Morningstar Fund Report | 17/04/2025

BlackRock Global Funds - Emerging Europe Fund A2

Performance History	28/02/2022

Growth of 1,000 (GBP)	Advanced Graph

	Fund	-10.6	25.8	-7.8	15.3	-59.1
	+/-Cat	-	-	-	-	-
	+/-B’mrk	-	-	-	-	-


Category: Other Equity
Category Benchmark: -

Key Stats
NAV 28/02/2022		EUR 53.60
Day Change		-37.67%
Morningstar Category™		Other Equity
ISIN		LU0011850392
Fund Size (Mil) 31/03/2025		EUR 18.08
Share Class Size (Mil) 28/02/2022		EUR 228.34
Max Initial Charge		5.26%
Ongoing Charge 07/02/2022		2.07%

Investment Objective: BlackRock Global Funds - Emerging Europe Fund A2

The Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, emerging European countries. It may also invest in companies domiciled in and around, or exercising the predominant part of their economic activity in and around, the Mediterranean region.

Returns

Trailing Returns (GBP)	28/02/2022
YTD	-59.10
3 Years Annualised	-19.41
5 Years Annualised	-11.59
10 Years Annualised	-5.49

12 Month Yield

0.00

Management

Manager Name Start Date
Sam Vecht 01/04/2009
Christopher Colunga 01/02/2019
Inception Date 29/12/1995

Category Benchmark

Fund Benchmark	Morningstar Benchmark
MSCI EM Europe 10/40 NR EUR	-

Portfolio Profile for BlackRock Global Funds - Emerging Europe Fund A2	31/03/2025

Morningstar Style Box®

Equity Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	0.03	0.00	0.03
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	99.97	0.00	99.97
Other	0.00	0.00	0.00

Top 5 Regions	%
Europe - Emerging	100.00
United States	0.00
Canada	0.00
Latin America	0.00
United Kingdom	0.00

Top 5 Sectors		%
	Energy	51.92
	Financial Services	33.54
	Basic Materials	10.34
	Consumer Defensive	4.20

Top 5 Holdings	Sector	%
Sberbank of Russia PJSC	Financial Services	0.01
Gazprom PJSC	Energy	0.01
Tatneft PJSC	Energy	0.00
Novolipetsk Steel PJSC	Basic Materials	0.00
NOVATEK PJSC	Energy	0.00

Increase Decrease New since last portfolio
BlackRock Global Funds - Emerging Europe Fund A2

Growth Of 1000 (GBP)

28/02/2022

	Fund: BlackRock Global Funds - Emerging Europe Fund A2
	Category: Other Equity
	Category Index:

Annual Returns (GBP)						28/02/2022
	2015	2016	2017	2018	2019	2020	2021	28/02
Price Return	-4.78	44.95	12.17	-10.64	25.76	-7.77	15.28	-59.10
+/- Category	-	-	-	-	-	-	-	-
+/- Category Index	-	-	-	-	-	-	-	-
% Rank in Category	-	-	-	-	-			100

Trailing Returns (GBP)			28/02/2022
	Total Returns	+/- Category	+/- Category Index
1 Day	-37.67	-	-
1 Week	-50.15	-	-
1 Month	-56.68	-	-
3 Months	-59.84	-	-
6 Months	-61.10	-	-
YTD	-59.10	-	-
1 Year	-52.79	-	-
3 Years Annualised	-19.41	-	-
5 Years Annualised	-11.59	-	-
10 Years Annualised	-5.49	-	-

Category: Other Equity
Category Index:

Quarterly Returns (GBP)				28/02/2022
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2021	3.19	14.34	7.15	-8.82
2020	-34.43	23.20	-7.98	24.08
2019	4.89	19.29	-1.91	2.47
2018	-1.88	-2.97	-0.30	-5.85
2017	2.41	0.45	6.81	2.09

Morningstar Rating™(Relative to Category)

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	-	-	Not Rated
5-Year	-	-	Not Rated
10-Year	-	-	Not Rated
Overall	-	-	Not Rated

Click here to see our Methodology

Volatility Measurements

28/02/2022


3-Yr Std Dev	41.80 %
3-Yr Mean Return	-8.96 %


3-Yr Sharpe Ratio	-0.23

Modern Portfolio Statistics	-	28/02/2022
	Standard Index	Best Fit Index
		JPM EMBI Plus TR USD
3-Yr Beta	-	3.03
3-Yr Alpha	-	-1.84

Investment Style Details

31/03/2025

Morningstar Style Box®

Equity Style

Size		Rel to Cat
Average Mkt Cap (Mil)	EUR -	-


Market Capitalisation	% of Equity
Giant	-
Large	-
Medium	-
Small	-
Micro	-

Valuations and Growth Rates	Equity Portfolio	Relative to Category
Price/Prospective Earnings	-	-
Price/Book	-	-
Price/Sales	-	-
Price/Cash Flow	-	-
Dividend-Yield Factor	-	-

Long-Term Projected Earnings Growth	-	-
Historical Earnings Growth	-	-
Sales Growth	-	-
Cash-Flow Growth	-	-
Book-Value Growth	-	-

Asset Allocation

31/03/2025

	% Long	% Short	% Net Assets
Stock	0.03	0.00	0.03
Bond	0.00	0.00	0.00
Property	0.00	0.00	0.00
Cash	99.97	0.00	99.97
Other	0.00	0.00	0.00

World Regions

31/03/2025

	% of Equity	Relative to Category
United States	0.00	0.00
Canada	0.00	0.00
Latin America	0.00	0.00
United Kingdom	0.00	0.00
Eurozone	0.00	0.00
Europe - ex Euro	0.00	0.00
Europe - Emerging	100.00	40.07
Africa	0.00	0.00
Middle East	0.00	0.00
Japan	0.00	0.00
Australasia	0.00	0.00
Asia - Developed	0.00	0.00
Asia - Emerging	0.00	0.00

Sector Weightings

31/03/2025

	% of Equity	Relative to Category
Basic Materials	10.34	0.71
Financial Services	33.54	2.05
Consumer Defensive	4.20	0.71
Energy	51.92	14.57

Top 10 Holdings

31/03/2025

	Portfolio NEW
Total Number of Equity Holdings	15
Total Number of Bond Holdings	0
Assets in Top 10 Holdings	0.03

Name	Sector	Country	% of Assets
Sberbank of Russia PJSC		Russian Federation	0.01
Gazprom PJSC		Russian Federation	0.01
Tatneft PJSC		Russian Federation	0.00
Novolipetsk Steel PJSC		Russian Federation	0.00
NOVATEK PJSC		Russian Federation	0.00
Rosneft Oil Co		Russian Federation	0.00
Magnitogorsk Iron & Steel Works PJSC		Russian Federation	0.00
NovaBev Group		Russian Federation	0.00
Tatneft PJSC Participating Preferred		Russian Federation	0.00
PJSC Lukoil		Russian Federation	0.00

Increase Decrease New since last portfolio
Category: Other Equity

Management

Name of Company	BlackRock (Luxembourg) SA
Phone	+44 20 77433000
Website	www.blackrock.com
Address	35 A, avenue J.F. Kennedy,
	Luxembourg L-1855
	Luxembourg

Domicile	Luxembourg
Legal Structure	SICAV
UCITS	Yes
Inception Date	29/12/1995

Fund Advisor(s)
BlackRock Investment Management (UK) Ltd.

Fund Manager	Sam Vecht
Manager Start Date	01/04/2009
Career Start Year	2000

Education

2000, London School of Economics, B.S.



Biography
Sam Vecht, CFA, Managing Director, is Head of Emerging Europe, Frontiers and Alternative Strategies and a portfolio manager within BlackRock’s Fundamental Equity Group. Mr. Vecht is lead portfolio manager for the Emerging Markets Equity Strategies Fund and also co-manages the Latin America, Emerging Europe, Emerging Frontiers Hedge Fund, Frontiers, and Asia Pacific Absolute Return strategies. He is also a research pod leader of the EMEA & Frontiers and Latin America pods. Mr. Vecht's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Vecht earned a BSc degree, with honours, in international relations and history from the London School of Economics

Fund Manager	Christopher Colunga
Manager Start Date	01/02/2019
Career Start Year	2004

Education

University of Michigan, B.A.



Biography
Chris Colunga, Director, is a Portfolio Manager and a research analyst on the Global Emerging Markets Equities Team within BlackRock’s Fundamental Equity Group. He specialized in Central Eastern European and Russian Equities. He is a member of the EMEA & Frontiers research pod. Prior to moving to BlackRock, Mr. Colunga spent five years managing long/short equity strategies focused on the EMEA and MENA regions at Charlemagne Capital and Och-Ziff Capital Management. From 2007, Mr. Colunga was an EMEA equity analyst at Schroders specialising in Russia, Turkey and the Czech Republic. He began his career as an auditor at Ernst & Young in 2004. Mr. Colunga earned a BA (Hons) in Political Science from the University of Michigan, Ann Arbor.

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	5.26%
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	1.75%
Ongoing Charge	2.07%

Purchase Details

Minimum Investments
Initial	-
Additional	-
Savings	-

Tax Free Savings Schemes
ISAs	No