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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

-20.14 18.29 7.60 -14.12 7.88
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 Sep 30, 2019

-19.77 17.06 7.32 -7.40 10.13
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 Dec 12, 2019 USD 3,862.071
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Jul 15, 2008
Asset Class Fixed Income
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 LU0374975414
Bloomberg Ticker BGFLEEU
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL B3BP1R8
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Nov 30, 2019 9.13
5y Volatility - Benchmark as of Nov 30, 2019 11.04
5y Beta as of Nov 30, 2019 1.052

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 Nov 29, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.42
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.86
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.83
HUNGARY (REPUBLIC OF) 3 06/26/2024 1.83
RUSSIAN FEDERATION 7.7 03/23/2033 1.81
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.81
PERU (REPUBLIC OF) 6.95 08/12/2031 1.57
RUSSIAN FEDERATION 8.5 09/17/2031 1.53
PERU (REPUBLIC OF) 6.35 08/12/2028 1.51
MEXICO (UNITED MEXICAN STATES) 10 12/05/2024 1.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 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
E2 USD Accumulating 23.02 0.16 0.70 23.17 20.62 - LU0374975414 - -
D2 USD Accumulating 26.08 0.19 0.73 26.21 23.12 - LU0383940458 - -
Class AI5 EUR - 10.53 0.05 0.48 10.62 10.27 - LU1960220660 - -
A1 EUR Daily 3.50 0.01 0.29 3.56 3.23 - LU0278461065 - -
A2 Hgd SGD Accumulating 8.57 0.06 0.71 8.62 7.70 - LU0358998713 - -
Class I3 Hedged GBP Monthly 6.94 0.05 0.73 7.14 6.62 - LU0995336418 - -
A1 USD Daily 3.90 0.03 0.78 3.97 3.64 - LU0278477574 - -
D3 Hgd GBP Monthly 6.91 0.05 0.73 7.11 6.59 - LU0995345831 - -
A2 CHF Accumulating 24.18 0.15 0.62 24.56 21.82 - LU0938162186 - -
X2 GBP Accumulating 5.60 0.05 0.90 5.95 5.17 - LU1688375267 - -
A8 Hgd AUD Monthly 7.02 0.05 0.72 7.26 6.79 - LU1133072774 - -
I5 EUR Quarterly 8.79 0.03 0.34 8.87 8.02 - LU0995350831 - -
Class S3 Hedged GBP - 10.47 0.07 0.67 10.78 10.00 - LU1911699996 - -
A2 Hgd EUR Accumulating 7.75 0.05 0.65 7.84 7.13 - LU0359002093 - -
I5 USD Quarterly 9.78 0.07 0.72 9.89 9.15 - LU1495982867 - -
C2 USD Accumulating 20.90 0.15 0.72 21.05 18.86 - LU0278476923 - -
X2 Hgd GBP Accumulating 10.26 0.07 0.69 10.32 9.23 - LU1505939139 - -
X2 AUD Accumulating 10.68 0.00 0.00 10.82 9.04 - LU1554267051 - -
D2 CHF Accumulating 25.68 0.15 0.59 26.08 23.06 - LU1065150267 - -
I2 EUR Accumulating 23.47 0.10 0.43 23.67 20.49 - LU1559746307 - -
I2 CHF - 25.72 0.16 0.63 26.11 23.06 - LU1781817694 - -
A3 HKD Monthly 30.64 0.18 0.59 31.29 28.67 - LU0388349754 - -
D2 Hgd CHF Accumulating 9.07 0.06 0.67 9.16 8.33 - LU1688375184 - -
A3 EUR Monthly 3.53 0.02 0.57 3.59 3.25 - LU0278457469 - -
A4 USD Annual 15.75 0.11 0.70 16.55 14.75 - LU0548402170 - -
D2 Hgd EUR Accumulating 7.92 0.05 0.64 8.00 7.25 - LU0622213642 - -
A3 USD Monthly 3.93 0.03 0.77 4.01 3.67 - LU0278470132 - -
A6 USD Monthly 8.69 0.06 0.70 8.94 8.33 - LU1408528211 - -
I2 GBP - 19.86 0.19 0.97 21.15 18.42 - LU1741217027 - -
A2 EUR Accumulating 22.07 0.10 0.46 22.27 19.38 - LU0278457204 - -
D3 USD Monthly 16.24 0.12 0.74 16.58 15.18 - LU0523291242 - -
A6 Hgd SGD Monthly 7.96 0.06 0.76 8.22 7.69 - LU1676225185 - -
A4 EUR Annual 14.16 0.06 0.43 14.82 13.07 - LU0478974834 - -
D3 Hgd AUD Monthly 6.55 0.05 0.77 6.72 6.19 - LU0827884841 - -
I2 USD Accumulating 26.11 0.19 0.73 26.25 23.12 - LU0520955575 - -
A2 USD Accumulating 24.55 0.18 0.74 24.69 21.88 - LU0278470058 - -
A2 Hgd SEK Accumulating 92.10 0.63 0.69 93.09 84.62 - LU1715605868 - -
D2 EUR Accumulating 23.44 0.10 0.43 23.64 20.49 - LU0329592702 - -
Class E5 Hedged EUR Quarterly 6.59 0.05 0.76 6.78 6.36 - LU1062843260 - -
I2 Hgd EUR Accumulating 8.17 0.06 0.74 8.24 7.46 - LU0473186707 - -
C1 USD Daily 3.89 0.02 0.52 3.97 3.64 - LU0278478119 - -
D5 GBP Quarterly 8.82 0.08 0.92 9.53 8.45 - LU1694209807 - -
E2 EUR Accumulating 20.69 0.08 0.39 20.89 18.27 - LU0278459671 - -
D2 Hgd GBP Accumulating 14.82 0.10 0.68 14.92 13.42 - LU0827885491 - -
D3 HKD Monthly 126.72 0.75 0.60 129.46 118.60 - LU0827885061 - -
D3 EUR Monthly 14.60 0.07 0.48 14.85 13.45 - LU0827884924 - -
D4 EUR Annual 14.20 0.06 0.42 14.91 13.10 - LU0827885145 - -
D2 Hgd PLN Accumulating 10.47 0.07 0.67 10.53 9.39 - LU0827884684 - -
C2 EUR Accumulating 18.79 0.08 0.43 18.99 16.71 - LU0278457972 - -
D2 Hgd SGD Accumulating 8.89 0.06 0.68 8.94 7.95 - LU0827884767 - -
A6 Hgd GBP Monthly 8.16 0.06 0.74 8.52 7.97 - LU1408528302 - -
Class X5 Hedged GBP - 10.10 0.03 0.30 10.36 9.76 - LU1954752702 - -
X2 EUR Accumulating 6.62 0.03 0.46 6.67 5.75 - LU0531082021 - -
E2 Hgd EUR Accumulating 7.38 0.05 0.68 7.49 6.82 - LU0474536231 - -
A2 Hgd PLN Accumulating 10.10 0.07 0.70 10.16 9.10 - LU0480535052 - -
Class AI2 EUR - 10.67 0.05 0.47 10.77 9.83 - LU1960220587 - -
A6 Hgd HKD Monthly 86.57 0.62 0.72 89.42 83.59 - LU1408528484 - -
D4 USD Annual 15.79 0.11 0.70 16.65 14.78 - LU0827885228 - -
A2 CZK Accumulating 563.04 2.38 0.42 568.77 500.04 - LU1791177113 - -
A2 Hgd CHF Accumulating 7.57 0.05 0.66 7.67 6.99 - LU0623004180 - -
A8 Hgd NZD Monthly 8.74 0.07 0.81 9.02 8.43 - LU1408528724 - -
A3 Hgd AUD Monthly 6.55 0.04 0.61 6.73 6.19 - LU0575500318 - -
X2 USD Accumulating 7.36 0.05 0.68 7.40 6.49 - LU0344905624 - -
A6 Hgd CAD Monthly 8.63 0.06 0.70 8.94 8.36 - LU1408528641 - -

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