Fixed Income

BGF Emerging Markets Bond Fund

Overview

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

5.41 -2.20 11.12 5.03 -9.82
Benchmark (%) Index: JP Morgan EMBI 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 Dec 31, 2018

7.43 1.18 10.15 10.26 -4.26
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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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Feb 18, 2019 USD 2,593.000
Base Currency U.S. Dollar
Fund Inception Date Oct 1, 2004
Share Class Inception Date Mar 4, 2009
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - EUR Biased
Benchmark Index JP Morgan EMBI Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0413376566
Bloomberg Ticker MLEMA2E
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B526MQ0
Bloomberg Benchmark Ticker JPGCCOMP
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 Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jan 31, 2019 5.98
5y Volatility - Benchmark as of Jan 31, 2019 5.62
5y Beta as of Jan 31, 2019 1.019

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Emerging Markets Bond Fund, Class A2 Hedged, as of Jan 31, 2019 rated against 498 Global Emerging Markets Bond - EUR Biased Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Oct 9, 2018)

Risk Indicator

Risk Indicator

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2
3
4
5
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7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2019
Name Weight (%)
UKRAINE REPUBLIC OF (GOVERNMENT) RegS 7.375 09/25/2032 1.52
PETROLEOS DE VENEZUELA SA RegS 0 05/17/2035 1.44
PETROLEOS DE VENEZUELA SA RegS 0 05/16/2024 1.22
ECUADOR (REPUBLIC OF) RegS 7.95 06/20/2024 1.22
OMAN SULTANATE OF (GOVERNMENT) RegS 6.5 03/08/2047 1.10
Name Weight (%)
ECUADOR REPUBLIC OF (GOVERNMENT) RegS 8.875 10/23/2027 1.07
OMAN SULTANATE OF (GOVERNMENT) RegS 6.75 01/17/2048 1.03
RUSSIAN FEDERATION RegS 5.25 06/23/2047 0.99
SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 3.25 04/28/2025 0.98
EGYPT (ARAB REPUBLIC OF) MTN RegS 7.903 02/21/2048 0.88
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jan 31, 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
A2 Hgd EUR Accumulating 16.24 -0.06 -0.37 16.80 15.21 - LU0413376566 - -
A2 EUR Accumulating 15.85 -0.13 -0.81 15.98 14.32 - LU0200683885 - -
Class X5 Hedged CHF - 10.44 -0.04 -0.38 10.54 9.81 - LU1904800973 - -
A1 USD Daily 9.57 -0.03 -0.31 9.92 8.98 - LU0200680436 - -
C1 USD Daily 9.57 -0.03 -0.31 9.92 8.98 - LU0200681327 - -
Class I4 USD - 9.92 -0.03 -0.30 10.00 9.21 - LU1806518293 - -
A4 EUR Annual 12.12 -0.10 -0.82 12.22 11.17 - LU1072326561 - -
C2 USD Accumulating 14.99 -0.05 -0.33 15.24 13.97 - LU0200681673 - -
A1 EUR Daily 8.45 -0.07 -0.82 8.52 7.87 - LU0200683703 - -
A8 Hgd ZAR Monthly 94.10 -0.31 -0.33 101.01 88.89 - LU1109561420 - -
X2 USD Accumulating 20.83 -0.07 -0.33 20.98 19.30 - LU0200682721 - -
A3 USD Monthly 9.91 -0.03 -0.30 10.27 9.31 - LU0200680782 - -
I2 Hgd GBP - 9.87 -0.03 -0.30 10.00 9.21 - LU1806518533 - -
E2 USD Accumulating 16.74 -0.06 -0.36 16.91 15.58 - LU0200681830 - -
A8 Hgd CNH - 104.93 -0.35 -0.33 105.79 99.67 - LU1919856051 - -
E2 EUR Accumulating 14.79 -0.12 -0.80 14.91 13.42 - LU0200684180 - -
E2 Hgd EUR Accumulating 10.64 -0.04 -0.37 11.06 9.98 - LU1062842882 - -
A3 EUR Monthly 8.75 -0.07 -0.79 8.82 8.15 - LU0200684008 - -
D2 USD Accumulating 19.23 -0.06 -0.31 19.37 17.85 - LU0297941386 - -
Class I5 Hedged EUR Quarterly 9.55 -0.03 -0.31 10.22 9.04 - LU1323999216 - -
X2 Hgd EUR Accumulating 18.69 -0.06 -0.32 19.09 17.45 - LU0343170543 - -
D2 Hgd EUR Accumulating 16.86 -0.06 -0.35 17.35 15.77 - LU0827877399 - -
D3 USD Monthly 9.93 -0.03 -0.30 10.29 9.33 - LU0827876821 - -
D3 EUR Monthly 8.77 -0.07 -0.79 8.84 8.17 - LU0827877126 - -
I2 Hgd CHF Accumulating 9.58 -0.03 -0.31 9.87 8.97 - LU1618350562 - -
A6 Hgd HKD Monthly 65.34 -0.22 -0.34 70.24 61.70 - LU0764619960 - -
D2 EUR Accumulating 16.98 -0.14 -0.82 17.12 15.26 - LU0827877043 - -
Class E5 Hedged EUR Quarterly 9.29 -0.03 -0.32 9.93 8.79 - LU1062842965 - -
A6 USD Monthly 8.73 -0.03 -0.34 9.27 8.22 - LU0764617162 - -
I2 EUR Accumulating 15.29 -0.12 -0.78 15.41 13.72 - LU1048586868 - -
A6 Hgd GBP Monthly 9.19 -0.03 -0.33 9.96 8.70 - LU1408527916 - -
Class X5 Hedged EUR Quarterly 9.20 -0.03 -0.33 9.40 8.72 - LU1722865000 - -
X2 EUR Accumulating 18.40 -0.14 -0.76 18.54 16.41 - LU0988581723 - -
A8 Hgd AUD Monthly 8.57 -0.03 -0.35 9.16 8.09 - LU0871639893 - -
A8 Hgd NZD Monthly 9.48 -0.03 -0.32 10.18 8.96 - LU1408528138 - -
I2 Hgd EUR Accumulating 11.43 -0.04 -0.35 11.74 10.69 - LU1057294727 - -
A2 CZK Accumulating 407.81 -2.63 -0.64 411.78 365.67 - LU1791181735 - -
X2 Hgd GBP Accumulating 11.62 -0.03 -0.26 11.75 10.82 - LU1373034005 - -
X2 Hgd CHF Accumulating 10.63 -0.04 -0.37 10.89 9.94 - LU1403444356 - -
A2 Hgd GBP Accumulating 11.44 -0.04 -0.35 11.72 10.68 - LU1057296771 - -
I2 USD Accumulating 17.31 -0.06 -0.35 17.44 16.06 - LU1180455567 - -
A2 USD Accumulating 17.94 -0.06 -0.33 18.08 16.68 - LU0200680600 - -
A6 Hgd CAD Monthly 9.43 -0.04 -0.42 10.12 8.90 - LU1408528054 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Head of BlackRock Emerging Markets Fixed Income
Michel Aubenas, CFA
Head of BlackRock Emerging Markets Fixed Income

Michel Aubenas, CFA

Literature

Literature