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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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Reinvestments

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 Nov 12, 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 LU0329592702
Bloomberg Ticker MLLEED2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B43C312
Bloomberg Benchmark Ticker JGENVUEG
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Aug 31, 2020 10.00
5y Volatility - Benchmark as of Aug 31, 2020 9.75
5y Beta as of Aug 31, 2020 1.162

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
D2 EUR Accumulating 21.06 -0.07 -0.33 24.44 19.42 - LU0329592702 - -
A2 CHF Accumulating 21.31 -0.13 -0.61 24.56 19.35 - LU0938162186 - -
I5 USD Quarterly 8.78 0.01 0.11 9.88 7.63 - LU1495982867 - -
D2 USD Accumulating 24.70 0.04 0.16 26.70 20.97 - LU0383940458 - -
X2 GBP Accumulating 5.45 0.01 0.18 5.88 4.95 - LU1688375267 - -
D2 CHF Accumulating 22.73 -0.14 -0.61 26.08 20.58 - LU1065150267 - -
Class I3 Hedged GBP Monthly 6.21 0.01 0.16 7.06 5.44 - LU0995336418 - -
I2 EUR Accumulating 21.12 -0.06 -0.28 24.48 19.45 - LU1559746307 - -
A1 USD Daily 3.55 0.01 0.28 3.97 3.09 - LU0278477574 - -
Class AI5 EUR - 8.98 -0.03 -0.33 10.84 8.47 - LU1960220660 - -
I5 EUR Quarterly 7.49 -0.02 -0.27 9.05 7.07 - LU0995350831 - -
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 - -
C2 USD Accumulating 19.52 0.03 0.15 21.37 16.73 - LU0278476923 - -
D3 Hgd GBP Monthly 6.18 0.01 0.16 7.04 5.42 - LU0995345831 - -
D2 Hgd CHF Accumulating 8.41 0.01 0.12 9.25 7.21 - LU1688375184 - -
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 - -
X2 Hgd GBP Accumulating 9.59 0.02 0.21 10.50 8.17 - LU1505939139 - -
A1 EUR Daily 3.02 -0.01 -0.33 3.62 2.86 - LU0278461065 - -
X2 AUD Accumulating 9.84 -0.07 -0.71 11.22 9.75 - LU1554267051 - -
D2 Hgd EUR Accumulating 7.35 0.02 0.27 8.09 6.30 - LU0622213642 - -
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 - -
A2 EUR Accumulating 19.75 -0.06 -0.30 22.99 18.26 - LU0278457204 - -
A4 USD Annual 14.18 0.02 0.14 16.12 12.65 - LU0548402170 - -
A3 EUR Monthly 3.05 -0.01 -0.33 3.64 2.88 - LU0278457469 - -
A4 EUR Annual 12.09 -0.04 -0.33 14.75 11.71 - LU0478974834 - -
A2 USD Accumulating 23.16 0.04 0.17 25.12 19.72 - LU0278470058 - -
A3 USD Monthly 3.58 0.01 0.28 4.00 3.11 - LU0278470132 - -
D5 GBP Quarterly 8.10 0.02 0.25 9.28 7.56 - LU1694209807 - -
A2 Hgd SEK Accumulating 85.09 0.15 0.18 94.00 73.09 - LU1715605868 - -
D3 EUR Monthly 12.63 -0.04 -0.32 15.07 11.92 - LU0827884924 - -
A6 Hgd SGD Monthly 7.06 0.01 0.14 8.11 6.25 - LU1676225185 - -
C2 EUR Accumulating 16.65 -0.05 -0.30 19.53 15.49 - LU0278457972 - -
Class E5 Hedged EUR Quarterly 5.81 0.01 0.17 6.65 5.09 - LU1062843260 - -
A6 USD Monthly 7.80 0.02 0.26 8.86 6.87 - LU1408528211 - -
D3 USD Monthly 14.80 0.02 0.14 16.55 12.88 - LU0523291242 - -
D3 Hgd AUD Monthly 5.86 0.01 0.17 6.67 5.13 - LU0827884841 - -
D2 Hgd GBP Accumulating 13.78 0.03 0.22 15.15 11.78 - LU0827885491 - -
D2 Hgd SGD Accumulating 8.34 0.02 0.24 9.10 7.10 - LU0827884767 - -
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 - -
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 - -
D3 HKD Monthly 114.74 0.20 0.17 128.96 99.87 - LU0827885061 - -
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 - -
E2 USD Accumulating 21.63 0.04 0.19 23.55 18.46 - LU0374975414 - -
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 - -
A3 Hgd AUD Monthly 5.86 0.01 0.17 6.67 5.13 - LU0575500318 - -
Class X5 Hedged GBP - 8.93 -0.02 -0.22 10.25 7.83 - LU1954752702 - -
A6 Hgd CAD Monthly 7.64 0.02 0.26 8.79 6.78 - LU1408528641 - -
X2 USD Accumulating 7.01 0.01 0.14 7.54 5.93 - LU0344905624 - -
A6 Hgd HKD Monthly 77.57 0.13 0.17 88.22 68.40 - LU1408528484 - -
Class AI2 EUR - 9.55 -0.03 -0.31 11.11 8.83 - LU1960220587 - -
A2 CZK Accumulating 535.83 -2.28 -0.42 573.35 507.04 - LU1791177113 - -
E2 Hgd EUR Accumulating 6.79 0.01 0.15 7.53 5.85 - LU0474536231 - -
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 - -
X2 EUR Accumulating 5.98 -0.02 -0.33 6.91 5.49 - LU0531082021 - -
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 - -

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