Fact sheet: BlackRock SF EM FlDynBd

Fund information
Fund name
BlackRock SF Emerging Markets Flexi Dynamic Bond D2 USD
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Laurent Develaysince 12/06/2013
  • Michal Wozniaksince 01/04/2014
  • Sergio Trigo Pazsince 12/06/2013
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
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
16.5%
1 Year rank in sector
43/200
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.
1.15%
Fund size
£517m (£247m 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.
44
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$50.9%
Pictet Lat Am Lcl Cur Dt40.6%
Old Mutual Em Mt Dt37.4%
SEI Emg Mkts Dt36.9%
Schroder ISF EmgMktBd36%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Russia15.7%
    Money Market14.3%
    Argentina13.5%
    Venezuela6.5%
    Turkey5%
  • Government Bonds42.6%
    Government Agency Bonds21.8%
    Money Market14.3%
    Local Government Bonds14.2%
    Health Care7.1%
  • American Emerging Fixed Interest25.7%
    Russian Fixed Interest15.7%
    Money Market14.3%
    European Emerging Fixed Interest10.2%
    African Fixed Interest8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%4.1%8.5%16.5%15%-
Sector0.4%5%8.5%13%3.6%14.8%
Rank within sector8 / 213156 / 210104 / 20743 / 20061 / 162-
Quartile1st3rd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund10.2%3.4%0.4%--
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector165 / 20513 / 19496 / 170--
Quartile4th1st3rd
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.
4.08
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.
0.65
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.
0.31
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%.
6.36
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.
4.86
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.
0.68
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.
0.59
Price movement
52 week high114.87
52 week low98.53
Current bid price-
Current offer price-
Current mid price114.87
Region
1Russia15.65%
2Money Market14.28%
3Argentina13.47%
4Venezuela6.51%
5Turkey5.04%
6Mexico4.76%
7Brazil4.36%
8Serbia4.34%
9USA4.25%
Industry sector
1Government Bonds42.62%
2Government Agency Bonds21.82%
3Money Market14.28%
4Local Government Bonds14.18%
5Health Care7.1%
Asset type
1American Emerging Fixed Interest25.74%
2Russian Fixed Interest15.65%
3Money Market14.28%
4European Emerging Fixed Interest10.24%
5African Fixed Interest8.06%
6Middle East & African Fixed Interest5.04%
7Mexican Fixed Interest4.76%
8Brazilian Fixed Interest4.36%
9US Fixed Interest4.25%
Individual holdings
1ARGENTINA(REPUBLIC OF) 7% BDS 17/04/17 USD15.54%
2PETROLEOS DE VENEZUELA 9.75% BDS 17/05/35 USD1000 REG S5.04%
3TURKEY(REPUBLIC OF) 4.875% BDS 16/04/43 USD10005.04%
4MEXICO(UNITED MEXICAN STATES) 8.5% BDS 13/12/18 MXN1004.76%
5GAZ CAPITAL SA 7.288% MTN 16/08/37 USD1000004.49%
6SERBIA(REPUBLIC OF) 5.875% NTS 03/12/18 USD200000 144A4.34%
7TREASURY NOTE (2OLD) 0.625 06/30/20184.25%
8BELARUS 8.95% 26/01/2018 REGS3.46%
9PETROBRAS GLOBAL FINANCE BV 6.85 06/05/21153.32%
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
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Laurent Develay12/06/2013Laurent Develay, Director, is a portfolio manager on the Emerging Markets Debt team within BlackRock's Portfolio Management Group. He has responsibility for managing emerging market currencies and local debt investments.Prior to joining BlackRock in June 2012, Mr. Develay was a portfolio manager in the Emerging Markets Debt team at Fischer Francis Trees & Watts (FFTW, a BNP Paribas Investment Partner) with an alpha focus on EM currencies and regional research coverage of Latin America. Prior to the merger between BNP Paribas and Fortis, Mr. Develay was head of the currency and commodity trading team at Fortis Investments for five years in Paris and London with a strong focus on emerging markets currencies. Previously, Mr. Develay served as a currency trader at AXA Investment Managers where he started his career in 1999.Mr. Develay earned Master in Finance in 1996 from the E.S.L.S.C.A. in Paris and a Certificate in Finance from UC Berkeley Extension in 1998.
Michal Wozniak01/04/2014Michal Wozniak is a Senior Emerging Markets & Currencies Portfolio Manager within LOIM'¢s Fixed Income & Currencies Group. He joined LOIM in October 2011. Prior to joining LOIM, Michal was a senior portfolio manager for a range of global emerging market funds denominated in local and hard currencies at JP Morgan Asset Management. Previously, he was a senior fund manager focused on emerging markets & currencies at Fortis Investments, where he co-managed global emerging market funds and regional funds with a focus on Central and Eastern European exposure. Before that, he was the local head of fixed income Poland for portfolios in domestic and foreign currencies at Credit Suisse Asset Management from 2002 to 2007. He began his career as an equity analyst at ABN AMRO Asset Management in 2000. Michal earned a master's degree in finance from the Warsaw School of Economics in 2001. He is a CFA Charterholder and holds the Licensed Securities Broker (1750) and the Licensed Investment Advisor (178) designations.
Sergio Trigo Paz12/06/2013Sergio 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, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
BlackRock SF Emerging Markets Flexi Dynamic 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)1.9%
Total expense ratio (TER)2.26%
Bid price-
Offer price-
Mid price109.79
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKLG
BlackRock SF Emerging Markets Flexi Dynamic Bond A2 USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price111.7
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF90Q
BlackRock SF Emerging Markets Flexi Dynamic Bond A4RF Hedged GBP
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.55
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKKS
BlackRock SF Emerging Markets Flexi Dynamic Bond D2 Hedged EUR
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.87
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9OZ
BlackRock SF Emerging Markets Flexi Dynamic Bond D2 USD
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.87
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9FQ
BlackRock SF Emerging Markets Flexi Dynamic Bond D4 Hedged GBP
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.45
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFMTW
BlackRock SF Emerging Markets Flexi Dynamic Bond D4RF GBP
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.32
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFETP
BlackRock SF Emerging Markets Flexi Dynamic Bond D5 USD
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.87
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE18E
BlackRock SF Emerging Markets Flexi Dynamic Bond E2 Hedged EUR
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.4%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price109.51
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF9OY
BlackRock SF Emerging Markets Flexi Dynamic Bond E2 USD
Initial charge3%
Annual charge2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.41%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price110
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF9FR
BlackRock SF Emerging Markets Flexi Dynamic Bond I2 USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price113.04
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOAK
BlackRock SF Emerging Markets Flexi Dynamic Bond I4 Hedged EUR
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.75
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE9HU
BlackRock SF Emerging Markets Flexi Dynamic Bond X2 Hedged AUD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.08
CurrencyAUD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEA7F
BlackRock SF Emerging Markets Flexi Dynamic Bond X2 Hedged GBP
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.46
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE6EZ
BlackRock SF Emerging Markets Flexi Dynamic Bond X2 USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.85
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9BD
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.