Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

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Performance

Performance

  • Returns

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

as of Mar 31, 2019

15.21 -6.08 14.45 -3.41 -4.60
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 Mar 31, 2019

14.04 -7.31 12.37 -1.74 1.23
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 Apr 18, 2019 USD 4,687.484
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Jan 18, 2010
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 LU0478974834
Bloomberg Ticker BGFLA4U
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B5N31N0
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 Mar 31, 2019 7.97
5y Volatility - Benchmark as of Mar 31, 2019 9.29
5y Beta as of Mar 31, 2019 1.068

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class A4, as of Feb 28, 2019 rated against 654 Global Emerging Markets Bond - Local Currency Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Mar 29, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.22
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 3.42
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.24
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.07
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.04
Name Weight (%)
TREASURY NOTE 2.25 03/31/2020 1.98
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.84
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.71
CZECH REPUBLIC 0.95 05/15/2030 1.68
INDONESIA (REPUBLIC OF) 8.375 03/15/2024 1.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 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
A4 EUR Annual 14.00 0.05 0.36 15.39 12.14 - LU0478974834 - -
Class S3 Hedged GBP - 10.42 -0.02 -0.19 10.71 10.00 - LU1911699996 - -
D2 Hgd CHF Accumulating 8.79 -0.02 -0.23 10.30 8.05 - LU1688375184 - -
Class I3 Hedged GBP Monthly 6.90 -0.01 -0.14 8.46 6.46 - LU0995336418 - -
X2 AUD Accumulating 9.71 0.02 0.21 10.05 8.61 - LU1554267051 - -
D2 USD Accumulating 24.73 -0.04 -0.16 27.91 22.10 - LU0383940458 - -
C2 USD Accumulating 20.05 -0.04 -0.20 23.02 18.11 - LU0278476923 - -
X2 GBP Accumulating 5.34 0.00 0.00 5.50 4.77 - LU1688375267 - -
A2 Hgd EUR Accumulating 7.52 -0.02 -0.27 8.84 6.89 - LU0359002093 - -
X2 Hgd GBP Accumulating 9.82 -0.01 -0.10 11.27 8.85 - LU1505939139 - -
A1 EUR Daily 3.40 0.01 0.29 3.69 3.04 - LU0278461065 - -
A2 Hgd SGD Accumulating 8.19 -0.01 -0.12 9.41 7.39 - LU0358998713 - -
I5 USD Quarterly 9.51 -0.02 -0.21 11.41 8.89 - LU1495982867 - -
A1 USD Daily 3.82 -0.01 -0.26 4.57 3.54 - LU0278477574 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
I5 EUR Quarterly 8.46 0.03 0.36 9.21 7.64 - LU0995350831 - -
D3 Hgd GBP Monthly 6.87 -0.02 -0.29 8.42 6.43 - LU0995345831 - -
A8 Hgd AUD Monthly 7.04 -0.01 -0.14 8.73 6.65 - LU1133072774 - -
I2 EUR Accumulating 21.99 0.07 0.32 22.51 19.00 - LU1559746307 - -
D2 CHF Accumulating 25.05 0.07 0.28 26.98 21.48 - LU1065150267 - -
A2 CHF Accumulating 23.66 0.07 0.30 25.61 20.35 - LU0938162186 - -
I2 GBP - 19.00 0.00 0.00 19.67 17.03 - LU1741217027 - -
D2 Hgd EUR Accumulating 7.66 -0.02 -0.26 8.96 6.99 - LU0622213642 - -
I2 CHF - 25.06 0.07 0.28 26.95 21.47 - LU1781817694 - -
A3 HKD Monthly 30.22 -0.05 -0.17 36.19 27.93 - LU0388349754 - -
A3 EUR Monthly 3.42 0.01 0.29 3.72 3.06 - LU0278457469 - -
A6 Hgd SGD Monthly 7.97 -0.01 -0.13 9.90 7.54 - LU1676225185 - -
A2 USD Accumulating 23.36 -0.04 -0.17 26.49 20.93 - LU0278470058 - -
A2 EUR Accumulating 20.76 0.06 0.29 21.39 18.01 - LU0278457204 - -
Class E5 Hedged EUR Quarterly 6.54 -0.02 -0.30 8.13 6.23 - LU1062843260 - -
A2 Hgd SEK Accumulating 89.31 -0.17 -0.19 105.17 81.81 - LU1715605868 - -
C2 EUR Accumulating 17.82 0.05 0.28 18.59 15.58 - LU0278457972 - -
D3 EUR Monthly 14.17 0.05 0.35 15.41 12.66 - LU0827884924 - -
D2 EUR Accumulating 21.98 0.07 0.32 22.53 19.01 - LU0329592702 - -
A6 USD Monthly 8.66 -0.02 -0.23 10.63 8.14 - LU1408528211 - -
D3 USD Monthly 15.94 -0.02 -0.13 19.08 14.72 - LU0523291242 - -
D2 Hgd GBP Accumulating 14.24 -0.03 -0.21 16.45 12.90 - LU0827885491 - -
D5 GBP Quarterly 8.67 0.01 0.12 9.55 8.10 - LU1694209807 - -
A3 USD Monthly 3.85 -0.01 -0.26 4.61 3.56 - LU0278470132 - -
A4 USD Annual 15.74 -0.03 -0.19 19.06 14.11 - LU0548402170 - -
C1 USD Daily 3.82 0.00 0.00 4.57 3.53 - LU0278478119 - -
D3 Hgd AUD Monthly 6.48 -0.01 -0.15 7.84 6.02 - LU0827884841 - -
D4 EUR Annual 14.06 0.05 0.36 15.47 12.15 - LU0827885145 - -
I2 USD Accumulating 24.74 -0.04 -0.16 27.87 22.08 - LU0520955575 - -
I2 Hgd EUR Accumulating 7.89 -0.02 -0.25 9.21 7.19 - LU0473186707 - -
D2 Hgd SGD Accumulating 8.47 -0.02 -0.24 9.69 7.62 - LU0827884767 - -
E2 USD Accumulating 21.97 -0.04 -0.18 25.05 19.76 - LU0374975414 - -
E2 EUR Accumulating 19.53 0.06 0.31 20.23 17.00 - LU0278459671 - -
D2 Hgd PLN Accumulating 10.00 -0.02 -0.20 11.48 9.01 - LU0827884684 - -
A6 Hgd GBP Monthly 8.24 -0.02 -0.24 10.36 7.85 - LU1408528302 - -
D3 HKD Monthly 125.03 -0.22 -0.18 149.76 115.55 - LU0827885061 - -
A6 Hgd CAD Monthly 8.66 -0.01 -0.12 10.76 8.20 - LU1408528641 - -
A2 CZK Accumulating 533.33 2.29 0.43 543.45 463.69 - LU1791177113 - -
X2 USD Accumulating 6.95 -0.01 -0.14 7.79 6.19 - LU0344905624 - -
A8 Hgd NZD Monthly 8.75 -0.02 -0.23 10.86 8.26 - LU1408528724 - -
A2 Hgd PLN Accumulating 9.68 -0.01 -0.10 11.16 8.75 - LU0480535052 - -
D4 USD Annual 15.81 -0.03 -0.19 19.16 14.13 - LU0827885228 - -
Class AI2 EUR - 10.04 0.03 0.30 10.08 9.90 - LU1960220587 - -
Class X5 Hedged GBP - 10.01 -0.02 -0.20 10.12 9.87 - LU1954752702 - -
X2 EUR Accumulating 6.18 0.02 0.32 6.29 5.32 - LU0531082021 - -
A6 Hgd HKD Monthly 86.59 -0.15 -0.17 107.50 81.97 - LU1408528484 - -
A3 Hgd AUD Monthly 6.49 -0.01 -0.15 7.85 6.02 - LU0575500318 - -
A2 Hgd CHF Accumulating 7.37 -0.01 -0.14 8.67 6.76 - LU0623004180 - -
E2 Hgd EUR Accumulating 7.19 -0.01 -0.14 8.49 6.60 - LU0474536231 - -

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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