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Fixed Income

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

  • Returns

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

as of Sep 30, 2019

-19.82 18.68 7.34 -14.66 7.24
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 Sep 30, 2019

-19.77 17.06 7.32 -7.40 10.13
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
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Key Facts

Key Facts

Size of Fund (Millions) as of Nov 22, 2019 USD 3,830.817
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 Oct 31, 2019 10.04
5y Volatility - Benchmark as of Sep 30, 2019 10.97
5y Beta as of Oct 31, 2019 1.053

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 Oct 31, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.60
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.89
HUNGARY (REPUBLIC OF) 3 06/26/2024 1.83
RUSSIAN FEDERATION 7.7 03/23/2033 1.77
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.76
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2022 1.72
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.71
MEXICO (UNITED MEXICAN STATES) 10 12/05/2024 1.61
PERU (REPUBLIC OF) 6.95 08/12/2031 1.58
PERU (REPUBLIC OF) 6.35 08/12/2028 1.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 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 8.45 0.00 0.00 8.62 7.70 - LU0358998713 - -
X2 AUD Accumulating 10.69 0.02 0.19 10.82 8.96 - LU1554267051 - -
X2 GBP Accumulating 5.65 0.04 0.71 5.95 5.07 - LU1688375267 - -
D2 USD Accumulating 25.70 -0.02 -0.08 26.21 23.10 - LU0383940458 - -
A2 CHF Accumulating 24.10 0.09 0.37 24.56 21.72 - LU0938162186 - -
I2 EUR Accumulating 23.30 0.06 0.26 23.67 20.39 - LU1559746307 - -
X2 Hgd GBP Accumulating 10.12 0.00 0.00 10.32 9.22 - LU1505939139 - -
I5 EUR Quarterly 8.73 0.02 0.23 8.87 8.02 - LU0995350831 - -
D2 Hgd CHF Accumulating 8.95 -0.01 -0.11 9.16 8.33 - LU1688375184 - -
Class I3 Hedged GBP Monthly 6.87 -0.01 -0.15 7.14 6.62 - LU0995336418 - -
A1 USD Daily 3.85 0.00 0.00 3.97 3.64 - LU0278477574 - -
D2 CHF Accumulating 25.60 0.10 0.39 26.08 22.96 - LU1065150267 - -
I2 GBP - 20.04 0.15 0.75 21.15 18.07 - LU1741217027 - -
A8 Hgd AUD Monthly 6.96 -0.01 -0.14 7.26 6.79 - LU1133072774 - -
A2 Hgd EUR Accumulating 7.65 -0.01 -0.13 7.84 7.13 - LU0359002093 - -
Class AI5 EUR - 10.46 0.03 0.29 10.62 10.27 - LU1960220660 - -
I5 USD Quarterly 9.64 -0.01 -0.10 9.89 9.14 - LU1495982867 - -
Class S3 Hedged GBP - 10.38 0.00 0.00 10.78 10.00 - LU1911699996 - -
C2 USD Accumulating 20.62 -0.01 -0.05 21.05 18.85 - LU0278476923 - -
A3 EUR Monthly 3.52 0.01 0.28 3.59 3.24 - LU0278457469 - -
A1 EUR Daily 3.49 0.01 0.29 3.56 3.21 - LU0278461065 - -
A2 USD Accumulating 24.20 -0.02 -0.08 24.69 21.86 - LU0278470058 - -
D3 Hgd GBP Monthly 6.85 0.00 0.00 7.11 6.59 - LU0995345831 - -
I2 CHF - 25.63 0.10 0.39 26.11 22.95 - LU1781817694 - -
A4 USD Annual 15.53 -0.01 -0.06 16.55 14.73 - LU0548402170 - -
A4 EUR Annual 14.06 0.04 0.29 14.82 13.01 - LU0478974834 - -
D2 Hgd EUR Accumulating 7.82 0.00 0.00 8.00 7.25 - LU0622213642 - -
D2 Hgd GBP Accumulating 14.62 -0.01 -0.07 14.92 13.42 - LU0827885491 - -
A2 Hgd SEK Accumulating 90.91 -0.06 -0.07 93.09 84.62 - LU1715605868 - -
A2 EUR Accumulating 21.92 0.07 0.32 22.27 19.29 - LU0278457204 - -
A3 HKD Monthly 30.41 0.00 0.00 31.29 28.67 - LU0388349754 - -
A6 USD Monthly 8.62 0.00 0.00 8.94 8.33 - LU1408528211 - -
C2 EUR Accumulating 18.67 0.05 0.27 18.99 16.64 - LU0278457972 - -
A6 Hgd SGD Monthly 7.89 0.00 0.00 8.22 7.69 - LU1676225185 - -
D3 EUR Monthly 14.56 0.05 0.34 14.85 13.39 - LU0827884924 - -
Class E5 Hedged EUR Quarterly 6.50 -0.01 -0.15 6.78 6.36 - LU1062843260 - -
D3 USD Monthly 16.07 -0.01 -0.06 16.58 15.18 - LU0523291242 - -
D5 GBP Quarterly 8.90 0.06 0.68 9.53 8.45 - LU1694209807 - -
A3 USD Monthly 3.89 0.00 0.00 4.01 3.67 - LU0278470132 - -
D3 Hgd AUD Monthly 6.49 0.00 0.00 6.72 6.19 - LU0827884841 - -
D4 EUR Annual 14.10 0.04 0.28 14.91 13.04 - LU0827885145 - -
D2 EUR Accumulating 23.27 0.06 0.26 23.64 20.39 - LU0329592702 - -
I2 Hgd EUR Accumulating 8.06 -0.01 -0.12 8.24 7.46 - LU0473186707 - -
C1 USD Daily 3.85 0.00 0.00 3.97 3.64 - LU0278478119 - -
D2 Hgd SGD Accumulating 8.77 0.00 0.00 8.94 7.95 - LU0827884767 - -
I2 USD Accumulating 25.74 -0.01 -0.04 26.25 23.09 - LU0520955575 - -
D2 Hgd PLN Accumulating 10.32 -0.01 -0.10 10.53 9.39 - LU0827884684 - -
E2 EUR Accumulating 20.56 0.06 0.29 20.89 18.19 - LU0278459671 - -
E2 USD Accumulating 22.70 -0.02 -0.09 23.17 20.60 - LU0374975414 - -
D3 HKD Monthly 125.79 -0.01 -0.01 129.46 118.60 - LU0827885061 - -
A6 Hgd GBP Monthly 8.09 -0.01 -0.12 8.52 7.97 - LU1408528302 - -
Class X5 Hedged GBP - 10.04 0.01 0.10 10.36 9.76 - LU1954752702 - -
A3 Hgd AUD Monthly 6.49 0.00 0.00 6.73 6.19 - LU0575500318 - -
X2 USD Accumulating 7.25 -0.01 -0.14 7.40 6.48 - LU0344905624 - -
A2 CZK Accumulating 558.84 0.94 0.17 568.77 499.24 - LU1791177113 - -
Class AI2 EUR - 10.60 0.03 0.28 10.77 9.83 - LU1960220587 - -
D4 USD Annual 15.57 -0.01 -0.06 16.65 14.77 - LU0827885228 - -
A2 Hgd PLN Accumulating 9.96 0.00 0.00 10.16 9.10 - LU0480535052 - -
E2 Hgd EUR Accumulating 7.29 -0.01 -0.14 7.49 6.82 - LU0474536231 - -
A6 Hgd CAD Monthly 8.56 0.00 0.00 8.94 8.36 - LU1408528641 - -
A8 Hgd NZD Monthly 8.66 -0.01 -0.12 9.02 8.43 - LU1408528724 - -
X2 EUR Accumulating 6.57 0.02 0.31 6.67 5.72 - LU0531082021 - -
A6 Hgd HKD Monthly 85.82 -0.04 -0.05 89.42 83.59 - LU1408528484 - -
A2 Hgd CHF Accumulating 7.48 0.00 0.00 7.67 6.99 - LU0623004180 - -

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, 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