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.
Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Distributions

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

as of Dec 31, 2021

- - - 1.30 -7.49
  1Y 3Y 5Y 10y Incept.
-7.49 - - - -
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-7.49 1.25 -1.73 -7.49 - - - -
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 Jan 26, 2022 USD 2,196.766
12m Trailing Yield as of Dec 31, 2021 5.94
Number of Holdings as of Dec 31, 2021 168
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Mar 6, 2019
Asset Class Fixed Income
Morningstar Category -
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.09%
ISIN LU1954752702
Bloomberg Ticker BEMX5GH
Annual Management Fee -
Initial Charge -
Performance Fee -
SEDOL BJJCRD1
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 10000000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage 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. MSCI Ratings are currently unavailable for this fund.

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

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Dec 31, 2021
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.73
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 2.62
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.20
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.03
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.90
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.66
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.66
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.65
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.63
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.49
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2021

% of Market Value

Type Fund
as of Dec 31, 2021

% of Market Value

Type Fund
as of Dec 31, 2021

% of Market Value

Type Fund
Allocations subject to change.
as of Dec 31, 2021

% of Market Value

Type Fund
as of Dec 31, 2021

% of Market Value

Type Fund
as of Dec 31, 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
Class X5 Hedged GBP Quarterly 8.56 0.03 0.35 9.80 8.46 - LU1954752702 - -
D2 USD Accumulating 25.22 0.08 0.32 27.41 24.65 - LU0383940458 - -
I5 EUR Quarterly 7.48 0.01 0.13 7.95 7.39 - LU0995350831 - -
A2 Hgd SGD Accumulating 8.09 0.02 0.25 8.85 7.92 - LU0358998713 - -
A1 USD Monthly 3.40 0.01 0.29 3.87 3.35 - LU0278477574 - -
A2 Hgd EUR Accumulating 7.16 0.03 0.42 7.90 7.01 - LU0359002093 - -
X2 Hgd GBP Accumulating 9.82 0.03 0.31 10.64 9.59 - LU1505939139 - -
X2 GBP Accumulating 5.35 0.01 0.19 5.65 5.25 - LU1688375267 - -
Class AI5 EUR Quarterly 8.97 0.02 0.22 9.53 8.85 - LU1960220660 - -
A8 Hgd AUD Monthly 5.86 0.02 0.34 6.72 5.78 - LU1133072774 - -
D3 Hgd GBP Monthly 5.89 0.02 0.34 6.71 5.81 - LU0995345831 - -
Class I3 Hedged GBP Monthly 5.90 0.02 0.34 6.74 5.83 - LU0995336418 - -
D2 CHF Accumulating 23.20 0.12 0.52 24.48 22.81 - LU1065150267 - -
I5 USD Quarterly 8.44 0.02 0.24 9.64 8.35 - LU1495982867 - -
I2 EUR Accumulating 22.45 0.05 0.22 22.68 21.69 - LU1559746307 - -
D2 Hgd CHF Accumulating 8.43 0.02 0.24 9.29 8.26 - LU1688375184 - -
Class S3 Hedged GBP Monthly 8.93 0.03 0.34 10.18 8.80 - LU1911699996 - -
X2 AUD Accumulating 10.08 -0.02 -0.20 10.36 9.50 - LU1554267051 - -
C2 USD Accumulating 19.48 0.06 0.31 21.52 19.10 - LU0278476923 - -
I2 GBP - 18.77 0.02 0.11 19.92 18.50 - LU1741217027 - -
I2 CHF - 23.31 0.13 0.56 24.58 22.91 - LU1781817694 - -
A1 EUR Monthly 3.01 0.01 0.33 3.19 2.96 - LU0278461065 - -
A2 USD Accumulating 23.49 0.07 0.30 25.65 22.98 - LU0278470058 - -
A3 HKD Monthly 26.67 0.08 0.30 30.21 26.34 - LU0388349754 - -
A2 Hgd SEK Accumulating 85.19 0.27 0.32 93.90 83.49 - LU1715605868 - -
D2 Hgd EUR Accumulating 7.39 0.02 0.27 8.12 7.24 - LU0622213642 - -
A3 EUR Monthly 3.04 0.01 0.33 3.21 2.99 - LU0278457469 - -
A4 USD Annual 13.78 0.04 0.29 15.71 13.48 - LU0548402170 - -
A2 EUR Accumulating 20.82 0.05 0.24 21.15 20.21 - LU0278457204 - -
A4 EUR Annual 12.21 0.02 0.16 12.95 11.94 - LU0478974834 - -
Class E5 Hedged EUR Quarterly 5.49 0.02 0.37 6.34 5.44 - LU1062843260 - -
A6 Hgd SGD Monthly 6.59 0.02 0.30 7.61 6.51 - LU1676225185 - -
A3 USD Monthly 3.43 0.01 0.29 3.90 3.38 - LU0278470132 - -
D3 EUR Monthly 12.56 0.03 0.24 13.29 12.35 - LU0827884924 - -
D3 USD Monthly 14.17 0.04 0.28 16.12 13.97 - LU0523291242 - -
D5 GBP Quarterly 7.42 0.01 0.13 8.28 7.31 - LU1694209807 - -
A6 USD Monthly 7.29 0.02 0.28 8.41 7.21 - LU1408528211 - -
C1 USD Monthly 3.39 0.01 0.30 3.87 3.35 - LU0278478119 - -
D2 Hgd GBP Accumulating 13.99 0.04 0.29 15.25 13.68 - LU0827885491 - -
C2 EUR Accumulating 17.26 0.04 0.23 17.75 16.91 - LU0278457972 - -
I2 Hgd EUR Accumulating 7.65 0.03 0.39 8.39 7.48 - LU0473186707 - -
D2 EUR Accumulating 22.35 0.05 0.22 22.61 21.61 - LU0329592702 - -
D3 Hgd AUD Monthly 5.57 0.02 0.36 6.37 5.50 - LU0827884841 - -
E2 USD Accumulating 21.80 0.07 0.32 23.91 21.34 - LU0374975414 - -
I2 USD Accumulating 25.34 0.08 0.32 27.50 24.76 - LU0520955575 - -
D4 EUR Annual 12.25 0.02 0.16 13.00 11.97 - LU0827885145 - -
D2 Hgd SGD Accumulating 8.49 0.02 0.24 9.24 8.30 - LU0827884767 - -
D3 HKD Monthly 110.34 0.33 0.30 124.96 108.98 - LU0827885061 - -
E2 EUR Accumulating 19.32 0.05 0.26 19.72 18.83 - LU0278459671 - -
Class AI2 EUR - 10.07 0.03 0.30 10.23 9.77 - LU1960220587 - -
A8 Hgd NZD Monthly 7.32 0.03 0.41 8.37 7.22 - LU1408528724 - -
D4 USD Annual 13.83 0.05 0.36 15.76 13.52 - LU0827885228 - -
X2 EUR Accumulating 6.40 0.02 0.31 6.43 6.16 - LU0531082021 - -
A2 Hgd PLN Accumulating 9.45 0.03 0.32 10.37 9.22 - LU0480535052 - -
A2 Hgd CHF Accumulating 6.97 0.02 0.29 7.71 6.83 - LU0623004180 - -
A6 Hgd GBP Monthly 6.66 0.02 0.30 7.71 6.59 - LU1408528302 - -
A6 Hgd HKD Monthly 72.39 0.22 0.30 83.66 71.58 - LU1408528484 - -
A2 CZK Accumulating 509.35 -0.24 -0.05 547.13 502.33 - LU1791177113 - -
A6 Hgd CAD Monthly 7.12 0.02 0.28 8.22 7.04 - LU1408528641 - -
E2 Hgd EUR Accumulating 6.74 0.02 0.30 7.48 6.61 - LU0474536231 - -
D2 Hgd PLN Accumulating 9.90 0.04 0.41 10.81 9.65 - LU0827884684 - -
A3 Hgd AUD Monthly 5.57 0.01 0.18 6.37 5.50 - LU0575500318 - -
X2 USD Accumulating 7.22 0.02 0.28 7.80 7.05 - LU0344905624 - -

Portfolio Managers

Portfolio Managers

Amer Bisat
Amer Bisat
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