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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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  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
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

18.49 2.84 -12.22 15.21 -9.03
Benchmark (%)

as of Sep 30, 2020

16.27 2.02 -5.75 17.34 -8.37
  1Y 3Y 5Y 10y Incept.
-9.03 -2.74 2.31 0.00 0.62
Benchmark (%)

as of Sep 30, 2020

-8.37 0.44 3.75 0.97 2.38
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-11.42 -0.63 -2.42 -9.03 -8.00 12.10 0.03 8.87
Benchmark (%)

as of Sep 30, 2020

-10.33 -0.07 -3.64 -8.37 1.33 20.20 10.17 37.97
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.

Key Facts

Key Facts

Size of Fund (Millions) as of Oct 27, 2020 USD 2,346.939
12m Trailing Yield as of Sep 30, 2020 4.95
Number of Holdings as of Sep 30, 2020 156
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.
Ongoing Charge 1.28%
ISIN LU0278457469
Bloomberg Ticker MLLEEA3
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PGSZ0
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

Yield to Worst as of Sep 30, 2020 5.21%
Modified Duration as of Sep 30, 2020 5.81 yrs
Effective Duration as of Sep 30, 2020 5.73 yrs
Weighted Avg Maturity as of Sep 30, 2020 8.04 yrs
3y Volatility - Benchmark as of Sep 30, 2020 10.00
3y Beta as of Sep 30, 2020 1.208
5y Volatility - Benchmark as of Sep 30, 2020 9.66
5y Beta as of Sep 30, 2020 1.161
WAL to Worst as of Sep 30, 2020 8.04 yrs

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, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.32
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.88
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.44
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 2.00
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.97
Name Weight (%)
PERU (REPUBLIC OF) 6.35 08/12/2028 1.78
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.66
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.60
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.59
MEXICO (UNITED MEXICAN STATES) 7.5 06/03/2027 1.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 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
A3 EUR Monthly 3.07 -0.01 -0.32 3.64 2.88 - LU0278457469 - -
A1 EUR Daily 3.04 -0.01 -0.33 3.62 2.86 - LU0278461065 - -
D2 CHF Accumulating 22.83 -0.02 -0.09 26.08 20.58 - LU1065150267 - -
I5 EUR Quarterly 7.57 -0.01 -0.13 9.05 7.07 - LU0995350831 - -
X2 AUD Accumulating 10.01 -0.04 -0.40 11.22 9.75 - LU1554267051 - -
I5 USD Quarterly 8.95 -0.01 -0.11 9.88 7.63 - LU1495982867 - -
A8 Hgd AUD Monthly 6.30 0.00 0.00 7.15 5.49 - LU1133072774 - -
A2 CHF Accumulating 21.39 -0.03 -0.14 24.56 19.35 - LU0938162186 - -
X2 GBP Accumulating 5.48 -0.02 -0.36 5.80 4.95 - LU1688375267 - -
A2 Hgd SGD Accumulating 8.14 -0.01 -0.12 8.76 6.83 - LU0358998713 - -
I2 EUR Accumulating 21.33 -0.05 -0.23 24.48 19.45 - LU1559746307 - -
C2 USD Accumulating 19.86 -0.02 -0.10 21.37 16.73 - LU0278476923 - -
A2 Hgd EUR Accumulating 7.29 -0.01 -0.14 7.91 6.16 - LU0359002093 - -
Class AI5 EUR - 9.07 -0.02 -0.22 10.84 8.47 - LU1960220660 - -
D3 Hgd GBP Monthly 6.27 -0.01 -0.16 7.04 5.42 - LU0995345831 - -
D2 Hgd CHF Accumulating 8.56 -0.01 -0.12 9.25 7.21 - LU1688375184 - -
Class I3 Hedged GBP Monthly 6.30 0.00 0.00 7.06 5.44 - LU0995336418 - -
Class S3 Hedged GBP - 9.51 -0.01 -0.11 10.67 8.21 - LU1911699996 - -
X2 Hgd GBP Accumulating 9.77 -0.01 -0.10 10.50 8.17 - LU1505939139 - -
D2 USD Accumulating 25.16 -0.02 -0.08 26.70 20.97 - LU0383940458 - -
A1 USD Daily 3.60 0.00 0.00 3.97 3.09 - LU0278477574 - -
D2 Hgd EUR Accumulating 7.48 -0.01 -0.13 8.09 6.30 - LU0622213642 - -
A2 EUR Accumulating 19.94 -0.04 -0.20 22.99 18.26 - LU0278457204 - -
A2 Hgd SEK Accumulating 86.63 -0.08 -0.09 94.00 73.09 - LU1715605868 - -
A4 EUR Annual 12.21 -0.03 -0.25 14.75 11.71 - LU0478974834 - -
A3 HKD Monthly 28.14 -0.02 -0.07 31.17 24.14 - LU0388349754 - -
A2 USD Accumulating 23.58 -0.02 -0.08 25.12 19.72 - LU0278470058 - -
I2 CHF - 22.91 0.04 0.17 26.11 20.62 - LU1781817694 - -
A4 USD Annual 14.44 -0.01 -0.07 16.12 12.65 - LU0548402170 - -
I2 GBP - 19.42 0.07 0.36 20.55 17.54 - LU1741217027 - -
A3 USD Monthly 3.63 0.00 0.00 4.00 3.11 - LU0278470132 - -
Class E5 Hedged EUR Quarterly 5.91 0.00 0.00 6.65 5.09 - LU1062843260 - -
D5 GBP Quarterly 8.13 -0.04 -0.49 9.06 7.56 - LU1694209807 - -
A6 Hgd SGD Monthly 7.15 0.00 0.00 8.11 6.25 - LU1676225185 - -
D3 EUR Monthly 12.70 -0.03 -0.24 15.07 11.92 - LU0827884924 - -
D3 USD Monthly 15.02 -0.01 -0.07 16.55 12.88 - LU0523291242 - -
D2 EUR Accumulating 21.28 -0.04 -0.19 24.44 19.42 - LU0329592702 - -
C2 EUR Accumulating 16.83 0.02 0.12 19.53 15.49 - LU0278457972 - -
A6 USD Monthly 7.89 -0.01 -0.13 8.86 6.87 - LU1408528211 - -
D3 Hgd AUD Monthly 5.94 -0.01 -0.17 6.67 5.13 - LU0827884841 - -
I2 Hgd EUR Accumulating 7.73 0.00 0.00 8.34 6.50 - LU0473186707 - -
C1 USD Daily 3.60 0.00 0.00 3.97 3.08 - LU0278478119 - -
I2 USD Accumulating 25.23 -0.02 -0.08 26.74 21.01 - LU0520955575 - -
D2 Hgd GBP Accumulating 14.03 -0.01 -0.07 15.15 11.78 - LU0827885491 - -
D2 Hgd PLN Accumulating 9.94 -0.01 -0.10 10.71 8.34 - LU0827884684 - -
E2 EUR Accumulating 18.62 -0.04 -0.21 21.54 17.09 - LU0278459671 - -
E2 USD Accumulating 22.02 -0.02 -0.09 23.55 18.46 - LU0374975414 - -
D4 EUR Annual 12.24 -0.02 -0.16 14.80 11.76 - LU0827885145 - -
D2 Hgd SGD Accumulating 8.49 -0.01 -0.12 9.10 7.10 - LU0827884767 - -
D3 HKD Monthly 116.42 -0.09 -0.08 128.96 99.87 - LU0827885061 - -
A6 Hgd GBP Monthly 7.26 0.00 0.00 8.30 6.37 - LU1408528302 - -
Class X5 Hedged GBP - 9.13 -0.01 -0.11 10.25 7.83 - LU1954752702 - -
X2 EUR Accumulating 6.04 -0.01 -0.17 6.91 5.49 - LU0531082021 - -
A6 Hgd HKD Monthly 78.53 -0.07 -0.09 88.22 68.40 - LU1408528484 - -
X2 USD Accumulating 7.14 -0.01 -0.14 7.54 5.93 - LU0344905624 - -
A2 CZK Accumulating 544.61 -0.93 -0.17 573.35 507.04 - LU1791177113 - -
E2 Hgd EUR Accumulating 6.91 -0.01 -0.14 7.53 5.85 - LU0474536231 - -
Class AI2 EUR - 9.64 -0.02 -0.21 11.11 8.83 - LU1960220587 - -
A8 Hgd NZD Monthly 7.84 -0.01 -0.13 8.90 6.84 - LU1408528724 - -
A3 Hgd AUD Monthly 5.94 -0.01 -0.17 6.67 5.13 - LU0575500318 - -
D4 USD Annual 14.47 -0.01 -0.07 16.17 12.70 - LU0827885228 - -
A6 Hgd CAD Monthly 7.74 -0.01 -0.13 8.79 6.78 - LU1408528641 - -
A2 Hgd PLN Accumulating 9.55 -0.01 -0.10 10.33 8.04 - LU0480535052 - -
A2 Hgd CHF Accumulating 7.12 0.00 0.00 7.72 6.01 - LU0623004180 - -

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