Equity

BSF Emerging Markets Equity Strategies Fund

  • NAV as of 21/Nov/2024 EUR 139.39
    52 WK: 126.39 - 155.44
  • 1 Day NAV Change as of 21/Nov/2024 -0.52 (-0.37%)
  • Morningstar Rating

Overview

Investment Approach


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 seeks to gain at least 70% of its investment exposure to companies domiciled in, or exercising the main part of their business in, emerging markets. This is achieved by investing at least 70% of its total assets in equity securities (e.g. shares) and equity-related (E-R) securities and when determined appropriate, fixed income (FI) securities (such as bonds), money market instruments (MMIs) (i.e. debt securities with short-term maturities), deposits and cash. The E-R securities include financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used to help achieve the Fund’s investment objective and the Fund may, via FDIs, generate market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). A significant portion of the Fund’s assets may be invested in total return swaps and contracts for difference that aim to achieve a specified return based on underlying assets such as equity and FI securities.

The FI securities and MMIs may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development) and may be investment grade (i.e. meet a specified level of credit worthiness), non-investment grade or unrated at the time of purchase.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Credit risk, changes to interest rates and/or issuer defaults will have a significant impact on the performance of fixed income securities. Potential or actual credit rating downgrades may increase the level of risk. Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 4 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -16.9 13.2 6.6 23.1
Constraint Benchmark 1 (%) 8.5 4.9 -14.9 6.1

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
Total Return (%) 14.15 12.25 7.36 - 6.64
Constraint Benchmark 1 (%) 22.01 0.69 4.50 - 5.02
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 5.61 -4.13 1.60 2.19 14.15 41.45 42.63 - 42.02
Constraint Benchmark 1 (%) 13.62 -1.77 3.24 6.95 22.01 2.08 24.60 - 30.63
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

-19.12 27.68 -2.11 27.83 17.96
Constraint Benchmark 1 (%)

as of 30/Sept/2024

2.77 19.60 -14.96 3.35 19.58

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 21/Nov/2024
USD 511,075,783
Fund Launch Date
18/Sept/2015
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Emerging Markets Index
Initial Charge
0.00%
Management Fee
1.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLEESI2
Share Class launch date
15/May/2019
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.10%
ISIN
LU1992117652
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
BHTBQ60

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
89
3y Beta
as of 31/Oct/2024
0.933
P/B Ratio
as of 31/Oct/2024
0.93
Standard Deviation (3y)
as of 31/Oct/2024
16.63%
P/E Ratio
as of 31/Oct/2024
10.21

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BSF Emerging Markets Equity Strategies Fund, Class I2, as of 31/Jan/2023 rated against 2700 Global Emerging Markets Equity Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31/Dec/2023)
Analyst-Driven % as of 31/Dec/2023
10.00
Data Coverage % as of 31/Dec/2023
96.00

Holdings

Holdings

as of 30/Sept/2024
Name Weight (%)
SAMSUNG ELECTRONICS CO LTD 7.34
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 5.54
ALIBABA GROUP HOLDING LTD 5.30
EMAAR PROPERTIES PJSC 4.40
AYALA CORPORATION 4.39
Name Weight (%)
ASTRA INTERNATIONAL TBK. PT. 3.97
THAI BEVERAGE PCL 3.78
VODACOM GROUP LTD 3.47
WIZZ AIR HOLDINGS PLC 3.32
PRUDENTIAL PLC 3.25
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund
Sorry, geographic exposures are not available at this time.
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class I2 EUR 139.39 -0.52 -0.37 21/Nov/2024 155.44 126.39 LU1992117652
Class D2 EUR 228.76 -0.86 -0.37 21/Nov/2024 255.21 207.91 LU1321847987
Class I2 USD 133.15 -0.40 -0.30 21/Nov/2024 154.89 124.77 LU1946828917
Class D2 USD 226.37 -0.68 -0.30 21/Nov/2024 263.44 212.63 LU1321847714
Class D4 USD 119.82 -0.36 -0.30 21/Nov/2024 139.44 114.14 LU1990956846
Class A2 USD 231.55 -0.70 -0.30 21/Nov/2024 269.65 218.40 LU1289970086
Class D2 GBP 151.28 -0.35 -0.23 21/Nov/2024 170.03 141.16 LU1896777239
Class Z2 USD 256.36 -0.77 -0.30 21/Nov/2024 298.10 239.61 LU1289970243
Class A2 Hedged CHF 97.31 -0.33 -0.34 21/Nov/2024 114.43 95.25 LU1971548372
Class D2 Hedged EUR 184.34 -0.59 -0.32 21/Nov/2024 215.76 176.49 LU1321848019
Class D2 Hedged CHF 100.28 -0.34 -0.34 21/Nov/2024 117.85 97.76 LU1971548455
Class Z2 GBP 163.88 -0.38 -0.23 21/Nov/2024 184.05 152.14 LU1715605942

Portfolio Managers

Portfolio Managers

Samuel Vecht
Samuel Vecht
Gordon Fraser
Gordon Fraser
Managing Director

Gordon Fraser, CFA, Managing Director, is a portfolio manager on the Global Emerging Markets Equities Team within the Fundamental Active Equity division.

Read More

Gordon Fraser, CFA, Managing Director, is a portfolio manager on the Global Emerging Markets Equities Team within the Fundamental Active Equity division.

Literature

Literature