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BGF Emerging Markets Local Currency Bond Fund

Overview

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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

Performance

Performance

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Distributions

Ex-Date Distribution
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  1y 3y 5y 10y Incept.
-6.81 -0.59 3.12 - 0.67
-11.47 -2.28 2.06 - 0.05
Benchmark (%)

as of 31-Jan-2021

-6.12 2.00 3.98 - 0.94
  YTD 6m 1y 3y 5y 10y Incept.
-0.47 3.45 -6.81 -1.77 16.59 - 5.71
-5.44 -1.72 -11.47 -6.68 10.76 - 0.42
Benchmark (%)

as of 31-Jan-2021

-0.37 3.09 -6.12 6.11 21.55 - 8.08
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.

Key Facts

Key Facts

Size of Fund (Millions) as of 26-Feb-2021 USD 2,371.232
Base Currency U.S. Dollar
Fund Inception 26-Jun-1997
Share Class Currency Euro
Share Class Inception Date 04-Oct-2012
Additional Currencies Australian Dollar, British Pound, CZK, Canadian Dollar, Hong Kong Dollar, New Zealand Dollar, Polish Zloty, Singapore Dollar, Swedish Krona, Swiss Franc, U.S. Dollar
Asset Class -
Morningstar Category Global Emerging Markets Bond - Local Currency
Benchmark JP Morgan GBI-EM Global Diversified Index
Distribution Frequency Annually
ISIN LU0827885145
Bloomberg Ticker BGLED4E
Management Fee (incl. Distribution Fee, if any) 0.50%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 29-Jan-2021 4.80
Modified Duration as of 29-Jan-2021 4.53
Effective Duration as of 29-Jan-2021 4.46yrs
3y Volatility as of 31-Jan-2021 12.53
5yr Volatility as of 31-Jan-2021 10.94
Since Share Inception – Volatility as of 31-Jan-2021 10.71
Since Share Inception - Beta as of 31-Jan-2021 1.08

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 05-Feb-2021 BBB
MSCI ESG Quality Score (0-10) as of 05-Feb-2021 4.44
MSCI ESG Quality Score - Peer Percentile as of 05-Feb-2021 59.67
MSCI ESG % Coverage as of 05-Feb-2021 99.40
Fund Lipper Global Classification as of 05-Feb-2021 Bond Emerging Markets Global LC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05-Feb-2021 366.61
Funds in Peer Group as of 05-Feb-2021 243
All data is from MSCI ESG Fund Ratings as of 05-Feb-2021, based on holdings as of 30-Sep-2020. 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.

Holdings

Holdings

as of 29-Jan-2021
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.73
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.26
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.14
CHINA PEOPLES REPUBLIC OF (GOVERNM 1.99 04/09/2025 2.05
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.13 11/21/2029 1.97
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.96
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.91
PERU (REPUBLIC OF) 6.35 08/12/2028 1.67
BRAZIL (FEDERATIVE REPUBLIC OF) 0 07/01/2022 1.61
MEXICO (UNITED MEXICAN STATES) 7.5 06/03/2027 1.60

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-2021

% of Weight

Type Fund Benchmark Net
as of 29-Jan-2021

% of Weight

Type Fund Benchmark Net
as of 29-Jan-2021

% 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%

Ratings

Ratings

Morningstar Rating

4
As of 31-Dec-2017

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
D4 EUR Annually 12.53 -0.04 -0.32 26-Feb-2021 LU0827885145
A1 EUR Monthly (Daily Calculation) 3.07 -0.01 -0.32 26-Feb-2021 LU0278461065
A1 USD Monthly (Daily Calculation) 3.72 -0.05 -1.33 26-Feb-2021 LU0278477574
A2 CHF N/A 22.38 -0.25 -1.10 26-Feb-2021 LU0938162186
D3 EUR Monthly 12.77 -0.08 -0.62 26-Feb-2021 LU0827884924
A3 USD Monthly 3.74 -0.06 -1.58 26-Feb-2021 LU0278470132
A8 Hedged AUD Monthly 6.45 -0.11 -1.68 26-Feb-2021 LU1133072774
D3 Hedged AUD Monthly 6.12 -0.10 -1.61 26-Feb-2021 LU0827884841
D2 Hedged GBP N/A 14.70 -0.19 -1.28 26-Feb-2021 LU0827885491
D5 GBP Quarterly 7.91 0.03 0.38 26-Feb-2021 LU1694209807
A2 EUR N/A 20.39 -0.06 -0.29 26-Feb-2021 LU0278457204
D2 USD N/A 26.41 -0.34 -1.27 26-Feb-2021 LU0383940458
D2 Hedged CHF N/A 8.95 -0.11 -1.21 26-Feb-2021 LU1688375184
A6 USD Monthly 8.06 -0.15 -1.83 26-Feb-2021 LU1408528211
A2 Hedged PLN N/A 9.99 -0.13 -1.28 26-Feb-2021 LU0480535052
D3 USD Monthly 15.48 -0.25 -1.59 26-Feb-2021 LU0523291242
A2 Hedged CHF N/A 7.43 -0.09 -1.20 26-Feb-2021 LU0623004180
A6 Hedged SGD Monthly 7.30 -0.13 -1.75 26-Feb-2021 LU1676225185
A6 Hedged HKD Monthly 80.19 -1.45 -1.78 26-Feb-2021 LU1408528484
A6 Hedged CAD Monthly 7.89 -0.14 -1.74 26-Feb-2021 LU1408528641
A8 Hedged NZD Monthly 8.03 -0.14 -1.71 26-Feb-2021 LU1408528724
D2 Hedged PLN N/A 10.42 -0.13 -1.23 26-Feb-2021 LU0827884684
D2 EUR N/A 21.79 -0.07 -0.32 26-Feb-2021 LU0329592702
D2 CHF N/A 23.92 -0.27 -1.12 26-Feb-2021 LU1065150267
A2 Hedged EUR N/A 7.61 -0.10 -1.30 26-Feb-2021 LU0359002093
A3 HKD Monthly 29.03 -0.46 -1.56 26-Feb-2021 LU0388349754
D3 Hedged GBP Monthly 6.45 -0.11 -1.68 26-Feb-2021 LU0995345831
A2 USD N/A 24.71 -0.32 -1.28 26-Feb-2021 LU0278470058
A4 EUR Annually 12.48 -0.04 -0.32 26-Feb-2021 LU0478974834
D2 Hedged EUR N/A 7.83 -0.10 -1.26 26-Feb-2021 LU0622213642
A3 EUR Monthly 3.09 -0.02 -0.64 26-Feb-2021 LU0278457469
A2 Hedged SEK N/A 90.51 -1.17 -1.28 26-Feb-2021 LU1715605868
A4 USD Annually 15.13 -0.20 -1.30 26-Feb-2021 LU0548402170
D3 HKD Monthly 120.07 -1.92 -1.57 26-Feb-2021 LU0827885061
A2 Hedged SGD N/A 8.53 -0.11 -1.27 26-Feb-2021 LU0358998713
D2 Hedged SGD N/A 8.91 -0.11 -1.22 26-Feb-2021 LU0827884767
A2 CZK N/A 533.80 -0.61 -0.11 26-Feb-2021 LU1791177113
A6 Hedged GBP Monthly 7.39 -0.14 -1.86 26-Feb-2021 LU1408528302
D4 USD Annually 15.19 -0.19 -1.24 26-Feb-2021 LU0827885228
A3 Hedged AUD Monthly 6.12 -0.10 -1.61 26-Feb-2021 LU0575500318

Portfolio Managers

Portfolio Managers

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

Documents

Documents