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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

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 HKD, 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

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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 28-Sep-2020 USD 2,294.01
Base Currency USD
Fund Launch Date 26-Jun-1997
Share Class launch date 22-Sep-2008
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.
ISIN LU0388349754
Bloomberg Ticker BGFLEA3
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3DBV52
Bloomberg Benchmark Ticker ELMIPLHKD
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment HKD 5,000.00
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-Sep-2020 83.05
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-Sep-2020 Bond Emerging Markets Global LC
All data is from MSCI ESG Fund Ratings as of 01-Sep-2020, based on holdings as of 31-Mar-2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (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 using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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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 31-Aug-2020
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 3.36
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.90
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.30
PERU (REPUBLIC OF) 6.95 08/12/2031 2.07
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.99
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.93
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.90
HUNGARY (REPUBLIC OF) 3 08/21/2030 1.84
CZECH REPUBLIC 2 10/13/2033 1.82
PERU (REPUBLIC OF) 6.35 08/12/2028 1.76
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-2020

% of Market Value

Type Fund Benchmark Net
as of 31-Aug-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 A3 HKD Monthly 27.69 -0.05 -0.18 31.17 24.14 - LU0388349754 - -
Class A2 Hedged EUR None 7.15 -0.01 -0.14 7.91 6.16 - LU0359002093 - -
Class D3 Hedged GBP Monthly 6.17 -0.01 -0.16 7.04 5.42 - LU0995345831 - -
Class I5 EUR Quarterly 7.51 -0.04 -0.53 9.05 7.07 - LU0995350831 - -
Class A2 CHF None 21.44 -0.07 -0.33 24.56 19.35 - LU0938162186 - -
Class D2 USD None 24.66 -0.04 -0.16 26.70 20.97 - LU0383940458 - -
Class D2 Hedged CHF None 8.40 -0.02 -0.24 9.25 7.21 - LU1688375184 - -
Class I3 Hedged GBP Monthly 6.20 -0.01 -0.16 7.06 5.44 - LU0995336418 - -
Class A1 USD Daily 3.54 -0.01 -0.28 3.97 3.09 - LU0278477574 - -
Class A2 Hedged SGD None 7.98 -0.02 -0.25 8.76 6.83 - LU0358998713 - -
Class A8 Hedged AUD Monthly 6.20 -0.01 -0.16 7.15 5.49 - LU1133072774 - -
Class I5 USD Quarterly 8.77 -0.01 -0.11 9.88 7.63 - LU1495982867 - -
Class AI5 EUR - 9.01 -0.04 -0.44 10.84 8.47 - LU1960220660 - -
Class I2 GBP - 19.21 -0.27 -1.39 20.87 17.54 - LU1741217027 - -
Class A2 USD None 23.12 -0.04 -0.17 25.12 19.72 - LU0278470058 - -
Class I2 CHF - 22.93 -0.07 -0.30 26.11 20.62 - LU1781817694 - -
Class D2 Hedged EUR None 7.33 -0.02 -0.27 8.09 6.30 - LU0622213642 - -
Class A3 EUR Monthly 3.06 -0.02 -0.65 3.64 2.88 - LU0278457469 - -
Class D2 CHF None 22.87 -0.07 -0.31 26.08 20.58 - LU1065150267 - -
Class A2 Hedged SEK None 84.94 -0.17 -0.20 94.00 73.09 - LU1715605868 - -
Class A1 EUR Daily 3.03 -0.02 -0.66 3.62 2.86 - LU0278461065 - -
Class A4 EUR Annual 12.13 -0.06 -0.49 14.75 11.71 - LU0478974834 - -
Class D5 GBP Quarterly 8.08 -0.11 -1.34 9.28 7.56 - LU1694209807 - -
Class D3 Hedged AUD Monthly 5.85 -0.01 -0.17 6.67 5.13 - LU0827884841 - -
Class A3 USD Monthly 3.57 -0.01 -0.28 4.00 3.11 - LU0278470132 - -
Class A4 USD Annual 14.16 -0.02 -0.14 16.12 12.65 - LU0548402170 - -
Class A2 EUR None 19.81 -0.10 -0.50 22.99 18.26 - LU0278457204 - -
Class D3 USD Monthly 14.78 -0.03 -0.20 16.55 12.88 - LU0523291242 - -
Class D3 EUR Monthly 12.67 -0.06 -0.47 15.07 11.92 - LU0827884924 - -
Class A6 USD Monthly 7.78 -0.02 -0.26 8.86 6.87 - LU1408528211 - -
Class D2 Hedged SGD None 8.32 -0.02 -0.24 9.10 7.10 - LU0827884767 - -
Class D2 EUR None 21.13 -0.10 -0.47 24.44 19.42 - LU0329592702 - -
Class A6 Hedged SGD Monthly 7.05 -0.01 -0.14 8.11 6.25 - LU1676225185 - -
Class E5 Hedged EUR Quarterly 5.80 -0.01 -0.17 6.65 5.09 - LU1062843260 - -
Class I2 Hedged EUR None 7.57 -0.02 -0.26 8.34 6.50 - LU0473186707 - -
Class D4 EUR Annual 12.15 -0.06 -0.49 14.80 11.76 - LU0827885145 - -
Class I2 USD None 24.72 -0.05 -0.20 26.74 21.01 - LU0520955575 - -
Class E2 EUR None 18.51 -0.09 -0.48 21.54 17.09 - LU0278459671 - -
Class E2 USD None 21.59 -0.05 -0.23 23.55 18.46 - LU0374975414 - -
Class D2 Hedged GBP None 13.75 -0.03 -0.22 15.15 11.78 - LU0827885491 - -
Class D2 Hedged PLN None 9.74 -0.02 -0.20 10.71 8.34 - LU0827884684 - -
Class A3 Hedged AUD Monthly 5.85 -0.01 -0.17 6.67 5.13 - LU0575500318 - -
Class D4 USD Annual 14.18 -0.03 -0.21 16.17 12.70 - LU0827885228 - -
Class A6 Hedged GBP Monthly 7.16 -0.01 -0.14 8.30 6.37 - LU1408528302 - -
Class D3 HKD Monthly 114.54 -0.21 -0.18 128.96 99.87 - LU0827885061 - -
Class A2 Hedged CHF None 6.98 -0.02 -0.29 7.72 6.01 - LU0623004180 - -
Class A6 Hedged CAD Monthly 7.62 -0.02 -0.26 8.79 6.78 - LU1408528641 - -
Class E2 Hedged EUR None 6.78 -0.02 -0.29 7.53 5.85 - LU0474536231 - -
Class A6 Hedged HKD Monthly 77.44 -0.14 -0.18 88.22 68.40 - LU1408528484 - -
Class A2 Hedged PLN None 9.36 -0.02 -0.21 10.33 8.04 - LU0480535052 - -
Class AI2 EUR - 9.58 -0.05 -0.52 11.11 8.83 - LU1960220587 - -
Class A2 CZK None 538.11 -1.68 -0.31 573.35 507.04 - LU1791177113 - -
Class A8 Hedged NZD Monthly 7.72 -0.02 -0.26 8.90 6.84 - LU1408528724 - -

Literature

Literature