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

-9.85 -0.10 6.99 10.15 -14.60
Benchmark (%) Index: JP Morgan GBI-EM Global Diversified Index<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

-11.14 -1.65 5.47 12.99 -7.58
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 May 22, 2019 USD 4,408.370
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Dec 4, 2013
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0995345831
Bloomberg Ticker BELCD3G
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BH0WJ85
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Apr 30, 2019 10.46
5y Volatility - Benchmark as of Apr 30, 2019 10.92
5y Beta as of Apr 30, 2019 1.039

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class D3 Hedged, as of Jul 31, 2018 rated against 1349 Other Bond Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Apr 30, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.20
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 3.94
POLAND (REPUBLIC OF) 3.25 07/25/2025 2.23
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.03
TREASURY NOTE 2.25 03/31/2020 1.97
Name Weight (%)
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.81
MEXICO (UNITED MEXICAN STATES) 8 06/11/2020 1.76
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.68
INDONESIA (REPUBLIC OF) 8.375 03/15/2024 1.68
CZECH REPUBLIC 0.95 05/15/2030 1.67
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Apr 30, 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 Hgd GBP Monthly 6.69 0.03 0.45 7.58 6.43 - LU0995345831 - -
A1 EUR Daily 3.34 0.01 0.30 3.55 3.04 - LU0278461065 - -
I2 GBP - 19.20 0.24 1.27 19.37 17.03 - LU1741217027 - -
A2 CHF Accumulating 23.08 0.05 0.22 23.91 20.35 - LU0938162186 - -
I2 EUR Accumulating 21.73 0.08 0.37 22.09 19.00 - LU1559746307 - -
X2 GBP Accumulating 5.40 0.07 1.31 5.44 4.77 - LU1688375267 - -
D2 Hgd CHF Accumulating 8.59 0.04 0.47 9.30 8.05 - LU1688375184 - -
I5 EUR Quarterly 8.35 0.03 0.36 8.91 7.64 - LU0995350831 - -
Class AI5 EUR - - - - - - - LU1960220660 - -
X2 AUD Accumulating 9.91 0.03 0.30 9.91 8.61 - LU1554267051 - -
X2 Hgd GBP Accumulating 9.61 0.05 0.52 10.19 8.85 - LU1505939139 - -
A8 Hgd AUD Monthly 6.85 0.03 0.44 7.86 6.65 - LU1133072774 - -
D2 CHF Accumulating 24.45 0.05 0.20 25.20 21.48 - LU1065150267 - -
A1 USD Daily 3.73 0.02 0.54 4.13 3.54 - LU0278477574 - -
C2 USD Accumulating 19.62 0.09 0.46 20.87 18.11 - LU0278476923 - -
D2 USD Accumulating 24.24 0.11 0.46 25.34 22.10 - LU0383940458 - -
A2 Hgd SGD Accumulating 8.02 0.04 0.50 8.52 7.39 - LU0358998713 - -
Class S3 Hedged GBP - 10.15 0.05 0.50 10.71 10.00 - LU1911699996 - -
I5 USD Quarterly 9.32 0.04 0.43 10.36 8.89 - LU1495982867 - -
A2 Hgd EUR Accumulating 7.35 0.04 0.55 7.99 6.89 - LU0359002093 - -
Class I3 Hedged GBP Monthly 6.72 0.03 0.45 7.61 6.46 - LU0995336418 - -
D2 Hgd EUR Accumulating 7.49 0.04 0.54 8.10 6.99 - LU0622213642 - -
I2 CHF - 24.46 0.05 0.20 25.17 21.47 - LU1781817694 - -
I2 Hgd EUR Accumulating 7.72 0.04 0.52 8.33 7.19 - LU0473186707 - -
A3 EUR Monthly 3.37 0.01 0.30 3.58 3.06 - LU0278457469 - -
A2 EUR Accumulating 20.50 0.08 0.39 20.86 18.01 - LU0278457204 - -
A3 USD Monthly 3.76 0.02 0.53 4.17 3.56 - LU0278470132 - -
D5 GBP Quarterly 8.76 0.11 1.27 9.23 8.10 - LU1694209807 - -
A4 EUR Annual 13.82 0.05 0.36 14.88 12.14 - LU0478974834 - -
D3 Hgd AUD Monthly 6.32 0.03 0.48 7.07 6.02 - LU0827884841 - -
A2 USD Accumulating 22.88 0.10 0.44 24.04 20.93 - LU0278470058 - -
D2 EUR Accumulating 21.72 0.09 0.42 22.08 19.01 - LU0329592702 - -
A3 HKD Monthly 29.51 0.14 0.48 32.69 27.93 - LU0388349754 - -
A6 USD Monthly 8.44 0.04 0.48 9.60 8.14 - LU1408528211 - -
C1 USD Daily 3.73 0.02 0.54 4.12 3.53 - LU0278478119 - -
D4 EUR Annual 13.89 0.06 0.43 14.97 12.15 - LU0827885145 - -
A2 Hgd SEK Accumulating 87.23 0.40 0.46 95.03 81.81 - LU1715605868 - -
A6 Hgd SGD Monthly 7.75 0.04 0.52 8.91 7.54 - LU1676225185 - -
A4 USD Annual 15.42 0.07 0.46 17.30 14.11 - LU0548402170 - -
Class E5 Hedged EUR Quarterly 6.39 0.03 0.47 7.34 6.23 - LU1062843260 - -
D2 Hgd GBP Accumulating 13.93 0.06 0.43 14.88 12.90 - LU0827885491 - -
D3 USD Monthly 15.55 0.07 0.45 17.23 14.72 - LU0523291242 - -
C2 EUR Accumulating 17.58 0.07 0.40 17.95 15.58 - LU0278457972 - -
I2 USD Accumulating 24.25 0.11 0.46 25.31 22.08 - LU0520955575 - -
E2 EUR Accumulating 19.28 0.07 0.36 19.62 17.00 - LU0278459671 - -
D2 Hgd PLN Accumulating 9.79 0.05 0.51 10.38 9.01 - LU0827884684 - -
D3 EUR Monthly 13.93 0.05 0.36 14.83 12.66 - LU0827884924 - -
D2 Hgd SGD Accumulating 8.30 0.04 0.48 8.77 7.62 - LU0827884767 - -
E2 USD Accumulating 21.52 0.10 0.47 22.72 19.76 - LU0374975414 - -
A6 Hgd GBP Monthly 8.01 0.04 0.50 9.31 7.85 - LU1408528302 - -
D3 HKD Monthly 122.09 0.58 0.48 135.27 115.55 - LU0827885061 - -
Class X5 Hedged GBP - 9.80 0.04 0.41 10.12 9.76 - LU1954752702 - -
A2 Hgd CHF Accumulating 7.19 0.03 0.42 7.83 6.76 - LU0623004180 - -
X2 EUR Accumulating 6.11 0.02 0.33 6.21 5.32 - LU0531082021 - -
Class AI2 EUR - 9.91 0.04 0.41 10.08 9.83 - LU1960220587 - -
E2 Hgd EUR Accumulating 7.02 0.03 0.43 7.67 6.60 - LU0474536231 - -
A6 Hgd CAD Monthly 8.42 0.04 0.48 9.69 8.20 - LU1408528641 - -
A2 Hgd PLN Accumulating 9.47 0.05 0.53 10.09 8.75 - LU0480535052 - -
D4 USD Annual 15.50 0.07 0.45 17.40 14.13 - LU0827885228 - -
A2 CZK Accumulating 529.04 2.30 0.44 535.81 463.69 - LU1791177113 - -
A8 Hgd NZD Monthly 8.51 0.04 0.47 9.76 8.26 - LU1408528724 - -
A6 Hgd HKD Monthly 84.23 0.39 0.47 96.92 81.97 - LU1408528484 - -
A3 Hgd AUD Monthly 6.32 0.03 0.48 7.07 6.02 - LU0575500318 - -
X2 USD Accumulating 6.82 0.03 0.44 7.08 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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