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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

  From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Jun 30, 2020

3.21 7.90 -7.23 4.95 -5.59
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 Jun 30, 2020

1.99 6.41 -2.33 8.99 -2.82
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 Sep 29, 2020 USD 2,291.153
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
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0278470132
Bloomberg Ticker MLLEUA3
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PGT24
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2020 12.11
5y Volatility - Benchmark as of Aug 31, 2020 11.89
5y Beta as of Aug 31, 2020 1.123

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 Aug 31, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.36
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.90
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.30
PERU (REPUBLIC OF) 6.95 08/12/2031 2.07
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.99
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.93
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.90
HUNGARY (REPUBLIC OF) 3 08/21/2030 1.84
CZECH REPUBLIC 2 10/13/2033 1.82
PERU (REPUBLIC OF) 6.35 08/12/2028 1.76
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 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 USD Monthly 3.58 0.01 0.28 4.00 3.11 - LU0278470132 - -
X2 AUD Accumulating 9.84 -0.07 -0.71 11.22 9.75 - LU1554267051 - -
X2 Hgd GBP Accumulating 9.59 0.02 0.21 10.50 8.17 - LU1505939139 - -
A2 CHF Accumulating 21.31 -0.13 -0.61 24.56 19.35 - LU0938162186 - -
Class I3 Hedged GBP Monthly 6.21 0.01 0.16 7.06 5.44 - LU0995336418 - -
X2 GBP Accumulating 5.45 0.01 0.18 5.88 4.95 - LU1688375267 - -
Class S3 Hedged GBP - 9.37 0.01 0.11 10.67 8.21 - LU1911699996 - -
A8 Hgd AUD Monthly 6.21 0.01 0.16 7.15 5.49 - LU1133072774 - -
A1 USD Daily 3.55 0.01 0.28 3.97 3.09 - LU0278477574 - -
D2 CHF Accumulating 22.73 -0.14 -0.61 26.08 20.58 - LU1065150267 - -
Class AI5 EUR - 8.98 -0.03 -0.33 10.84 8.47 - LU1960220660 - -
A2 Hgd SGD Accumulating 8.00 0.02 0.25 8.76 6.83 - LU0358998713 - -
A2 Hgd EUR Accumulating 7.16 0.01 0.14 7.91 6.16 - LU0359002093 - -
D2 USD Accumulating 24.70 0.04 0.16 26.70 20.97 - LU0383940458 - -
A1 EUR Daily 3.02 -0.01 -0.33 3.62 2.86 - LU0278461065 - -
C2 USD Accumulating 19.52 0.03 0.15 21.37 16.73 - LU0278476923 - -
I5 EUR Quarterly 7.49 -0.02 -0.27 9.05 7.07 - LU0995350831 - -
D2 Hgd CHF Accumulating 8.41 0.01 0.12 9.25 7.21 - LU1688375184 - -
D3 Hgd GBP Monthly 6.18 0.01 0.16 7.04 5.42 - LU0995345831 - -
I5 USD Quarterly 8.78 0.01 0.11 9.88 7.63 - LU1495982867 - -
I2 EUR Accumulating 21.12 -0.06 -0.28 24.48 19.45 - LU1559746307 - -
A3 EUR Monthly 3.05 -0.01 -0.33 3.64 2.88 - LU0278457469 - -
I2 CHF - 22.79 -0.14 -0.61 26.11 20.62 - LU1781817694 - -
I2 GBP - 19.26 0.05 0.26 20.87 17.54 - LU1741217027 - -
D2 Hgd EUR Accumulating 7.35 0.02 0.27 8.09 6.30 - LU0622213642 - -
A4 EUR Annual 12.09 -0.04 -0.33 14.75 11.71 - LU0478974834 - -
A4 USD Annual 14.18 0.02 0.14 16.12 12.65 - LU0548402170 - -
A2 Hgd SEK Accumulating 85.09 0.15 0.18 94.00 73.09 - LU1715605868 - -
A2 USD Accumulating 23.16 0.04 0.17 25.12 19.72 - LU0278470058 - -
A6 Hgd SGD Monthly 7.06 0.01 0.14 8.11 6.25 - LU1676225185 - -
A2 EUR Accumulating 19.75 -0.06 -0.30 22.99 18.26 - LU0278457204 - -
Class E5 Hedged EUR Quarterly 5.81 0.01 0.17 6.65 5.09 - LU1062843260 - -
D3 USD Monthly 14.80 0.02 0.14 16.55 12.88 - LU0523291242 - -
D3 EUR Monthly 12.63 -0.04 -0.32 15.07 11.92 - LU0827884924 - -
D3 Hgd AUD Monthly 5.86 0.01 0.17 6.67 5.13 - LU0827884841 - -
C2 EUR Accumulating 16.65 -0.05 -0.30 19.53 15.49 - LU0278457972 - -
A6 USD Monthly 7.80 0.02 0.26 8.86 6.87 - LU1408528211 - -
D5 GBP Quarterly 8.10 0.02 0.25 9.28 7.56 - LU1694209807 - -
D2 EUR Accumulating 21.06 -0.07 -0.33 24.44 19.42 - LU0329592702 - -
D2 Hgd GBP Accumulating 13.78 0.03 0.22 15.15 11.78 - LU0827885491 - -
I2 Hgd EUR Accumulating 7.59 0.02 0.26 8.34 6.50 - LU0473186707 - -
D4 EUR Annual 12.11 -0.04 -0.33 14.80 11.76 - LU0827885145 - -
C1 USD Daily 3.54 0.00 0.00 3.97 3.08 - LU0278478119 - -
A3 HKD Monthly 27.73 0.04 0.14 31.17 24.14 - LU0388349754 - -
E2 USD Accumulating 21.63 0.04 0.19 23.55 18.46 - LU0374975414 - -
I2 USD Accumulating 24.76 0.04 0.16 26.74 21.01 - LU0520955575 - -
D2 Hgd PLN Accumulating 9.76 0.02 0.21 10.71 8.34 - LU0827884684 - -
D2 Hgd SGD Accumulating 8.34 0.02 0.24 9.10 7.10 - LU0827884767 - -
E2 EUR Accumulating 18.45 -0.06 -0.32 21.54 17.09 - LU0278459671 - -
A6 Hgd GBP Monthly 7.17 0.01 0.14 8.30 6.37 - LU1408528302 - -
D3 HKD Monthly 114.74 0.20 0.17 128.96 99.87 - LU0827885061 - -
Class X5 Hedged GBP - 8.93 -0.02 -0.22 10.25 7.83 - LU1954752702 - -
X2 USD Accumulating 7.01 0.01 0.14 7.54 5.93 - LU0344905624 - -
A8 Hgd NZD Monthly 7.74 0.02 0.26 8.90 6.84 - LU1408528724 - -
D4 USD Annual 14.20 0.02 0.14 16.17 12.70 - LU0827885228 - -
Class AI2 EUR - 9.55 -0.03 -0.31 11.11 8.83 - LU1960220587 - -
E2 Hgd EUR Accumulating 6.79 0.01 0.15 7.53 5.85 - LU0474536231 - -
A3 Hgd AUD Monthly 5.86 0.01 0.17 6.67 5.13 - LU0575500318 - -
X2 EUR Accumulating 5.98 -0.02 -0.33 6.91 5.49 - LU0531082021 - -
A6 Hgd CAD Monthly 7.64 0.02 0.26 8.79 6.78 - LU1408528641 - -
A2 CZK Accumulating 535.83 -2.28 -0.42 573.35 507.04 - LU1791177113 - -
A6 Hgd HKD Monthly 77.57 0.13 0.17 88.22 68.40 - LU1408528484 - -
A2 Hgd CHF Accumulating 6.99 0.01 0.14 7.72 6.01 - LU0623004180 - -
A2 Hgd PLN Accumulating 9.38 0.02 0.21 10.33 8.04 - LU0480535052 - -

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