Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

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Performance

Performance

  • Returns

  From
31-Mar-2014
To
31-Mar-2015
From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Mar 31, 2019

-9.90 0.00 6.85 10.15 -14.61
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 Mar 31, 2019

-11.14 -1.65 5.47 12.99 -7.58
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
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of Jun 17, 2019 USD 4,321.991
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Oct 4, 2012
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 LU0827885491
Bloomberg Ticker BLED2RF
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3W47C1
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of May 31, 2019 9.91
5y Volatility - Benchmark as of May 31, 2019 10.88
5y Beta as of May 31, 2019 1.038

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 May 31, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.66
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 4.32
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.43
POLAND (REPUBLIC OF) 0 07/25/2020 2.25
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.19
Name Weight (%)
TREASURY NOTE 2.25 03/31/2020 2.12
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.89
MEXICO (UNITED MEXICAN STATES) 8 06/11/2020 1.84
POLAND (REPUBLIC OF) 5.25 10/25/2020 1.83
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.76
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 2019

% of Market Value

Type Fund Benchmark Net
as of May 31, 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
D2 Hgd GBP Accumulating 14.33 -0.01 -0.07 14.57 12.90 - LU0827885491 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
A2 Hgd SGD Accumulating 8.25 -0.01 -0.12 8.35 7.39 - LU0358998713 - -
X2 AUD Accumulating 10.23 0.02 0.20 10.23 8.61 - LU1554267051 - -
A8 Hgd AUD Monthly 7.00 -0.01 -0.14 7.62 6.65 - LU1133072774 - -
I2 EUR Accumulating 22.23 0.00 0.00 22.23 19.00 - LU1559746307 - -
D2 Hgd CHF Accumulating 8.82 0.00 0.00 9.09 8.05 - LU1688375184 - -
Class S3 Hedged GBP - 10.39 -0.01 -0.10 10.71 10.00 - LU1911699996 - -
A2 CHF Accumulating 23.52 0.03 0.13 23.74 20.35 - LU0938162186 - -
A2 Hgd EUR Accumulating 7.55 0.00 0.00 7.80 6.89 - LU0359002093 - -
X2 GBP Accumulating 5.58 0.01 0.18 5.58 4.77 - LU1688375267 - -
D3 Hgd GBP Monthly 6.86 0.00 0.00 7.34 6.43 - LU0995345831 - -
I5 EUR Quarterly 8.55 0.00 0.00 8.58 7.64 - LU0995350831 - -
D2 CHF Accumulating 24.92 0.03 0.12 25.13 21.48 - LU1065150267 - -
X2 Hgd GBP Accumulating 9.89 0.00 0.00 9.99 8.85 - LU1505939139 - -
I5 USD Quarterly 9.60 -0.01 -0.10 10.01 8.89 - LU1495982867 - -
C2 USD Accumulating 20.18 -0.02 -0.10 20.45 18.11 - LU0278476923 - -
I2 GBP - 19.84 0.04 0.20 19.84 17.03 - LU1741217027 - -
A1 USD Daily 3.83 0.00 0.00 4.01 3.54 - LU0278477574 - -
Class I3 Hedged GBP Monthly 6.88 -0.01 -0.15 7.37 6.46 - LU0995336418 - -
D2 USD Accumulating 24.97 -0.01 -0.04 25.11 22.10 - LU0383940458 - -
A1 EUR Daily 3.40 -0.01 -0.29 3.43 3.04 - LU0278461065 - -
A6 Hgd SGD Monthly 7.93 0.00 0.00 8.63 7.54 - LU1676225185 - -
A2 EUR Accumulating 20.96 -0.01 -0.05 20.97 18.01 - LU0278457204 - -
I2 CHF - 24.93 0.02 0.08 25.14 21.47 - LU1781817694 - -
A3 HKD Monthly 30.20 0.00 0.00 31.80 27.93 - LU0388349754 - -
C2 EUR Accumulating 17.96 0.00 0.00 17.96 15.58 - LU0278457972 - -
D2 Hgd EUR Accumulating 7.69 -0.01 -0.13 7.91 6.99 - LU0622213642 - -
D2 EUR Accumulating 22.21 -0.01 -0.05 22.22 19.01 - LU0329592702 - -
A3 USD Monthly 3.86 0.00 0.00 4.05 3.56 - LU0278470132 - -
A6 USD Monthly 8.63 0.00 0.00 9.31 8.14 - LU1408528211 - -
A4 USD Annual 15.88 -0.01 -0.06 16.99 14.11 - LU0548402170 - -
A3 EUR Monthly 3.43 0.00 0.00 3.47 3.06 - LU0278457469 - -
A2 Hgd SEK Accumulating 89.58 -0.05 -0.06 92.77 81.81 - LU1715605868 - -
A2 USD Accumulating 23.56 -0.01 -0.04 23.74 20.93 - LU0278470058 - -
A4 EUR Annual 14.13 0.00 0.00 14.53 12.14 - LU0478974834 - -
D3 USD Monthly 15.95 -0.01 -0.06 16.77 14.72 - LU0523291242 - -
D3 Hgd AUD Monthly 6.48 0.00 0.00 6.88 6.02 - LU0827884841 - -
D4 EUR Annual 14.20 -0.01 -0.07 14.63 12.15 - LU0827885145 - -
Class E5 Hedged EUR Quarterly 6.56 0.00 0.00 7.06 6.23 - LU1062843260 - -
D3 EUR Monthly 14.19 -0.01 -0.07 14.34 12.66 - LU0827884924 - -
A6 Hgd GBP Monthly 8.18 0.00 0.00 9.00 7.85 - LU1408528302 - -
D5 GBP Quarterly 9.05 0.02 0.22 9.06 8.10 - LU1694209807 - -
D2 Hgd SGD Accumulating 8.54 -0.01 -0.12 8.62 7.62 - LU0827884767 - -
I2 Hgd EUR Accumulating 7.93 0.00 0.00 8.14 7.19 - LU0473186707 - -
C1 USD Daily 3.82 -0.01 -0.26 4.01 3.53 - LU0278478119 - -
D3 HKD Monthly 124.93 -0.01 -0.01 131.60 115.55 - LU0827885061 - -
D2 Hgd PLN Accumulating 10.07 -0.01 -0.10 10.19 9.01 - LU0827884684 - -
I2 USD Accumulating 24.98 -0.01 -0.04 25.11 22.08 - LU0520955575 - -
E2 EUR Accumulating 19.70 -0.01 -0.05 19.71 17.00 - LU0278459671 - -
E2 USD Accumulating 22.15 -0.01 -0.05 22.36 19.76 - LU0374975414 - -
A8 Hgd NZD Monthly 8.70 -0.01 -0.11 9.46 8.26 - LU1408528724 - -
X2 USD Accumulating 7.03 0.00 0.00 7.05 6.19 - LU0344905624 - -
E2 Hgd EUR Accumulating 7.21 0.00 0.00 7.47 6.60 - LU0474536231 - -
A2 CZK Accumulating 535.64 0.36 0.07 535.81 463.69 - LU1791177113 - -
Class AI2 EUR - 10.13 -0.01 -0.10 10.14 9.83 - LU1960220587 - -
X2 EUR Accumulating 6.25 0.00 0.00 6.25 5.32 - LU0531082021 - -
A6 Hgd CAD Monthly 8.61 0.00 0.00 9.37 8.20 - LU1408528641 - -
Class X5 Hedged GBP - 10.08 -0.01 -0.10 10.12 9.76 - LU1954752702 - -
A6 Hgd HKD Monthly 86.11 -0.04 -0.05 93.80 81.97 - LU1408528484 - -
A2 Hgd PLN Accumulating 9.74 0.00 0.00 9.89 8.75 - LU0480535052 - -
A2 Hgd CHF Accumulating 7.39 0.00 0.00 7.64 6.76 - LU0623004180 - -
A3 Hgd AUD Monthly 6.48 -0.01 -0.15 6.88 6.02 - LU0575500318 - -
D4 USD Annual 15.96 -0.01 -0.06 17.10 14.13 - LU0827885228 - -

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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