Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015
From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Mar 31, 2019

-10.31 -0.26 7.25 11.57 -13.06
Benchmark (%) Index: JP Morgan GBI-EM Global Diversified Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Mar 31, 2019

-11.14 -1.65 5.47 12.99 -7.58
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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of May 21, 2019 USD 4,390.840
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Jun 26, 1997
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0278477574
Bloomberg Ticker MLLEUA1
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PGSS3
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Apr 30, 2019 10.46
5y Volatility - Benchmark as of Apr 30, 2019 10.92
5y Beta as of Apr 30, 2019 1.044

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 Apr 30, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.20
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 3.94
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.23
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.03
TREASURY NOTE 2.25 03/31/2020 1.97
Name Weight (%)
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.81
MEXICO (UNITED MEXICAN STATES) 8 06/11/2020 1.76
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.68
INDONESIA (REPUBLIC OF) 8.375 03/15/2024 1.68
CZECH REPUBLIC 0.95 05/15/2030 1.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
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
A1 USD Daily 3.71 -0.01 -0.27 4.13 3.54 - LU0278477574 - -
I5 USD Quarterly 9.28 -0.02 -0.22 10.36 8.89 - LU1495982867 - -
Class S3 Hedged GBP - 10.10 -0.02 -0.20 10.71 10.00 - LU1911699996 - -
I2 EUR Accumulating 21.65 -0.01 -0.05 22.09 19.00 - LU1559746307 - -
A2 Hgd SGD Accumulating 7.98 -0.01 -0.13 8.52 7.39 - LU0358998713 - -
X2 GBP Accumulating 5.33 -0.01 -0.19 5.44 4.77 - LU1688375267 - -
Class I3 Hedged GBP Monthly 6.69 -0.01 -0.15 7.61 6.46 - LU0995336418 - -
I2 GBP - 18.96 -0.04 -0.21 19.37 17.03 - LU1741217027 - -
X2 AUD Accumulating 9.88 0.05 0.51 9.90 8.61 - LU1554267051 - -
C2 USD Accumulating 19.53 -0.04 -0.20 20.87 18.11 - LU0278476923 - -
A2 CHF Accumulating 23.03 0.01 0.04 23.91 20.35 - LU0938162186 - -
D2 CHF Accumulating 24.40 0.01 0.04 25.20 21.48 - LU1065150267 - -
X2 Hgd GBP Accumulating 9.56 -0.02 -0.21 10.19 8.85 - LU1505939139 - -
D3 Hgd GBP Monthly 6.66 -0.02 -0.30 7.58 6.43 - LU0995345831 - -
D2 Hgd CHF Accumulating 8.55 -0.02 -0.23 9.30 8.05 - LU1688375184 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
I5 EUR Quarterly 8.32 -0.01 -0.12 8.91 7.64 - LU0995350831 - -
D2 USD Accumulating 24.13 -0.04 -0.17 25.34 22.10 - LU0383940458 - -
A8 Hgd AUD Monthly 6.82 -0.01 -0.15 7.86 6.65 - LU1133072774 - -
A1 EUR Daily 3.33 0.00 0.00 3.55 3.04 - LU0278461065 - -
A2 EUR Accumulating 20.42 -0.02 -0.10 20.86 18.01 - LU0278457204 - -
I2 CHF - 24.41 0.01 0.04 25.17 21.47 - LU1781817694 - -
A4 USD Annual 15.35 -0.03 -0.20 17.30 14.11 - LU0548402170 - -
A2 Hgd EUR Accumulating 7.31 -0.02 -0.27 7.99 6.89 - LU0359002093 - -
A6 Hgd SGD Monthly 7.71 -0.02 -0.26 8.91 7.54 - LU1676225185 - -
A3 USD Monthly 3.74 -0.01 -0.27 4.17 3.56 - LU0278470132 - -
A4 EUR Annual 13.77 -0.01 -0.07 14.88 12.14 - LU0478974834 - -
D2 Hgd EUR Accumulating 7.45 -0.02 -0.27 8.10 6.99 - LU0622213642 - -
A3 HKD Monthly 29.37 -0.06 -0.20 32.69 27.93 - LU0388349754 - -
A2 USD Accumulating 22.78 -0.04 -0.18 24.04 20.93 - LU0278470058 - -
Class E5 Hedged EUR Quarterly 6.36 -0.01 -0.16 7.34 6.23 - LU1062843260 - -
D3 USD Monthly 15.48 -0.03 -0.19 17.23 14.72 - LU0523291242 - -
C2 EUR Accumulating 17.51 -0.02 -0.11 17.95 15.58 - LU0278457972 - -
D2 Hgd GBP Accumulating 13.87 -0.03 -0.22 14.88 12.90 - LU0827885491 - -
D2 EUR Accumulating 21.63 -0.02 -0.09 22.08 19.01 - LU0329592702 - -
A3 EUR Monthly 3.36 0.00 0.00 3.58 3.06 - LU0278457469 - -
D3 Hgd AUD Monthly 6.29 -0.01 -0.16 7.07 6.02 - LU0827884841 - -
A2 Hgd SEK Accumulating 86.83 -0.18 -0.21 95.03 81.81 - LU1715605868 - -
D3 EUR Monthly 13.88 -0.01 -0.07 14.83 12.66 - LU0827884924 - -
A6 USD Monthly 8.40 -0.01 -0.12 9.60 8.14 - LU1408528211 - -
C1 USD Daily 3.71 -0.01 -0.27 4.12 3.53 - LU0278478119 - -
D5 GBP Quarterly 8.65 -0.01 -0.12 9.23 8.10 - LU1694209807 - -
I2 Hgd EUR Accumulating 7.68 -0.02 -0.26 8.33 7.19 - LU0473186707 - -
D4 EUR Annual 13.83 -0.01 -0.07 14.97 12.15 - LU0827885145 - -
I2 USD Accumulating 24.14 -0.04 -0.17 25.31 22.08 - LU0520955575 - -
D2 Hgd SGD Accumulating 8.26 -0.02 -0.24 8.77 7.62 - LU0827884767 - -
D3 HKD Monthly 121.51 -0.23 -0.19 135.27 115.55 - LU0827885061 - -
E2 USD Accumulating 21.42 -0.04 -0.19 22.72 19.76 - LU0374975414 - -
E2 EUR Accumulating 19.21 -0.01 -0.05 19.62 17.00 - LU0278459671 - -
A6 Hgd GBP Monthly 7.97 -0.02 -0.25 9.31 7.85 - LU1408528302 - -
D2 Hgd PLN Accumulating 9.74 -0.02 -0.20 10.38 9.01 - LU0827884684 - -
A8 Hgd NZD Monthly 8.47 -0.02 -0.24 9.76 8.26 - LU1408528724 - -
Class X5 Hedged GBP - 9.78 0.00 0.00 10.12 9.78 - LU1954752702 - -
A6 Hgd HKD Monthly 83.84 -0.16 -0.19 96.92 81.97 - LU1408528484 - -
Class AI2 EUR - 9.87 -0.01 -0.10 10.08 9.83 - LU1960220587 - -
D4 USD Annual 15.43 -0.03 -0.19 17.40 14.13 - LU0827885228 - -
X2 EUR Accumulating 6.09 0.00 0.00 6.21 5.32 - LU0531082021 - -
A6 Hgd CAD Monthly 8.38 -0.02 -0.24 9.69 8.20 - LU1408528641 - -
A2 Hgd PLN Accumulating 9.42 -0.02 -0.21 10.09 8.75 - LU0480535052 - -
A2 Hgd CHF Accumulating 7.16 -0.02 -0.28 7.83 6.76 - LU0623004180 - -
E2 Hgd EUR Accumulating 6.99 -0.01 -0.14 7.67 6.60 - LU0474536231 - -
X2 USD Accumulating 6.79 -0.01 -0.15 7.08 6.19 - LU0344905624 - -
A3 Hgd AUD Monthly 6.29 -0.02 -0.32 7.07 6.02 - LU0575500318 - -
A2 CZK Accumulating 526.74 0.01 0.00 535.81 463.69 - LU1791177113 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Head of BlackRock Emerging Markets Fixed Income
Laurent Develay
Director, Emerging Markets Debt team within BlackRock's Portfolio Management Group

Laurent Develay

Michal Wozniak
Director, Emerging Markets Debt team within BlackRock Fundamental Fixed Income

Michal Wozniak

Literature

Literature

 

 

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