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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

  • Returns

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

as of Dec 31, 2019

-3.84 17.10 0.72 -7.49 14.46
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 Dec 31, 2019

-5.23 13.23 1.20 -1.48 15.56
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 Mar 27, 2020 USD 2,863.664
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 Feb 29, 2020 6.94
5y Volatility - Benchmark as of Feb 29, 2020 8.70
5y Beta as of Feb 29, 2020 1.096

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 Feb 28, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 3.41
POLAND (REPUBLIC OF) 2.75 10/25/2029 2.37
POLAND (REPUBLIC OF) 2.5 07/25/2026 2.13
TREASURY NOTE 1.375 04/30/2021 2.01
MEXICO (UNITED MEXICAN STATES) (GO 6.5 06/10/2021 1.96
Name Weight (%)
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.95
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.64
PERU (REPUBLIC OF) 6.95 08/12/2031 1.55
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.55
CHILE (REPUBLIC OF) 4.5 03/01/2026 1.46
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 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 20.27 0.30 1.50 24.44 19.42 - LU0329592702 - -
A2 CHF Accumulating 20.15 0.19 0.95 24.56 19.35 - LU0938162186 - -
D3 Hgd GBP Monthly 5.74 0.08 1.41 7.11 5.42 - LU0995345831 - -
Class AI5 EUR - 8.84 0.13 1.49 10.84 8.47 - LU1960220660 - -
Class I3 Hedged GBP Monthly 5.77 0.09 1.58 7.14 5.44 - LU0995336418 - -
A2 Hgd EUR Accumulating 6.54 0.11 1.71 7.91 6.16 - LU0359002093 - -
D2 Hgd CHF Accumulating 7.66 0.12 1.59 9.25 7.21 - LU1688375184 - -
I5 EUR Quarterly 7.37 0.11 1.52 9.05 7.07 - LU0995350831 - -
C2 USD Accumulating 17.79 0.29 1.66 21.37 16.73 - LU0278476923 - -
A1 EUR Daily 2.98 0.04 1.36 3.62 2.86 - LU0278461065 - -
D2 USD Accumulating 22.31 0.36 1.64 26.70 20.97 - LU0383940458 - -
I5 USD Quarterly 8.12 0.14 1.75 9.89 7.63 - LU1495982867 - -
Class S3 Hedged GBP - 8.71 0.13 1.52 10.78 8.21 - LU1911699996 - -
X2 Hgd GBP Accumulating 8.67 0.14 1.64 10.50 8.17 - LU1505939139 - -
X2 AUD Accumulating 10.40 0.10 0.97 11.22 9.66 - LU1554267051 - -
A1 USD Daily 3.28 0.05 1.55 3.97 3.09 - LU0278477574 - -
D2 CHF Accumulating 21.43 0.20 0.94 26.08 20.58 - LU1065150267 - -
X2 GBP Accumulating 5.13 -0.02 -0.39 5.95 5.09 - LU1688375267 - -
I2 EUR Accumulating 20.31 0.31 1.55 24.48 19.45 - LU1559746307 - -
A8 Hgd AUD Monthly 5.84 0.10 1.74 7.25 5.49 - LU1133072774 - -
A2 Hgd SGD Accumulating 7.26 0.12 1.68 8.76 6.83 - LU0358998713 - -
A3 EUR Monthly 3.01 0.05 1.69 3.64 2.88 - LU0278457469 - -
A4 USD Annual 13.46 0.22 1.66 16.55 12.65 - LU0548402170 - -
A2 USD Accumulating 20.97 0.34 1.65 25.12 19.72 - LU0278470058 - -
A2 EUR Accumulating 19.05 0.28 1.49 22.99 18.26 - LU0278457204 - -
I2 GBP - 18.18 -0.07 -0.38 21.15 18.02 - LU1741217027 - -
A2 Hgd SEK Accumulating 77.78 1.28 1.67 94.00 73.09 - LU1715605868 - -
A6 Hgd SGD Monthly 6.64 0.11 1.68 8.20 6.25 - LU1676225185 - -
I2 CHF - 21.47 0.20 0.94 26.11 20.62 - LU1781817694 - -
A4 EUR Annual 12.22 0.18 1.50 14.82 11.71 - LU0478974834 - -
D3 USD Monthly 13.70 0.23 1.71 16.58 12.88 - LU0523291242 - -
D5 GBP Quarterly 7.83 -0.03 -0.38 9.53 7.76 - LU1694209807 - -
A3 USD Monthly 3.31 0.05 1.53 4.01 3.11 - LU0278470132 - -
Class E5 Hedged EUR Quarterly 5.41 0.09 1.69 6.75 5.09 - LU1062843260 - -
D2 Hgd EUR Accumulating 6.69 0.11 1.67 8.09 6.30 - LU0622213642 - -
D3 EUR Monthly 12.44 0.18 1.47 15.07 11.92 - LU0827884924 - -
D3 Hgd AUD Monthly 5.45 0.09 1.68 6.72 5.13 - LU0827884841 - -
A6 USD Monthly 7.31 0.12 1.67 8.94 6.87 - LU1408528211 - -
D2 Hgd GBP Accumulating 12.50 0.19 1.54 15.15 11.78 - LU0827885491 - -
C2 EUR Accumulating 16.16 0.24 1.51 19.53 15.49 - LU0278457972 - -
C1 USD Daily 3.28 0.06 1.86 3.97 3.08 - LU0278478119 - -
D4 EUR Annual 12.28 0.19 1.57 14.91 11.76 - LU0827885145 - -
I2 USD Accumulating 22.35 0.37 1.68 26.74 21.01 - LU0520955575 - -
D2 Hgd PLN Accumulating 8.86 0.14 1.61 10.71 8.34 - LU0827884684 - -
D2 Hgd SGD Accumulating 7.55 0.12 1.62 9.10 7.10 - LU0827884767 - -
A3 HKD Monthly 25.66 0.41 1.62 31.29 24.14 - LU0388349754 - -
E2 USD Accumulating 19.64 0.32 1.66 23.55 18.46 - LU0374975414 - -
D3 HKD Monthly 106.18 1.72 1.65 129.46 99.87 - LU0827885061 - -
I2 Hgd EUR Accumulating 6.90 0.11 1.62 8.34 6.50 - LU0473186707 - -
A6 Hgd GBP Monthly 6.76 0.10 1.50 8.46 6.37 - LU1408528302 - -
E2 EUR Accumulating 17.84 0.27 1.54 21.54 17.09 - LU0278459671 - -
X2 EUR Accumulating 5.73 0.08 1.42 6.91 5.49 - LU0531082021 - -
A8 Hgd NZD Monthly 7.26 0.12 1.68 9.00 6.84 - LU1408528724 - -
D4 USD Annual 13.51 0.22 1.66 16.65 12.70 - LU0827885228 - -
A2 Hgd CHF Accumulating 6.39 0.11 1.75 7.72 6.01 - LU0623004180 - -
X2 USD Accumulating 6.31 0.10 1.61 7.54 5.93 - LU0344905624 - -
A2 CZK Accumulating 520.60 9.46 1.85 573.35 507.04 - LU1791177113 - -
Class AI2 EUR - 9.21 0.14 1.54 11.11 8.83 - LU1960220587 - -
Class X5 Hedged GBP - 8.18 0.13 1.61 10.36 7.83 - LU1954752702 - -
A2 Hgd PLN Accumulating 8.53 0.13 1.55 10.33 8.04 - LU0480535052 - -
A6 Hgd HKD Monthly 72.75 1.19 1.66 89.19 68.40 - LU1408528484 - -
A3 Hgd AUD Monthly 5.45 0.08 1.49 6.73 5.13 - LU0575500318 - -
E2 Hgd EUR Accumulating 6.22 0.10 1.63 7.53 5.85 - LU0474536231 - -
A6 Hgd CAD Monthly 7.21 0.12 1.69 8.90 6.78 - LU1408528641 - -

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