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

-10.58 -0.12 6.61 10.41 -14.19
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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Reinvestments

Record Date Ex-Date Payable Date
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of Jun 26, 2019 USD 4,452.451
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Jun 10, 2008
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0358998713
Bloomberg Ticker MLLEEAS
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B43CTD6
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SGD 5000
Minimum Subsequent Investment SGD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of May 31, 2019 9.91
5y Volatility - Benchmark as of May 31, 2019 10.88
5y Beta as of May 31, 2019 1.041

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 31, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.66
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 4.32
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.43
POLAND (REPUBLIC OF) 0 07/25/2020 2.25
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.19
Name Weight (%)
TREASURY NOTE 2.25 03/31/2020 2.12
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.89
MEXICO (UNITED MEXICAN STATES) 8 06/11/2020 1.84
POLAND (REPUBLIC OF) 5.25 10/25/2020 1.83
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.76
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 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
A2 Hgd SGD Accumulating 8.41 -0.01 -0.12 8.42 7.39 - LU0358998713 - -
X2 GBP Accumulating 5.65 0.01 0.18 5.65 4.77 - LU1688375267 - -
D3 Hgd GBP Monthly 6.99 -0.01 -0.14 7.34 6.43 - LU0995345831 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
A1 USD Daily 3.90 0.00 0.00 4.01 3.54 - LU0278477574 - -
X2 Hgd GBP Accumulating 10.08 -0.01 -0.10 10.09 8.85 - LU1505939139 - -
Class S3 Hedged GBP - 10.59 -0.02 -0.19 10.71 10.00 - LU1911699996 - -
X2 AUD Accumulating 10.27 -0.02 -0.19 10.36 8.61 - LU1554267051 - -
I2 EUR Accumulating 22.44 0.05 0.22 22.52 19.00 - LU1559746307 - -
A2 CHF Accumulating 23.48 0.09 0.38 23.74 20.35 - LU0938162186 - -
I5 USD Quarterly 9.67 -0.02 -0.21 10.01 8.89 - LU1495982867 - -
D2 USD Accumulating 25.46 -0.03 -0.12 25.49 22.10 - LU0383940458 - -
Class I3 Hedged GBP Monthly 7.02 0.00 0.00 7.37 6.46 - LU0995336418 - -
I5 EUR Quarterly 8.52 0.02 0.24 8.61 7.64 - LU0995350831 - -
A2 Hgd EUR Accumulating 7.69 -0.01 -0.13 7.80 6.89 - LU0359002093 - -
C2 USD Accumulating 20.57 -0.03 -0.15 20.60 18.11 - LU0278476923 - -
I2 GBP - 20.09 0.05 0.25 20.09 17.03 - LU1741217027 - -
D2 CHF Accumulating 24.88 0.09 0.36 25.13 21.48 - LU1065150267 - -
A2 Hgd SEK Accumulating 91.27 -0.12 -0.13 92.77 81.81 - LU1715605868 - -
A1 EUR Daily 3.43 0.00 0.00 3.45 3.04 - LU0278461065 - -
I2 CHF - 24.90 0.09 0.36 25.14 21.47 - LU1781817694 - -
A3 EUR Monthly 3.46 0.00 0.00 3.48 3.06 - LU0278457469 - -
D2 Hgd CHF Accumulating 8.99 -0.01 -0.11 9.09 8.05 - LU1688375184 - -
D3 USD Monthly 16.27 -0.02 -0.12 16.77 14.72 - LU0523291242 - -
A6 Hgd SGD Monthly 8.08 -0.01 -0.12 8.63 7.54 - LU1676225185 - -
A2 USD Accumulating 24.02 -0.03 -0.12 24.05 20.93 - LU0278470058 - -
D3 EUR Monthly 14.33 0.03 0.21 14.38 12.66 - LU0827884924 - -
A3 HKD Monthly 30.70 -0.05 -0.16 31.80 27.93 - LU0388349754 - -
A8 Hgd AUD Monthly 7.14 -0.01 -0.14 7.62 6.65 - LU1133072774 - -
D2 Hgd EUR Accumulating 7.84 -0.01 -0.13 7.91 6.99 - LU0622213642 - -
A6 USD Monthly 8.80 -0.01 -0.11 9.31 8.14 - LU1408528211 - -
A3 USD Monthly 3.93 -0.01 -0.25 4.05 3.56 - LU0278470132 - -
D3 Hgd AUD Monthly 6.61 0.00 0.00 6.88 6.02 - LU0827884841 - -
D5 GBP Quarterly 9.05 0.02 0.22 9.12 8.10 - LU1694209807 - -
D2 Hgd GBP Accumulating 14.61 -0.01 -0.07 14.62 12.90 - LU0827885491 - -
A4 USD Annual 16.19 -0.02 -0.12 16.99 14.11 - LU0548402170 - -
C1 USD Daily 3.90 0.00 0.00 4.01 3.53 - LU0278478119 - -
D4 EUR Annual 14.34 0.03 0.21 14.63 12.15 - LU0827885145 - -
C2 EUR Accumulating 18.12 0.04 0.22 18.19 15.58 - LU0278457972 - -
A6 Hgd GBP Monthly 8.34 -0.01 -0.12 9.00 7.85 - LU1408528302 - -
A4 EUR Annual 14.26 0.03 0.21 14.53 12.14 - LU0478974834 - -
Class E5 Hedged EUR Quarterly 6.62 -0.01 -0.15 7.06 6.23 - LU1062843260 - -
E2 USD Accumulating 22.58 -0.03 -0.13 22.61 19.76 - LU0374975414 - -
I2 USD Accumulating 25.47 -0.04 -0.16 25.51 22.08 - LU0520955575 - -
E2 EUR Accumulating 19.89 0.05 0.25 19.96 17.00 - LU0278459671 - -
A2 EUR Accumulating 21.16 0.05 0.24 21.23 18.01 - LU0278457204 - -
I2 Hgd EUR Accumulating 8.08 -0.01 -0.12 8.14 7.19 - LU0473186707 - -
D3 HKD Monthly 127.04 -0.18 -0.14 131.60 115.55 - LU0827885061 - -
D2 EUR Accumulating 22.42 0.05 0.22 22.50 19.01 - LU0329592702 - -
D2 Hgd PLN Accumulating 10.27 -0.01 -0.10 10.28 9.01 - LU0827884684 - -
D2 Hgd SGD Accumulating 8.71 -0.01 -0.11 8.72 7.62 - LU0827884767 - -
Class X5 Hedged GBP - 10.14 -0.01 -0.10 10.15 9.76 - LU1954752702 - -
X2 USD Accumulating 7.17 0.00 0.00 7.17 6.19 - LU0344905624 - -
D4 USD Annual 16.28 -0.02 -0.12 17.10 14.13 - LU0827885228 - -
E2 Hgd EUR Accumulating 7.34 -0.01 -0.14 7.47 6.60 - LU0474536231 - -
A2 CZK Accumulating 538.43 -0.70 -0.13 543.66 463.69 - LU1791177113 - -
A2 Hgd PLN Accumulating 9.93 -0.01 -0.10 9.94 8.75 - LU0480535052 - -
Class AI2 EUR - 10.23 0.02 0.20 10.27 9.83 - LU1960220587 - -
A2 Hgd CHF Accumulating 7.52 -0.01 -0.13 7.64 6.76 - LU0623004180 - -
A6 Hgd HKD Monthly 87.78 -0.12 -0.14 93.80 81.97 - LU1408528484 - -
A8 Hgd NZD Monthly 8.87 -0.01 -0.11 9.46 8.26 - LU1408528724 - -
X2 EUR Accumulating 6.31 0.01 0.16 6.33 5.32 - LU0531082021 - -
A3 Hgd AUD Monthly 6.61 -0.01 -0.15 6.88 6.02 - LU0575500318 - -
A6 Hgd CAD Monthly 8.77 -0.01 -0.11 9.37 8.20 - LU1408528641 - -

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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