Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

8.70 -13.24 8.92 -2.06 4.01
  1Y 3Y 5Y 10y Incept.
-5.12 2.05 1.70 - -0.98
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-8.98 -2.22 -6.19 -5.12 6.27 8.78 - -8.59
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Dec 3, 2021 USD 2,139.696
12m Trailing Yield as of Nov 30, 2021 5.22
Number of Holdings as of Oct 29, 2021 161
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Oct 4, 2012
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.78%
ISIN LU0827885228
Bloomberg Ticker BGLED4U
Annual Management Fee 0.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B87D342
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Oct 29, 2021 6.84%
Modified Duration as of Oct 29, 2021 4.12 yrs
Effective Duration as of Oct 29, 2021 4.09 yrs
Weighted Avg Maturity as of Oct 29, 2021 6.99 yrs
WAL to Worst as of Oct 29, 2021 6.99 yrs

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 5, 2021 BBB
MSCI ESG Quality Score (0-10) as of Nov 5, 2021 4.29
MSCI ESG Quality Score - Peer Percentile as of Nov 5, 2021 49.60
MSCI ESG % Coverage as of Nov 5, 2021 99.42
Fund Lipper Global Classification as of Nov 5, 2021 Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 5, 2021 827.87
Funds in Peer Group as of Nov 5, 2021 252
All data is from MSCI ESG Fund Ratings as of Nov 5, 2021, based on holdings as of Jun 30, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Oct 29, 2021
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.71
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 2.43
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.30
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.95
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.92
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.78
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.70
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.61
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.60
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.25 11/22/2028 1.42
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 29, 2021

% of Market Value

Type Fund
as of Oct 29, 2021

% of Market Value

Type Fund
as of Oct 29, 2021

% of Market Value

Type Fund
Allocations subject to change.
as of Oct 29, 2021

% of Market Value

Type Fund
as of Oct 29, 2021

% of Market Value

Type Fund
as of Oct 29, 2021

% of Market Value

Type Fund
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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D4 USD Annual 13.64 -0.02 -0.15 15.88 13.52 - LU0827885228 - -
X2 GBP Accumulating 5.37 0.02 0.37 5.79 5.25 - LU1688375267 - -
D2 Hgd CHF Accumulating 8.34 -0.01 -0.12 9.37 8.26 - LU1688375184 - -
D2 USD Accumulating 24.89 -0.03 -0.12 27.61 24.65 - LU0383940458 - -
A1 USD Daily 3.38 0.00 0.00 3.92 3.35 - LU0278477574 - -
A2 Hgd EUR Accumulating 7.08 -0.01 -0.14 7.97 7.01 - LU0359002093 - -
D2 CHF Accumulating 22.90 0.00 0.00 24.48 22.81 - LU1065150267 - -
X2 Hgd GBP Accumulating 9.69 -0.01 -0.10 10.70 9.59 - LU1505939139 - -
I5 USD Quarterly 8.44 -0.01 -0.12 9.74 8.36 - LU1495982867 - -
I5 EUR Quarterly 7.48 0.03 0.40 7.95 7.40 - LU0995350831 - -
X2 AUD Accumulating 10.12 0.09 0.90 10.36 9.50 - LU1554267051 - -
Class AI5 EUR Quarterly 8.95 0.02 0.22 9.53 8.87 - LU1960220660 - -
A1 EUR Daily 2.99 0.01 0.34 3.19 2.96 - LU0278461065 - -
I2 GBP - 18.87 0.07 0.37 20.45 18.51 - LU1741217027 - -
A3 EUR Monthly 3.01 0.01 0.33 3.21 2.99 - LU0278457469 - -
A3 HKD Monthly 26.46 -0.04 -0.15 30.55 26.34 - LU0388349754 - -
I2 CHF - 23.00 0.00 0.00 24.58 22.91 - LU1781817694 - -
A2 USD Accumulating 23.19 -0.03 -0.13 25.85 22.98 - LU0278470058 - -
A2 EUR Accumulating 20.54 0.06 0.29 21.15 20.21 - LU0278457204 - -
A4 USD Annual 13.61 -0.02 -0.15 15.83 13.48 - LU0548402170 - -
A4 EUR Annual 12.06 0.04 0.33 12.95 11.94 - LU0478974834 - -
A3 USD Monthly 3.40 0.00 0.00 3.94 3.38 - LU0278470132 - -
Class E5 Hedged EUR Quarterly 5.49 -0.01 -0.18 6.41 5.44 - LU1062843260 - -
D3 USD Monthly 14.04 -0.02 -0.14 16.30 13.97 - LU0523291242 - -
D3 Hgd GBP Monthly 5.84 -0.01 -0.17 6.79 5.81 - LU0995345831 - -
D3 EUR Monthly 12.44 0.04 0.32 13.29 12.35 - LU0827884924 - -
A6 USD Monthly 7.24 -0.01 -0.14 8.52 7.21 - LU1408528211 - -
C2 EUR Accumulating 17.07 0.05 0.29 17.75 16.91 - LU0278457972 - -
I2 Hgd EUR Accumulating 7.56 -0.01 -0.13 8.45 7.48 - LU0473186707 - -
C1 USD Daily 3.37 -0.01 -0.30 3.91 3.35 - LU0278478119 - -
D5 GBP Quarterly 7.55 0.02 0.27 8.60 7.43 - LU1694209807 - -
D2 Hgd SGD Accumulating 8.38 -0.01 -0.12 9.31 8.30 - LU0827884767 - -
I2 USD Accumulating 25.00 -0.03 -0.12 27.69 24.76 - LU0520955575 - -
D4 EUR Annual 12.08 0.03 0.25 13.00 11.97 - LU0827885145 - -
A6 Hgd SGD Monthly 6.54 -0.01 -0.15 7.71 6.51 - LU1676225185 - -
A2 Hgd SEK Accumulating 84.28 -0.12 -0.14 94.63 83.49 - LU1715605868 - -
E2 USD Accumulating 21.54 -0.03 -0.14 24.12 21.34 - LU0374975414 - -
D2 Hgd EUR Accumulating 7.31 -0.01 -0.14 8.18 7.24 - LU0622213642 - -
A8 Hgd AUD Monthly 5.81 -0.01 -0.17 6.80 5.78 - LU1133072774 - -
A2 Hgd SGD Accumulating 7.99 -0.01 -0.13 8.92 7.92 - LU0358998713 - -
I2 EUR Accumulating 22.14 0.07 0.32 22.68 21.69 - LU1559746307 - -
C2 USD Accumulating 19.27 -0.03 -0.16 21.72 19.10 - LU0278476923 - -
Class I3 Hedged GBP Monthly 5.85 -0.01 -0.17 6.81 5.83 - LU0995336418 - -
Class S3 Hedged GBP Monthly 8.85 -0.01 -0.11 10.29 8.80 - LU1911699996 - -
D2 Hgd GBP Accumulating 13.81 -0.02 -0.14 15.36 13.68 - LU0827885491 - -
D2 EUR Accumulating 22.04 0.06 0.27 22.61 21.61 - LU0329592702 - -
D3 Hgd AUD Monthly 5.52 -0.01 -0.18 6.43 5.50 - LU0827884841 - -
D3 HKD Monthly 109.44 -0.13 -0.12 126.36 108.98 - LU0827885061 - -
X2 EUR Accumulating 6.30 0.01 0.16 6.43 6.16 - LU0531082021 - -
A2 Hgd PLN Accumulating 9.31 -0.01 -0.11 10.46 9.22 - LU0480535052 - -
A6 Hgd CAD Monthly 7.07 -0.01 -0.14 8.33 7.04 - LU1408528641 - -
E2 Hgd EUR Accumulating 6.68 0.00 0.00 7.55 6.61 - LU0474536231 - -
A2 Hgd CHF Accumulating 6.89 -0.01 -0.14 7.78 6.83 - LU0623004180 - -
Class X5 Hedged GBP Quarterly 8.57 -0.01 -0.12 9.92 8.48 - LU1954752702 - -
E2 EUR Accumulating 19.08 0.06 0.32 19.72 18.83 - LU0278459671 - -
A2 CZK Accumulating 522.59 1.97 0.38 549.46 517.25 - LU1791177113 - -
Class AI2 EUR - 9.94 0.03 0.30 10.23 9.77 - LU1960220587 - -
D2 Hgd PLN Accumulating 9.74 -0.02 -0.20 10.90 9.65 - LU0827884684 - -
A8 Hgd NZD Monthly 7.26 -0.01 -0.14 8.46 7.22 - LU1408528724 - -
A6 Hgd HKD Monthly 71.87 -0.09 -0.13 84.76 71.58 - LU1408528484 - -
X2 USD Accumulating 7.12 -0.01 -0.14 7.85 7.05 - LU0344905624 - -
A3 Hgd AUD Monthly 5.53 0.00 0.00 6.43 5.50 - LU0575500318 - -
A6 Hgd GBP Monthly 6.62 -0.01 -0.15 7.81 6.59 - LU1408528302 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Managing Director, Head of BlackRock's Emerging Markets Fixed Income

Sergio Trigo Paz, Managing Director, is Head of BlackRock's Emerging Markets Fixed Income.

Laurent Develay
Managing Director, Head of Emerging Markets Local Debt Investments

Laurent Develay, Managing Director, Head of Emerging Markets Local Debt Investments within BlackRock's Global Fixed Income Group.

Michal Wozniak, CFA
Vice President, Portfolio Manager for Emerging Markets Debt Portfolio Management team

Michal Wozniak, CFA, Director, is a Portfolio Manager for Emerging Markets Debt Portfolio Management team for Blackrock Global Fixed Income Group.

Literature

Literature