BGF Emerging Markets Local Currency Bond Fund

Fixed Income

BGF Emerging Markets Local Currency Bond Fund

  • NAV as of 22-Feb-19 CHF 8.85
    52 WK: 8.05 - 10.41
  • 1 Day NAV Change as of 22-Feb-19 0.02 (0.23%)

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in fixed income securities denominated in local currencies of developing market countries. These include bonds and money market instruments.

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.

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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 is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Dec-18

- - - - -15.05
Benchmark (%) Index: JP Morgan GBI-EM 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 31-Dec-18

- - - - -6.21

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in CHF, hedged fund 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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Share Class and Benchmark performance displayed in CHF. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

This product does not have any distributions data as of now.
Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 22-Feb-19 USD 4,539.607
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 31-Jan-19 133
Base Currency USD
Fund Launch Date 26-Jun-97
Inception Date 27-Sep-17
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan GBI-EM Global Diversified Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.79%
ISIN LU1688375184
Bloomberg Ticker BGLD2CH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BZ6CSV1
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment CHF 100000
Minimum Subsequent Investment CHF 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31-Jan-19
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 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% of Market Value

Type Fund Benchmark Net
as of 31-Jan-19

% 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 D2 Hedged CHF None 8.85 0.02 0.23 10.41 8.05 - LU1688375184 - -
Class D2 CHF None 24.77 0.07 0.28 26.98 21.48 - LU1065150267 - -
Class A2 CHF None 23.42 0.08 0.34 25.61 20.35 - LU0938162186 - -
Class X2 GBP None 5.34 0.03 0.56 5.62 4.77 - LU1688375267 - -
Class A1 USD Daily 3.86 0.02 0.52 4.63 3.54 - LU0278477574 - -
Class I5 USD Quarterly 9.66 0.03 0.31 11.64 8.89 - LU1495982867 - -
Class S3 Hedged GBP - 10.55 0.04 0.38 10.71 10.00 - LU1911699996 - -
Class X2 Hedged GBP None 9.85 0.04 0.41 11.35 8.85 - LU1505939139 - -
Class A8 Hedged AUD Monthly 7.16 0.03 0.42 8.89 6.65 - LU1133072774 - -
Class I2 GBP - 19.02 0.11 0.58 20.13 17.03 - LU1741217027 - -
Class I2 EUR None 21.85 0.09 0.41 22.83 19.00 - LU1559746307 - -
Class D3 Hedged GBP Monthly 6.96 0.02 0.29 8.57 6.43 - LU0995345831 - -
Class I3 Hedged GBP Monthly 6.99 0.03 0.43 8.61 6.46 - LU0995336418 - -
Class I5 EUR Quarterly 8.52 0.03 0.35 9.46 7.64 - LU0995350831 - -
Class X2 AUD None 9.76 -0.01 -0.10 10.18 8.61 - LU1554267051 - -
Class I2 CHF - 24.78 0.08 0.32 26.95 10.00 - LU1781817694 - -
Class A2 Hedged SGD None 8.22 0.03 0.37 9.48 7.39 - LU0358998713 - -
Class A3 HKD Monthly 30.53 0.11 0.36 36.62 27.93 - LU0388349754 - -
Class C2 USD None 20.13 0.07 0.35 23.22 18.11 - LU0278476923 - -
Class D2 Hedged EUR None 7.71 0.03 0.39 9.05 6.99 - LU0622213642 - -
Class D2 USD None 24.76 0.08 0.32 28.07 22.10 - LU0383940458 - -
Class A2 Hedged EUR None 7.57 0.02 0.26 8.94 6.89 - LU0359002093 - -
Class A1 EUR Daily 3.40 0.01 0.29 3.77 3.04 - LU0278461065 - -
Class A3 EUR Monthly 3.43 0.01 0.29 3.80 3.06 - LU0278457469 - -
Class A3 USD Monthly 3.89 0.01 0.26 4.68 3.56 - LU0278470132 - -
Class A6 Hedged SGD Monthly 8.10 0.03 0.37 10.08 7.54 - LU1676225185 - -
Class A2 EUR None 20.65 0.09 0.44 21.70 18.01 - LU0278457204 - -
Class D5 GBP Quarterly 8.80 0.05 0.57 9.91 8.10 - LU1694209807 - -
Class A2 USD None 23.40 0.07 0.30 26.67 20.93 - LU0278470058 - -
Class A2 Hedged SEK None 89.94 0.30 0.33 106.35 81.81 - LU1715605868 - -
Class A4 USD Annual 15.78 0.06 0.38 19.19 14.11 - LU0548402170 - -
Class A4 EUR Annual 13.92 0.06 0.43 15.62 12.14 - LU0478974834 - -
Class E5 Hedged EUR Quarterly 6.67 0.02 0.30 8.32 6.23 - LU1062843260 - -
Class D3 EUR Monthly 14.20 0.06 0.42 15.74 12.66 - LU0827884924 - -
Class D3 USD Monthly 16.10 0.06 0.37 19.37 14.72 - LU0523291242 - -
Class A6 USD Monthly 8.80 0.03 0.34 10.82 8.14 - LU1408528211 - -
Class D2 EUR None 21.85 0.09 0.41 22.86 19.01 - LU0329592702 - -
Class D2 Hedged GBP None 14.30 0.05 0.35 16.60 12.90 - LU0827885491 - -
Class D4 EUR Annual 13.97 0.06 0.43 15.70 12.15 - LU0827885145 - -
Class C2 EUR None 17.76 0.07 0.40 18.87 15.58 - LU0278457972 - -
Class C1 USD Daily 3.85 0.01 0.26 4.63 3.53 - LU0278478119 - -
Class D3 Hedged AUD Monthly 6.56 0.03 0.46 7.97 6.02 - LU0827884841 - -
Class I2 Hedged EUR None 7.94 0.03 0.38 9.31 7.19 - LU0473186707 - -
Class E2 USD None 22.04 0.08 0.36 25.23 19.76 - LU0374975414 - -
Class D2 Hedged PLN None 10.03 0.03 0.30 11.57 9.01 - LU0827884684 - -
Class D2 Hedged SGD None 8.49 0.02 0.24 9.76 7.62 - LU0827884767 - -
Class I2 USD None 24.77 0.09 0.36 28.03 22.08 - LU0520955575 - -
Class E2 EUR None 19.44 0.08 0.41 20.53 17.00 - LU0278459671 - -
Class D3 HKD Monthly 126.33 0.45 0.36 151.53 115.55 - LU0827885061 - -
Class A6 Hedged GBP Monthly 8.39 0.03 0.36 10.57 7.85 - LU1408528302 - -
Class A3 Hedged AUD Monthly 6.56 0.02 0.31 7.97 6.02 - LU0575500318 - -
Class A2 Hedged PLN None 9.72 0.04 0.41 11.26 8.75 - LU0480535052 - -
Class X2 USD None 6.95 0.02 0.29 7.83 6.19 - LU0344905624 - -
Class X2 EUR None 6.14 0.03 0.49 6.38 5.32 - LU0531082021 - -
Class A6 Hedged HKD Monthly 88.09 0.30 0.34 109.65 81.97 - LU1408528484 - -
Class A8 Hedged NZD Monthly 8.89 0.03 0.34 11.05 8.26 - LU1408528724 - -
Class D4 USD Annual 15.83 0.05 0.32 19.28 14.13 - LU0827885228 - -
Class A2 CZK None 529.79 2.66 0.50 549.69 463.69 - LU1791177113 - -
Class E2 Hedged EUR None 7.24 0.02 0.28 8.59 6.60 - LU0474536231 - -
Class A6 Hedged CAD Monthly 8.81 0.03 0.34 10.96 8.20 - LU1408528641 - -
Class A2 Hedged CHF None 7.42 0.02 0.27 8.77 6.76 - LU0623004180 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature