-

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.
Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

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

19.61 3.40 -11.48 15.82 -8.50
Benchmark (%)

as of Sep 30, 2020

16.27 2.02 -5.75 17.34 -8.37
  1Y 3Y 5Y 10y Incept.
-8.37 -1.42 1.94 - 1.57
Benchmark (%)

as of Oct 31, 2020

-7.88 1.28 2.84 - 2.07
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-10.03 1.07 -0.45 -8.37 -4.19 10.09 - 11.43
Benchmark (%)

as of Oct 31, 2020

-9.34 1.10 -0.44 -7.88 3.88 15.04 - 15.29
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 Nov 27, 2020 USD 2,452.356
12m Trailing Yield as of Oct 31, 2020 5.70
Number of Holdings as of Oct 30, 2020 157
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Nov 20, 2013
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 0.63%
ISIN LU0995350831
Bloomberg Ticker BGEMLI5
Annual Management Fee 0.50%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BGLL702
Bloomberg Benchmark Ticker JGENVUEG
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 10000000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Oct 30, 2020 5.27%
Modified Duration as of Oct 30, 2020 5.84 yrs
Effective Duration as of Oct 30, 2020 5.75 yrs
Weighted Avg Maturity as of Oct 30, 2020 8.07 yrs
3y Volatility - Benchmark as of Oct 31, 2020 9.97
3y Beta as of Oct 31, 2020 1.219
5y Volatility - Benchmark as of Oct 31, 2020 9.36
5y Beta as of Oct 31, 2020 1.163
WAL to Worst as of Oct 30, 2020 8.07 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class I5, as of Oct 31, 2020 rated against 720 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 Oct 30, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.25
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.81
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.54
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 2.04
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.92
Name Weight (%)
PERU (REPUBLIC OF) 6.35 08/12/2028 1.80
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.69
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.66
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.62
MEXICO (UNITED MEXICAN STATES) 7.5 06/03/2027 1.57
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 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
I5 EUR Quarterly 7.80 -0.04 -0.51 9.05 7.07 - LU0995350831 - -
Class I3 Hedged GBP Monthly 6.52 -0.02 -0.31 7.06 5.44 - LU0995336418 - -
D3 Hgd GBP Monthly 6.50 -0.01 -0.15 7.04 5.42 - LU0995345831 - -
D2 Hgd CHF Accumulating 8.90 -0.02 -0.22 9.25 7.21 - LU1688375184 - -
X2 AUD Accumulating 10.06 -0.07 -0.69 11.22 9.75 - LU1554267051 - -
D2 CHF Accumulating 23.71 -0.12 -0.50 26.02 20.58 - LU1065150267 - -
X2 GBP Accumulating 5.57 -0.02 -0.36 5.80 4.95 - LU1688375267 - -
A2 CHF Accumulating 22.21 -0.11 -0.49 24.47 19.35 - LU0938162186 - -
I2 EUR Accumulating 21.98 -0.12 -0.54 24.48 19.45 - LU1559746307 - -
A8 Hgd AUD Monthly 6.51 -0.02 -0.31 7.15 5.49 - LU1133072774 - -
Class S3 Hedged GBP Monthly 9.85 -0.02 -0.20 10.67 8.21 - LU1911699996 - -
C2 USD Accumulating 20.63 -0.05 -0.24 21.37 16.73 - LU0278476923 - -
A1 USD Daily 3.73 -0.01 -0.27 3.97 3.09 - LU0278477574 - -
I5 USD Quarterly 9.31 -0.02 -0.21 9.88 7.63 - LU1495982867 - -
D2 USD Accumulating 26.17 -0.06 -0.23 26.70 20.97 - LU0383940458 - -
A1 EUR Daily 3.12 -0.02 -0.64 3.62 2.86 - LU0278461065 - -
Class AI5 EUR Quarterly 9.34 -0.05 -0.53 10.84 8.47 - LU1960220660 - -
I2 GBP - 19.67 -0.06 -0.30 20.55 17.54 - LU1741217027 - -
X2 Hgd GBP Accumulating 10.16 -0.02 -0.20 10.50 8.17 - LU1505939139 - -
A2 Hgd SGD Accumulating 8.46 -0.02 -0.24 8.76 6.83 - LU0358998713 - -
A2 Hgd EUR Accumulating 7.57 -0.02 -0.26 7.91 6.16 - LU0359002093 - -
I2 CHF - 23.78 -0.11 -0.46 26.06 20.62 - LU1781817694 - -
D2 Hgd EUR Accumulating 7.78 -0.01 -0.13 8.09 6.30 - LU0622213642 - -
A4 USD Annual 15.02 -0.03 -0.20 16.12 12.65 - LU0548402170 - -
A2 EUR Accumulating 20.53 -0.12 -0.58 22.99 18.26 - LU0278457204 - -
A2 USD Accumulating 24.52 -0.06 -0.24 25.12 19.72 - LU0278470058 - -
A3 EUR Monthly 3.15 -0.02 -0.63 3.64 2.88 - LU0278457469 - -
A6 Hgd SGD Monthly 7.39 -0.02 -0.27 8.11 6.25 - LU1676225185 - -
A4 EUR Annual 12.57 -0.07 -0.55 14.75 11.71 - LU0478974834 - -
D5 GBP Quarterly 8.27 -0.03 -0.36 9.01 7.56 - LU1694209807 - -
A2 Hgd SEK Accumulating 89.98 -0.18 -0.20 94.00 73.09 - LU1715605868 - -
D3 USD Monthly 15.57 -0.03 -0.19 16.55 12.88 - LU0523291242 - -
A3 USD Monthly 3.76 -0.01 -0.27 4.00 3.11 - LU0278470132 - -
Class E5 Hedged EUR Quarterly 6.14 -0.01 -0.16 6.65 5.09 - LU1062843260 - -
D3 EUR Monthly 13.04 -0.07 -0.53 15.07 11.92 - LU0827884924 - -
A6 USD Monthly 8.16 -0.02 -0.24 8.86 6.87 - LU1408528211 - -
C2 EUR Accumulating 17.27 -0.10 -0.58 19.53 15.49 - LU0278457972 - -
D3 Hgd AUD Monthly 6.15 -0.02 -0.32 6.67 5.13 - LU0827884841 - -
A3 HKD Monthly 29.17 -0.07 -0.24 31.15 24.14 - LU0388349754 - -
D2 EUR Accumulating 21.92 -0.12 -0.54 24.44 19.42 - LU0329592702 - -
D2 Hgd GBP Accumulating 14.59 -0.03 -0.21 15.15 11.78 - LU0827885491 - -
C1 USD Daily 3.73 -0.01 -0.27 3.97 3.08 - LU0278478119 - -
A6 Hgd GBP Monthly 7.50 -0.01 -0.13 8.30 6.37 - LU1408528302 - -
I2 Hgd EUR Accumulating 8.03 -0.02 -0.25 8.34 6.50 - LU0473186707 - -
D2 Hgd SGD Accumulating 8.83 -0.02 -0.23 9.10 7.10 - LU0827884767 - -
E2 EUR Accumulating 19.16 -0.11 -0.57 21.54 17.09 - LU0278459671 - -
E2 USD Accumulating 22.89 -0.05 -0.22 23.55 18.46 - LU0374975414 - -
I2 USD Accumulating 26.25 -0.06 -0.23 26.74 21.01 - LU0520955575 - -
D4 EUR Annual 12.60 -0.07 -0.55 14.80 11.76 - LU0827885145 - -
D3 HKD Monthly 120.67 -0.28 -0.23 128.86 99.87 - LU0827885061 - -
D2 Hgd PLN Accumulating 10.34 -0.02 -0.19 10.71 8.34 - LU0827884684 - -
X2 EUR Accumulating 6.23 -0.03 -0.48 6.91 5.49 - LU0531082021 - -
Class X5 Hedged GBP Quarterly 9.50 0.02 0.21 10.25 7.83 - LU1954752702 - -
X2 USD Accumulating 7.44 -0.01 -0.13 7.54 5.93 - LU0344905624 - -
D4 USD Annual 15.05 -0.04 -0.27 16.17 12.70 - LU0827885228 - -
A2 CZK Accumulating 537.84 -2.56 -0.47 573.35 507.04 - LU1791177113 - -
A3 Hgd AUD Monthly 6.15 -0.02 -0.32 6.67 5.13 - LU0575500318 - -
Class AI2 EUR - 9.93 -0.05 -0.50 11.11 8.83 - LU1960220587 - -
A8 Hgd NZD Monthly 8.11 -0.02 -0.25 8.90 6.84 - LU1408528724 - -
A6 Hgd HKD Monthly 81.22 -0.19 -0.23 88.22 68.40 - LU1408528484 - -
A2 Hgd PLN Accumulating 9.93 -0.02 -0.20 10.33 8.04 - LU0480535052 - -
A6 Hgd CAD Monthly 7.99 -0.02 -0.25 8.79 6.78 - LU1408528641 - -
A2 Hgd CHF Accumulating 7.40 -0.01 -0.13 7.72 6.01 - LU0623004180 - -
E2 Hgd EUR Accumulating 7.18 -0.01 -0.14 7.53 5.85 - LU0474536231 - -

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