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-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2020
To
31-Dec-2021
Total Return (%)

as of Dec 31, 2021

11.22 1.92 20.01 -24.34 -7.96
Benchmark (%)

as of Dec 31, 2021

8.69 -1.86 19.63 -20.92 -1.12
  1Y 3Y 5Y 10y Incept.
-7.96 -5.81 -1.08 -1.43 1.04
Benchmark (%)

as of Dec 31, 2021

-1.12 -2.20 -0.04 -0.87 1.77
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-7.96 6.14 -3.02 -7.96 -16.43 -5.27 -13.43 16.67
Benchmark (%)

as of Dec 31, 2021

-1.12 4.86 -0.83 -1.12 -6.45 -0.21 -8.36 29.75
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 Jan 20, 2022 USD 788.352
12m Trailing Yield -
Number of Holdings as of Dec 31, 2021 43
Base Currency U.S. Dollar
Fund Inception Date Jan 8, 1997
Share Class Inception Date Feb 28, 2007
Asset Class Equity
Morningstar Category Latin America Equity
Benchmark Index MSCI EM Latin America net in EUR Performance Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 1.33%
ISIN LU0252965164
Bloomberg Ticker MERLADE
Annual Management Fee 1.00%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B65Z3P7
Bloomberg Benchmark Ticker MSLANTEUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 100000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Dec 31, 2021 30.22
3y Beta as of Dec 31, 2021 1.008
5y Volatility - Benchmark as of Dec 31, 2021 25.77
5y Beta as of Dec 31, 2021 1.027

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

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 Dec 31, 2021 0.00%
MSCI - UN Global Compact Violators as of Dec 31, 2021 14.73%
MSCI - Nuclear Weapons as of Dec 31, 2021 0.00%
MSCI - Thermal Coal as of Dec 31, 2021 0.00%
MSCI - Civilian Firearms as of Dec 31, 2021 0.00%
MSCI - Oil Sands as of Dec 31, 2021 0.00%
MSCI - Tobacco as of Dec 31, 2021 0.00%

Business Involvement Coverage as of Dec 31, 2021 99.86%
Percentage of Fund not covered as of Dec 31, 2021 0.12%
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 8.28% 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

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Latin American Fund, Class D2, as of Dec 31, 2021 rated against 231 Latin America Equity Funds.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Dec 31, 2021
Name Weight (%)
AMERICA MOVIL SAB DE CV 7.59
VALE SA 6.91
PETROLEO BRASILEIRO SA PETROBRAS 6.41
BANCO BRADESCO SA 5.36
GRUPO FINANCIERO BANORTE SAB DE CV 5.21
Name Weight (%)
CEMEX SAB DE CV 4.48
B3 SA BRASIL BOLSA BALCAO 4.14
GLOBANT SA 3.64
GERDAU SA 3.26
WAL MART DE MEXICO SAB DE CV 3.24
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
D2 EUR Accumulating 56.23 0.44 0.79 64.69 50.45 - LU0252965164 - -
A4 EUR Annual 46.61 0.36 0.78 54.47 41.86 - LU0408221785 - -
A2 Hgd SGD Accumulating 5.27 0.04 0.76 6.46 4.74 - LU0572108347 - -
E2 USD Accumulating 51.64 0.41 0.80 63.16 46.41 - LU0147409709 - -
D2 GBP Accumulating 46.74 0.35 0.75 55.63 42.97 - LU0827883876 - -
D2 Hgd GBP Accumulating 36.01 0.29 0.81 43.96 32.35 - LU0827884411 - -
E2 GBP Accumulating 37.83 0.28 0.75 45.36 34.85 - LU0171289811 - -
E2 EUR Accumulating 45.52 0.35 0.77 52.75 40.91 - LU0171289571 - -
A2 Hgd AUD Accumulating 8.15 0.06 0.74 10.03 7.33 - LU1023057877 - -
C2 EUR Accumulating 37.18 0.29 0.79 43.27 33.45 - LU0331286228 - -
A2 USD Accumulating 56.92 0.45 0.80 69.42 51.12 - LU0072463663 - -
D2 Hgd PLN Accumulating 7.48 0.06 0.81 9.15 6.71 - LU0827884338 - -
I2 USD - 9.71 0.08 0.83 11.77 8.71 - LU1847653067 - -
D2 Hgd SGD Accumulating - - - - - - - - -
D2 Hgd SGD Accumulating 5.65 0.04 0.71 6.89 5.07 - LU0827884502 - -
J2 USD Accumulating 77.86 0.62 0.80 93.87 69.73 - LU0245446215 - -
D4 GBP Annual 38.13 0.28 0.74 46.24 35.06 - LU0827884098 - -
X2 USD Accumulating 72.70 0.57 0.79 87.65 65.11 - LU0462856542 - -
A2 GBP Accumulating 41.71 0.32 0.77 49.86 38.38 - LU0171289738 - -
D4 EUR Annual 46.63 0.36 0.78 54.77 41.84 - LU0827883959 - -
D2 Hgd EUR Accumulating 42.49 0.33 0.78 52.10 38.19 - LU0827884254 - -
A2 Hgd HKD Accumulating 7.58 0.06 0.80 9.25 6.80 - LU0788109048 - -
D2 Hgd CHF Accumulating 5.31 0.04 0.76 6.53 4.78 - LU0827884171 - -
D2 USD Accumulating 63.79 0.51 0.81 77.46 57.23 - LU0252970081 - -
A2 Hgd PLN Accumulating 6.97 0.05 0.72 8.56 6.26 - LU0480534832 - -
I2 EUR - 8.56 0.07 0.82 9.83 7.68 - LU0368234455 - -
A2 EUR Accumulating 50.18 0.39 0.78 57.98 45.07 - LU0171289498 - -
A4 GBP Annual 38.13 0.28 0.74 46.11 35.10 - LU0204063647 - -
X4 GBP Annual 37.81 0.28 0.75 46.08 34.70 - LU0462858670 - -
A2 Hgd CHF Accumulating 4.96 0.03 0.61 6.13 4.47 - LU0521028802 - -
C2 USD Accumulating 42.18 0.33 0.79 51.81 37.95 - LU0147409378 - -

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma
Gabriela Benjamin
Gabriela Benjamin

Literature

Literature