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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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

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Reinvestments

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 30-Sep-2020

18.83 8.13 -13.67 8.39 -2.61
Benchmark (%)

as of 30-Sep-2020

17.06 7.32 -7.40 10.13 -1.45
  1y 3y 5y 10y Incept.
2.37 -0.67 3.83 -0.68 0.81
Benchmark (%)

as of 30-Nov-2020

3.34 2.52 5.52 0.24 2.03
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.95 5.22 3.54 2.37 -1.99 20.67 -6.58 11.78
Benchmark (%)

as of 30-Nov-2020

-0.76 5.49 3.80 3.34 7.75 30.80 2.41 32.11
  2015 2016 2017 2018 2019
Total Return (%) -14.17 12.99 13.90 -12.25 11.77
Annual w/ Sales Charge (%) -18.47 7.34 8.21 -16.63 6.18
Benchmark (%) -14.92 9.94 15.21 -6.21 13.47
Morningstar Category Avg. (%) -15.28 8.42 14.34 -8.14 11.41

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Size of Fund (Millions) as of 03-Dec-2020 USD 2,499.28
12m Trailing Yield -
Number of Holdings as of 30-Oct-2020 157
Base Currency USD
Fund Launch Date 26-Jun-1997
Share Class launch date 02-Feb-2007
Asset Class -
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index J.P. Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.28%
ISIN LU0278470058
Bloomberg Ticker MLLEUA2
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B1PGSW7
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Oct-2020 5.27%
Modified Duration as of 30-Oct-2020 5.84
Effective Duration as of 30-Oct-2020 5.75 Jahre
Weighted Avg Maturity as of 30-Oct-2020 8.07 Jahre
WAL to Worst as of 30-Oct-2020 8.07 Jahre

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 01-Nov-2020 BBB
MSCI ESG Quality Score (0-10) as of 01-Nov-2020 4.68
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-2020 74.36
MSCI ESG % Coverage as of 01-Nov-2020 99.63
Fund Lipper Global Classification as of 01-Nov-2020 Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Nov-2020 342.14
Funds in Peer Group as of 01-Nov-2020 234
All data is from MSCI ESG Fund Ratings as of 01-Nov-2020, based on holdings as of 31-May-2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of 30-Oct-2020 0.00%
MSCI - UN Global Compact Violators as of 30-Oct-2020 0.57%
MSCI - Nuclear Weapons as of 30-Oct-2020 0.00%
MSCI - Thermal Coal as of 30-Oct-2020 0.00%
MSCI - Civilian Firearms as of 30-Oct-2020 0.00%
MSCI - Oil Sands as of 30-Oct-2020 0.01%
MSCI - Tobacco as of 30-Oct-2020 0.00%

Business Involvement Coverage as of 30-Oct-2020 1.29%
Percentage of Fund not covered as of 30-Oct-2020 98.71%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.01%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Risk Indicator

Risk Indicator

1
2
3
4
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7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Sergio Trigo Paz
Laurent Develay
Laurent Develay
Michal Wozniak
Michal Wozniak

Holdings

Holdings

as of 30-Oct-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 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-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
Class A2 USD None 24.95 0.20 0.81 25.12 19.72 - LU0278470058 - -
Class A2 Hedged EUR None 7.70 0.06 0.79 7.91 6.16 - LU0359002093 - -
Class D2 USD None 26.64 0.22 0.83 26.70 20.97 - LU0383940458 - -
Class I2 CHF - 23.79 0.06 0.25 26.06 20.62 - LU1781817694 - -
Class D2 Hedged CHF None 9.05 0.07 0.78 9.25 7.21 - LU1688375184 - -
Class A3 HKD Monthly 29.58 0.23 0.78 31.15 24.14 - LU0388349754 - -
Class AI5 EUR Quarterly 9.33 0.01 0.11 10.84 8.47 - LU1960220660 - -
Class I5 EUR Quarterly 7.79 0.01 0.13 9.05 7.07 - LU0995350831 - -
Class A1 EUR Daily 3.12 0.01 0.32 3.62 2.86 - LU0278461065 - -
Class D3 Hedged GBP Monthly 6.58 0.05 0.77 7.04 5.42 - LU0995345831 - -
Class A2 Hedged SGD None 8.61 0.07 0.82 8.76 6.83 - LU0358998713 - -
Class A1 USD Daily 3.79 0.03 0.80 3.97 3.09 - LU0278477574 - -
Class I2 GBP - 19.85 -0.06 -0.30 20.55 17.54 - LU1741217027 - -
Class D2 Hedged EUR None 7.91 0.06 0.76 8.09 6.30 - LU0622213642 - -
Class A3 EUR Monthly 3.14 0.01 0.32 3.64 2.88 - LU0278457469 - -
Class A8 Hedged AUD Monthly 6.60 0.06 0.92 7.15 5.49 - LU1133072774 - -
Class I3 Hedged GBP Monthly 6.61 0.05 0.76 7.06 5.44 - LU0995336418 - -
Class A2 CHF None 22.22 0.05 0.23 24.47 19.35 - LU0938162186 - -
Class I5 USD Quarterly 9.48 0.08 0.85 9.88 7.63 - LU1495982867 - -
Class D2 CHF None 23.72 0.05 0.21 26.02 20.58 - LU1065150267 - -
Class E5 Hedged EUR Quarterly 6.24 0.05 0.81 6.65 5.09 - LU1062843260 - -
Class A4 EUR Annual 12.57 0.03 0.24 14.75 11.71 - LU0478974834 - -
Class D3 EUR Monthly 12.98 0.02 0.15 15.07 11.92 - LU0827884924 - -
Class A6 USD Monthly 8.26 0.06 0.73 8.86 6.87 - LU1408528211 - -
Class D3 USD Monthly 15.78 0.12 0.77 16.55 12.88 - LU0523291242 - -
Class A2 EUR None 20.52 0.04 0.20 22.99 18.26 - LU0278457204 - -
Class A3 USD Monthly 3.82 0.03 0.79 4.00 3.11 - LU0278470132 - -
Class D2 Hedged GBP None 14.84 0.12 0.82 15.15 11.78 - LU0827885491 - -
Class A6 Hedged SGD Monthly 7.48 0.06 0.81 8.11 6.25 - LU1676225185 - -
Class D5 GBP Quarterly 8.35 -0.02 -0.24 9.01 7.56 - LU1694209807 - -
Class A2 Hedged SEK None 91.53 0.72 0.79 94.00 73.09 - LU1715605868 - -
Class I2 USD None 26.71 0.21 0.79 26.74 21.01 - LU0520955575 - -
Class A4 USD Annual 15.28 0.12 0.79 16.12 12.65 - LU0548402170 - -
Class I2 Hedged EUR None 8.17 0.06 0.74 8.34 6.50 - LU0473186707 - -
Class D2 EUR None 21.91 0.04 0.18 24.44 19.42 - LU0329592702 - -
Class D4 EUR Annual 12.60 0.03 0.24 14.80 11.76 - LU0827885145 - -
Class D2 Hedged SGD None 8.98 0.07 0.79 9.10 7.10 - LU0827884767 - -
Class D3 Hedged AUD Monthly 6.24 0.05 0.81 6.67 5.13 - LU0827884841 - -
Class E2 USD None 23.29 0.19 0.82 23.55 18.46 - LU0374975414 - -
Class D2 Hedged PLN None 10.52 0.08 0.77 10.71 8.34 - LU0827884684 - -
Class D4 USD Annual 15.32 0.13 0.86 16.17 12.70 - LU0827885228 - -
Class E2 EUR None 19.15 0.03 0.16 21.54 17.09 - LU0278459671 - -
Class A6 Hedged GBP Monthly 7.58 0.05 0.66 8.30 6.37 - LU1408528302 - -
Class A2 Hedged PLN None 10.10 0.08 0.80 10.33 8.04 - LU0480535052 - -
Class E2 Hedged EUR None 7.30 0.06 0.83 7.53 5.85 - LU0474536231 - -
Class D3 HKD Monthly 122.35 0.98 0.81 128.86 99.87 - LU0827885061 - -
Class A3 Hedged AUD Monthly 6.24 0.05 0.81 6.67 5.13 - LU0575500318 - -
Class A2 Hedged CHF None 7.52 0.06 0.80 7.72 6.01 - LU0623004180 - -
Class A6 Hedged CAD Monthly 8.09 0.07 0.87 8.79 6.78 - LU1408528641 - -
Class A6 Hedged HKD Monthly 82.22 0.66 0.81 88.22 68.40 - LU1408528484 - -
Class A2 CZK None 542.19 1.87 0.35 573.35 507.04 - LU1791177113 - -
Class A8 Hedged NZD Monthly 8.21 0.06 0.74 8.90 6.84 - LU1408528724 - -
Class AI2 EUR - 9.92 0.02 0.20 11.11 8.83 - LU1960220587 - -

Literature

Literature