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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

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 Oct 1, 2020 USD 2,330.597
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 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 Aug 31, 2020 12.17
5y Volatility - Benchmark as of Aug 31, 2020 11.89
5y Beta as of Aug 31, 2020 1.124

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

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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
D3 HKD Monthly 115.20 0.97 0.85 128.96 99.87 - LU0827885061 - -
Class S3 Hedged GBP - 9.41 0.08 0.86 10.67 8.21 - LU1911699996 - -
D2 CHF Accumulating 22.86 0.05 0.22 26.08 20.58 - LU1065150267 - -
A2 Hgd EUR Accumulating 7.22 0.06 0.84 7.91 6.16 - LU0359002093 - -
Class I3 Hedged GBP Monthly 6.23 0.05 0.81 7.06 5.44 - LU0995336418 - -
D2 USD Accumulating 24.89 0.20 0.81 26.70 20.97 - LU0383940458 - -
Class AI5 EUR - 9.04 0.04 0.44 10.84 8.47 - LU1960220660 - -
C2 USD Accumulating 19.68 0.17 0.87 21.37 16.73 - LU0278476923 - -
D2 Hgd CHF Accumulating 8.48 0.07 0.83 9.25 7.21 - LU1688375184 - -
A2 Hgd SGD Accumulating 8.06 0.07 0.88 8.76 6.83 - LU0358998713 - -
A2 CHF Accumulating 21.44 0.06 0.28 24.56 19.35 - LU0938162186 - -
X2 AUD Accumulating 9.84 0.03 0.31 11.22 9.75 - LU1554267051 - -
X2 GBP Accumulating 5.49 0.04 0.73 5.88 4.95 - LU1688375267 - -
I5 USD Quarterly 8.85 0.07 0.80 9.88 7.63 - LU1495982867 - -
A1 USD Daily 3.57 0.03 0.85 3.97 3.09 - LU0278477574 - -
I5 EUR Quarterly 7.54 0.03 0.40 9.05 7.07 - LU0995350831 - -
I2 EUR Accumulating 21.26 0.10 0.47 24.48 19.45 - LU1559746307 - -
D3 Hgd GBP Monthly 6.21 0.05 0.81 7.04 5.42 - LU0995345831 - -
X2 Hgd GBP Accumulating 9.66 0.08 0.84 10.50 8.17 - LU1505939139 - -
A1 EUR Daily 3.04 0.01 0.33 3.62 2.86 - LU0278461065 - -
A8 Hgd AUD Monthly 6.23 0.05 0.81 7.15 5.49 - LU1133072774 - -
I2 GBP - 19.39 0.14 0.73 20.87 17.54 - LU1741217027 - -
A3 USD Monthly 3.59 0.03 0.84 4.00 3.11 - LU0278470132 - -
A3 EUR Monthly 3.06 0.01 0.33 3.64 2.88 - LU0278457469 - -
A2 Hgd SEK Accumulating 85.77 0.73 0.86 94.00 73.09 - LU1715605868 - -
I2 CHF - 22.92 0.05 0.22 26.11 20.62 - LU1781817694 - -
A4 EUR Annual 12.18 0.06 0.50 14.75 11.71 - LU0478974834 - -
A2 EUR Accumulating 19.88 0.09 0.45 22.99 18.26 - LU0278457204 - -
A4 USD Annual 14.29 0.12 0.85 16.12 12.65 - LU0548402170 - -
D3 EUR Monthly 12.66 0.06 0.48 15.07 11.92 - LU0827884924 - -
D5 GBP Quarterly 8.15 0.05 0.62 9.28 7.56 - LU1694209807 - -
A3 HKD Monthly 27.85 0.23 0.83 31.17 24.14 - LU0388349754 - -
A6 Hgd SGD Monthly 7.07 0.05 0.71 8.11 6.25 - LU1676225185 - -
A2 USD Accumulating 23.34 0.20 0.86 25.12 19.72 - LU0278470058 - -
Class E5 Hedged EUR Quarterly 5.85 0.05 0.86 6.65 5.09 - LU1062843260 - -
D3 USD Monthly 14.86 0.12 0.81 16.55 12.88 - LU0523291242 - -
D2 Hgd EUR Accumulating 7.41 0.07 0.95 8.09 6.30 - LU0622213642 - -
D2 EUR Accumulating 21.21 0.10 0.47 24.44 19.42 - LU0329592702 - -
A6 USD Monthly 7.81 0.06 0.77 8.86 6.87 - LU1408528211 - -
C2 EUR Accumulating 16.76 0.08 0.48 19.53 15.49 - LU0278457972 - -
D3 Hgd AUD Monthly 5.88 0.05 0.86 6.67 5.13 - LU0827884841 - -
C1 USD Daily 3.57 0.03 0.85 3.97 3.08 - LU0278478119 - -
D2 Hgd GBP Accumulating 13.89 0.12 0.87 15.15 11.78 - LU0827885491 - -
I2 USD Accumulating 24.96 0.21 0.85 26.74 21.01 - LU0520955575 - -
A6 Hgd GBP Monthly 7.18 0.06 0.84 8.30 6.37 - LU1408528302 - -
I2 Hgd EUR Accumulating 7.65 0.07 0.92 8.34 6.50 - LU0473186707 - -
E2 EUR Accumulating 18.57 0.09 0.49 21.54 17.09 - LU0278459671 - -
D2 Hgd PLN Accumulating 9.84 0.08 0.82 10.71 8.34 - LU0827884684 - -
D2 Hgd SGD Accumulating 8.40 0.07 0.84 9.10 7.10 - LU0827884767 - -
E2 USD Accumulating 21.80 0.18 0.83 23.55 18.46 - LU0374975414 - -
D4 EUR Annual 12.20 0.06 0.49 14.80 11.76 - LU0827885145 - -
X2 EUR Accumulating 6.02 0.03 0.50 6.91 5.49 - LU0531082021 - -
X2 USD Accumulating 7.06 0.05 0.71 7.54 5.93 - LU0344905624 - -
A6 Hgd CAD Monthly 7.65 0.06 0.79 8.79 6.78 - LU1408528641 - -
Class AI2 EUR - 9.61 0.04 0.42 11.11 8.83 - LU1960220587 - -
D4 USD Annual 14.32 0.12 0.85 16.17 12.70 - LU0827885228 - -
E2 Hgd EUR Accumulating 6.85 0.06 0.88 7.53 5.85 - LU0474536231 - -
A8 Hgd NZD Monthly 7.76 0.06 0.78 8.90 6.84 - LU1408528724 - -
A2 CZK Accumulating 534.79 -1.82 -0.34 573.35 507.04 - LU1791177113 - -
A2 Hgd CHF Accumulating 7.05 0.06 0.86 7.72 6.01 - LU0623004180 - -
A2 Hgd PLN Accumulating 9.45 0.08 0.85 10.33 8.04 - LU0480535052 - -
Class X5 Hedged GBP - 8.94 -0.01 -0.11 10.25 7.83 - LU1954752702 - -
A6 Hgd HKD Monthly 77.73 0.65 0.84 88.22 68.40 - LU1408528484 - -
A3 Hgd AUD Monthly 5.88 0.05 0.86 6.67 5.13 - LU0575500318 - -

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