Fixed Income

BGF ESG Emerging Markets Local Currency Bond Fund

Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

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

Chart

Performance chart data not available for display.
View full chart
  1y 3y 5y 10y Incept.
1.98 - - - -0.76
-3.12 - - - -2.67
  YTD 6m 1y 3y 5y 10y Incept.
-3.64 3.27 1.98 - - - -2.00
-8.46 -1.90 -3.12 - - - -6.90
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 08-Mar-2021 USD 368.515
Base Currency U.S. Dollar
Fund Inception 09-Jul-2018
Share Class Currency Swiss Franc
Share Class Inception Date 09-Jul-2018
Additional Currencies Euro, U.S. Dollar
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark J.P. Morgan ESG-Government Bond Index Emerging Markets Global Diversified
Distribution Frequency N/A
ISIN LU1817794891
Bloomberg Ticker BGLD2HC
Management Fee (incl. Distribution Fee, if any) 0.50%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 26-Feb-2021 4.68
Modified Duration as of 26-Feb-2021 4.72
Effective Duration as of 26-Feb-2021 4.67yrs
3y Volatility as of - -
5yr Volatility as of - -
Since Share Inception – Volatility as of 28-Feb-2021 13.92
Since Share Inception - Beta as of 28-Feb-2021 1.13

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 4.65
MSCI ESG Quality Score - Peer Percentile as of 05-Feb-2021 82.30
MSCI ESG % Coverage as of 05-Feb-2021 99.62
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 01-Oct-2020 6.30
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 26-Feb-2021
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2023 2.45
BRAZIL FEDERATIVE REPUBLIC OF 10 01/01/2025 2.14
SOUTH AFRICA (REPUBLIC OF) 10.5 12/21/2026 2.01
TURKEY (REPUBLIC OF) 11.7 11/13/2030 1.70
BRAZIL FEDERATIVE REPUBLIC OF (GO 10 01/01/2027 1.63
Name Weight (%)
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 07/01/2023 1.62
COLOMBIA (REPUBLIC OF) 7.5 08/26/2026 1.58
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.57
POLAND (REPUBLIC OF) 2.25 04/25/2022 1.49
EGYPT (ARAB REPUBLIC OF) 14.664 10/06/2030 1.43

Exposure Breakdowns

Exposure Breakdowns

as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-2021

% of Weight

Type Fund Benchmark Net
as of 26-Feb-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

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
D2 Hedged CHF N/A 9.61 -0.13 -1.33 05-Mar-2021 LU1817794891
D2 USD N/A 10.37 -0.14 -1.33 05-Mar-2021 LU1817794388
A2 USD N/A 10.25 -0.14 -1.35 05-Mar-2021 LU1860487765
D2 Hedged EUR N/A 9.69 -0.14 -1.42 05-Mar-2021 LU1817794628
A2 Hedged EUR N/A 9.56 -0.13 -1.34 05-Mar-2021 LU1817794545

Portfolio Managers

Portfolio Managers

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

Documents

Documents