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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

3.84 8.46 -6.69 5.48 -5.20
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 Oct 1, 2020 USD 2,330.597
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Aug 9, 2010
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 LU0523291242
Bloomberg Ticker BGFLED3
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B40T0W6
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
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 1.127

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class D3, as of Aug 31, 2020 rated against 694 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 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
D3 USD Monthly 14.86 0.12 0.81 16.55 12.88 - LU0523291242 - -
Class AI5 EUR - 9.04 0.04 0.44 10.84 8.47 - LU1960220660 - -
D2 Hgd CHF Accumulating 8.48 0.07 0.83 9.25 7.21 - LU1688375184 - -
I2 EUR Accumulating 21.26 0.10 0.47 24.48 19.45 - LU1559746307 - -
D3 Hgd GBP Monthly 6.21 0.05 0.81 7.04 5.42 - LU0995345831 - -
X2 Hgd GBP Accumulating 9.66 0.08 0.84 10.50 8.17 - LU1505939139 - -
Class I3 Hedged GBP Monthly 6.23 0.05 0.81 7.06 5.44 - LU0995336418 - -
D2 USD Accumulating 24.89 0.20 0.81 26.70 20.97 - LU0383940458 - -
X2 AUD Accumulating 9.84 0.03 0.31 11.22 9.75 - LU1554267051 - -
A1 USD Daily 3.57 0.03 0.85 3.97 3.09 - LU0278477574 - -
I5 EUR Quarterly 7.54 0.03 0.40 9.05 7.07 - LU0995350831 - -
X2 GBP Accumulating 5.49 0.04 0.73 5.88 4.95 - LU1688375267 - -
Class S3 Hedged GBP - 9.41 0.08 0.86 10.67 8.21 - LU1911699996 - -
D2 CHF Accumulating 22.86 0.05 0.22 26.08 20.58 - LU1065150267 - -
A8 Hgd AUD Monthly 6.23 0.05 0.81 7.15 5.49 - LU1133072774 - -
C2 USD Accumulating 19.68 0.17 0.87 21.37 16.73 - LU0278476923 - -
I5 USD Quarterly 8.85 0.07 0.80 9.88 7.63 - LU1495982867 - -
A2 CHF Accumulating 21.44 0.06 0.28 24.56 19.35 - LU0938162186 - -
A2 Hgd SGD Accumulating 8.06 0.07 0.88 8.76 6.83 - LU0358998713 - -
A1 EUR Daily 3.04 0.01 0.33 3.62 2.86 - LU0278461065 - -
A2 Hgd EUR Accumulating 7.22 0.06 0.84 7.91 6.16 - LU0359002093 - -
A3 EUR Monthly 3.06 0.01 0.33 3.64 2.88 - LU0278457469 - -
A2 Hgd SEK Accumulating 85.77 0.73 0.86 94.00 73.09 - LU1715605868 - -
I2 GBP - 19.39 0.14 0.73 20.87 17.54 - LU1741217027 - -
A2 EUR Accumulating 19.88 0.09 0.45 22.99 18.26 - LU0278457204 - -
A4 EUR Annual 12.18 0.06 0.50 14.75 11.71 - LU0478974834 - -
A3 USD Monthly 3.59 0.03 0.84 4.00 3.11 - LU0278470132 - -
I2 CHF - 22.92 0.05 0.22 26.11 20.62 - LU1781817694 - -
D2 Hgd EUR Accumulating 7.41 0.07 0.95 8.09 6.30 - LU0622213642 - -
A4 USD Annual 14.29 0.12 0.85 16.12 12.65 - LU0548402170 - -
A3 HKD Monthly 27.85 0.23 0.83 31.17 24.14 - LU0388349754 - -
D5 GBP Quarterly 8.15 0.05 0.62 9.28 7.56 - LU1694209807 - -
A6 Hgd SGD Monthly 7.07 0.05 0.71 8.11 6.25 - LU1676225185 - -
D3 EUR Monthly 12.66 0.06 0.48 15.07 11.92 - LU0827884924 - -
Class E5 Hedged EUR Quarterly 5.85 0.05 0.86 6.65 5.09 - LU1062843260 - -
A6 USD Monthly 7.81 0.06 0.77 8.86 6.87 - LU1408528211 - -
D2 EUR Accumulating 21.21 0.10 0.47 24.44 19.42 - LU0329592702 - -
A2 USD Accumulating 23.34 0.20 0.86 25.12 19.72 - LU0278470058 - -
D2 Hgd GBP Accumulating 13.89 0.12 0.87 15.15 11.78 - LU0827885491 - -
D3 Hgd AUD Monthly 5.88 0.05 0.86 6.67 5.13 - LU0827884841 - -
D4 EUR Annual 12.20 0.06 0.49 14.80 11.76 - LU0827885145 - -
C2 EUR Accumulating 16.76 0.08 0.48 19.53 15.49 - LU0278457972 - -
E2 EUR Accumulating 18.57 0.09 0.49 21.54 17.09 - LU0278459671 - -
D2 Hgd PLN Accumulating 9.84 0.08 0.82 10.71 8.34 - LU0827884684 - -
A6 Hgd GBP Monthly 7.18 0.06 0.84 8.30 6.37 - LU1408528302 - -
I2 USD Accumulating 24.96 0.21 0.85 26.74 21.01 - LU0520955575 - -
C1 USD Daily 3.57 0.03 0.85 3.97 3.08 - LU0278478119 - -
D2 Hgd SGD Accumulating 8.40 0.07 0.84 9.10 7.10 - LU0827884767 - -
I2 Hgd EUR Accumulating 7.65 0.07 0.92 8.34 6.50 - LU0473186707 - -
E2 USD Accumulating 21.80 0.18 0.83 23.55 18.46 - LU0374975414 - -
D3 HKD Monthly 115.20 0.97 0.85 128.96 99.87 - LU0827885061 - -
A2 CZK Accumulating 534.79 -1.82 -0.34 573.35 507.04 - LU1791177113 - -
X2 USD Accumulating 7.06 0.05 0.71 7.54 5.93 - LU0344905624 - -
A6 Hgd HKD Monthly 77.73 0.65 0.84 88.22 68.40 - LU1408528484 - -
Class AI2 EUR - 9.61 0.04 0.42 11.11 8.83 - LU1960220587 - -
X2 EUR Accumulating 6.02 0.03 0.50 6.91 5.49 - LU0531082021 - -
A6 Hgd CAD Monthly 7.65 0.06 0.79 8.79 6.78 - LU1408528641 - -
Class X5 Hedged GBP - 8.94 -0.01 -0.11 10.25 7.83 - LU1954752702 - -
A2 Hgd CHF Accumulating 7.05 0.06 0.86 7.72 6.01 - LU0623004180 - -
E2 Hgd EUR Accumulating 6.85 0.06 0.88 7.53 5.85 - LU0474536231 - -
A8 Hgd NZD Monthly 7.76 0.06 0.78 8.90 6.84 - LU1408528724 - -
A2 Hgd PLN Accumulating 9.45 0.08 0.85 10.33 8.04 - LU0480535052 - -
D4 USD Annual 14.32 0.12 0.85 16.17 12.70 - LU0827885228 - -
A3 Hgd AUD Monthly 5.88 0.05 0.86 6.67 5.13 - LU0575500318 - -

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