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

as of Jun 30, 2019

-14.85 1.81 5.33 -10.24 1.34
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, 2019

-15.39 1.99 6.41 -2.33 8.99
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 Jul 19, 2019 USD 4,588.164
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date May 17, 2011
Asset Class Fixed Income
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 LU0623004180
Bloomberg Ticker BGLEA2C
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B52RT84
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CHF 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jun 30, 2019 9.84
5y Volatility - Benchmark as of Jun 30, 2019 11.15
5y Beta as of Jun 30, 2019 1.024

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 Jun 28, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.69
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 3.08
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.41
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 2.20
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.00
Name Weight (%)
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.87
CZECH REPUBLIC 0.95 05/15/2030 1.85
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.83
CHILE (REPUBLIC OF) 4.5 03/01/2026 1.73
POLAND (REPUBLIC OF) 2.5 07/25/2027 1.71
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 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
A2 Hgd CHF Accumulating 7.66 0.04 0.52 7.66 6.76 - LU0623004180 - -
I5 EUR Quarterly 8.80 0.04 0.46 8.80 7.64 - LU0995350831 - -
X2 GBP Accumulating 5.84 0.00 0.00 5.86 4.77 - LU1688375267 - -
A1 EUR Daily 3.53 0.01 0.28 3.53 3.04 - LU0278461065 - -
D3 Hgd GBP Monthly 7.10 0.03 0.42 7.34 6.43 - LU0995345831 - -
X2 AUD Accumulating 10.36 0.01 0.10 10.44 8.61 - LU1554267051 - -
A8 Hgd AUD Monthly 7.24 0.03 0.42 7.62 6.65 - LU1133072774 - -
I2 EUR Accumulating 23.16 0.08 0.35 23.16 19.00 - LU1559746307 - -
A2 Hgd SGD Accumulating 8.58 0.04 0.47 8.58 7.39 - LU0358998713 - -
C2 USD Accumulating 20.99 0.10 0.48 20.99 18.11 - LU0278476923 - -
I5 USD Quarterly 9.88 0.05 0.51 10.01 8.89 - LU1495982867 - -
A2 Hgd EUR Accumulating 7.83 0.03 0.38 7.83 6.89 - LU0359002093 - -
Class I3 Hedged GBP Monthly 7.13 0.04 0.56 7.37 6.46 - LU0995336418 - -
D2 Hgd CHF Accumulating 9.15 0.04 0.44 9.15 8.05 - LU1688375184 - -
D2 USD Accumulating 26.00 0.13 0.50 26.00 22.10 - LU0383940458 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
X2 Hgd GBP Accumulating 10.28 0.05 0.49 10.28 8.85 - LU1505939139 - -
A1 USD Daily 3.97 0.02 0.51 4.01 3.54 - LU0278477574 - -
Class S3 Hedged GBP - 10.76 0.05 0.47 10.76 10.00 - LU1911699996 - -
D2 CHF Accumulating 25.51 -0.03 -0.12 25.56 21.48 - LU1065150267 - -
A2 CHF Accumulating 24.06 -0.03 -0.12 24.11 20.35 - LU0938162186 - -
I2 GBP - 20.76 0.01 0.05 20.83 17.03 - LU1741217027 - -
D2 Hgd EUR Accumulating 7.99 0.04 0.50 7.99 6.99 - LU0622213642 - -
I2 CHF - 25.53 -0.03 -0.12 25.58 21.47 - LU1781817694 - -
A3 EUR Monthly 3.56 0.01 0.28 3.56 3.06 - LU0278457469 - -
Class E5 Hedged EUR Quarterly 6.74 0.03 0.45 7.06 6.23 - LU1062843260 - -
D5 GBP Quarterly 9.35 0.00 0.00 9.39 8.10 - LU1694209807 - -
A2 EUR Accumulating 21.83 0.08 0.37 21.83 18.01 - LU0278457204 - -
A3 HKD Monthly 31.23 0.11 0.35 31.80 27.93 - LU0388349754 - -
A6 Hgd SGD Monthly 8.19 0.04 0.49 8.63 7.54 - LU1676225185 - -
A2 USD Accumulating 24.52 0.12 0.49 24.52 20.93 - LU0278470058 - -
A6 USD Monthly 8.93 0.04 0.45 9.31 8.14 - LU1408528211 - -
A4 USD Annual 16.53 0.08 0.49 16.99 14.11 - LU0548402170 - -
A2 Hgd SEK Accumulating 92.97 0.44 0.48 92.97 81.81 - LU1715605868 - -
A3 USD Monthly 4.00 0.02 0.50 4.05 3.56 - LU0278470132 - -
D3 EUR Monthly 14.74 0.06 0.41 14.74 12.66 - LU0827884924 - -
I2 Hgd EUR Accumulating 8.23 0.04 0.49 8.23 7.19 - LU0473186707 - -
D3 Hgd AUD Monthly 6.71 0.03 0.45 6.88 6.02 - LU0827884841 - -
D3 USD Monthly 16.55 0.08 0.49 16.77 14.72 - LU0523291242 - -
A4 EUR Annual 14.71 0.05 0.34 14.71 12.14 - LU0478974834 - -
D2 EUR Accumulating 23.14 0.08 0.35 23.14 19.01 - LU0329592702 - -
C1 USD Daily 3.97 0.02 0.51 4.01 3.53 - LU0278478119 - -
D2 Hgd GBP Accumulating 14.89 0.07 0.47 14.89 12.90 - LU0827885491 - -
D4 EUR Annual 14.80 0.05 0.34 14.80 12.15 - LU0827885145 - -
C2 EUR Accumulating 18.68 0.06 0.32 18.68 15.58 - LU0278457972 - -
D2 Hgd SGD Accumulating 8.89 0.04 0.45 8.89 7.62 - LU0827884767 - -
I2 USD Accumulating 26.02 0.13 0.50 26.02 22.08 - LU0520955575 - -
D3 HKD Monthly 129.21 0.46 0.36 131.60 115.55 - LU0827885061 - -
E2 USD Accumulating 23.04 0.11 0.48 23.04 19.76 - LU0374975414 - -
E2 EUR Accumulating 20.51 0.07 0.34 20.51 17.00 - LU0278459671 - -
D2 Hgd PLN Accumulating 10.48 0.05 0.48 10.48 9.01 - LU0827884684 - -
E2 Hgd EUR Accumulating 7.48 0.04 0.54 7.48 6.60 - LU0474536231 - -
A2 Hgd PLN Accumulating 10.13 0.05 0.50 10.13 8.75 - LU0480535052 - -
A3 Hgd AUD Monthly 6.72 0.03 0.45 6.88 6.02 - LU0575500318 - -
A6 Hgd CAD Monthly 8.90 0.05 0.56 9.37 8.20 - LU1408528641 - -
X2 EUR Accumulating 6.52 0.03 0.46 6.52 5.32 - LU0531082021 - -
Class X5 Hedged GBP - 10.30 0.02 0.19 10.32 9.76 - LU1954752702 - -
D4 USD Annual 16.62 0.08 0.48 17.10 14.13 - LU0827885228 - -
Class AI2 EUR - 10.55 0.03 0.29 10.55 9.83 - LU1960220587 - -
A8 Hgd NZD Monthly 8.99 0.04 0.45 9.46 8.26 - LU1408528724 - -
X2 USD Accumulating 7.32 0.04 0.55 7.32 6.19 - LU0344905624 - -
A6 Hgd GBP Monthly 8.45 0.04 0.48 9.00 7.85 - LU1408528302 - -
A6 Hgd HKD Monthly 89.10 0.43 0.48 93.80 81.97 - LU1408528484 - -
A2 CZK Accumulating 557.61 1.01 0.18 557.61 463.69 - LU1791177113 - -

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
Director, Emerging Markets Debt team within BlackRock Fundamental Fixed Income

Michal Wozniak

Literature

Literature

 

 

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