Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-2021

8.39 -6.62 5.46 -5.22 9.41
  1y 3y 5y 10y Incept.
4.82 5.57 1.83 - -0.29
  YTD 1m 3m 1y 3y 5y 10y Incept.
-2.98 0.67 -1.28 4.82 17.67 9.48 - -2.56

Key Facts

Key Facts

Size of Fund (Millions) as of 24-Sep-2021 USD 2,275.14
12m Trailing Yield as of 31-Aug-2021 4.89
Number of Holdings as of 31-Aug-2021 155
Base Currency U.S. Dollar
Fund Launch Date 26-Jun-1997
Share Class launch date 04-Oct-2012
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.78%
ISIN LU0827885228
Bloomberg Ticker BGLED4U
Annual Management Fee 0.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B87D342
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 31-Aug-2021 6.26
Modified Duration as of 31-Aug-2021 4.77
Effective Duration as of 31-Aug-2021 4.72
Weighted Avg Maturity as of 31-Aug-2021 7.40
WAL to Worst as of 31-Aug-2021 7.40

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 07-Sep-2021 BBB
MSCI ESG Quality Score (0-10) as of 07-Sep-2021 4.33
MSCI ESG Quality Score - Peer Percentile as of 07-Sep-2021 52.21
MSCI ESG % Coverage as of 07-Sep-2021 99.43
Fund Lipper Global Classification as of 07-Sep-2021 Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Sep-2021 780.65
Funds in Peer Group as of 07-Sep-2021 249
All data is from MSCI ESG Fund Ratings as of 07-Sep-2021, based on holdings as of 30-Apr-2021. 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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Holdings

Holdings

as of 31-Aug-2021
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.85
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 2.63
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.33
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.97
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.92
Name Weight (%)
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.77
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.77
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 1.69
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.56
CHINA PEOPLES REPUBLIC OF (GOVERNM 2.68 05/21/2030 1.50
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2021

% of Market Value

Type Fund
as of 31-Aug-2021

% of Market Value

Type Fund
as of 31-Aug-2021

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Aug-2021

% of Market Value

Type Fund
as of 31-Aug-2021

% of Market Value

Type Fund
as of 31-Aug-2021

% of Market Value

Type Fund
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 D4 USD Annual 14.23 -0.10 -0.70 15.88 14.18 - LU0827885228 - -
Class A2 EUR None 20.68 -0.09 -0.43 21.15 19.75 - LU0278457204 - -
Class I5 USD Quarterly 8.80 -0.06 -0.68 9.74 8.77 - LU1495982867 - -
Class A4 USD Annual 14.21 -0.10 -0.70 15.83 14.16 - LU0548402170 - -
Class A2 Hedged EUR None 7.41 -0.05 -0.67 7.97 7.15 - LU0359002093 - -
Class A1 USD Daily 3.56 -0.02 -0.56 3.92 3.54 - LU0278477574 - -
Class D5 GBP Quarterly 7.62 -0.03 -0.39 8.60 7.61 - LU1694209807 - -
Class I3 Hedged GBP Monthly 6.20 -0.04 -0.64 6.81 6.18 - LU0995336418 - -
Class D3 Hedged GBP Monthly 6.17 -0.05 -0.80 6.79 6.16 - LU0995345831 - -
Class A4 EUR Annual 12.13 -0.06 -0.49 12.95 12.09 - LU0478974834 - -
Class A2 USD None 24.22 -0.17 -0.70 25.85 23.12 - LU0278470058 - -
Class I5 EUR Quarterly 7.52 -0.03 -0.40 7.95 7.49 - LU0995350831 - -
Class A1 EUR Daily 3.04 -0.01 -0.33 3.19 3.02 - LU0278461065 - -
Class I2 GBP - 19.04 -0.07 -0.37 20.45 18.51 - LU1741217027 - -
Class D2 Hedged EUR None 7.64 -0.05 -0.65 8.18 7.33 - LU0622213642 - -
Class D2 USD None 25.96 -0.18 -0.69 27.61 24.66 - LU0383940458 - -
Class D3 USD Monthly 14.84 -0.10 -0.67 16.30 14.74 - LU0523291242 - -
Class A3 EUR Monthly 3.06 -0.02 -0.65 3.21 3.04 - LU0278457469 - -
Class D3 EUR Monthly 12.67 -0.06 -0.47 13.29 12.58 - LU0827884924 - -
Class A3 USD Monthly 3.59 -0.02 -0.55 3.94 3.56 - LU0278470132 - -
Class A6 Hedged GBP Monthly 7.02 -0.05 -0.71 7.81 7.02 - LU1408528302 - -
Class I2 USD None 26.07 -0.18 -0.69 27.69 24.72 - LU0520955575 - -
Class I2 Hedged EUR None 7.90 -0.05 -0.63 8.45 7.57 - LU0473186707 - -
Class D4 EUR Annual 12.15 -0.06 -0.49 13.00 12.11 - LU0827885145 - -
Class D2 EUR None 22.16 -0.11 -0.49 22.61 21.06 - LU0329592702 - -
Class A6 USD Monthly 7.68 -0.05 -0.65 8.52 7.68 - LU1408528211 - -
Class D2 Hedged GBP None 14.41 -0.11 -0.76 15.36 13.75 - LU0827885491 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature