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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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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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

19.12 7.39 -15.13 6.70 -4.27
Benchmark (%)

as of Sep 30, 2020

17.06 7.32 -7.40 10.13 -1.45
  1Y 3Y 5Y 10y Incept.
-4.27 -4.65 2.09 - -1.69
Benchmark (%)

as of Sep 30, 2020

-1.45 0.17 4.78 - 0.27
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-8.92 -2.45 1.88 -4.27 -13.31 10.89 - -10.96
Benchmark (%)

as of Sep 30, 2020

-6.32 -2.02 0.61 -1.45 0.51 26.27 - 1.84
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 Oct 21, 2020 USD 2,375.611
12m Trailing Yield as of Sep 30, 2020 5.32
Number of Holdings as of Sep 30, 2020 156
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Dec 4, 2013
Asset Class -
Morningstar Category Other Bond
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.78%
ISIN LU0995345831
Bloomberg Ticker BELCD3G
Annual Management Fee 0.50%
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

Yield to Worst as of Sep 30, 2020 5.21%
Modified Duration as of Sep 30, 2020 5.81 yrs
Effective Duration as of Sep 30, 2020 5.73 yrs
Weighted Avg Maturity as of Sep 30, 2020 8.04 yrs
3y Volatility - Benchmark as of Sep 30, 2020 12.17
3y Beta as of Sep 30, 2020 1.211
5y Volatility - Benchmark as of Sep 30, 2020 11.85
5y Beta as of Sep 30, 2020 1.144
WAL to Worst as of Sep 30, 2020 8.04 yrs

Ratings

Ratings

Morningstar Rating

4
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
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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.32
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.88
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.44
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 2.00
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.97
Name Weight (%)
PERU (REPUBLIC OF) 6.35 08/12/2028 1.78
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.66
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.60
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.59
MEXICO (UNITED MEXICAN STATES) 7.5 06/03/2027 1.51
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 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
D3 Hgd GBP Monthly 6.29 0.03 0.48 7.04 5.42 - LU0995345831 - -
Class S3 Hedged GBP - 9.54 0.05 0.53 10.67 8.21 - LU1911699996 - -
A2 CHF Accumulating 21.39 0.03 0.14 24.56 19.35 - LU0938162186 - -
X2 GBP Accumulating 5.46 -0.04 -0.73 5.80 4.95 - LU1688375267 - -
D2 CHF Accumulating 22.83 0.04 0.18 26.08 20.58 - LU1065150267 - -
X2 Hgd GBP Accumulating 9.80 0.05 0.51 10.50 8.17 - LU1505939139 - -
I5 USD Quarterly 8.98 0.05 0.56 9.88 7.63 - LU1495982867 - -
D2 USD Accumulating 25.24 0.12 0.48 26.70 20.97 - LU0383940458 - -
A1 USD Daily 3.61 0.01 0.28 3.97 3.09 - LU0278477574 - -
A8 Hgd AUD Monthly 6.32 0.03 0.48 7.15 5.49 - LU1133072774 - -
Class I3 Hedged GBP Monthly 6.32 0.03 0.48 7.06 5.44 - LU0995336418 - -
D2 Hgd CHF Accumulating 8.59 0.04 0.47 9.25 7.21 - LU1688375184 - -
A2 Hgd SGD Accumulating 8.17 0.04 0.49 8.76 6.83 - LU0358998713 - -
I2 EUR Accumulating 21.33 0.02 0.09 24.48 19.45 - LU1559746307 - -
C2 USD Accumulating 19.93 0.10 0.50 21.37 16.73 - LU0278476923 - -
I2 GBP - 19.29 -0.13 -0.67 20.55 17.54 - LU1741217027 - -
X2 AUD Accumulating 10.07 -0.06 -0.59 11.22 9.75 - LU1554267051 - -
I5 EUR Quarterly 7.57 0.01 0.13 9.05 7.07 - LU0995350831 - -
A2 Hgd EUR Accumulating 7.31 0.03 0.41 7.91 6.16 - LU0359002093 - -
A1 EUR Daily 3.05 0.01 0.33 3.62 2.86 - LU0278461065 - -
Class AI5 EUR - 9.07 0.01 0.11 10.84 8.47 - LU1960220660 - -
A4 USD Annual 14.48 0.06 0.42 16.12 12.65 - LU0548402170 - -
A3 HKD Monthly 28.23 0.14 0.50 31.17 24.14 - LU0388349754 - -
A3 EUR Monthly 3.07 0.00 0.00 3.64 2.88 - LU0278457469 - -
Class E5 Hedged EUR Quarterly 5.93 0.03 0.51 6.65 5.09 - LU1062843260 - -
A3 USD Monthly 3.64 0.01 0.28 4.00 3.11 - LU0278470132 - -
A4 EUR Annual 12.21 0.01 0.08 14.75 11.71 - LU0478974834 - -
D2 Hgd EUR Accumulating 7.50 0.03 0.40 8.09 6.30 - LU0622213642 - -
A2 EUR Accumulating 19.94 0.02 0.10 22.99 18.26 - LU0278457204 - -
A2 USD Accumulating 23.65 0.11 0.47 25.12 19.72 - LU0278470058 - -
I2 CHF - 22.89 0.04 0.18 26.11 20.62 - LU1781817694 - -
D3 USD Monthly 15.07 0.07 0.47 16.55 12.88 - LU0523291242 - -
A2 Hgd SEK Accumulating 86.91 0.41 0.47 94.00 73.09 - LU1715605868 - -
D5 GBP Quarterly 8.11 -0.06 -0.73 9.06 7.56 - LU1694209807 - -
C2 EUR Accumulating 16.80 0.02 0.12 19.53 15.49 - LU0278457972 - -
A6 USD Monthly 7.92 0.04 0.51 8.86 6.87 - LU1408528211 - -
D2 EUR Accumulating 21.28 0.03 0.14 24.44 19.42 - LU0329592702 - -
D3 EUR Monthly 12.70 0.01 0.08 15.07 11.92 - LU0827884924 - -
A6 Hgd SGD Monthly 7.17 0.04 0.56 8.11 6.25 - LU1676225185 - -
D2 Hgd GBP Accumulating 14.08 0.07 0.50 15.15 11.78 - LU0827885491 - -
D3 Hgd AUD Monthly 5.96 0.03 0.51 6.67 5.13 - LU0827884841 - -
D2 Hgd SGD Accumulating 8.52 0.04 0.47 9.10 7.10 - LU0827884767 - -
E2 USD Accumulating 22.09 0.11 0.50 23.55 18.46 - LU0374975414 - -
D3 HKD Monthly 116.78 0.56 0.48 128.96 99.87 - LU0827885061 - -
A6 Hgd GBP Monthly 7.28 0.04 0.55 8.30 6.37 - LU1408528302 - -
D2 Hgd PLN Accumulating 9.98 0.05 0.50 10.71 8.34 - LU0827884684 - -
I2 Hgd EUR Accumulating 7.75 0.04 0.52 8.34 6.50 - LU0473186707 - -
C1 USD Daily 3.61 0.01 0.28 3.97 3.08 - LU0278478119 - -
D4 EUR Annual 12.24 0.02 0.16 14.80 11.76 - LU0827885145 - -
E2 EUR Accumulating 18.62 0.02 0.11 21.54 17.09 - LU0278459671 - -
I2 USD Accumulating 25.30 0.12 0.48 26.74 21.01 - LU0520955575 - -
A6 Hgd CAD Monthly 7.76 0.04 0.52 8.79 6.78 - LU1408528641 - -
D4 USD Annual 14.51 0.07 0.48 16.17 12.70 - LU0827885228 - -
X2 USD Accumulating 7.16 0.03 0.42 7.54 5.93 - LU0344905624 - -
A8 Hgd NZD Monthly 7.87 0.04 0.51 8.90 6.84 - LU1408528724 - -
A2 CZK Accumulating 541.50 -0.90 -0.17 573.35 507.04 - LU1791177113 - -
Class AI2 EUR - 9.64 0.01 0.10 11.11 8.83 - LU1960220587 - -
X2 EUR Accumulating 6.04 0.01 0.17 6.91 5.49 - LU0531082021 - -
Class X5 Hedged GBP - 9.15 0.04 0.47 10.25 7.83 - LU1954752702 - -
A2 Hgd PLN Accumulating 9.58 0.04 0.42 10.33 8.04 - LU0480535052 - -
A3 Hgd AUD Monthly 5.96 0.03 0.51 6.67 5.13 - LU0575500318 - -
A6 Hgd HKD Monthly 78.78 0.38 0.48 88.22 68.40 - LU1408528484 - -
E2 Hgd EUR Accumulating 6.93 0.03 0.43 7.53 5.85 - LU0474536231 - -
A2 Hgd CHF Accumulating 7.14 0.03 0.42 7.72 6.01 - LU0623004180 - -

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