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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.

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

  • Returns

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

Chart

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 13-Dec-2019 USD 3,875.19
Base Currency USD
Fund Launch Date 26-Jun-1997
Share Class launch date 30-Jun-2010
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0520955575
Bloomberg Ticker BGLEMI2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B3XYJF7
Bloomberg Benchmark Ticker ELMIPLUS
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Risk Indicator

Risk Indicator

1
2
3
4
5
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7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class I2, as of 30-Nov-2019 rated against 685 Global Emerging Markets Bond - Local Currency Funds.

Portfolio Managers

Portfolio Managers

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

Holdings

Holdings

as of 29-Nov-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 29-Nov-2019

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2019

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2019

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-2019

% of Market Value

Type Fund Benchmark Net
as of 29-Nov-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 I2 USD None 26.19 0.08 0.31 26.25 23.12 - LU0520955575 - -
Class I2 GBP - 19.65 -0.21 -1.06 21.15 18.42 - LU1741217027 - -
Class A3 EUR Monthly 3.53 0.00 0.00 3.59 3.25 - LU0278457469 - -
Class D2 USD None 26.16 0.08 0.31 26.21 23.12 - LU0383940458 - -
Class AI5 EUR - 10.53 0.00 0.00 10.62 10.27 - LU1960220660 - -
Class I2 CHF - 25.75 0.03 0.12 26.11 23.06 - LU1781817694 - -
Class I5 EUR Quarterly 8.80 0.01 0.11 8.87 8.02 - LU0995350831 - -
Class A2 CHF None 24.20 0.02 0.08 24.56 21.82 - LU0938162186 - -
Class A1 EUR Daily 3.50 0.00 0.00 3.56 3.23 - LU0278461065 - -
Class A2 Hedged SGD None 8.59 0.02 0.23 8.62 7.70 - LU0358998713 - -
Class A3 HKD Monthly 30.70 0.06 0.20 31.29 28.67 - LU0388349754 - -
Class A8 Hedged AUD Monthly 7.04 0.02 0.28 7.26 6.79 - LU1133072774 - -
Class D2 Hedged EUR None 7.94 0.02 0.25 8.00 7.25 - LU0622213642 - -
Class A2 Hedged EUR None 7.78 0.03 0.39 7.84 7.13 - LU0359002093 - -
Class A1 USD Daily 3.91 0.01 0.26 3.97 3.64 - LU0278477574 - -
Class D2 Hedged CHF None 9.09 0.02 0.22 9.16 8.33 - LU1688375184 - -
Class I5 USD Quarterly 9.81 0.03 0.31 9.89 9.15 - LU1495982867 - -
Class A4 USD Annual 15.80 0.05 0.32 16.55 14.75 - LU0548402170 - -
Class D3 Hedged GBP Monthly 6.93 0.02 0.29 7.11 6.59 - LU0995345831 - -
Class D2 CHF None 25.71 0.03 0.12 26.08 23.06 - LU1065150267 - -
Class I3 Hedged GBP Monthly 6.96 0.02 0.29 7.14 6.62 - LU0995336418 - -
Class A2 USD None 24.62 0.07 0.29 24.69 21.88 - LU0278470058 - -
Class A4 EUR Annual 14.17 0.01 0.07 14.82 13.07 - LU0478974834 - -
Class A6 USD Monthly 8.72 0.03 0.35 8.94 8.33 - LU1408528211 - -
Class A6 Hedged SGD Monthly 7.98 0.02 0.25 8.22 7.69 - LU1676225185 - -
Class A3 USD Monthly 3.94 0.01 0.25 4.01 3.67 - LU0278470132 - -
Class D2 Hedged GBP None 14.86 0.04 0.27 14.92 13.42 - LU0827885491 - -
Class D2 EUR None 23.46 0.02 0.09 23.64 20.49 - LU0329592702 - -
Class D3 Hedged AUD Monthly 6.57 0.02 0.31 6.72 6.19 - LU0827884841 - -
Class D5 GBP Quarterly 8.73 -0.09 -1.02 9.53 8.45 - LU1694209807 - -
Class A2 EUR None 22.08 0.01 0.05 22.27 19.38 - LU0278457204 - -
Class D2 Hedged PLN None 10.50 0.03 0.29 10.53 9.39 - LU0827884684 - -
Class A2 Hedged SEK None 92.36 0.26 0.28 93.09 84.62 - LU1715605868 - -
Class D3 EUR Monthly 14.61 0.01 0.07 14.85 13.45 - LU0827884924 - -
Class E5 Hedged EUR Quarterly 6.60 0.01 0.15 6.78 6.36 - LU1062843260 - -
Class D2 Hedged SGD None 8.92 0.03 0.34 8.94 7.95 - LU0827884767 - -
Class D4 USD Annual 15.84 0.05 0.32 16.65 14.78 - LU0827885228 - -
Class E2 EUR None 20.71 0.02 0.10 20.89 18.27 - LU0278459671 - -
Class I2 Hedged EUR None 8.19 0.02 0.24 8.24 7.46 - LU0473186707 - -
Class D4 EUR Annual 14.21 0.01 0.07 14.91 13.10 - LU0827885145 - -
Class D3 USD Monthly 16.29 0.05 0.31 16.58 15.18 - LU0523291242 - -
Class A6 Hedged GBP Monthly 8.18 0.02 0.25 8.52 7.97 - LU1408528302 - -
Class A3 Hedged AUD Monthly 6.57 0.02 0.31 6.73 6.19 - LU0575500318 - -
Class D3 HKD Monthly 126.99 0.27 0.21 129.46 118.60 - LU0827885061 - -
Class E2 USD None 23.09 0.07 0.30 23.17 20.62 - LU0374975414 - -
Class A6 Hedged HKD Monthly 86.83 0.26 0.30 89.42 83.59 - LU1408528484 - -
Class E2 Hedged EUR None 7.40 0.02 0.27 7.49 6.82 - LU0474536231 - -
Class A6 Hedged CAD Monthly 8.66 0.03 0.35 8.94 8.36 - LU1408528641 - -
Class A2 Hedged PLN None 10.13 0.03 0.30 10.16 9.10 - LU0480535052 - -
Class A2 Hedged CHF None 7.59 0.02 0.26 7.67 6.99 - LU0623004180 - -
Class A2 CZK None 563.18 0.14 0.02 568.77 500.04 - LU1791177113 - -
Class A8 Hedged NZD Monthly 8.76 0.02 0.23 9.02 8.43 - LU1408528724 - -
Class AI2 EUR - 10.68 0.01 0.09 10.77 9.83 - LU1960220587 - -

Literature

Literature