Fixed Income

BGF Emerging Markets Local Currency 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

4.35 -5.50 15.06 -1.06 -9.09
Benchmark (%) Index: JP Morgan GBI-EM Global Diversified Index - in EUR<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

7.37 -5.23 13.23 1.20 -1.48
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 22, 2019 USD 4,539.607
Base Currency U.S. Dollar
Fund Inception Date Jun 26, 1997
Share Class Inception Date Feb 2, 2007
Asset Class Fixed Income
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark Index JP Morgan GBI-EM Global Diversified Index - in EUR
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0278457972
Bloomberg Ticker MLLEEC2
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL B43C2Z9
Bloomberg Benchmark Ticker JGENVUEG
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Jan 31, 2019 8.23
5y Volatility - Benchmark as of Jan 31, 2019 9.37
5y Beta as of Jan 31, 2019 1.061

Ratings

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Jan 31, 2019
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 3.76
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 2.99
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.86
HUNGARY (REPUBLIC OF) 3 06/26/2024 2.12
COLOMBIA REPUBLIC OF (GOVERNMENT) 10 07/24/2024 1.98
Name Weight (%)
MEXICO (UNITED MEXICAN STATES) 10 11/20/2036 1.89
POLAND (REPUBLIC OF) 2.75 04/25/2028 1.83
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2021 1.78
SOUTH AFRICA (REPUBLIC OF) 8.5 01/31/2037 1.73
COLOMBIA (REPUBLIC OF) 7 06/30/2032 1.61
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
C2 EUR Accumulating 17.76 0.07 0.40 18.87 15.58 - LU0278457972 - -
Class S3 Hedged GBP - 10.55 0.04 0.38 10.71 10.00 - LU1911699996 - -
I5 USD Quarterly 9.66 0.03 0.31 11.64 8.89 - LU1495982867 - -
X2 GBP Accumulating 5.34 0.03 0.56 5.62 4.77 - LU1688375267 - -
X2 Hgd GBP Accumulating 9.85 0.04 0.41 11.35 8.85 - LU1505939139 - -
D2 Hgd CHF Accumulating 8.85 0.02 0.23 10.41 8.05 - LU1688375184 - -
D3 Hgd GBP Monthly 6.96 0.02 0.29 8.57 6.43 - LU0995345831 - -
I2 GBP - 19.02 0.11 0.58 20.13 17.03 - LU1741217027 - -
I2 EUR Accumulating 21.85 0.09 0.41 22.83 19.00 - LU1559746307 - -
A8 Hgd AUD Monthly 7.16 0.03 0.42 8.89 6.65 - LU1133072774 - -
A2 Hgd SGD Accumulating 8.22 0.03 0.37 9.48 7.39 - LU0358998713 - -
I5 EUR Quarterly 8.52 0.03 0.35 9.46 7.64 - LU0995350831 - -
C2 USD Accumulating 20.13 0.07 0.35 23.22 18.11 - LU0278476923 - -
I2 CHF - 24.78 0.08 0.32 26.95 10.00 - LU1781817694 - -
D2 CHF Accumulating 24.77 0.07 0.28 26.98 21.48 - LU1065150267 - -
X2 AUD Accumulating 9.76 -0.01 -0.10 10.18 8.61 - LU1554267051 - -
D2 USD Accumulating 24.76 0.08 0.32 28.07 22.10 - LU0383940458 - -
A2 CHF Accumulating 23.42 0.08 0.34 25.61 20.35 - LU0938162186 - -
Class I3 Hedged GBP Monthly 6.99 0.03 0.43 8.61 6.46 - LU0995336418 - -
A1 EUR Daily 3.40 0.01 0.29 3.77 3.04 - LU0278461065 - -
D2 Hgd EUR Accumulating 7.71 0.03 0.39 9.05 6.99 - LU0622213642 - -
A3 EUR Monthly 3.43 0.01 0.29 3.80 3.06 - LU0278457469 - -
A1 USD Daily 3.86 0.02 0.52 4.63 3.54 - LU0278477574 - -
A2 Hgd EUR Accumulating 7.57 0.02 0.26 8.94 6.89 - LU0359002093 - -
A3 HKD Monthly 30.53 0.11 0.36 36.62 27.93 - LU0388349754 - -
A2 EUR Accumulating 20.65 0.09 0.44 21.70 18.01 - LU0278457204 - -
A2 USD Accumulating 23.40 0.07 0.30 26.67 20.93 - LU0278470058 - -
Class E5 Hedged EUR Quarterly 6.67 0.02 0.30 8.32 6.23 - LU1062843260 - -
D3 Hgd AUD Monthly 6.56 0.03 0.46 7.97 6.02 - LU0827884841 - -
D3 EUR Monthly 14.20 0.06 0.42 15.74 12.66 - LU0827884924 - -
I2 Hgd EUR Accumulating 7.94 0.03 0.38 9.31 7.19 - LU0473186707 - -
D2 Hgd GBP Accumulating 14.30 0.05 0.35 16.60 12.90 - LU0827885491 - -
A6 USD Monthly 8.80 0.03 0.34 10.82 8.14 - LU1408528211 - -
C1 USD Daily 3.85 0.01 0.26 4.63 3.53 - LU0278478119 - -
D2 EUR Accumulating 21.85 0.09 0.41 22.86 19.01 - LU0329592702 - -
D5 GBP Quarterly 8.80 0.05 0.57 9.91 8.10 - LU1694209807 - -
A4 USD Annual 15.78 0.06 0.38 19.19 14.11 - LU0548402170 - -
A3 USD Monthly 3.89 0.01 0.26 4.68 3.56 - LU0278470132 - -
A2 Hgd SEK Accumulating 89.94 0.30 0.33 106.35 81.81 - LU1715605868 - -
A4 EUR Annual 13.92 0.06 0.43 15.62 12.14 - LU0478974834 - -
D3 USD Monthly 16.10 0.06 0.37 19.37 14.72 - LU0523291242 - -
E2 EUR Accumulating 19.44 0.08 0.41 20.53 17.00 - LU0278459671 - -
A6 Hgd SGD Monthly 8.10 0.03 0.37 10.08 7.54 - LU1676225185 - -
D4 EUR Annual 13.97 0.06 0.43 15.70 12.15 - LU0827885145 - -
E2 USD Accumulating 22.04 0.08 0.36 25.23 19.76 - LU0374975414 - -
I2 USD Accumulating 24.77 0.09 0.36 28.03 22.08 - LU0520955575 - -
D2 Hgd PLN Accumulating 10.03 0.03 0.30 11.57 9.01 - LU0827884684 - -
D3 HKD Monthly 126.33 0.45 0.36 151.53 115.55 - LU0827885061 - -
D2 Hgd SGD Accumulating 8.49 0.02 0.24 9.76 7.62 - LU0827884767 - -
A6 Hgd GBP Monthly 8.39 0.03 0.36 10.57 7.85 - LU1408528302 - -
A3 Hgd AUD Monthly 6.56 0.02 0.31 7.97 6.02 - LU0575500318 - -
A2 Hgd CHF Accumulating 7.42 0.02 0.27 8.77 6.76 - LU0623004180 - -
A2 CZK Accumulating 529.79 2.66 0.50 549.69 463.69 - LU1791177113 - -
E2 Hgd EUR Accumulating 7.24 0.02 0.28 8.59 6.60 - LU0474536231 - -
A6 Hgd CAD Monthly 8.81 0.03 0.34 10.96 8.20 - LU1408528641 - -
A8 Hgd NZD Monthly 8.89 0.03 0.34 11.05 8.26 - LU1408528724 - -
X2 EUR Accumulating 6.14 0.03 0.49 6.38 5.32 - LU0531082021 - -
D4 USD Annual 15.83 0.05 0.32 19.28 14.13 - LU0827885228 - -
A6 Hgd HKD Monthly 88.09 0.30 0.34 109.65 81.97 - LU1408528484 - -
A2 Hgd PLN Accumulating 9.72 0.04 0.41 11.26 8.75 - LU0480535052 - -
X2 USD Accumulating 6.95 0.02 0.29 7.83 6.19 - LU0344905624 - -

Portfolio Managers

Portfolio Managers

Sergio Trigo Paz
Head of BlackRock Emerging Markets Fixed Income
Laurent Develay
Director, Emerging Markets Debt team within BlackRock's Portfolio Management Group

Laurent Develay

Michal Wozniak
Director, Emerging Markets Debt team within BlackRock Fundamental Fixed Income

Michal Wozniak

Literature

Literature