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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

4.01 8.60 -6.53 5.62 -5.04
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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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Aug 11, 2020 USD 2,420.348
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Jun 30, 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 LU0520955575
Bloomberg Ticker BGLEMI2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B3XYJF7
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jul 31, 2020 12.14
5y Volatility - Benchmark as of Jul 31, 2020 12.17
5y Beta as of Jul 31, 2020 1.122

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class I2, as of Jul 31, 2020 rated against 696 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 Jul 31, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 3.05
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.44
PERU (REPUBLIC OF) 6.95 08/12/2031 2.24
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 2.11
HUNGARY (REPUBLIC OF) 3 08/21/2030 1.95
Name Weight (%)
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.93
CZECH REPUBLIC 2 10/13/2033 1.93
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.89
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.87
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.84
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 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
I2 USD Accumulating 25.37 0.06 0.24 26.74 21.01 - LU0520955575 - -
A2 CHF Accumulating 21.69 0.03 0.14 24.56 19.35 - LU0938162186 - -
A8 Hgd AUD Monthly 6.41 0.01 0.16 7.15 5.49 - LU1133072774 - -
C2 USD Accumulating 20.05 0.05 0.25 21.37 16.73 - LU0278476923 - -
D2 CHF Accumulating 23.12 0.03 0.13 26.08 20.58 - LU1065150267 - -
X2 AUD Accumulating 10.01 0.04 0.40 11.22 9.88 - LU1554267051 - -
A1 USD Daily 3.66 0.01 0.27 3.97 3.09 - LU0278477574 - -
D2 Hgd CHF Accumulating 8.64 0.02 0.23 9.25 7.21 - LU1688375184 - -
Class I3 Hedged GBP Monthly 6.39 0.01 0.16 7.06 5.44 - LU0995336418 - -
A1 EUR Daily 3.10 0.00 0.00 3.62 2.86 - LU0278461065 - -
X2 GBP Accumulating 5.47 0.00 0.00 5.90 4.95 - LU1688375267 - -
A2 Hgd SGD Accumulating 8.20 0.02 0.24 8.76 6.83 - LU0358998713 - -
X2 Hgd GBP Accumulating 9.83 0.03 0.31 10.50 8.17 - LU1505939139 - -
Class S3 Hedged GBP - 9.65 0.02 0.21 10.67 8.21 - LU1911699996 - -
D3 Hgd GBP Monthly 6.37 0.02 0.31 7.04 5.42 - LU0995345831 - -
I5 USD Quarterly 9.11 0.02 0.22 9.88 7.63 - LU1495982867 - -
D2 USD Accumulating 25.31 0.06 0.24 26.70 20.97 - LU0383940458 - -
I5 EUR Quarterly 7.73 0.02 0.26 9.05 7.07 - LU0995350831 - -
Class AI5 EUR - 9.26 0.02 0.22 10.84 8.47 - LU1960220660 - -
I2 EUR Accumulating 21.53 0.06 0.28 24.48 19.45 - LU1559746307 - -
A2 Hgd EUR Accumulating 7.36 0.02 0.27 7.91 6.16 - LU0359002093 - -
A3 HKD Monthly 28.54 0.07 0.25 31.17 24.14 - LU0388349754 - -
D2 Hgd EUR Accumulating 7.54 0.02 0.27 8.09 6.30 - LU0622213642 - -
A3 EUR Monthly 3.12 0.00 0.00 3.64 2.88 - LU0278457469 - -
Class E5 Hedged EUR Quarterly 6.02 0.01 0.17 6.65 5.09 - LU1062843260 - -
A4 EUR Annual 12.93 0.03 0.23 14.75 11.71 - LU0478974834 - -
A6 Hgd SGD Monthly 7.28 0.01 0.14 8.11 6.25 - LU1676225185 - -
A2 USD Accumulating 23.74 0.05 0.21 25.12 19.72 - LU0278470058 - -
A2 Hgd SEK Accumulating 87.41 0.20 0.23 94.00 73.09 - LU1715605868 - -
A4 USD Annual 15.23 0.03 0.20 16.12 12.65 - LU0548402170 - -
I2 CHF - 23.18 0.03 0.13 26.11 20.62 - LU1781817694 - -
D5 GBP Quarterly 8.24 0.01 0.12 9.44 7.56 - LU1694209807 - -
A2 EUR Accumulating 20.15 0.05 0.25 22.99 18.26 - LU0278457204 - -
I2 GBP - 19.35 0.02 0.10 20.95 17.54 - LU1741217027 - -
A6 USD Monthly 8.04 0.02 0.25 8.86 6.87 - LU1408528211 - -
D3 USD Monthly 15.23 0.04 0.26 16.55 12.88 - LU0523291242 - -
A3 USD Monthly 3.68 0.01 0.27 4.00 3.11 - LU0278470132 - -
C2 EUR Accumulating 17.02 0.05 0.29 19.53 15.49 - LU0278457972 - -
D3 Hgd AUD Monthly 6.03 0.01 0.17 6.67 5.13 - LU0827884841 - -
D2 EUR Accumulating 21.48 0.06 0.28 24.44 19.42 - LU0329592702 - -
D3 EUR Monthly 12.92 0.03 0.23 15.07 11.92 - LU0827884924 - -
D2 Hgd SGD Accumulating 8.54 0.02 0.23 9.10 7.10 - LU0827884767 - -
E2 USD Accumulating 22.19 0.05 0.23 23.55 18.46 - LU0374975414 - -
D2 Hgd GBP Accumulating 14.13 0.03 0.21 15.15 11.78 - LU0827885491 - -
C1 USD Daily 3.65 0.00 0.00 3.97 3.08 - LU0278478119 - -
D4 EUR Annual 13.01 0.04 0.31 14.80 11.76 - LU0827885145 - -
I2 Hgd EUR Accumulating 7.79 0.02 0.26 8.34 6.50 - LU0473186707 - -
D2 Hgd PLN Accumulating 10.02 0.02 0.20 10.71 8.34 - LU0827884684 - -
E2 EUR Accumulating 18.83 0.05 0.27 21.54 17.09 - LU0278459671 - -
D3 HKD Monthly 118.03 0.27 0.23 128.96 99.87 - LU0827885061 - -
A6 Hgd GBP Monthly 7.40 0.01 0.14 8.30 6.37 - LU1408528302 - -
Class AI2 EUR - 9.74 0.02 0.21 11.11 8.83 - LU1960220587 - -
X2 EUR Accumulating 6.09 0.02 0.33 6.91 5.49 - LU0531082021 - -
A2 CZK Accumulating 526.59 0.13 0.02 573.35 507.04 - LU1791177113 - -
X2 USD Accumulating 7.18 0.02 0.28 7.54 5.93 - LU0344905624 - -
Class X5 Hedged GBP - 9.30 0.02 0.22 10.25 7.83 - LU1954752702 - -
A2 Hgd PLN Accumulating 9.63 0.02 0.21 10.33 8.04 - LU0480535052 - -
A2 Hgd CHF Accumulating 7.19 0.02 0.28 7.72 6.01 - LU0623004180 - -
E2 Hgd EUR Accumulating 6.98 0.01 0.14 7.53 5.85 - LU0474536231 - -
A8 Hgd NZD Monthly 7.98 0.02 0.25 8.90 6.84 - LU1408528724 - -
D4 USD Annual 15.33 0.04 0.26 16.17 12.70 - LU0827885228 - -
A6 Hgd HKD Monthly 80.01 0.18 0.23 88.22 68.40 - LU1408528484 - -
A6 Hgd CAD Monthly 7.88 0.01 0.13 8.79 6.78 - LU1408528641 - -
A3 Hgd AUD Monthly 6.03 0.01 0.17 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