Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

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Performance

Performance

Chart

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
5.29 2.24 1.29 1.58 1.37
0.03 0.51 0.25 1.06 1.07
Benchmark (%) 3.20 0.60 0.52 1.63 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-1.25 0.17 -0.96 1.27 5.29 6.88 6.61 16.97 26.55
-6.19 -4.84 -5.91 -3.80 0.03 1.53 1.28 11.12 20.22
Benchmark (%) -0.95 0.08 -0.90 0.97 3.20 1.80 2.63 17.59 -
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, 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

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Key Facts

Key Facts

Net Assets of Fund
as of 21-Jun-2024
USD 1,610,983,359
Fund Inception
26-Jun-1997
Fund Base Currency
USD
Benchmark
JP Morgan GBI-EM Global Diversified Index
Initial Charge
5.00%
Management Fee (incl. Distribution Fee, if any)
1.00%
Minimum Initial Investment
EUR 5000
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Global Emerging Markets Bond - Local Currency
Dealing Frequency
Daily, forward pricing basis
SEDOL
B1PGSQ1
Share Class Inception Date
02-Feb-2007
Share Class Currency
EUR
Asset Class
Fixed Income
SFDR Classification
Other
ISIN
LU0278461065
Performance Fee
0.00%
Minimum Subsequent Investment
-
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
MLLEEA1
MAS ESG Fund
No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-May-2024
191
3y Beta
as of 31-May-2024
1.097
Modified Duration
as of 31-May-2024
6.26
Weighted Avg Maturity
as of 31-May-2024
7.65
5Y Annualised Volatility
as of 31-May-2024
9.65
Standard Deviation (3y)
as of 31-May-2024
7.03%
Yield to Maturity
as of 31-May-2024
8.52
Effective Duration
as of 31-May-2024
6.29yrs
WAL to Worst
as of 31-May-2024
7.65
Since Share Inception – Annualised Volatility
as of 31-May-2024
8.87

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Holdings

Holdings

as of 31-May-2024
Name Weight (%)
POLAND (REPUBLIC OF) 6 10/25/2033 2.93
PERU (REPUBLIC OF) 6.95 08/12/2031 2.73
BRAZIL FEDERATIVE REPUBLIC OF (GOV 10 01/01/2029 2.60
COLOMBIA (REPUBLIC OF) 13.25 02/09/2033 2.49
COLOMBIA (REPUBLIC OF) 7 03/26/2031 1.90
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.85
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2026 1.84
SOUTH AFRICA (REPUBLIC OF) 7 02/28/2031 1.69
MEXICO (UNITED MEXICAN STATES) (GO 7.75 05/29/2031 1.63
MEXICO (UNITED MEXICAN STATES) 7.5 06/03/2027 1.62

Exposure Breakdowns

Exposure Breakdowns

as of 31-May-2024

% of Weight

Type Fund Benchmark Net
as of 31-May-2024

% of Weight

Type Fund Benchmark Net
as of 31-May-2024

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 31-May-2024

% of Weight

Type Fund Benchmark Net
as of 31-May-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A1 EUR 2.79 0.01 0.36 21-Jun-2024 2.92 2.71 LU0278461065
D2 USD 25.68 0.05 0.20 21-Jun-2024 26.78 23.46 LU0383940458
A2 Hedged SEK 79.68 0.13 0.16 21-Jun-2024 84.12 74.28 LU1715605868
D3 Hedged GBP 5.01 0.01 0.20 21-Jun-2024 5.45 4.80 LU0995345831
D5 GBP 6.92 0.04 0.58 21-Jun-2024 7.42 6.88 LU1694209807
D2 Hedged EUR 7.03 0.01 0.14 21-Jun-2024 7.39 6.51 LU0622213642
A4 USD 12.44 0.02 0.16 21-Jun-2024 13.45 11.41 LU0548402170
A2 EUR 22.11 0.11 0.50 21-Jun-2024 22.50 20.61 LU0278457204
A3 HKD 23.49 0.03 0.13 21-Jun-2024 25.42 22.51 LU0388349754
A2 CHF 21.12 0.07 0.33 21-Jun-2024 22.17 19.52 LU0938162186
A2 Hedged SGD 7.86 0.02 0.26 21-Jun-2024 8.29 7.31 LU0358998713
A4 EUR 11.65 0.07 0.60 21-Jun-2024 12.19 10.85 LU0478974834
A2 USD 23.63 0.04 0.17 21-Jun-2024 24.71 21.66 LU0278470058
A8 Hedged AUD 4.87 0.01 0.21 21-Jun-2024 5.33 4.70 LU1133072774
D2 CHF 22.95 0.07 0.31 21-Jun-2024 24.08 21.14 LU1065150267
A2 Hedged EUR 6.72 0.01 0.15 21-Jun-2024 7.08 6.25 LU0359002093
D2 Hedged CHF 7.80 0.01 0.13 21-Jun-2024 8.30 7.35 LU1688375184
A3 USD 3.01 0.00 0.00 21-Jun-2024 3.26 2.87 LU0278470132
A1 USD 2.98 0.00 0.00 21-Jun-2024 3.22 2.86 LU0278477574
A6 Hedged SGD 5.37 0.01 0.19 21-Jun-2024 5.97 5.24 LU1676225185
A3 EUR 2.82 0.02 0.71 21-Jun-2024 2.95 2.73 LU0278457469
A6 USD 6.18 0.01 0.16 21-Jun-2024 6.74 5.95 LU1408528211
D3 EUR 11.66 0.07 0.60 21-Jun-2024 12.21 11.31 LU0827884924
D3 Hedged AUD 4.67 0.00 0.00 21-Jun-2024 5.14 4.52 LU0827884841
D2 EUR 24.03 0.13 0.54 21-Jun-2024 24.40 22.32 LU0329592702
D4 EUR 11.70 0.06 0.52 21-Jun-2024 12.25 10.87 LU0827885145
D3 USD 12.45 0.02 0.16 21-Jun-2024 13.47 11.89 LU0523291242
D2 Hedged PLN 10.30 0.02 0.19 21-Jun-2024 10.76 9.46 LU0827884684
D2 Hedged GBP 13.79 0.02 0.15 21-Jun-2024 14.41 12.65 LU0827885491
A6 Hedged GBP 5.45 0.01 0.18 21-Jun-2024 5.98 5.27 LU1408528302
D2 Hedged SGD 8.33 0.01 0.12 21-Jun-2024 8.77 7.72 LU0827884767
A6 Hedged HKD 59.61 0.09 0.15 21-Jun-2024 65.68 57.86 LU1408528484
A6 Hedged CAD 5.90 0.01 0.17 21-Jun-2024 6.49 5.71 LU1408528641
A2 CZK 551.39 3.69 0.67 21-Jun-2024 569.28 502.29 LU1791177113
A8 Hedged NZD 6.14 0.01 0.16 21-Jun-2024 6.71 5.92 LU1408528724
D4 USD 12.50 0.02 0.16 21-Jun-2024 13.51 11.42 LU0827885228
A2 Hedged PLN 9.71 0.01 0.10 21-Jun-2024 10.17 8.95 LU0480535052
A3 Hedged AUD 4.68 0.01 0.21 21-Jun-2024 5.15 4.52 LU0575500318
A2 Hedged CHF 6.37 0.01 0.16 21-Jun-2024 6.79 6.02 LU0623004180
D3 HKD 97.17 0.15 0.15 21-Jun-2024 105.15 93.09 LU0827885061

Portfolio Managers

Portfolio Managers

Laurent Develay
Laurent Develay
Amer Bisat
Amer Bisat
Laurent Develay
Laurent Develay
Michal Wozniak
Michal Wozniak

Documents

Documents