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BGF Emerging Markets Local Currency Bond Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

  From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Jun 30, 2020

3.21 7.93 -7.10 4.95 -5.67
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 Jun 30, 2020

1.99 6.41 -2.33 8.99 -2.82
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
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Key Facts

Key Facts

Size of Fund (Millions) as of Sep 30, 2020 USD 2,290.402
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Jun 26, 1997
Asset Class -
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 Aug 31, 2020 12.11
5y Volatility - Benchmark as of Aug 31, 2020 11.89
5y Beta as of Aug 31, 2020 1.130

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 Aug 31, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.36
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.90
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.30
PERU (REPUBLIC OF) 6.95 08/12/2031 2.07
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.99
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.93
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.90
HUNGARY (REPUBLIC OF) 3 08/21/2030 1.84
CZECH REPUBLIC 2 10/13/2033 1.82
PERU (REPUBLIC OF) 6.35 08/12/2028 1.76
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% 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 3.54 -0.01 -0.28 3.97 3.09 - LU0278477574 - -
X2 Hgd GBP Accumulating 9.58 -0.01 -0.10 10.50 8.17 - LU1505939139 - -
Class I3 Hedged GBP Monthly 6.18 -0.03 -0.48 7.06 5.44 - LU0995336418 - -
D3 Hgd GBP Monthly 6.16 -0.02 -0.32 7.04 5.42 - LU0995345831 - -
A2 CHF Accumulating 21.38 0.07 0.33 24.56 19.35 - LU0938162186 - -
I5 USD Quarterly 8.78 0.00 0.00 9.88 7.63 - LU1495982867 - -
D2 CHF Accumulating 22.81 0.08 0.35 26.08 20.58 - LU1065150267 - -
A2 Hgd SGD Accumulating 7.99 -0.01 -0.13 8.76 6.83 - LU0358998713 - -
A1 EUR Daily 3.03 0.01 0.33 3.62 2.86 - LU0278461065 - -
A2 Hgd EUR Accumulating 7.16 0.00 0.00 7.91 6.16 - LU0359002093 - -
Class S3 Hedged GBP - 9.33 -0.04 -0.43 10.67 8.21 - LU1911699996 - -
A8 Hgd AUD Monthly 6.18 -0.03 -0.48 7.15 5.49 - LU1133072774 - -
D2 USD Accumulating 24.69 -0.01 -0.04 26.70 20.97 - LU0383940458 - -
Class AI5 EUR - 9.00 0.02 0.22 10.84 8.47 - LU1960220660 - -
I2 GBP - 19.25 -0.01 -0.05 20.87 17.54 - LU1741217027 - -
I5 EUR Quarterly 7.51 0.02 0.27 9.05 7.07 - LU0995350831 - -
D2 Hgd CHF Accumulating 8.41 0.00 0.00 9.25 7.21 - LU1688375184 - -
X2 GBP Accumulating 5.45 0.00 0.00 5.88 4.95 - LU1688375267 - -
X2 AUD Accumulating 9.81 -0.03 -0.30 11.22 9.75 - LU1554267051 - -
I2 EUR Accumulating 21.16 0.04 0.19 24.48 19.45 - LU1559746307 - -
C2 USD Accumulating 19.51 -0.01 -0.05 21.37 16.73 - LU0278476923 - -
A4 USD Annual 14.17 -0.01 -0.07 16.12 12.65 - LU0548402170 - -
A3 EUR Monthly 3.05 0.00 0.00 3.64 2.88 - LU0278457469 - -
I2 CHF - 22.87 0.08 0.35 26.11 20.62 - LU1781817694 - -
D2 Hgd EUR Accumulating 7.34 -0.01 -0.14 8.09 6.30 - LU0622213642 - -
A4 EUR Annual 12.12 0.03 0.25 14.75 11.71 - LU0478974834 - -
A3 USD Monthly 3.56 -0.02 -0.56 4.00 3.11 - LU0278470132 - -
Class E5 Hedged EUR Quarterly 5.80 -0.01 -0.17 6.65 5.09 - LU1062843260 - -
A2 USD Accumulating 23.14 -0.02 -0.09 25.12 19.72 - LU0278470058 - -
A2 Hgd SEK Accumulating 85.04 -0.05 -0.06 94.00 73.09 - LU1715605868 - -
D5 GBP Quarterly 8.10 0.00 0.00 9.28 7.56 - LU1694209807 - -
A3 HKD Monthly 27.62 -0.11 -0.40 31.17 24.14 - LU0388349754 - -
D3 USD Monthly 14.74 -0.06 -0.41 16.55 12.88 - LU0523291242 - -
D3 EUR Monthly 12.60 -0.03 -0.24 15.07 11.92 - LU0827884924 - -
A6 Hgd SGD Monthly 7.02 -0.04 -0.57 8.11 6.25 - LU1676225185 - -
A6 USD Monthly 7.75 -0.05 -0.64 8.86 6.87 - LU1408528211 - -
A2 EUR Accumulating 19.79 0.04 0.20 22.99 18.26 - LU0278457204 - -
D3 Hgd AUD Monthly 5.83 -0.03 -0.51 6.67 5.13 - LU0827884841 - -
C2 EUR Accumulating 16.68 0.03 0.18 19.53 15.49 - LU0278457972 - -
D2 EUR Accumulating 21.11 0.05 0.24 24.44 19.42 - LU0329592702 - -
D2 Hgd GBP Accumulating 13.77 -0.01 -0.07 15.15 11.78 - LU0827885491 - -
I2 USD Accumulating 24.75 -0.01 -0.04 26.74 21.01 - LU0520955575 - -
I2 Hgd EUR Accumulating 7.58 -0.01 -0.13 8.34 6.50 - LU0473186707 - -
C1 USD Daily 3.54 0.00 0.00 3.97 3.08 - LU0278478119 - -
E2 EUR Accumulating 18.48 0.03 0.16 21.54 17.09 - LU0278459671 - -
D4 EUR Annual 12.14 0.03 0.25 14.80 11.76 - LU0827885145 - -
A6 Hgd GBP Monthly 7.12 -0.05 -0.70 8.30 6.37 - LU1408528302 - -
D2 Hgd PLN Accumulating 9.76 0.00 0.00 10.71 8.34 - LU0827884684 - -
D3 HKD Monthly 114.23 -0.51 -0.44 128.96 99.87 - LU0827885061 - -
D2 Hgd SGD Accumulating 8.33 -0.01 -0.12 9.10 7.10 - LU0827884767 - -
E2 USD Accumulating 21.62 -0.01 -0.05 23.55 18.46 - LU0374975414 - -
A8 Hgd NZD Monthly 7.70 -0.04 -0.52 8.90 6.84 - LU1408528724 - -
A2 Hgd PLN Accumulating 9.37 -0.01 -0.11 10.33 8.04 - LU0480535052 - -
E2 Hgd EUR Accumulating 6.79 0.00 0.00 7.53 5.85 - LU0474536231 - -
Class X5 Hedged GBP - 8.95 0.02 0.22 10.25 7.83 - LU1954752702 - -
X2 EUR Accumulating 5.99 0.01 0.17 6.91 5.49 - LU0531082021 - -
D4 USD Annual 14.20 0.00 0.00 16.17 12.70 - LU0827885228 - -
A6 Hgd HKD Monthly 77.08 -0.49 -0.63 88.22 68.40 - LU1408528484 - -
Class AI2 EUR - 9.57 0.02 0.21 11.11 8.83 - LU1960220587 - -
A2 Hgd CHF Accumulating 6.99 0.00 0.00 7.72 6.01 - LU0623004180 - -
A3 Hgd AUD Monthly 5.83 -0.03 -0.51 6.67 5.13 - LU0575500318 - -
A2 CZK Accumulating 536.61 0.78 0.15 573.35 507.04 - LU1791177113 - -
A6 Hgd CAD Monthly 7.59 -0.05 -0.65 8.79 6.78 - LU1408528641 - -
X2 USD Accumulating 7.01 0.00 0.00 7.54 5.93 - LU0344905624 - -

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