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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

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 Jul 9, 2020 USD 2,563.440
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Feb 2, 2007
Asset Class -
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 Jun 30, 2020 9.91
5y Volatility - Benchmark as of Jun 30, 2020 10.19
5y Beta as of Jun 30, 2020 1.157

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 Jun 30, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 3.56
PERU (REPUBLIC OF) 6.95 08/12/2031 2.29
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.25
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 2.01
HUNGARY (REPUBLIC OF) 3 08/21/2030 1.93
Name Weight (%)
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.91
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.86
PERU (REPUBLIC OF) 6.35 08/12/2028 1.82
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.73
CZECH REPUBLIC 2 10/13/2033 1.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 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 EUR Daily 3.17 0.02 0.63 3.62 2.86 - LU0278461065 - -
I5 EUR Quarterly 7.87 0.06 0.77 9.05 7.07 - LU0995350831 - -
D2 USD Accumulating 24.77 0.18 0.73 26.70 20.97 - LU0383940458 - -
X2 AUD Accumulating 10.05 0.05 0.50 11.22 9.88 - LU1554267051 - -
Class S3 Hedged GBP - 9.49 0.07 0.74 10.78 8.21 - LU1911699996 - -
X2 Hgd GBP Accumulating 9.62 0.07 0.73 10.50 8.17 - LU1505939139 - -
D2 CHF Accumulating 23.24 0.16 0.69 26.08 20.58 - LU1065150267 - -
A1 USD Daily 3.59 0.02 0.56 3.97 3.09 - LU0278477574 - -
X2 GBP Accumulating 5.55 0.01 0.18 5.95 4.95 - LU1688375267 - -
Class I3 Hedged GBP Monthly 6.29 0.05 0.80 7.14 5.44 - LU0995336418 - -
A8 Hgd AUD Monthly 6.31 0.04 0.64 7.25 5.49 - LU1133072774 - -
D2 Hgd CHF Accumulating 8.46 0.06 0.71 9.25 7.21 - LU1688375184 - -
D3 Hgd GBP Monthly 6.26 0.04 0.64 7.11 5.42 - LU0995345831 - -
I2 GBP - 19.61 0.03 0.15 21.15 17.54 - LU1741217027 - -
I5 USD Quarterly 8.92 0.07 0.79 9.89 7.63 - LU1495982867 - -
A2 CHF Accumulating 21.81 0.14 0.65 24.56 19.35 - LU0938162186 - -
A2 Hgd EUR Accumulating 7.21 0.05 0.70 7.91 6.16 - LU0359002093 - -
I2 EUR Accumulating 21.92 0.17 0.78 24.48 19.45 - LU1559746307 - -
Class AI5 EUR - 9.44 0.07 0.75 10.84 8.47 - LU1960220660 - -
C2 USD Accumulating 19.66 0.15 0.77 21.37 16.73 - LU0278476923 - -
A2 Hgd SGD Accumulating 8.03 0.05 0.63 8.76 6.83 - LU0358998713 - -
A3 EUR Monthly 3.20 0.03 0.95 3.64 2.88 - LU0278457469 - -
A2 EUR Accumulating 20.53 0.16 0.79 22.99 18.26 - LU0278457204 - -
A4 USD Annual 14.92 0.11 0.74 16.55 12.65 - LU0548402170 - -
I2 CHF - 23.29 0.16 0.69 26.11 20.62 - LU1781817694 - -
D5 GBP Quarterly 8.35 0.01 0.12 9.53 7.56 - LU1694209807 - -
A6 Hgd SGD Monthly 7.17 0.05 0.70 8.20 6.25 - LU1676225185 - -
A4 EUR Annual 13.17 0.10 0.77 14.82 11.71 - LU0478974834 - -
A3 HKD Monthly 28.05 0.20 0.72 31.29 24.14 - LU0388349754 - -
Class E5 Hedged EUR Quarterly 5.91 0.04 0.68 6.75 5.09 - LU1062843260 - -
A2 Hgd SEK Accumulating 85.72 0.62 0.73 94.00 73.09 - LU1715605868 - -
A2 USD Accumulating 23.25 0.17 0.74 25.12 19.72 - LU0278470058 - -
D3 USD Monthly 14.97 0.11 0.74 16.58 12.88 - LU0523291242 - -
D2 EUR Accumulating 21.87 0.16 0.74 24.44 19.42 - LU0329592702 - -
D2 Hgd EUR Accumulating 7.39 0.05 0.68 8.09 6.30 - LU0622213642 - -
A3 USD Monthly 3.62 0.03 0.84 4.01 3.11 - LU0278470132 - -
D3 EUR Monthly 13.22 0.10 0.76 15.07 11.92 - LU0827884924 - -
C2 EUR Accumulating 17.35 0.13 0.75 19.53 15.49 - LU0278457972 - -
A6 USD Monthly 7.92 0.06 0.76 8.94 6.87 - LU1408528211 - -
D3 Hgd AUD Monthly 5.93 0.04 0.68 6.72 5.13 - LU0827884841 - -
D2 Hgd GBP Accumulating 13.84 0.10 0.73 15.15 11.78 - LU0827885491 - -
I2 USD Accumulating 24.82 0.18 0.73 26.74 21.01 - LU0520955575 - -
D2 Hgd SGD Accumulating 8.36 0.06 0.72 9.10 7.10 - LU0827884767 - -
E2 USD Accumulating 21.74 0.16 0.74 23.55 18.46 - LU0374975414 - -
I2 Hgd EUR Accumulating 7.63 0.06 0.79 8.34 6.50 - LU0473186707 - -
D3 HKD Monthly 116.02 0.85 0.74 129.46 99.87 - LU0827885061 - -
D4 EUR Annual 13.24 0.09 0.68 14.91 11.76 - LU0827885145 - -
C1 USD Daily 3.59 0.02 0.56 3.97 3.08 - LU0278478119 - -
D2 Hgd PLN Accumulating 9.82 0.07 0.72 10.71 8.34 - LU0827884684 - -
E2 EUR Accumulating 19.19 0.14 0.73 21.54 17.09 - LU0278459671 - -
A6 Hgd GBP Monthly 7.29 0.05 0.69 8.46 6.37 - LU1408528302 - -
X2 EUR Accumulating 6.20 0.05 0.81 6.91 5.49 - LU0531082021 - -
Class X5 Hedged GBP - 9.03 0.02 0.22 10.36 7.83 - LU1954752702 - -
Class AI2 EUR - 9.92 0.07 0.71 11.11 8.83 - LU1960220587 - -
X2 USD Accumulating 7.02 0.05 0.72 7.54 5.93 - LU0344905624 - -
A2 CZK Accumulating 546.74 2.41 0.44 573.35 507.04 - LU1791177113 - -
A6 Hgd CAD Monthly 7.77 0.06 0.78 8.90 6.78 - LU1408528641 - -
A6 Hgd HKD Monthly 78.79 0.58 0.74 89.19 68.40 - LU1408528484 - -
A2 Hgd PLN Accumulating 9.44 0.06 0.64 10.33 8.04 - LU0480535052 - -
A2 Hgd CHF Accumulating 7.05 0.05 0.71 7.72 6.01 - LU0623004180 - -
A8 Hgd NZD Monthly 7.85 0.06 0.77 9.00 6.84 - LU1408528724 - -
A3 Hgd AUD Monthly 5.94 0.05 0.85 6.73 5.13 - LU0575500318 - -
E2 Hgd EUR Accumulating 6.85 0.05 0.74 7.53 5.85 - LU0474536231 - -
D4 USD Annual 15.00 0.11 0.74 16.65 12.70 - LU0827885228 - -

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