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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

-9.55 18.59 2.57 -11.84 14.92
Benchmark (%) Index: JP Morgan GBI-EM Global Diversified Index - in EUR<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

-9.20 16.27 2.02 -5.75 17.34
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 Oct 18, 2019 USD 3,855.615
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Feb 2, 2007
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index JP Morgan GBI-EM Global Diversified Index - in EUR
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0278461065
Bloomberg Ticker MLLEEA1
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PGSQ1
Bloomberg Benchmark Ticker JGENVUEG
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Sep 30, 2019 7.46
5y Volatility - Benchmark as of Sep 30, 2019 9.35
5y Beta as of Sep 30, 2019 1.074

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 Sep 30, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.54
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.89
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.73
HUNGARY (REPUBLIC OF) 3 06/26/2024 1.72
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.71
Name Weight (%)
RUSSIAN FEDERATION 7.7 03/23/2033 1.69
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2022 1.60
MEXICO (UNITED MEXICAN STATES) 10 12/05/2024 1.52
PERU (REPUBLIC OF) 6.35 08/12/2028 1.52
PERU (REPUBLIC OF) 6.95 08/12/2031 1.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 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 EUR Daily 3.49 0.00 0.00 3.56 3.17 - LU0278461065 - -
D2 Hgd CHF Accumulating 9.01 0.01 0.11 9.16 8.19 - LU1688375184 - -
Class I3 Hedged GBP Monthly 6.94 0.01 0.14 7.14 6.53 - LU0995336418 - -
X2 GBP Accumulating 5.65 -0.01 -0.18 5.95 4.94 - LU1688375267 - -
Class S3 Hedged GBP - 10.48 0.02 0.19 10.78 10.00 - LU1911699996 - -
A2 Hgd SGD Accumulating 8.49 0.02 0.24 8.59 7.55 - LU0358998713 - -
D3 Hgd GBP Monthly 6.91 0.01 0.14 7.11 6.50 - LU0995345831 - -
C2 USD Accumulating 20.74 0.04 0.19 21.01 18.51 - LU0278476923 - -
D2 USD Accumulating 25.81 0.06 0.23 26.03 22.64 - LU0383940458 - -
I2 EUR Accumulating 23.19 0.02 0.09 23.33 19.99 - LU1559746307 - -
I2 GBP - 20.04 -0.04 -0.20 21.15 17.62 - LU1741217027 - -
I5 EUR Quarterly 8.69 0.01 0.12 8.86 7.91 - LU0995350831 - -
A8 Hgd AUD Monthly 7.04 0.02 0.28 7.26 6.70 - LU1133072774 - -
Class AI5 EUR - 10.41 0.01 0.10 10.53 10.27 - LU1960220660 - -
I5 USD Quarterly 9.68 0.02 0.21 9.89 8.96 - LU1495982867 - -
A2 USD Accumulating 24.31 0.05 0.21 24.55 21.43 - LU0278470058 - -
A3 HKD Monthly 30.74 0.06 0.20 31.29 28.33 - LU0388349754 - -
A2 EUR Accumulating 21.82 0.01 0.05 21.99 18.93 - LU0278457204 - -
X2 Hgd GBP Accumulating 10.17 0.02 0.20 10.30 9.05 - LU1505939139 - -
A4 USD Annual 15.60 0.03 0.19 16.55 14.45 - LU0548402170 - -
D2 Hgd EUR Accumulating 7.87 0.02 0.25 8.00 7.12 - LU0622213642 - -
I2 CHF - 25.52 0.05 0.20 25.71 22.76 - LU1781817694 - -
A3 EUR Monthly 3.52 0.00 0.00 3.59 3.19 - LU0278457469 - -
A4 EUR Annual 14.00 0.01 0.07 14.82 12.76 - LU0478974834 - -
A6 Hgd SGD Monthly 7.97 0.01 0.13 8.22 7.60 - LU1676225185 - -
D3 USD Monthly 16.21 0.03 0.19 16.58 14.94 - LU0523291242 - -
A1 USD Daily 3.89 0.01 0.26 3.97 3.59 - LU0278477574 - -
Class E5 Hedged EUR Quarterly 6.55 0.01 0.15 6.78 6.26 - LU1062843260 - -
A2 Hgd SEK Accumulating 91.53 0.18 0.20 93.09 83.26 - LU1715605868 - -
D3 Hgd AUD Monthly 6.55 0.01 0.15 6.72 6.10 - LU0827884841 - -
D5 GBP Quarterly 8.90 -0.02 -0.22 9.53 8.28 - LU1694209807 - -
D2 Hgd GBP Accumulating 14.70 0.03 0.20 14.91 13.17 - LU0827885491 - -
A3 USD Monthly 3.92 0.01 0.26 4.01 3.61 - LU0278470132 - -
D2 EUR Accumulating 23.16 0.01 0.04 23.32 20.00 - LU0329592702 - -
C2 EUR Accumulating 18.62 0.02 0.11 18.82 16.35 - LU0278457972 - -
D3 EUR Monthly 14.55 0.01 0.07 14.85 13.19 - LU0827884924 - -
C1 USD Daily 3.88 0.00 0.00 3.97 3.59 - LU0278478119 - -
A2 Hgd EUR Accumulating 7.71 0.02 0.26 7.84 7.01 - LU0359002093 - -
X2 AUD Accumulating 10.63 0.00 0.00 10.72 8.88 - LU1554267051 - -
A6 USD Monthly 8.70 0.01 0.12 8.94 8.22 - LU1408528211 - -
A2 CHF Accumulating 24.01 0.05 0.21 24.23 21.55 - LU0938162186 - -
E2 USD Accumulating 22.82 0.05 0.22 23.07 20.21 - LU0374975414 - -
I2 Hgd EUR Accumulating 8.11 0.01 0.12 8.24 7.33 - LU0473186707 - -
I2 USD Accumulating 25.84 0.06 0.23 26.05 22.63 - LU0520955575 - -
D2 CHF Accumulating 25.49 0.05 0.20 25.69 22.77 - LU1065150267 - -
D4 EUR Annual 14.03 0.01 0.07 14.91 12.79 - LU0827885145 - -
A6 Hgd GBP Monthly 8.19 0.02 0.24 8.52 7.90 - LU1408528302 - -
D2 Hgd SGD Accumulating 8.81 0.02 0.23 8.90 7.80 - LU0827884767 - -
E2 EUR Accumulating 20.48 0.01 0.05 20.66 17.85 - LU0278459671 - -
D3 HKD Monthly 127.14 0.24 0.19 129.46 117.15 - LU0827885061 - -
D2 Hgd PLN Accumulating 10.37 0.02 0.19 10.49 9.21 - LU0827884684 - -
D4 USD Annual 15.63 0.03 0.19 16.65 14.48 - LU0827885228 - -
A3 Hgd AUD Monthly 6.55 0.01 0.15 6.73 6.10 - LU0575500318 - -
X2 USD Accumulating 7.28 0.02 0.28 7.33 6.34 - LU0344905624 - -
A2 Hgd PLN Accumulating 10.01 0.02 0.20 10.14 8.93 - LU0480535052 - -
A2 Hgd CHF Accumulating 7.53 0.01 0.13 7.67 6.88 - LU0623004180 - -
X2 EUR Accumulating 6.53 0.00 0.00 6.57 5.60 - LU0531082021 - -
E2 Hgd EUR Accumulating 7.35 0.02 0.27 7.49 6.71 - LU0474536231 - -
A6 Hgd CAD Monthly 8.65 0.02 0.23 8.94 8.26 - LU1408528641 - -
Class AI2 EUR - 10.55 0.01 0.09 10.63 9.83 - LU1960220587 - -
A6 Hgd HKD Monthly 86.69 0.17 0.20 89.42 82.64 - LU1408528484 - -
A8 Hgd NZD Monthly 8.75 0.02 0.23 9.02 8.33 - LU1408528724 - -
Class X5 Hedged GBP - 10.06 0.06 0.60 10.36 9.76 - LU1954752702 - -
A2 CZK Accumulating 560.11 0.12 0.02 566.91 489.84 - 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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