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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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  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
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

19.16 3.28 -11.60 15.68 -8.76
Benchmark (%)

as of Sep 30, 2020

16.27 2.02 -5.75 17.34 -8.37
  1Y 3Y 5Y 10y Incept.
-8.76 -2.28 2.80 - 0.07
Benchmark (%)

as of Sep 30, 2020

-8.37 0.44 3.75 - 0.40
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-11.10 -0.55 -2.34 -8.76 -6.70 14.83 - 0.55
Benchmark (%)

as of Sep 30, 2020

-10.33 -0.07 -3.64 -8.37 1.33 20.20 - 3.25
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.

Key Facts

Key Facts

Size of Fund (Millions) as of Oct 26, 2020 USD 2,364.504
12m Trailing Yield as of Sep 30, 2020 5.50
Number of Holdings as of Sep 30, 2020 156
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Oct 4, 2012
Asset Class -
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index JP Morgan GBI-EM Global Diversified Index - in EUR
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.78%
ISIN LU0827884924
Bloomberg Ticker BGLED3E
Annual Management Fee 0.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8G3149
Bloomberg Benchmark Ticker JGENVUEG
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Sep 30, 2020 5.21%
Modified Duration as of Sep 30, 2020 5.81 yrs
Effective Duration as of Sep 30, 2020 5.73 yrs
Weighted Avg Maturity as of Sep 30, 2020 8.04 yrs
3y Volatility - Benchmark as of Sep 30, 2020 10.00
3y Beta as of Sep 30, 2020 1.216
5y Volatility - Benchmark as of Sep 30, 2020 9.66
5y Beta as of Sep 30, 2020 1.165
WAL to Worst as of Sep 30, 2020 8.04 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class D3, as of Feb 28, 2019 rated against 654 Global Emerging Markets Bond - Local Currency Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.32
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.88
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.44
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 2.00
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.97
Name Weight (%)
PERU (REPUBLIC OF) 6.35 08/12/2028 1.78
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.66
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.60
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.59
MEXICO (UNITED MEXICAN STATES) 7.5 06/03/2027 1.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 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
D3 EUR Monthly 12.73 0.02 0.16 15.07 11.92 - LU0827884924 - -
D2 Hgd CHF Accumulating 8.57 -0.01 -0.12 9.25 7.21 - LU1688375184 - -
I5 EUR Quarterly 7.58 0.01 0.13 9.05 7.07 - LU0995350831 - -
D3 Hgd GBP Monthly 6.28 -0.01 -0.16 7.04 5.42 - LU0995345831 - -
X2 GBP Accumulating 5.50 0.02 0.36 5.80 4.95 - LU1688375267 - -
Class S3 Hedged GBP - 9.52 -0.01 -0.10 10.67 8.21 - LU1911699996 - -
X2 AUD Accumulating 10.05 -0.01 -0.10 11.22 9.75 - LU1554267051 - -
A1 USD Daily 3.60 -0.01 -0.28 3.97 3.09 - LU0278477574 - -
I5 USD Quarterly 8.96 -0.01 -0.11 9.88 7.63 - LU1495982867 - -
X2 Hgd GBP Accumulating 9.78 -0.01 -0.10 10.50 8.17 - LU1505939139 - -
C2 USD Accumulating 19.88 -0.02 -0.10 21.37 16.73 - LU0278476923 - -
A8 Hgd AUD Monthly 6.30 -0.01 -0.16 7.15 5.49 - LU1133072774 - -
A1 EUR Daily 3.05 0.00 0.00 3.62 2.86 - LU0278461065 - -
A2 Hgd EUR Accumulating 7.30 0.00 0.00 7.91 6.16 - LU0359002093 - -
D2 CHF Accumulating 22.85 0.04 0.18 26.08 20.58 - LU1065150267 - -
A2 CHF Accumulating 21.42 0.04 0.19 24.56 19.35 - LU0938162186 - -
A2 Hgd SGD Accumulating 8.15 -0.01 -0.12 8.76 6.83 - LU0358998713 - -
Class AI5 EUR - 9.09 0.01 0.11 10.84 8.47 - LU1960220660 - -
I2 EUR Accumulating 21.38 0.03 0.14 24.48 19.45 - LU1559746307 - -
D2 USD Accumulating 25.18 -0.03 -0.12 26.70 20.97 - LU0383940458 - -
Class I3 Hedged GBP Monthly 6.30 -0.01 -0.16 7.06 5.44 - LU0995336418 - -
I2 GBP - 19.42 0.07 0.36 20.55 17.54 - LU1741217027 - -
A2 EUR Accumulating 19.98 0.02 0.10 22.99 18.26 - LU0278457204 - -
A3 HKD Monthly 28.16 -0.04 -0.14 31.17 24.14 - LU0388349754 - -
A2 USD Accumulating 23.60 -0.03 -0.13 25.12 19.72 - LU0278470058 - -
D2 Hgd EUR Accumulating 7.49 0.00 0.00 8.09 6.30 - LU0622213642 - -
I2 CHF - 22.91 0.04 0.17 26.11 20.62 - LU1781817694 - -
A4 EUR Annual 12.24 0.02 0.16 14.75 11.71 - LU0478974834 - -
A4 USD Annual 14.45 -0.02 -0.14 16.12 12.65 - LU0548402170 - -
A2 Hgd SEK Accumulating 86.71 -0.10 -0.12 94.00 73.09 - LU1715605868 - -
A3 EUR Monthly 3.08 0.01 0.33 3.64 2.88 - LU0278457469 - -
A6 Hgd SGD Monthly 7.15 -0.01 -0.14 8.11 6.25 - LU1676225185 - -
Class E5 Hedged EUR Quarterly 5.91 -0.01 -0.17 6.65 5.09 - LU1062843260 - -
D3 USD Monthly 15.03 -0.02 -0.13 16.55 12.88 - LU0523291242 - -
A6 USD Monthly 7.90 -0.01 -0.13 8.86 6.87 - LU1408528211 - -
A3 USD Monthly 3.63 -0.01 -0.27 4.00 3.11 - LU0278470132 - -
C2 EUR Accumulating 16.83 0.02 0.12 19.53 15.49 - LU0278457972 - -
D5 GBP Quarterly 8.17 0.03 0.37 9.06 7.56 - LU1694209807 - -
D2 EUR Accumulating 21.32 0.02 0.09 24.44 19.42 - LU0329592702 - -
D3 Hgd AUD Monthly 5.95 0.00 0.00 6.67 5.13 - LU0827884841 - -
D2 Hgd GBP Accumulating 14.04 -0.02 -0.14 15.15 11.78 - LU0827885491 - -
C1 USD Daily 3.60 -0.01 -0.28 3.97 3.08 - LU0278478119 - -
D4 EUR Annual 12.26 0.01 0.08 14.80 11.76 - LU0827885145 - -
I2 Hgd EUR Accumulating 7.73 -0.01 -0.13 8.34 6.50 - LU0473186707 - -
I2 USD Accumulating 25.25 -0.03 -0.12 26.74 21.01 - LU0520955575 - -
D2 Hgd SGD Accumulating 8.50 -0.01 -0.12 9.10 7.10 - LU0827884767 - -
D2 Hgd PLN Accumulating 9.95 -0.01 -0.10 10.71 8.34 - LU0827884684 - -
E2 USD Accumulating 22.04 -0.02 -0.09 23.55 18.46 - LU0374975414 - -
E2 EUR Accumulating 18.66 0.02 0.11 21.54 17.09 - LU0278459671 - -
D3 HKD Monthly 116.51 -0.14 -0.12 128.96 99.87 - LU0827885061 - -
A6 Hgd GBP Monthly 7.26 -0.01 -0.14 8.30 6.37 - LU1408528302 - -
Class AI2 EUR - 9.66 0.01 0.10 11.11 8.83 - LU1960220587 - -
X2 USD Accumulating 7.15 -0.01 -0.14 7.54 5.93 - LU0344905624 - -
A3 Hgd AUD Monthly 5.95 -0.01 -0.17 6.67 5.13 - LU0575500318 - -
A2 Hgd PLN Accumulating 9.56 -0.01 -0.10 10.33 8.04 - LU0480535052 - -
A6 Hgd CAD Monthly 7.74 -0.01 -0.13 8.79 6.78 - LU1408528641 - -
D4 USD Annual 14.48 -0.02 -0.14 16.17 12.70 - LU0827885228 - -
X2 EUR Accumulating 6.05 0.00 0.00 6.91 5.49 - LU0531082021 - -
A2 CZK Accumulating 545.54 1.36 0.25 573.35 507.04 - LU1791177113 - -
E2 Hgd EUR Accumulating 6.92 -0.01 -0.14 7.53 5.85 - LU0474536231 - -
Class X5 Hedged GBP - 9.13 -0.01 -0.11 10.25 7.83 - LU1954752702 - -
A8 Hgd NZD Monthly 7.85 -0.01 -0.13 8.90 6.84 - LU1408528724 - -
A2 Hgd CHF Accumulating 7.12 -0.01 -0.14 7.72 6.01 - LU0623004180 - -
A6 Hgd HKD Monthly 78.60 -0.09 -0.11 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