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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

4.25 8.24 -7.52 4.00 -7.85
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 Sep 21, 2020 USD 2,378.190
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Mar 4, 2011
Asset Class -
Morningstar Category Other Bond
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0575500318
Bloomberg Ticker BGFEA3H
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3NCN59
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment AUD 5000
Minimum Subsequent Investment -
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 1.144

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class A3 Hedged, as of Jul 31, 2018 rated against 1349 Other Bond 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
A3 Hgd AUD Monthly 5.98 -0.09 -1.48 6.67 5.13 - LU0575500318 - -
I5 USD Quarterly 8.96 -0.24 -2.61 9.88 7.63 - LU1495982867 - -
A2 CHF Accumulating 21.64 -0.19 -0.87 24.56 19.35 - LU0938162186 - -
D2 Hgd CHF Accumulating 8.59 -0.12 -1.38 9.25 7.21 - LU1688375184 - -
X2 Hgd GBP Accumulating 9.79 -0.14 -1.41 10.50 8.17 - LU1505939139 - -
X2 AUD Accumulating 9.90 -0.05 -0.50 11.22 9.75 - LU1554267051 - -
Class S3 Hedged GBP - 9.57 -0.14 -1.44 10.67 8.21 - LU1911699996 - -
A1 EUR Daily 3.08 -0.03 -0.96 3.62 2.86 - LU0278461065 - -
Class I3 Hedged GBP Monthly 6.34 -0.09 -1.40 7.06 5.44 - LU0995336418 - -
A1 USD Daily 3.62 -0.06 -1.63 3.97 3.09 - LU0278477574 - -
A8 Hgd AUD Monthly 6.34 -0.10 -1.55 7.15 5.49 - LU1133072774 - -
X2 GBP Accumulating 5.58 -0.02 -0.36 5.88 4.95 - LU1688375267 - -
I5 EUR Quarterly 7.63 -0.15 -1.93 9.05 7.07 - LU0995350831 - -
I2 EUR Accumulating 21.50 -0.16 -0.74 24.48 19.45 - LU1559746307 - -
A2 Hgd SGD Accumulating 8.16 -0.12 -1.45 8.76 6.83 - LU0358998713 - -
Class AI5 EUR - 9.15 -0.16 -1.72 10.84 8.47 - LU1960220660 - -
D2 CHF Accumulating 23.08 -0.20 -0.86 26.08 20.58 - LU1065150267 - -
D2 USD Accumulating 25.20 -0.36 -1.41 26.70 20.97 - LU0383940458 - -
A2 Hgd EUR Accumulating 7.31 -0.11 -1.48 7.91 6.16 - LU0359002093 - -
D3 Hgd GBP Monthly 6.31 -0.10 -1.56 7.04 5.42 - LU0995345831 - -
C2 USD Accumulating 19.93 -0.29 -1.43 21.37 16.73 - LU0278476923 - -
D2 Hgd EUR Accumulating 7.50 -0.11 -1.45 8.09 6.30 - LU0622213642 - -
I2 CHF - 23.14 -0.20 -0.86 26.11 20.62 - LU1781817694 - -
A4 EUR Annual 12.32 -0.08 -0.65 14.75 11.71 - LU0478974834 - -
A2 USD Accumulating 23.63 -0.34 -1.42 25.12 19.72 - LU0278470058 - -
A2 EUR Accumulating 20.11 -0.15 -0.74 22.99 18.26 - LU0278457204 - -
A2 Hgd SEK Accumulating 86.91 -1.26 -1.43 94.00 73.09 - LU1715605868 - -
A3 EUR Monthly 3.11 -0.02 -0.64 3.64 2.88 - LU0278457469 - -
A4 USD Annual 14.47 -0.21 -1.43 16.12 12.65 - LU0548402170 - -
I2 GBP - 19.70 -0.09 -0.45 20.87 17.54 - LU1741217027 - -
C2 EUR Accumulating 16.96 -0.12 -0.70 19.53 15.49 - LU0278457972 - -
D3 EUR Monthly 12.86 -0.09 -0.69 15.07 11.92 - LU0827884924 - -
A6 Hgd SGD Monthly 7.21 -0.10 -1.37 8.11 6.25 - LU1676225185 - -
Class E5 Hedged EUR Quarterly 5.93 -0.14 -2.31 6.65 5.09 - LU1062843260 - -
D5 GBP Quarterly 8.29 -0.14 -1.66 9.28 7.56 - LU1694209807 - -
A3 USD Monthly 3.65 -0.05 -1.35 4.00 3.11 - LU0278470132 - -
D2 EUR Accumulating 21.45 -0.15 -0.69 24.44 19.42 - LU0329592702 - -
D3 USD Monthly 15.11 -0.21 -1.37 16.55 12.88 - LU0523291242 - -
D3 Hgd AUD Monthly 5.98 -0.09 -1.48 6.67 5.13 - LU0827884841 - -
A6 USD Monthly 7.96 -0.11 -1.36 8.86 6.87 - LU1408528211 - -
C1 USD Daily 3.62 -0.05 -1.36 3.97 3.08 - LU0278478119 - -
D4 EUR Annual 12.33 -0.09 -0.72 14.80 11.76 - LU0827885145 - -
D2 Hgd SGD Accumulating 8.51 -0.12 -1.39 9.10 7.10 - LU0827884767 - -
I2 USD Accumulating 25.27 -0.36 -1.40 26.74 21.01 - LU0520955575 - -
D2 Hgd GBP Accumulating 14.07 -0.20 -1.40 15.15 11.78 - LU0827885491 - -
A3 HKD Monthly 28.30 -0.41 -1.43 31.17 24.14 - LU0388349754 - -
I2 Hgd EUR Accumulating 7.75 -0.11 -1.40 8.34 6.50 - LU0473186707 - -
D2 Hgd PLN Accumulating 9.97 -0.14 -1.38 10.71 8.34 - LU0827884684 - -
E2 USD Accumulating 22.08 -0.31 -1.38 23.55 18.46 - LU0374975414 - -
D3 HKD Monthly 117.08 -1.67 -1.41 128.96 99.87 - LU0827885061 - -
E2 EUR Accumulating 18.79 -0.13 -0.69 21.54 17.09 - LU0278459671 - -
A6 Hgd CAD Monthly 7.80 -0.11 -1.39 8.79 6.78 - LU1408528641 - -
E2 Hgd EUR Accumulating 6.94 -0.10 -1.42 7.53 5.85 - LU0474536231 - -
D4 USD Annual 14.49 -0.21 -1.43 16.17 12.70 - LU0827885228 - -
Class X5 Hedged GBP - 9.14 -0.25 -2.66 10.25 7.83 - LU1954752702 - -
A6 Hgd GBP Monthly 7.32 -0.11 -1.48 8.30 6.37 - LU1408528302 - -
X2 EUR Accumulating 6.09 -0.04 -0.65 6.91 5.49 - LU0531082021 - -
A2 CZK Accumulating 545.66 4.46 0.82 573.35 507.04 - LU1791177113 - -
X2 USD Accumulating 7.15 -0.10 -1.38 7.54 5.93 - LU0344905624 - -
Class AI2 EUR - 9.72 -0.07 -0.72 11.11 8.83 - LU1960220587 - -
A2 Hgd PLN Accumulating 9.58 -0.14 -1.44 10.33 8.04 - LU0480535052 - -
A8 Hgd NZD Monthly 7.90 -0.11 -1.37 8.90 6.84 - LU1408528724 - -
A2 Hgd CHF Accumulating 7.14 -0.11 -1.52 7.72 6.01 - LU0623004180 - -
A6 Hgd HKD Monthly 79.16 -1.13 -1.41 88.22 68.40 - LU1408528484 - -

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