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Fixed Income

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
30-Sep-2014
To
30-Sep-2015
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
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Sep 30, 2019

-9.01 19.15 3.24 -11.59 15.71
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 Sep 30, 2019

-9.20 16.27 2.02 -5.75 17.34
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 Nov 15, 2019 USD 3,827.025
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Nov 12, 2007
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 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 Oct 31, 2019 7.42
5y Volatility - Benchmark as of Oct 31, 2019 9.31
5y Beta as of Oct 31, 2019 1.078

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 Oct 31, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.60
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.89
HUNGARY (REPUBLIC OF) 3 06/26/2024 1.83
RUSSIAN FEDERATION 7.7 03/23/2033 1.77
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.76
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2022 1.72
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.71
MEXICO (UNITED MEXICAN STATES) 10 12/05/2024 1.61
PERU (REPUBLIC OF) 6.95 08/12/2031 1.58
PERU (REPUBLIC OF) 6.35 08/12/2028 1.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 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
D2 EUR Accumulating 23.26 0.03 0.13 23.64 20.36 - LU0329592702 - -
D2 Hgd CHF Accumulating 8.95 0.05 0.56 9.16 8.32 - LU1688375184 - -
D2 CHF Accumulating 25.44 0.16 0.63 26.08 22.96 - LU1065150267 - -
Class S3 Hedged GBP - 10.38 0.06 0.58 10.78 10.00 - LU1911699996 - -
C2 USD Accumulating 20.63 0.12 0.59 21.05 18.82 - LU0278476923 - -
A2 CHF Accumulating 23.96 0.15 0.63 24.56 21.72 - LU0938162186 - -
D2 USD Accumulating 25.70 0.15 0.59 26.21 23.04 - LU0383940458 - -
I5 USD Quarterly 9.64 0.05 0.52 9.89 9.12 - LU1495982867 - -
I2 EUR Accumulating 23.29 0.03 0.13 23.67 20.35 - LU1559746307 - -
Class AI5 EUR - 10.45 0.01 0.10 10.62 10.27 - LU1960220660 - -
Class I3 Hedged GBP Monthly 6.87 0.04 0.59 7.14 6.62 - LU0995336418 - -
I5 EUR Quarterly 8.73 0.02 0.23 8.87 8.02 - LU0995350831 - -
X2 Hgd GBP Accumulating 10.12 0.06 0.60 10.32 9.20 - LU1505939139 - -
I2 GBP - 19.94 0.02 0.10 21.15 18.02 - LU1741217027 - -
A1 EUR Daily 3.49 0.01 0.29 3.56 3.21 - LU0278461065 - -
A2 USD Accumulating 24.20 0.14 0.58 24.69 21.81 - LU0278470058 - -
I2 CHF - 25.47 0.16 0.63 26.11 22.95 - LU1781817694 - -
D2 Hgd EUR Accumulating 7.82 0.04 0.51 8.00 7.24 - LU0622213642 - -
A2 Hgd SGD Accumulating 8.45 0.05 0.60 8.62 7.68 - LU0358998713 - -
A2 EUR Accumulating 21.91 0.04 0.18 22.27 19.27 - LU0278457204 - -
A1 USD Daily 3.85 0.02 0.52 3.97 3.64 - LU0278477574 - -
A3 EUR Monthly 3.52 0.01 0.28 3.59 3.24 - LU0278457469 - -
A8 Hgd AUD Monthly 6.96 0.04 0.58 7.26 6.79 - LU1133072774 - -
A3 HKD Monthly 30.41 0.16 0.53 31.29 28.67 - LU0388349754 - -
A4 EUR Annual 14.06 0.02 0.14 14.82 12.99 - LU0478974834 - -
A6 Hgd SGD Monthly 7.89 0.05 0.64 8.22 7.69 - LU1676225185 - -
A4 USD Annual 15.53 0.09 0.58 16.55 14.70 - LU0548402170 - -
D5 GBP Quarterly 8.86 0.01 0.11 9.53 8.45 - LU1694209807 - -
Class E5 Hedged EUR Quarterly 6.51 0.04 0.62 6.78 6.36 - LU1062843260 - -
D3 Hgd AUD Monthly 6.49 0.04 0.62 6.72 6.19 - LU0827884841 - -
C2 EUR Accumulating 18.67 0.03 0.16 18.99 16.62 - LU0278457972 - -
D2 Hgd GBP Accumulating 14.62 0.08 0.55 14.92 13.39 - LU0827885491 - -
X2 GBP Accumulating 5.62 0.00 0.00 5.95 5.05 - LU1688375267 - -
D3 Hgd GBP Monthly 6.85 0.04 0.59 7.11 6.59 - LU0995345831 - -
I2 Hgd EUR Accumulating 8.06 0.04 0.50 8.24 7.45 - LU0473186707 - -
E2 USD Accumulating 22.71 0.13 0.58 23.17 20.56 - LU0374975414 - -
C1 USD Daily 3.85 0.02 0.52 3.97 3.64 - LU0278478119 - -
A2 Hgd EUR Accumulating 7.66 0.05 0.66 7.84 7.13 - LU0359002093 - -
D3 USD Monthly 16.07 0.09 0.56 16.58 15.18 - LU0523291242 - -
A6 USD Monthly 8.62 0.05 0.58 8.94 8.33 - LU1408528211 - -
D4 EUR Annual 14.09 0.02 0.14 14.91 13.02 - LU0827885145 - -
I2 USD Accumulating 25.73 0.14 0.55 26.25 23.03 - LU0520955575 - -
A3 USD Monthly 3.89 0.03 0.78 4.01 3.67 - LU0278470132 - -
D2 Hgd PLN Accumulating 10.32 0.06 0.58 10.53 9.37 - LU0827884684 - -
D3 EUR Monthly 14.55 0.02 0.14 14.85 13.39 - LU0827884924 - -
D2 Hgd SGD Accumulating 8.77 0.05 0.57 8.94 7.93 - LU0827884767 - -
D3 HKD Monthly 125.80 0.66 0.53 129.46 118.60 - LU0827885061 - -
X2 AUD Accumulating 10.66 0.02 0.19 10.82 8.88 - LU1554267051 - -
A6 Hgd GBP Monthly 8.09 0.04 0.50 8.52 7.97 - LU1408528302 - -
E2 EUR Accumulating 20.55 0.03 0.15 20.89 18.16 - LU0278459671 - -
A2 Hgd SEK Accumulating 90.94 0.51 0.56 93.09 84.58 - LU1715605868 - -
X2 USD Accumulating 7.25 0.04 0.55 7.40 6.46 - LU0344905624 - -
D4 USD Annual 15.57 0.09 0.58 16.65 14.73 - LU0827885228 - -
X2 EUR Accumulating 6.56 0.01 0.15 6.67 5.71 - LU0531082021 - -
A6 Hgd HKD Monthly 85.79 0.52 0.61 89.42 83.59 - LU1408528484 - -
A2 Hgd PLN Accumulating 9.96 0.06 0.61 10.16 9.09 - LU0480535052 - -
Class X5 Hedged GBP - 9.97 0.01 0.10 10.36 9.76 - LU1954752702 - -
A6 Hgd CAD Monthly 8.56 0.05 0.59 8.94 8.36 - LU1408528641 - -
A3 Hgd AUD Monthly 6.49 0.04 0.62 6.73 6.19 - LU0575500318 - -
A2 Hgd CHF Accumulating 7.48 0.04 0.54 7.67 6.99 - LU0623004180 - -
E2 Hgd EUR Accumulating 7.30 0.05 0.69 7.49 6.82 - LU0474536231 - -
A2 CZK Accumulating 560.57 1.95 0.35 568.77 499.24 - LU1791177113 - -
Class AI2 EUR - 10.59 0.01 0.09 10.77 9.83 - LU1960220587 - -
A8 Hgd NZD Monthly 8.66 0.05 0.58 9.02 8.43 - LU1408528724 - -

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, 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