Fact sheet: BlackRock GF EM Crp Bd

Fund information
Fund name
BlackRock GF Emerging Markets Corporate Bond D2 USD
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Jane Yusince 18/02/2013
  • Sergio Trigo Pazsince 18/02/2013
  • Jack Deinosince 01/11/2015
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund's assets. The Fund invests at least 70% of its total assets in fixed income securities. At least 70% of the fixed income securities will be issued by companies whether domiciled in, or the main business of which is in, emerging market countries which may include investments with a relatively low credit rating or which are unrated.
Benchmark
  • JP Morgan CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.8%
1 Year rank in sector
48/218
Sector
FO Fixed Int - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.92%
Fund size
£142m (£110m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
27
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil9.8%
    Russia9.7%
    China9%
    Mexico7.5%
    Money Market6%
  • Health Care59.7%
    Government Agency Bonds27.2%
    Government Bonds7.1%
    Money Market6%
  • American Emerging Fixed Interest10.8%
    Brazilian Fixed Interest9.8%
    Russian Fixed Interest9.7%
    GCC Fixed Interest9.5%
    Chinese Fixed Interest9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-2.6%2.7%7.8%14.4%-
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector54 / 22782 / 22578 / 22348 / 21840 / 168-
Quartile1st2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.5%0.5%3.4%--
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector57 / 22035 / 20364 / 173--
Quartile2nd1st2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
4.97
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.55
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.42
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.29
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.73
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.28
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.83
Price movement
52 week high11.66
52 week low10.17
Current bid price-
Current offer price-
Current mid price11.28
Region
1Brazil9.79%
2Russia9.7%
3China9%
4Mexico7.48%
5Money Market6.01%
6Chile5.3%
7Turkey5.29%
8Colombia4.68%
9Hong Kong4.62%
Industry sector
1Health Care59.67%
2Government Agency Bonds27.24%
3Government Bonds7.08%
4Money Market6.01%
Asset type
1American Emerging Fixed Interest10.77%
2Brazilian Fixed Interest9.79%
3Russian Fixed Interest9.7%
4GCC Fixed Interest9.48%
5Chinese Fixed Interest9%
6Mexican Fixed Interest7.48%
7Middle East & African Fixed Interest7.06%
8Money Market6.01%
9Chilean Fixed Interest5.3%
Individual holdings
1VALE OVERSEAS LTD 5.875% BDS 10/06/21 USD20001.39%
2BANCO DE BOGOTA 6.25% BDS 12/05/26 USD200000144A1.34%
3BUENOS AIRES(PROVINCE OF) 5.75% BDS 15/06/19 USD1500001.33%
4LISTRINDO CAPITAL BV 4.95% BDS 14/09/26 USD10001.29%
5GLOBO COMMUNICACOES PART REGS 4.843 06/08/20251.24%
6TENGIZCHEVROIL FIN CO INTL LTD 4% BDS 15/08/26 USD2000001.24%
7RUSSIAN FEDERATION MINISTRY FINANCE 4.75% BDS 27/05/26 USD1.22%
8FRESNILLO PLC 5.5% BDS 13/11/23 USD200000 REG S1.19%
9GRUPOSURA FINANCE 5.5% BDS 29/04/26 USD2000001.14%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund's assets. The Fund invests at least 70% of its total assets in fixed income securities. At least 70% of the fixed income securities will be issued by companies whether domiciled in, or the main business of which is in, emerging market countries which may include investments with a relatively low credit rating or which are unrated.
Benchmark
  • JP Morgan CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jane Yu18/02/2013Jane Yu, CFA, Vice President, is a portfolio manager for the Emerging Markets Debt team within BlackRock's Portfolio Management Group. She has responsibility for EM corporate strategies. Prior to joining BlackRock in June 2012, Jane was a portfolio manager/credit analyst for the Emerging Markets Debt team at Fischer Francis Trees and Watts - FFTW (wholly owned subsidiary of BNP Paribas) for three years where she was responsible for generating alpha ideas related to emerging markets credit. Prior to the merger between BNP Paribas and Fortis, Jane was an emerging markets debt credit analyst for Fortis Investments for three years, with responsibility for corporate bond analysis. She began her career as a research associate in Nottingham University Business School in 2005. Jane earned a PhD in Economics and an MSc in International Money and Banking from University of Birmingham in the UK. Jane is a CFA charterholder.
Sergio Trigo Paz18/02/2013Sergio Trigo Paz, Managing Director, is Head of BlackRock's Emerging Markets Fixed Income within Portfolio Management Group. Prior to Joining BlackRock in 2012, he was CIO of Emerging Market Fixed Income at FFTW, a BNP Paribas Investment Partner. Prior to the merger between BNPP IP and Fortis Investments, he managed a special situations and event driven EM hedge fund and was also responsible for total and absolute return EM strategies from 2004 to 2008. In his early career he developed extensive experience in emerging markets as a proprietary trader at a subsidiary of Banca Intesa in Paris, as a market maker in emerging market sovereign and corporate bonds at ANZ and Long Term Credit Bank in New York and as an exotic/distressed debt trader at Societé Générale. Over the years, Sergio developed an innovative thematic investment process enhanced by a qualitative and local intelligence flavour, combining a global factors approach with an on-the-ground due diligence and special situations analysis. His highly qualitative process is now being applied to emerging market funds, singling it out from the typical top-down/bottom-up approach of traditional real money. Sergio graduated with an MSc in Economics, an MSc in Finance and an MPhil in Management from Paris Sorbonne University in 1993.
Jack Deino01/11/2015
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Brunei Darussalam, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
BlackRock GF Emerging Markets Corporate Bond A2 Hedged EUR
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price10.72
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF60M
BlackRock GF Emerging Markets Corporate Bond A2 USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price10.93
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF60L
BlackRock GF Emerging Markets Corporate Bond D2 USD
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price11.28
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF60N
BlackRock GF Emerging Markets Corporate Bond D3RF Hedged GBP
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price10.17
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF7F
BlackRock GF Emerging Markets Corporate Bond E2 EUR
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.22%
Bid price-
Offer price-
Mid price13.51
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF60O
BlackRock GF Emerging Markets Corporate Bond E2 Hedged EUR
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price10.48
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJNZ
BlackRock GF Emerging Markets Corporate Bond E5 Hedged EUR
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price9.84
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJOA
BlackRock GF Emerging Markets Corporate Bond I2 Hedged EUR
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.28
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF7H
BlackRock GF Emerging Markets Corporate Bond I2 USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.31
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF60P
BlackRock GF Emerging Markets Corporate Bond I3RF Hedged GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.17
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF7G
BlackRock GF Emerging Markets Corporate Bond X2 USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.64
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF60Q
Data provided by

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