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

-9.96 0.32 7.98 13.11 -12.63
Benchmark (%) Index: JP Morgan GBI-EM Global Diversified Index in HKD<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

-11.18 -1.61 5.67 14.10 -7.56
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
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of Apr 24, 2019 USD 4,630.981
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Oct 4, 2012
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index JP Morgan GBI-EM Global Diversified Index in HKD
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0827885061
Bloomberg Ticker BGLED3H
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8FPQD0
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment HKD 100000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Mar 31, 2019 10.57
5y Volatility - Benchmark as of Mar 31, 2019 10.88
5y Beta as of Mar 31, 2019 1.039

Ratings

Ratings

Morningstar Rating

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

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Mar 29, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.22
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 3.42
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.24
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.07
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.04
Name Weight (%)
TREASURY NOTE 2.25 03/31/2020 1.98
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.84
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.71
CZECH REPUBLIC 0.95 05/15/2030 1.68
INDONESIA (REPUBLIC OF) 8.375 03/15/2024 1.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 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
D3 HKD Monthly 123.75 -0.59 -0.47 145.96 115.55 - LU0827885061 - -
I2 EUR Accumulating 21.89 -0.06 -0.27 22.40 19.00 - LU1559746307 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
A2 CHF Accumulating 23.54 -0.19 -0.80 25.46 20.35 - LU0938162186 - -
Class S3 Hedged GBP - 10.31 -0.05 -0.48 10.71 10.00 - LU1911699996 - -
X2 Hgd GBP Accumulating 9.72 -0.04 -0.41 10.98 8.85 - LU1505939139 - -
X2 GBP Accumulating 5.32 -0.02 -0.37 5.50 4.77 - LU1688375267 - -
C2 USD Accumulating 19.85 -0.09 -0.45 22.44 18.11 - LU0278476923 - -
D2 Hgd CHF Accumulating 8.70 -0.05 -0.57 10.03 8.05 - LU1688375184 - -
I5 USD Quarterly 9.42 -0.04 -0.42 11.12 8.89 - LU1495982867 - -
A1 USD Daily 3.78 -0.02 -0.53 4.45 3.54 - LU0278477574 - -
A2 Hgd EUR Accumulating 7.45 -0.03 -0.40 8.62 6.89 - LU0359002093 - -
D2 USD Accumulating 24.49 -0.11 -0.45 27.21 22.10 - LU0383940458 - -
I5 EUR Quarterly 8.41 -0.03 -0.36 9.17 7.64 - LU0995350831 - -
Class I3 Hedged GBP Monthly 6.83 -0.03 -0.44 8.24 6.46 - LU0995336418 - -
I2 GBP - 18.92 -0.07 -0.37 19.67 17.03 - LU1741217027 - -
A3 HKD Monthly 29.91 -0.14 -0.47 35.27 27.93 - LU0388349754 - -
A2 EUR Accumulating 20.66 -0.06 -0.29 21.28 18.01 - LU0278457204 - -
A2 USD Accumulating 23.12 -0.11 -0.47 25.83 20.93 - LU0278470058 - -
X2 AUD Accumulating 9.80 0.06 0.62 10.02 8.61 - LU1554267051 - -
A3 EUR Monthly 3.41 -0.01 -0.29 3.70 3.06 - LU0278457469 - -
D2 CHF Accumulating 24.93 -0.20 -0.80 26.83 21.48 - LU1065150267 - -
D5 GBP Quarterly 8.63 -0.03 -0.35 9.55 8.10 - LU1694209807 - -
I2 CHF - 24.94 -0.20 -0.80 26.80 21.47 - LU1781817694 - -
A1 EUR Daily 3.38 -0.01 -0.29 3.67 3.04 - LU0278461065 - -
A6 Hgd SGD Monthly 7.89 -0.03 -0.38 9.65 7.54 - LU1676225185 - -
A2 Hgd SEK Accumulating 88.38 -0.43 -0.48 102.47 81.81 - LU1715605868 - -
A8 Hgd AUD Monthly 6.97 -0.03 -0.43 8.51 6.65 - LU1133072774 - -
A2 Hgd SGD Accumulating 8.11 -0.03 -0.37 9.17 7.39 - LU0358998713 - -
D3 Hgd GBP Monthly 6.80 -0.03 -0.44 8.21 6.43 - LU0995345831 - -
D2 Hgd EUR Accumulating 7.58 -0.04 -0.52 8.73 6.99 - LU0622213642 - -
A3 USD Monthly 3.81 -0.02 -0.52 4.50 3.56 - LU0278470132 - -
D2 EUR Accumulating 21.88 -0.06 -0.27 22.42 19.01 - LU0329592702 - -
A4 USD Annual 15.59 -0.07 -0.45 18.59 14.11 - LU0548402170 - -
Class E5 Hedged EUR Quarterly 6.47 -0.04 -0.61 7.92 6.23 - LU1062843260 - -
D3 USD Monthly 15.78 -0.07 -0.44 18.60 14.72 - LU0523291242 - -
C1 USD Daily 3.78 -0.01 -0.26 4.45 3.53 - LU0278478119 - -
D2 Hgd GBP Accumulating 14.10 -0.06 -0.42 16.04 12.90 - LU0827885491 - -
D3 Hgd AUD Monthly 6.42 -0.03 -0.47 7.65 6.02 - LU0827884841 - -
C2 EUR Accumulating 17.73 -0.06 -0.34 18.49 15.58 - LU0278457972 - -
A6 USD Monthly 8.58 -0.04 -0.46 10.37 8.14 - LU1408528211 - -
A4 EUR Annual 13.93 -0.04 -0.29 15.31 12.14 - LU0478974834 - -
I2 Hgd EUR Accumulating 7.81 -0.04 -0.51 8.98 7.19 - LU0473186707 - -
D4 EUR Annual 13.99 -0.04 -0.29 15.40 12.15 - LU0827885145 - -
D3 EUR Monthly 14.10 -0.04 -0.28 15.33 12.66 - LU0827884924 - -
I2 USD Accumulating 24.49 -0.12 -0.49 27.18 22.08 - LU0520955575 - -
D2 Hgd SGD Accumulating 8.39 -0.04 -0.47 9.44 7.62 - LU0827884767 - -
D2 Hgd PLN Accumulating 9.90 -0.05 -0.50 11.19 9.01 - LU0827884684 - -
E2 USD Accumulating 21.75 -0.10 -0.46 24.42 19.76 - LU0374975414 - -
E2 EUR Accumulating 19.44 -0.05 -0.26 20.12 17.00 - LU0278459671 - -
A6 Hgd GBP Monthly 8.16 -0.04 -0.49 10.10 7.85 - LU1408528302 - -
D4 USD Annual 15.66 -0.07 -0.45 18.68 14.13 - LU0827885228 - -
Class X5 Hedged GBP - 9.96 -0.05 -0.50 10.12 9.87 - LU1954752702 - -
Class AI2 EUR - 9.99 -0.03 -0.30 10.08 9.90 - LU1960220587 - -
A8 Hgd NZD Monthly 8.66 -0.04 -0.46 10.58 8.26 - LU1408528724 - -
A6 Hgd HKD Monthly 85.71 -0.40 -0.46 104.79 81.97 - LU1408528484 - -
A2 Hgd CHF Accumulating 7.29 -0.04 -0.55 8.44 6.76 - LU0623004180 - -
A2 CZK Accumulating 531.75 -1.52 -0.29 543.45 463.69 - LU1791177113 - -
E2 Hgd EUR Accumulating 7.11 -0.04 -0.56 8.27 6.60 - LU0474536231 - -
A2 Hgd PLN Accumulating 9.58 -0.04 -0.42 10.88 8.75 - LU0480535052 - -
X2 EUR Accumulating 6.15 -0.02 -0.32 6.26 5.32 - LU0531082021 - -
A3 Hgd AUD Monthly 6.42 -0.03 -0.47 7.65 6.02 - LU0575500318 - -
A6 Hgd CAD Monthly 8.57 -0.04 -0.46 10.49 8.20 - LU1408528641 - -
X2 USD Accumulating 6.88 -0.03 -0.43 7.60 6.19 - LU0344905624 - -

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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