Fixed Income

BGF Emerging Markets Local Currency Bond Fund

Overview

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Performance

Performance

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  1y 3y 5y 10y Incept.
-8.09 -2.06 -2.75 -0.91 -1.64
-6.24 -0.51 -1.59 0.00 0.29
-12.69 -3.72 -3.75 -1.42 -1.94
-10.93 -2.20 -2.59 -0.51 0.00
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-8.09 -2.81 -10.26 -2.93 -8.09 -6.05 -13.03 -8.75 -23.90
-6.24 -2.65 -9.75 -1.91 -6.24 -1.53 -7.70 0.00 5.23
-12.69 -7.67 -14.75 -7.79 -12.69 -10.75 -17.38 -13.32 -27.71
-10.93 -7.52 -14.26 -6.81 -10.93 -6.46 -12.31 -5.00 -0.03

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The chart has 1 Y axis displaying Values. Range: -20 to 15.
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  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -14.03 12.41 13.03 -13.39 10.90 1.03 -8.37 -9.88 13.42 -8.09
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 SGD, 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 20-Jan-2025
USD 1,516,417,347
Fund Inception
26-Jun-1997
Fund Base Currency
USD
Benchmark
JP Morgan GBI-EM Global Diversified Index
Initial Charge
5.00%
ISIN
LU0358998713
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
MLLEEAS
MAS ESG Fund
No
Share Class Inception Date
10-Jun-2008
Share Class Currency
SGD
Asset Class
Fixed Income
SFDR Classification
Other
Management Fee
1.00%
Management Fee (incl. Distribution Fee, if any)
1.00%
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B43CTD6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Dec-2024
181
3y Beta
as of 31-Dec-2024
1.098
Modified Duration
as of 31-Dec-2024
5.89
Weighted Avg Maturity
as of 31-Dec-2024
7.47
5Y Annualised Volatility
as of 31-Dec-2024
13.29
Standard Deviation (3y)
as of 31-Dec-2024
12.43%
Yield to Maturity
as of 31-Dec-2024
8.79
Effective Duration
as of 31-Dec-2024
5.91yrs
WAL to Worst
as of 31-Dec-2024
7.47
Since Share Inception – Annualised Volatility
as of 31-Dec-2024
11.90

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Holdings

Holdings

as of 31-Dec-2024
Name Weight (%)
PERU (REPUBLIC OF) 6.95 08/12/2031 2.90
COLOMBIA (REPUBLIC OF) 13.25 02/09/2033 2.26
COLOMBIA (REPUBLIC OF) 7 03/26/2031 2.09
BRAZIL FEDERATIVE REPUBLIC OF (GOV 10 01/01/2029 2.06
SOUTH AFRICA (REPUBLIC OF) 8.875 02/28/2035 1.87
Name Weight (%)
POLAND (REPUBLIC OF) 6 10/25/2033 1.80
BRAZIL FEDERATIVE REPUBLIC OF (GOV 0 01/01/2026 1.76
SOUTH AFRICA (REPUBLIC OF) 8.25 03/31/2032 1.74
SOUTH AFRICA (REPUBLIC OF) 8 01/31/2030 1.71
TURKEY (REPUBLIC OF) 26.2 10/05/2033 1.58

Exposure Breakdowns

Exposure Breakdowns

as of 31-Dec-2024

% of Weight

as of 31-Dec-2024

% of Weight

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as of 31-Dec-2024

% of Weight

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-Dec-2024

% of Weight

as of 31-Dec-2024

% of Weight

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

Portfolio Managers

Portfolio Managers

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