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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

  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
From
31-Mar-2019
To
31-Mar-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Mar 31, 2020

-5.60 15.01 -2.91 -4.11 -8.01
Benchmark (%) Index: JP Morgan GBI-EM Global Diversified Index - in EUR<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, 2020

-7.31 12.37 -1.74 1.23 -4.34
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 Jul 3, 2020 USD 2,698.810
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.
ISIN LU0827885145
Bloomberg Ticker BGLED4E
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8L5B39
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

3y Volatility - Benchmark as of May 31, 2020 9.92
5y Volatility - Benchmark as of May 31, 2020 10.28
5y Beta as of May 31, 2020 1.154

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class D4, as of Dec 31, 2017 rated against 602 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 May 29, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 3.51
PERU (REPUBLIC OF) 6.95 08/12/2031 2.23
POLAND (REPUBLIC OF) 2.5 07/25/2026 2.15
POLAND (REPUBLIC OF) 2.75 10/25/2029 2.02
PERU (REPUBLIC OF) 6.35 08/12/2028 1.85
Name Weight (%)
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.80
RUSSIAN FEDERATION 8.15 02/03/2027 1.72
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.63
HUNGARY (REPUBLIC OF) 3 08/21/2030 1.57
CHILE (REPUBLIC OF) 4.5 03/01/2026 1.56
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 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
D4 EUR Annual 13.19 - - 14.91 11.76 - LU0827885145 - -
I5 EUR Quarterly 7.84 - - 9.05 7.07 - LU0995350831 - -
X2 AUD Accumulating 9.99 - - 11.22 9.88 - LU1554267051 - -
Class S3 Hedged GBP - 9.38 - - 10.78 8.21 - LU1911699996 - -
D2 Hgd CHF Accumulating 8.37 - - 9.25 7.21 - LU1688375184 - -
C2 USD Accumulating 19.43 - - 21.37 16.73 - LU0278476923 - -
A1 EUR Daily 3.16 - - 3.62 2.86 - LU0278461065 - -
A2 Hgd EUR Accumulating 7.13 - - 7.91 6.16 - LU0359002093 - -
I5 USD Quarterly 8.81 - - 9.89 7.63 - LU1495982867 - -
A2 Hgd SGD Accumulating 7.94 - - 8.76 6.83 - LU0358998713 - -
D2 USD Accumulating 24.48 - - 26.70 20.97 - LU0383940458 - -
A1 USD Daily 3.56 - - 3.97 3.09 - LU0278477574 - -
D3 Hgd GBP Monthly 6.19 - - 7.11 5.42 - LU0995345831 - -
X2 GBP Accumulating 5.57 - - 5.95 4.95 - LU1688375267 - -
A8 Hgd AUD Monthly 6.24 - - 7.25 5.49 - LU1133072774 - -
D2 CHF Accumulating 23.16 - - 26.08 20.58 - LU1065150267 - -
Class I3 Hedged GBP Monthly 6.21 - - 7.14 5.44 - LU0995336418 - -
A2 CHF Accumulating 21.74 - - 24.56 19.35 - LU0938162186 - -
Class AI5 EUR - 9.40 - - 10.84 8.47 - LU1960220660 - -
X2 Hgd GBP Accumulating 9.50 - - 10.50 8.17 - LU1505939139 - -
I2 EUR Accumulating 21.83 - - 24.48 19.45 - LU1559746307 - -
A2 Hgd SEK Accumulating 84.73 - - 94.00 73.09 - LU1715605868 - -
D5 GBP Quarterly 8.39 - - 9.53 7.56 - LU1694209807 - -
Class E5 Hedged EUR Quarterly 5.84 - - 6.75 5.09 - LU1062843260 - -
A2 USD Accumulating 22.98 - - 25.12 19.72 - LU0278470058 - -
A4 USD Annual 14.74 - - 16.55 12.65 - LU0548402170 - -
A2 EUR Accumulating 20.45 - - 22.99 18.26 - LU0278457204 - -
A3 USD Monthly 3.58 - - 4.01 3.11 - LU0278470132 - -
A6 Hgd SGD Monthly 7.09 - - 8.20 6.25 - LU1676225185 - -
I2 CHF - 23.21 - - 26.11 20.62 - LU1781817694 - -
D2 Hgd EUR Accumulating 7.31 - - 8.09 6.30 - LU0622213642 - -
A3 HKD Monthly 27.73 - - 31.29 24.14 - LU0388349754 - -
I2 GBP - 19.69 - - 21.15 17.54 - LU1741217027 - -
A3 EUR Monthly 3.18 - - 3.64 2.88 - LU0278457469 - -
A4 EUR Annual 13.12 - - 14.82 11.71 - LU0478974834 - -
D3 USD Monthly 14.80 - - 16.58 12.88 - LU0523291242 - -
A6 USD Monthly 7.82 - - 8.94 6.87 - LU1408528211 - -
D2 EUR Accumulating 21.78 - - 24.44 19.42 - LU0329592702 - -
D3 EUR Monthly 13.17 - - 15.07 11.92 - LU0827884924 - -
D3 Hgd AUD Monthly 5.87 - - 6.72 5.13 - LU0827884841 - -
C2 EUR Accumulating 17.29 - - 19.53 15.49 - LU0278457972 - -
D2 Hgd GBP Accumulating 13.68 - - 15.15 11.78 - LU0827885491 - -
C1 USD Daily 3.55 - - 3.97 3.08 - LU0278478119 - -
D2 Hgd SGD Accumulating 8.27 - - 9.10 7.10 - LU0827884767 - -
E2 EUR Accumulating 19.12 - - 21.54 17.09 - LU0278459671 - -
D2 Hgd PLN Accumulating 9.71 - - 10.71 8.34 - LU0827884684 - -
I2 USD Accumulating 24.53 - - 26.74 21.01 - LU0520955575 - -
D3 HKD Monthly 114.67 - - 129.46 99.87 - LU0827885061 - -
A6 Hgd GBP Monthly 7.21 - - 8.46 6.37 - LU1408528302 - -
I2 Hgd EUR Accumulating 7.54 - - 8.34 6.50 - LU0473186707 - -
E2 USD Accumulating 21.49 - - 23.55 18.46 - LU0374975414 - -
A2 Hgd CHF Accumulating 6.97 - - 7.72 6.01 - LU0623004180 - -
A2 Hgd PLN Accumulating 9.34 - - 10.33 8.04 - LU0480535052 - -
X2 USD Accumulating 6.94 - - 7.54 5.93 - LU0344905624 - -
Class X5 Hedged GBP - 8.99 - - 10.36 7.83 - LU1954752702 - -
Class AI2 EUR - 9.89 - - 11.11 8.83 - LU1960220587 - -
E2 Hgd EUR Accumulating 6.77 - - 7.53 5.85 - LU0474536231 - -
A2 CZK Accumulating 545.43 - - 573.35 507.04 - LU1791177113 - -
A3 Hgd AUD Monthly 5.87 - - 6.73 5.13 - LU0575500318 - -
A6 Hgd HKD Monthly 77.87 - - 89.19 68.40 - LU1408528484 - -
A6 Hgd CAD Monthly 7.68 - - 8.90 6.78 - LU1408528641 - -
D4 USD Annual 14.83 - - 16.65 12.70 - LU0827885228 - -
X2 EUR Accumulating 6.17 - - 6.91 5.49 - LU0531082021 - -
A8 Hgd NZD Monthly 7.76 - - 9.00 6.84 - LU1408528724 - -

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