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
  • Jack Deinosince 01/11/2015
  • Jane Yusince 18/02/2013
  • Sergio Trigo Pazsince 18/02/2013
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
  • JPM CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.4%
1 Year rank in sector
75/221
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.
0.96%
Fund size
£150m (£113m 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.
26
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Fund name1 Year
Ashmore EMHghYldCrDb30.9%
Pictet Lat Am Lcl Cur Dt28.8%
Gramercy Allct Emg Mket Debt27.7%
Old Mutual Em Mt Dt27%
Ashburton India FxIn Opps26%
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Performance snapshot

Holdings snapshot

  • Russia11.6%
    Brazil9.3%
    China9%
    Colombia8.9%
    Mexico8.4%
  • Health Care65.5%
    Government Agency Bonds24.4%
    Money Market7.8%
    Government Bonds2.4%
  • American Emerging Fixed Interest23.9%
    Russian Fixed Interest11.6%
    Brazilian Fixed Interest9.3%
    Chinese Fixed Interest9%
    Mexican Fixed Interest8.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%3.4%2.8%9.4%17.2%-
Sector0.8%4.1%2%8.9%4.4%6.7%
Rank within sector17 / 234148 / 23463 / 22975 / 22139 / 184-
Quartile1st3rd2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund4.7%10.6%0.5%3.4%-
Sector5.2%10.2%-7.3%-0.6%-7%
Rank within sector138 / 23480 / 21742 / 20370 / 172-
Quartile3rd2nd1st2nd
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.
4.46
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.
0.58
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.
0.41
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%.
4.6
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.
3.51
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.
1.11
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.
0.87
Price movement
52 week high11.91
52 week low10.9
Current bid price-
Current offer price-
Current mid price11.92
Region
1Russia11.63%
2Brazil9.27%
3China9.03%
4Colombia8.91%
5Mexico8.38%
6Money Market7.76%
7Argentina5.61%
8Chile4.63%
9United Arab Emirates3.54%
Industry sector
1Health Care65.46%
2Government Agency Bonds24.35%
3Money Market7.76%
4Government Bonds2.43%
Asset type
1American Emerging Fixed Interest23.86%
2Russian Fixed Interest11.63%
3Brazilian Fixed Interest9.27%
4Chinese Fixed Interest9.03%
5Mexican Fixed Interest8.38%
6Money Market7.76%
7GCC Fixed Interest6.4%
8Chilean Fixed Interest4.63%
9Middle East & African Fixed Interest4.3%
Individual holdings
1DIGICEL GROUP LTD 6% BDS 15/04/21 USD1002.57%
2CENTRAL AMERICAN BOTTLING CORP 5.75% BDS 31/01/27 USD 20002.04%
3GRUPO UNICOMER CO LTD REGS 7.875 04/01/20242.02%
4BANCO GNB SUDAMERIS SA REGS 6.5 04/03/20272%
5ECOPETROL SA 5.375% BDS 26/06/26 USD10001.97%
6GRUPOSURA FINANCE REGS 5.5 04/29/20261.72%
7PETROBRAS INTERNATIONAL FINANCE CO 5.375% BDS 27/01/21 USD10001.68%
8TURKIYE IS BANKASI 5.5% BDS 21/04/22 USD200000 144A1.62%
9BUKIT MAKMUR MANDIRI UTAMA PT REGS 7.75 02/13/20221.53%
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
  • JPM CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jack Deino01/11/2015Jack Deino, CFA, Director is Head of The Emerging Markets Corporate Debt Strategies Team within BlackRock’s Global Fixed Income Group. He is the Lead Portfolio Manager in his team and is responsibility for managing and overseeing its activities. In addition, Mr. Deino is a member of BlackRock's Latam Infrastructure Debt Investment Committee. Mr. Deino has more than 21 years of experience in EM fixed income as well as equities. Prior to joining BlackRock in December 2015, Mr. Deino spent more than 9 years at Invesco where he was most recently Head of Emerging Market Portfolio Management and lead portfolio manager for the firm’s award winning corporate and sovereign credit funds. In addition, he has been involved in the restructuring of diverse credits on a global basis and has played a key role in the implementation of the Emerging Markets corporate and quasi-sovereign fundamental research process at previous firms. Mr. Deino earned a BA degree in Latin American Studies from The University of Texas at Austin. He is fluent in Portuguese and Spanish and conversant in French.
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.
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, 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)1.71%
Total expense ratio (TER)1.72%
Bid price-
Offer price-
Mid price11.21
CurrencyEUR
Price updated27/04/2017
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)1.72%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price11.52
CurrencyUSD
Price updated27/04/2017
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)0.96%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price11.92
CurrencyUSD
Price updated27/04/2017
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)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price10.56
CurrencyGBP
Price updated27/04/2017
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)2.21%
Total expense ratio (TER)2.22%
Bid price-
Offer price-
Mid price13.86
CurrencyEUR
Price updated27/04/2017
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)2.21%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price10.94
CurrencyEUR
Price updated27/04/2017
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)2.21%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price10.13
CurrencyEUR
Price updated27/04/2017
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)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.84
CurrencyEUR
Price updated27/04/2017
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)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.96
CurrencyUSD
Price updated27/04/2017
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 price10.56
CurrencyGBP
Price updated27/04/2017
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)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.35
CurrencyUSD
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF60Q
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