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BGF Emerging Markets Local Currency Bond Fund

Overview

Important Information: 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

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Performance chart data not available for display.
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Distributions

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

as of 31-Mar-21

7.75 11.98 -12.66 -10.26 16.31
  1y 3y 5y 10y Incept.
9.83 2.12 3.53 -0.61 0.13
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.71 2.77 1.77 9.83 6.50 18.94 -5.95 1.39

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

Key Facts

Key Facts

Size of Fund (Millions) as of 17-Jun-21 USD 2,546.990
12m Trailing Yield as of 31-May-21 4.56
Number of Holdings as of 28-May-21 153
Base Currency U.S. Dollar
Fund Launch Date 26-Jun-97
Inception Date 09-Aug-10
Asset Class -
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 LU0523291242
Bloomberg Ticker BGFLED3
Annual Management Fee 0.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B40T0W6
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 28-May-21 5.55%
Modified Duration as of 28-May-21 4.29
Effective Duration as of 28-May-21 4.23
Weighted Avg Maturity as of 28-May-21 7.05
3y Volatility - Benchmark as of 31-May-21 12.12
3y Beta as of 31-May-21 1.179
5y Volatility - Benchmark as of 31-May-21 11.15
5y Beta as of 31-May-21 1.126
WAL to Worst as of 28-May-21 7.05

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-Jun-21 BB
MSCI ESG Quality Score (0-10) as of 07-Jun-21 4.28
MSCI ESG Quality Score - Peer Percentile as of 07-Jun-21 48.78
MSCI ESG % Coverage as of 07-Jun-21 99.28
Fund Lipper Global Classification as of 07-Jun-21 Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Jun-21 513.00
Funds in Peer Group as of 07-Jun-21 246
All data is from MSCI ESG Fund Ratings as of 07-Jun-21, based on holdings as of 31-Jan-21. 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

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

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Emerging Markets Local Currency Bond Fund, Class D3, as of 31-May-21 rated against 778 Global Emerging Markets Bond - Local Currency Funds.

Holdings

Holdings

as of 28-May-21
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2024 2.75
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.67
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.38
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.21
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.91
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.90
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.80
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 1.71
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.58
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.58
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-May-21

% of Market Value

Type Fund Benchmark Net
as of 28-May-21

% of Market Value

Type Fund Benchmark Net
as of 28-May-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 28-May-21

% of Market Value

Type Fund Benchmark Net
as of 28-May-21

% of Market Value

Type Fund Benchmark Net
as of 28-May-21

% 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 D3 USD Monthly 15.40 -0.21 -1.35 16.30 14.64 - LU0523291242 - -
Class I3 Hedged GBP Monthly 6.44 -0.09 -1.38 6.81 6.15 - LU0995336418 - -
Class D2 CHF None 24.34 0.10 0.41 24.42 22.73 - LU1065150267 - -
Class AI5 EUR Quarterly 9.28 0.02 0.22 9.54 8.98 - LU1960220660 - -
Class A2 Hedged SGD None 8.56 -0.13 -1.50 8.92 7.86 - LU0358998713 - -
Class X2 GBP None 5.44 0.00 0.00 5.79 5.25 - LU1688375267 - -
Class SR2 Hedged EUR - 10.17 -0.15 -1.45 10.43 9.98 - LU2319963380 - -
Class C2 USD None 20.75 -0.29 -1.38 21.72 19.23 - LU0278476923 - -
Class A2 Hedged EUR None 7.62 -0.11 -1.42 7.97 7.06 - LU0359002093 - -
Class S3 Hedged GBP Monthly 9.72 -0.14 -1.42 10.29 9.28 - LU1911699996 - -
Class A2 CHF None 22.74 0.09 0.40 22.86 21.31 - LU0938162186 - -
Class I2 EUR None 22.36 0.04 0.18 22.68 21.12 - LU1559746307 - -
Class A8 Hedged AUD Monthly 6.40 -0.09 -1.39 6.80 6.17 - LU1133072774 - -
Class I5 USD Quarterly 9.25 -0.13 -1.39 9.74 8.72 - LU1495982867 - -
Class X2 AUD None 10.02 0.04 0.40 10.31 9.50 - LU1554267051 - -
Class A1 USD Daily 3.70 -0.05 -1.33 3.92 3.52 - LU0278477574 - -
Class X2 Hedged GBP None 10.33 -0.15 -1.43 10.70 9.40 - LU1505939139 - -
Class D2 Hedged CHF None 8.96 -0.13 -1.43 9.37 8.28 - LU1688375184 - -
Class D2 USD None 26.58 -0.38 -1.41 27.61 24.22 - LU0383940458 - -
Class D3 Hedged GBP Monthly 6.41 -0.09 -1.38 6.79 6.12 - LU0995345831 - -
Class I5 EUR Quarterly 7.75 0.02 0.26 7.97 7.49 - LU0995350831 - -
Class SR2 USD - 10.19 -0.15 -1.45 10.45 9.98 - LU2319963547 - -
Class A2 USD None 24.83 -0.35 -1.39 25.85 22.74 - LU0278470058 - -
Class I2 CHF - 24.43 0.10 0.41 24.50 22.79 - LU1781817694 - -
Class A3 EUR Monthly 3.12 0.01 0.32 3.22 3.04 - LU0278457469 - -
Class SR3 USD - 10.14 -0.14 -1.36 10.40 9.97 - LU2319963620 - -
Class A4 USD Annual 15.21 -0.21 -1.36 15.83 14.16 - LU0548402170 - -
Class A3 USD Monthly 3.72 -0.06 -1.59 3.94 3.54 - LU0278470132 - -
Class I2 GBP - 19.14 -0.02 -0.10 20.45 18.51 - LU1741217027 - -
Class D2 Hedged EUR None 7.85 -0.11 -1.38 8.18 7.23 - LU0622213642 - -
Class D4 EUR Annual 12.81 0.02 0.16 13.29 12.11 - LU0827885145 - -
Class D5 GBP Quarterly 7.86 -0.01 -0.13 8.60 7.61 - LU1694209807 - -
Class SR3 Hedged GBP - 10.13 -0.14 -1.36 10.39 9.97 - LU2319963463 - -
Class A1 EUR Daily 3.10 0.01 0.32 3.19 3.02 - LU0278461065 - -
Class A6 USD Monthly 7.99 -0.11 -1.36 8.52 7.74 - LU1408528211 - -
Class A2 EUR None 20.81 0.04 0.19 21.15 19.75 - LU0278457204 - -
Class A4 EUR Annual 12.75 0.03 0.24 13.22 12.09 - LU0478974834 - -
Class A6 Hedged SGD Monthly 7.22 -0.10 -1.37 7.71 7.01 - LU1676225185 - -
Class E5 Hedged EUR Quarterly 6.05 -0.08 -1.31 6.41 5.78 - LU1062843260 - -
Class D3 EUR Monthly 12.91 0.03 0.23 13.32 12.58 - LU0827884924 - -
Class A2 Hedged SEK None 90.64 -1.32 -1.44 94.63 83.84 - LU1715605868 - -
Class C2 EUR None 17.39 0.03 0.17 17.75 16.65 - LU0278457972 - -
Class D2 EUR None 22.28 0.04 0.18 22.61 21.06 - LU0329592702 - -
Class E2 USD None 23.11 -0.33 -1.41 24.12 21.27 - LU0374975414 - -
Class C1 USD Daily 3.69 -0.06 -1.60 3.91 3.52 - LU0278478119 - -
Class D3 Hedged AUD Monthly 6.08 -0.08 -1.30 6.43 5.80 - LU0827884841 - -
Class D2 Hedged SGD None 8.96 -0.13 -1.43 9.31 8.18 - LU0827884767 - -
Class D2 Hedged GBP None 14.77 -0.21 -1.40 15.36 13.53 - LU0827885491 - -
Class I2 USD None 26.68 -0.38 -1.40 27.69 24.28 - LU0520955575 - -
Class A3 HKD Monthly 28.91 -0.39 -1.33 30.55 27.44 - LU0388349754 - -
Class I2 Hedged EUR None 8.11 -0.12 -1.46 8.45 7.46 - LU0473186707 - -
Class D3 HKD Monthly 119.56 -1.64 -1.35 126.36 113.47 - LU0827885061 - -
Class D4 USD Annual 15.29 -0.21 -1.35 15.88 14.18 - LU0827885228 - -
Class A6 Hedged HKD Monthly 79.36 -1.12 -1.39 84.76 76.99 - LU1408528484 - -
Class X5 Hedged GBP Quarterly 9.40 -0.13 -1.36 9.92 8.90 - LU1954752702 - -
Class AI2 EUR - 10.07 0.02 0.20 10.23 9.55 - LU1960220587 - -
Class X2 EUR None 6.35 0.01 0.16 6.43 5.98 - LU0531082021 - -
Class A2 Hedged PLN None 10.00 -0.15 -1.48 10.46 9.24 - LU0480535052 - -
Class D2 Hedged PLN None 10.44 -0.16 -1.51 10.90 9.60 - LU0827884684 - -
Class X2 USD None 7.58 -0.11 -1.43 7.85 6.86 - LU0344905624 - -
Class A6 Hedged CAD Monthly 7.80 -0.12 -1.52 8.33 7.58 - LU1408528641 - -
Class A6 Hedged GBP Monthly 7.31 -0.10 -1.35 7.81 7.10 - LU1408528302 - -
Class A3 Hedged AUD Monthly 6.08 -0.09 -1.46 6.43 5.81 - LU0575500318 - -
Class A8 Hedged NZD Monthly 7.97 -0.12 -1.48 8.46 7.68 - LU1408528724 - -
Class A2 CZK None 531.10 1.79 0.34 549.55 517.25 - LU1791177113 - -
Class E2 Hedged EUR None 7.20 -0.11 -1.50 7.55 6.70 - LU0474536231 - -
Class E2 EUR None 19.37 0.03 0.16 19.72 18.45 - LU0278459671 - -
Class A2 Hedged CHF None 7.42 -0.11 -1.46 7.78 6.90 - LU0623004180 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature