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Fixed Income

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

  • Returns

  From
30-Sep-2014
To
30-Sep-2015
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
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Sep 30, 2019

-20.79 16.64 5.31 -16.95 4.51
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 Sep 30, 2019

-19.77 17.06 7.32 -7.40 10.13
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 Dec 12, 2019 USD 3,862.071
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date May 7, 2014
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 LU1062843260
Bloomberg Ticker BGELE5E
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL BM4NS48
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment EUR 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Nov 30, 2019 9.13
5y Volatility - Benchmark as of Sep 30, 2019 10.97
5y Beta as of Nov 30, 2019 1.051

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class E5 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 Nov 29, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 4.42
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.86
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 1.83
HUNGARY (REPUBLIC OF) 3 06/26/2024 1.83
RUSSIAN FEDERATION 7.7 03/23/2033 1.81
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.81
PERU (REPUBLIC OF) 6.95 08/12/2031 1.57
RUSSIAN FEDERATION 8.5 09/17/2031 1.53
PERU (REPUBLIC OF) 6.35 08/12/2028 1.51
MEXICO (UNITED MEXICAN STATES) 10 12/05/2024 1.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 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
Class E5 Hedged EUR Quarterly 6.59 0.05 0.76 6.78 6.36 - LU1062843260 - -
D2 CHF Accumulating 25.68 0.15 0.59 26.08 23.06 - LU1065150267 - -
I5 EUR Quarterly 8.79 0.03 0.34 8.87 8.02 - LU0995350831 - -
Class I3 Hedged GBP Monthly 6.94 0.05 0.73 7.14 6.62 - LU0995336418 - -
A2 Hgd SGD Accumulating 8.57 0.06 0.71 8.62 7.70 - LU0358998713 - -
I2 EUR Accumulating 23.47 0.10 0.43 23.67 20.49 - LU1559746307 - -
A8 Hgd AUD Monthly 7.02 0.05 0.72 7.26 6.79 - LU1133072774 - -
D3 Hgd GBP Monthly 6.91 0.05 0.73 7.11 6.59 - LU0995345831 - -
D2 USD Accumulating 26.08 0.19 0.73 26.21 23.12 - LU0383940458 - -
A2 CHF Accumulating 24.18 0.15 0.62 24.56 21.82 - LU0938162186 - -
Class S3 Hedged GBP - 10.47 0.07 0.67 10.78 10.00 - LU1911699996 - -
C2 USD Accumulating 20.90 0.15 0.72 21.05 18.86 - LU0278476923 - -
I5 USD Quarterly 9.78 0.07 0.72 9.89 9.15 - LU1495982867 - -
X2 Hgd GBP Accumulating 10.26 0.07 0.69 10.32 9.23 - LU1505939139 - -
X2 GBP Accumulating 5.60 0.05 0.90 5.95 5.17 - LU1688375267 - -
Class AI5 EUR - 10.53 0.05 0.48 10.62 10.27 - LU1960220660 - -
A1 EUR Daily 3.50 0.01 0.29 3.56 3.23 - LU0278461065 - -
D2 Hgd CHF Accumulating 9.07 0.06 0.67 9.16 8.33 - LU1688375184 - -
X2 AUD Accumulating 10.68 0.00 0.00 10.82 9.04 - LU1554267051 - -
A1 USD Daily 3.90 0.03 0.78 3.97 3.64 - LU0278477574 - -
D2 Hgd EUR Accumulating 7.92 0.05 0.64 8.00 7.25 - LU0622213642 - -
A2 Hgd EUR Accumulating 7.75 0.05 0.65 7.84 7.13 - LU0359002093 - -
I2 CHF - 25.72 0.16 0.63 26.11 23.06 - LU1781817694 - -
I2 GBP - 19.86 0.19 0.97 21.15 18.42 - LU1741217027 - -
A3 HKD Monthly 30.64 0.18 0.59 31.29 28.67 - LU0388349754 - -
A3 EUR Monthly 3.53 0.02 0.57 3.59 3.25 - LU0278457469 - -
A4 USD Annual 15.75 0.11 0.70 16.55 14.75 - LU0548402170 - -
A2 USD Accumulating 24.55 0.18 0.74 24.69 21.88 - LU0278470058 - -
A4 EUR Annual 14.16 0.06 0.43 14.82 13.07 - LU0478974834 - -
A3 USD Monthly 3.93 0.03 0.77 4.01 3.67 - LU0278470132 - -
C1 USD Daily 3.89 0.02 0.52 3.97 3.64 - LU0278478119 - -
A2 Hgd SEK Accumulating 92.10 0.63 0.69 93.09 84.62 - LU1715605868 - -
D5 GBP Quarterly 8.82 0.08 0.92 9.53 8.45 - LU1694209807 - -
A2 EUR Accumulating 22.07 0.10 0.46 22.27 19.38 - LU0278457204 - -
I2 Hgd EUR Accumulating 8.17 0.06 0.74 8.24 7.46 - LU0473186707 - -
A6 Hgd SGD Monthly 7.96 0.06 0.76 8.22 7.69 - LU1676225185 - -
D3 EUR Monthly 14.60 0.07 0.48 14.85 13.45 - LU0827884924 - -
D3 USD Monthly 16.24 0.12 0.74 16.58 15.18 - LU0523291242 - -
D2 Hgd GBP Accumulating 14.82 0.10 0.68 14.92 13.42 - LU0827885491 - -
D2 EUR Accumulating 23.44 0.10 0.43 23.64 20.49 - LU0329592702 - -
D3 Hgd AUD Monthly 6.55 0.05 0.77 6.72 6.19 - LU0827884841 - -
A6 USD Monthly 8.69 0.06 0.70 8.94 8.33 - LU1408528211 - -
D4 EUR Annual 14.20 0.06 0.42 14.91 13.10 - LU0827885145 - -
E2 USD Accumulating 23.02 0.16 0.70 23.17 20.62 - LU0374975414 - -
C2 EUR Accumulating 18.79 0.08 0.43 18.99 16.71 - LU0278457972 - -
I2 USD Accumulating 26.11 0.19 0.73 26.25 23.12 - LU0520955575 - -
D2 Hgd SGD Accumulating 8.89 0.06 0.68 8.94 7.95 - LU0827884767 - -
D2 Hgd PLN Accumulating 10.47 0.07 0.67 10.53 9.39 - LU0827884684 - -
A6 Hgd GBP Monthly 8.16 0.06 0.74 8.52 7.97 - LU1408528302 - -
E2 EUR Accumulating 20.69 0.08 0.39 20.89 18.27 - LU0278459671 - -
D3 HKD Monthly 126.72 0.75 0.60 129.46 118.60 - LU0827885061 - -
Class X5 Hedged GBP - 10.10 0.03 0.30 10.36 9.76 - LU1954752702 - -
Class AI2 EUR - 10.67 0.05 0.47 10.77 9.83 - LU1960220587 - -
X2 EUR Accumulating 6.62 0.03 0.46 6.67 5.75 - LU0531082021 - -
E2 Hgd EUR Accumulating 7.38 0.05 0.68 7.49 6.82 - LU0474536231 - -
A8 Hgd NZD Monthly 8.74 0.07 0.81 9.02 8.43 - LU1408528724 - -
A2 Hgd PLN Accumulating 10.10 0.07 0.70 10.16 9.10 - LU0480535052 - -
A2 CZK Accumulating 563.04 2.38 0.42 568.77 500.04 - LU1791177113 - -
A3 Hgd AUD Monthly 6.55 0.04 0.61 6.73 6.19 - LU0575500318 - -
A6 Hgd HKD Monthly 86.57 0.62 0.72 89.42 83.59 - LU1408528484 - -
X2 USD Accumulating 7.36 0.05 0.68 7.40 6.49 - LU0344905624 - -
A2 Hgd CHF Accumulating 7.57 0.05 0.66 7.67 6.99 - LU0623004180 - -
A6 Hgd CAD Monthly 8.63 0.06 0.70 8.94 8.36 - LU1408528641 - -
D4 USD Annual 15.79 0.11 0.70 16.65 14.78 - LU0827885228 - -

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, 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