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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
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of Mar 31, 2021

- - -5.51 -6.00 4.65
  1Y 3Y 5Y 10y Incept.
-4.29 -0.06 - - -1.55
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-5.25 0.64 0.02 -4.29 -0.19 - - -5.56
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 Jun 18, 2021 USD 2,529.777
12m Trailing Yield as of May 31, 2021 4.81
Number of Holdings as of May 28, 2021 153
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Oct 4, 2017
Asset Class -
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 LU1694209807
Bloomberg Ticker BGLD5RF
Annual Management Fee 0.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BZ7MJB7
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

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 Jun 7, 2021 BB
MSCI ESG Quality Score (0-10) as of Jun 7, 2021 4.28
MSCI ESG Quality Score - Peer Percentile as of Jun 7, 2021 48.78
MSCI ESG % Coverage as of Jun 7, 2021 99.28
Fund Lipper Global Classification as of Jun 7, 2021 Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 7, 2021 513.00
Funds in Peer Group as of Jun 7, 2021 246
All data is from MSCI ESG Fund Ratings as of Jun 7, 2021, based on holdings as of Jan 31, 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 May 28, 2021
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 2.75
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.67
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.38
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.21
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.91
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.90
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.80
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 1.71
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.58
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.58
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 28, 2021

% of Market Value

Type Fund
as of May 28, 2021

% of Market Value

Type Fund
as of May 28, 2021

% of Market Value

Type Fund
Allocations subject to change.
as of May 28, 2021

% of Market Value

Type Fund
as of May 28, 2021

% of Market Value

Type Fund
as of May 28, 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
D5 GBP Quarterly 7.88 0.02 0.25 8.60 7.61 - LU1694209807 - -
I2 EUR Accumulating 22.37 0.01 0.04 22.68 21.12 - LU1559746307 - -
Class AI5 EUR Quarterly 9.28 0.00 0.00 9.53 8.98 - LU1960220660 - -
D3 Hgd GBP Monthly 6.38 -0.03 -0.47 6.79 6.12 - LU0995345831 - -
A2 Hgd SGD Accumulating 8.52 -0.04 -0.47 8.92 7.86 - LU0358998713 - -
I5 USD Quarterly 9.20 -0.05 -0.54 9.74 8.72 - LU1495982867 - -
A2 CHF Accumulating 22.79 0.05 0.22 22.86 21.31 - LU0938162186 - -
Class S3 Hedged GBP Monthly 9.67 -0.05 -0.51 10.29 9.28 - LU1911699996 - -
X2 Hgd GBP Accumulating 10.28 -0.05 -0.48 10.70 9.40 - LU1505939139 - -
D2 CHF Accumulating 24.40 0.06 0.25 24.42 22.73 - LU1065150267 - -
D2 Hgd CHF Accumulating 8.92 -0.04 -0.45 9.37 8.28 - LU1688375184 - -
C2 USD Accumulating 20.65 -0.10 -0.48 21.72 19.23 - LU0278476923 - -
A1 USD Daily 3.68 -0.02 -0.54 3.92 3.52 - LU0278477574 - -
X2 GBP Accumulating 5.45 0.01 0.18 5.79 5.25 - LU1688375267 - -
A2 Hgd EUR Accumulating 7.58 -0.04 -0.52 7.97 7.06 - LU0359002093 - -
X2 AUD Accumulating 10.06 0.04 0.40 10.31 9.50 - LU1554267051 - -
I5 EUR Quarterly 7.75 0.00 0.00 7.95 7.49 - LU0995350831 - -
D2 USD Accumulating 26.46 -0.12 -0.45 27.61 24.22 - LU0383940458 - -
A8 Hgd AUD Monthly 6.37 -0.03 -0.47 6.80 6.17 - LU1133072774 - -
Class I3 Hedged GBP Monthly 6.41 -0.03 -0.47 6.81 6.15 - LU0995336418 - -
D2 Hgd EUR Accumulating 7.81 -0.04 -0.51 8.18 7.23 - LU0622213642 - -
I2 GBP - 19.19 0.05 0.26 20.45 18.51 - LU1741217027 - -
I2 CHF - 24.49 0.06 0.25 24.50 22.79 - LU1781817694 - -
A1 EUR Daily 3.10 0.00 0.00 3.19 3.02 - LU0278461065 - -
A3 EUR Monthly 3.12 0.00 0.00 3.22 3.04 - LU0278457469 - -
A2 USD Accumulating 24.71 -0.12 -0.48 25.85 22.74 - LU0278470058 - -
A2 Hgd SEK Accumulating 90.17 -0.47 -0.52 94.63 83.84 - LU1715605868 - -
A6 Hgd SGD Monthly 7.19 -0.03 -0.42 7.71 7.01 - LU1676225185 - -
A2 EUR Accumulating 20.82 0.01 0.05 21.15 19.75 - LU0278457204 - -
Class E5 Hedged EUR Quarterly 6.02 -0.03 -0.50 6.41 5.78 - LU1062843260 - -
A4 USD Annual 15.13 -0.08 -0.53 15.83 14.16 - LU0548402170 - -
D3 USD Monthly 15.32 -0.08 -0.52 16.30 14.64 - LU0523291242 - -
A4 EUR Annual 12.75 0.00 0.00 13.22 12.09 - LU0478974834 - -
A6 USD Monthly 7.95 -0.04 -0.50 8.52 7.74 - LU1408528211 - -
A3 USD Monthly 3.70 -0.02 -0.54 3.94 3.54 - LU0278470132 - -
D3 EUR Monthly 12.91 0.00 0.00 13.32 12.58 - LU0827884924 - -
C1 USD Daily 3.68 -0.01 -0.27 3.91 3.52 - LU0278478119 - -
A3 HKD Monthly 28.76 -0.15 -0.52 30.55 27.44 - LU0388349754 - -
D2 Hgd GBP Accumulating 14.70 -0.07 -0.47 15.36 13.53 - LU0827885491 - -
I2 Hgd EUR Accumulating 8.07 -0.04 -0.49 8.45 7.46 - LU0473186707 - -
D2 Hgd SGD Accumulating 8.91 -0.05 -0.56 9.31 8.18 - LU0827884767 - -
E2 USD Accumulating 23.00 -0.11 -0.48 24.12 21.27 - LU0374975414 - -
I2 USD Accumulating 26.55 -0.13 -0.49 27.69 24.28 - LU0520955575 - -
C2 EUR Accumulating 17.40 0.01 0.06 17.75 16.65 - LU0278457972 - -
D3 Hgd AUD Monthly 6.04 -0.04 -0.66 6.43 5.80 - LU0827884841 - -
D4 EUR Annual 12.82 0.01 0.08 13.29 12.11 - LU0827885145 - -
D2 EUR Accumulating 22.29 0.01 0.04 22.61 21.06 - LU0329592702 - -
X2 EUR Accumulating 6.36 0.01 0.16 6.43 5.98 - LU0531082021 - -
X2 USD Accumulating 7.54 -0.04 -0.53 7.85 6.86 - LU0344905624 - -
E2 EUR Accumulating 19.38 0.01 0.05 19.72 18.45 - LU0278459671 - -
A8 Hgd NZD Monthly 7.93 -0.04 -0.50 8.46 7.68 - LU1408528724 - -
A2 Hgd PLN Accumulating 9.95 -0.05 -0.50 10.46 9.24 - LU0480535052 - -
A6 Hgd HKD Monthly 78.98 -0.38 -0.48 84.76 76.99 - LU1408528484 - -
D3 HKD Monthly 118.98 -0.58 -0.49 126.36 113.47 - LU0827885061 - -
A6 Hgd CAD Monthly 7.77 -0.03 -0.38 8.33 7.58 - LU1408528641 - -
A6 Hgd GBP Monthly 7.27 -0.04 -0.55 7.81 7.10 - LU1408528302 - -
D4 USD Annual 15.21 -0.08 -0.52 15.88 14.18 - LU0827885228 - -
A3 Hgd AUD Monthly 6.05 -0.03 -0.49 6.43 5.81 - LU0575500318 - -
D2 Hgd PLN Accumulating 10.39 -0.05 -0.48 10.90 9.60 - LU0827884684 - -
A2 Hgd CHF Accumulating 7.39 -0.03 -0.40 7.78 6.90 - LU0623004180 - -
Class X5 Hedged GBP Quarterly 9.35 -0.05 -0.53 9.92 8.90 - LU1954752702 - -
E2 Hgd EUR Accumulating 7.16 -0.04 -0.56 7.55 6.70 - LU0474536231 - -
A2 CZK Accumulating 531.98 0.88 0.17 549.55 517.25 - LU1791177113 - -
Class AI2 EUR - 10.07 0.00 0.00 10.23 9.55 - LU1960220587 - -

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