Equity

BGF Latin American 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

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  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 Mar 31, 2021

20.83 20.56 -6.02 -40.85 42.34
Benchmark (%)

as of Mar 31, 2021

23.25 19.29 -6.72 -40.77 50.08
  1Y 3Y 5Y 10y Incept.
39.84 0.83 5.55 -3.84 6.58
Benchmark (%)

as of May 31, 2021

48.52 3.05 7.63 -2.74 7.46
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
1.74 3.65 9.91 39.84 2.51 31.01 -32.42 372.99
Benchmark (%)

as of May 31, 2021

6.02 7.99 17.16 48.52 9.43 44.46 -24.29 477.67
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Jun 17, 2021 USD 916.227
12m Trailing Yield -
Number of Holdings as of May 28, 2021 47
Base Currency U.S. Dollar
Fund Inception Date Jan 8, 1997
Share Class Inception Date Jan 9, 1997
Asset Class Equity
Morningstar Category Latin America Equity
Benchmark Index MSCI EM Latin America - Net Dividends
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 2.11%
ISIN LU0072463663
Bloomberg Ticker MERLTAI
Annual Management Fee 1.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 5301300
Bloomberg Benchmark Ticker NDUEEGFL
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of May 31, 2021 32.71
3y Beta as of May 31, 2021 1.034
5y Volatility - Benchmark as of May 31, 2021 28.72
5y Beta as of May 31, 2021 1.013

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 Jun 7, 2021 BB
MSCI ESG Quality Score (0-10) as of Jun 7, 2021 3.81
MSCI ESG Quality Score - Peer Percentile as of Jun 7, 2021 35.29
MSCI ESG % Coverage as of Jun 7, 2021 95.06
Fund Lipper Global Classification as of Jun 7, 2021 Equity Emerging Mkts Latin Am
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 7, 2021 309.70
Funds in Peer Group as of Jun 7, 2021 136
All data is from MSCI ESG Fund Ratings as of Jun 7, 2021, based on holdings as of Dec 31, 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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, 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 the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of May 28, 2021 0.00%
MSCI - UN Global Compact Violators as of May 28, 2021 20.25%
MSCI - Nuclear Weapons as of May 28, 2021 0.00%
MSCI - Thermal Coal as of May 28, 2021 0.00%
MSCI - Civilian Firearms as of May 28, 2021 0.00%
MSCI - Oil Sands as of May 28, 2021 0.00%
MSCI - Tobacco as of May 28, 2021 0.00%

Business Involvement Coverage as of May 28, 2021 99.98%
Percentage of Fund not covered as of May 28, 2021 0.00%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 12.81% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 decision phases 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’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. 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.

Ratings

Ratings

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of May 28, 2021
Name Weight (%)
VALE SA 10.01
BANCO BRADESCO SA 8.23
PETROLEO BRASILEIRO SA PETROBRAS 7.42
AMERICA MOVIL SAB DE CV 5.28
B3 SA BRASIL BOLSA BALCAO 4.10
Name Weight (%)
GRUPO FINANCIERO BANORTE SAB DE CV 3.49
ITAU UNIBANCO HOLDING SA 3.48
WAL MART DE MEXICO SAB DE CV 3.43
NOTRE DAME INTERMEDICA PARTICIPACOES SA 3.41
SUZANO SA 3.32
Holdings 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
A2 USD Accumulating 67.32 -0.39 -0.58 68.46 46.86 - LU0072463663 - -
I2 EUR - 9.57 0.10 1.06 9.57 6.76 - LU0368234455 - -
A2 Hgd PLN Accumulating 8.30 -0.05 -0.60 8.44 5.80 - LU0480534832 - -
D2 Hgd CHF Accumulating 6.33 -0.04 -0.63 6.44 4.42 - LU0827884171 - -
A4 GBP Annual 44.65 0.30 0.68 44.78 33.50 - LU0204063647 - -
D2 Hgd GBP Accumulating 42.61 -0.25 -0.58 43.34 29.72 - LU0827884411 - -
D4 GBP Annual 44.78 0.31 0.70 44.90 33.43 - LU0827884098 - -
X2 USD Accumulating 84.96 -0.49 -0.57 86.37 58.41 - LU0462856542 - -
A4 EUR Annual 53.01 0.53 1.01 53.01 37.69 - LU0408221785 - -
A2 EUR Accumulating 56.42 0.57 1.02 56.42 40.12 - LU0171289498 - -
A2 GBP Accumulating 48.28 0.32 0.67 48.42 36.22 - LU0171289738 - -
A2 Hgd CHF Accumulating 5.94 -0.04 -0.67 6.04 4.17 - LU0521028802 - -
D2 USD Accumulating 75.10 -0.44 -0.58 76.37 52.04 - LU0252970081 - -
A2 Hgd SGD Accumulating 6.26 -0.03 -0.48 6.36 4.36 - LU0572108347 - -
E2 USD Accumulating 61.25 -0.36 -0.58 62.30 42.78 - LU0147409709 - -
D2 Hgd PLN Accumulating 8.86 -0.06 -0.67 9.02 6.17 - LU0827884338 - -
D2 Hgd EUR Accumulating 50.49 -0.30 -0.59 51.37 35.25 - LU0827884254 - -
C2 USD Accumulating 50.26 -0.29 -0.57 51.13 35.26 - LU0147409378 - -
D2 GBP Accumulating 53.87 0.37 0.69 54.02 40.22 - LU0827883876 - -
X4 GBP Annual 44.61 0.31 0.70 44.73 33.03 - LU0462858670 - -
D4 EUR Annual 53.29 0.53 1.00 53.29 37.71 - LU0827883959 - -
J2 USD Accumulating 90.99 -0.52 -0.57 92.50 62.55 - LU0245446215 - -
D2 Hgd SGD Accumulating - - - - - - - - -
A2 Hgd HKD Accumulating 8.97 -0.06 -0.66 9.13 6.25 - LU0788109048 - -
E2 GBP Accumulating 43.93 0.29 0.66 44.06 33.06 - LU0171289811 - -
I2 USD - 11.41 -0.07 -0.61 11.61 7.90 - LU1847653067 - -
A2 Hgd AUD Accumulating 9.72 -0.06 -0.61 9.89 6.79 - LU1023057877 - -
D2 Hgd SGD Accumulating 6.68 -0.04 -0.60 6.79 4.64 - LU0827884502 - -
E2 EUR Accumulating 51.34 0.52 1.02 51.34 36.62 - LU0171289571 - -
C2 EUR Accumulating 42.12 0.42 1.01 42.12 30.19 - LU0331286228 - -
D2 EUR Accumulating 62.94 0.63 1.01 62.94 44.55 - LU0252965164 - -

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma

Literature

Literature