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-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
From
30-Jun-2021
To
30-Jun-2022
Total Return (%)

as of Jun 30, 2022

- - -4.21 2.74 -7.26
  1Y 3Y 5Y 10y Incept.
-2.75 -2.58 - - -0.53
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-2.73 4.18 3.03 -2.75 -7.53 - - -1.77
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 Aug 11, 2022 USD 1,482.887
12m Trailing Yield as of Jul 31, 2022 4.91
Number of Holdings as of Jul 29, 2022 176
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Mar 27, 2019
Asset Class Fixed Income
Morningstar Category -
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.27%
ISIN LU1960220660
Bloomberg Ticker BGFEAI5
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BHL2TC8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 25000
Minimum Subsequent Investment EUR 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

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jul 29, 2022
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 3.44
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 2.54
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.21
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 1.94
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.91
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.72
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.71
MEXICO (UNITED MEXICAN STATES) (GO 5.75 03/05/2026 1.70
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.45
SOUTH AFRICA (REPUBLIC OF) 8.75 02/28/2048 1.35
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jul 29, 2022

% of Market Value

Type Fund
as of Jul 29, 2022

% of Market Value

Type Fund
as of Jul 29, 2022

% of Market Value

Type Fund
Allocations subject to change.
as of Jul 29, 2022

% of Market Value

Type Fund
as of Jul 29, 2022

% of Market Value

Type Fund
as of Jul 29, 2022

% 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

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class AI5 EUR Quarterly 8.68 0.05 0.58 9.26 8.05 - LU1960220660 - -
D2 CHF Accumulating 21.59 0.11 0.51 24.40 20.60 - LU1065150267 - -
D2 Hgd CHF Accumulating 7.60 0.07 0.93 8.96 6.96 - LU1688375184 - -
A2 Hgd SGD Accumulating 7.34 0.07 0.96 8.57 6.71 - LU0358998713 - -
Class I3 Hedged GBP Monthly 5.17 0.04 0.78 6.36 4.76 - LU0995336418 - -
D2 USD Accumulating 23.02 0.21 0.92 26.64 21.03 - LU0383940458 - -
C2 USD Accumulating 17.61 0.16 0.92 20.72 16.11 - LU0278476923 - -
I2 EUR Accumulating 22.35 0.13 0.59 22.83 20.55 - LU1559746307 - -
A8 Hgd AUD Monthly 5.09 0.04 0.79 6.33 4.69 - LU1133072774 - -
A2 Hgd EUR Accumulating 6.41 0.06 0.94 7.61 5.87 - LU0359002093 - -
X2 Hgd GBP Accumulating 8.93 0.08 0.90 10.36 8.16 - LU1505939139 - -
X2 AUD Accumulating 9.28 0.00 0.00 10.36 8.80 - LU1554267051 - -
X2 GBP Accumulating 5.40 0.04 0.75 5.51 4.93 - LU1688375267 - -
A1 EUR Monthly 2.91 0.02 0.69 3.09 2.71 - LU0278461065 - -
A3 HKD Monthly 23.81 0.22 0.93 28.64 21.87 - LU0388349754 - -
D2 Hgd EUR Accumulating 6.64 0.06 0.91 7.85 6.08 - LU0622213642 - -
I2 CHF - 21.70 0.10 0.46 24.50 20.71 - LU1781817694 - -
A3 EUR Monthly 2.93 0.02 0.69 3.11 2.73 - LU0278457469 - -
A2 Hgd SEK Accumulating 76.24 0.69 0.91 90.59 69.90 - LU1715605868 - -
A4 USD Annual 12.55 0.12 0.97 15.06 11.46 - LU0548402170 - -
A4 EUR Annual 12.11 0.07 0.58 12.77 11.16 - LU0478974834 - -
A2 CHF Accumulating 20.05 0.10 0.50 22.77 19.14 - LU0938162186 - -
Class E5 Hedged EUR Quarterly 4.80 0.04 0.84 5.98 4.40 - LU1062843260 - -
A6 Hgd SGD Monthly 5.73 0.05 0.88 7.12 5.27 - LU1676225185 - -
A6 USD Monthly 6.37 0.06 0.95 7.88 5.86 - LU1408528211 - -
D5 GBP Quarterly 7.27 0.06 0.83 7.87 6.83 - LU1694209807 - -
A2 USD Accumulating 21.38 0.20 0.94 24.86 19.54 - LU0278470058 - -
D3 Hgd AUD Monthly 4.90 0.05 1.03 6.00 4.51 - LU0827884841 - -
D2 EUR Accumulating 22.23 0.13 0.59 22.72 20.45 - LU0329592702 - -
D2 Hgd GBP Accumulating 12.68 0.12 0.96 14.80 11.60 - LU0827885491 - -
I2 Hgd EUR Accumulating 6.88 0.07 1.03 8.11 6.29 - LU0473186707 - -
D4 EUR Annual 12.18 0.07 0.58 12.85 11.21 - LU0827885145 - -
C1 USD Monthly 3.01 0.03 1.01 3.66 2.76 - LU0278478119 - -
I2 USD Accumulating 23.15 0.22 0.96 26.75 21.14 - LU0520955575 - -
D2 Hgd SGD Accumulating 7.72 0.07 0.92 8.98 7.06 - LU0827884767 - -
E2 USD Accumulating 19.79 0.19 0.97 23.12 18.08 - LU0374975414 - -
C2 EUR Accumulating 17.00 0.10 0.59 17.53 15.71 - LU0278457972 - -
A2 EUR Accumulating 20.64 0.12 0.58 21.15 19.02 - LU0278457204 - -
I2 GBP - 18.91 0.15 0.80 19.39 17.31 - LU1741217027 - -
I5 USD Quarterly 7.50 0.07 0.94 9.16 6.85 - LU1495982867 - -
I5 EUR Quarterly 7.24 0.04 0.56 7.74 6.71 - LU0995350831 - -
A1 USD Monthly 3.01 0.02 0.67 3.66 2.76 - LU0278477574 - -
Class S3 Hedged GBP Monthly 7.85 0.08 1.03 9.61 7.21 - LU1911699996 - -
D3 Hgd GBP Monthly 5.18 0.05 0.97 6.34 4.76 - LU0995345831 - -
D3 USD Monthly 12.55 0.11 0.88 15.23 11.52 - LU0523291242 - -
D3 EUR Monthly 12.12 0.07 0.58 12.86 11.30 - LU0827884924 - -
A3 USD Monthly 3.03 0.02 0.66 3.68 2.79 - LU0278470132 - -
E2 EUR Accumulating 19.10 0.11 0.58 19.62 17.62 - LU0278459671 - -
D2 Hgd PLN Accumulating 9.10 0.08 0.89 10.45 8.29 - LU0827884684 - -
X2 USD Accumulating 6.61 0.06 0.92 7.61 6.04 - LU0344905624 - -
A6 Hgd HKD Monthly 62.93 0.58 0.93 78.28 57.93 - LU1408528484 - -
A6 Hgd CAD Monthly 6.20 0.05 0.81 7.70 5.71 - LU1408528641 - -
Class AI2 EUR - 9.98 0.06 0.60 10.23 9.20 - LU1960220587 - -
A2 Hgd CHF Accumulating 6.26 0.05 0.81 7.41 5.74 - LU0623004180 - -
Class X5 Hedged GBP Quarterly 7.55 0.07 0.94 9.31 6.90 - LU1954752702 - -
A3 Hgd AUD Monthly 4.90 0.04 0.82 6.01 4.51 - LU0575500318 - -
A2 CZK Accumulating 502.57 2.16 0.43 534.05 473.17 - LU1791177113 - -
D3 HKD Monthly 98.47 0.89 0.91 118.44 90.45 - LU0827885061 - -
A8 Hgd NZD Monthly 6.39 0.06 0.95 7.89 5.88 - LU1408528724 - -
A6 Hgd GBP Monthly 5.78 0.06 1.05 7.21 5.32 - LU1408528302 - -
X2 EUR Accumulating 6.39 0.04 0.63 6.51 5.86 - LU0531082021 - -
D4 USD Annual 12.62 0.12 0.96 15.15 11.53 - LU0827885228 - -
A2 Hgd PLN Accumulating 8.66 0.08 0.93 10.00 7.90 - LU0480535052 - -
E2 Hgd EUR Accumulating 6.03 0.06 1.01 7.19 5.52 - LU0474536231 - -

Listings

Portfolio Managers

Portfolio Managers

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.

Amer Bisat
Managing Director, Head of Emerging Markets Fixed Income

Amer Bisat, PhD., Managing Director, is Head of Emerging Markets Fixed Income and a member of the Fundamental-GFI Executive Committee.

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