Equity

BGF Latin American Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
31-Dec-2015
To
31-Dec-2016
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
Total Return (%)

as of Dec 31, 2020

49.42 14.95 1.83 13.19 -20.54
Benchmark (%)

as of Dec 31, 2020

56.31 13.03 -0.77 12.93 -16.46
  1Y 3Y 5Y 10y Incept.
-20.54 -2.89 9.48 -3.20 7.66
Benchmark (%)

as of Dec 31, 2020

-16.46 -2.17 10.59 -2.12 8.55
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-20.54 7.81 26.59 -20.54 -8.41 57.31 -27.73 224.73
Benchmark (%)

as of Dec 31, 2020

-16.46 9.29 27.51 -16.46 -6.38 65.41 -19.32 269.83
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 22, 2021 USD 889.337
12m Trailing Yield as of Dec 31, 2020 0.51
Number of Holdings as of Dec 31, 2020 45
Base Currency U.S. Dollar
Fund Inception Date Jan 8, 1997
Share Class Inception Date Jan 18, 2005
Asset Class Equity
Morningstar Category Latin America Equity
Benchmark Index MSCI EM Latin America Net in GBP Performance Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 2.10%
ISIN LU0204063647
Bloomberg Ticker MLAMADS
Annual Management Fee 1.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B05M2N7
Bloomberg Benchmark Ticker MSLANTGBP
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 5000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Dec 31, 2020 29.43
3y Beta as of Dec 31, 2020 1.059
5y Volatility - Benchmark as of Dec 31, 2020 28.68
5y Beta as of Dec 31, 2020 0.993

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 Jan 7, 2021 BB
MSCI ESG Quality Score (0-10) as of Jan 7, 2021 3.41
MSCI ESG Quality Score - Peer Percentile as of Jan 7, 2021 22.86
MSCI ESG % Coverage as of Jan 7, 2021 93.87
Fund Lipper Global Classification as of Jan 7, 2021 Equity Emerging Mkts Latin Am
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 7, 2021 212.86
Funds in Peer Group as of Jan 7, 2021 140
All data is from MSCI ESG Fund Ratings as of Jan 7, 2021, based on holdings as of Jul 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 Dec 31, 2020 0.00%
MSCI - UN Global Compact Violators as of Dec 31, 2020 22.52%
MSCI - Nuclear Weapons as of Dec 31, 2020 0.00%
MSCI - Thermal Coal as of Dec 31, 2020 0.00%
MSCI - Civilian Firearms as of Dec 31, 2020 0.00%
MSCI - Oil Sands as of Dec 31, 2020 0.00%
MSCI - Tobacco as of Dec 31, 2020 0.00%

Business Involvement Coverage as of Dec 31, 2020 97.74%
Percentage of Fund not covered as of Dec 31, 2020 2.26%
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 12.96% 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
Overall Morningstar Rating for BGF Latin American Fund, Class A4, as of Dec 31, 2020 rated against 241 Latin America Equity Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Dec 31, 2020
Name Weight (%)
PETROLEO BRASILEIRO SA PETROBRAS 9.56
VALE SA 9.33
BANCO BRADESCO SA 8.02
B3 SA BRASIL BOLSA BALCAO 5.60
AMERICA MOVIL SAB DE CV 4.43
Name Weight (%)
WAL MART DE MEXICO SAB DE CV 3.86
SUZANO SA 3.66
GRUPO MEXICO SAB DE CV 3.63
ITAU UNIBANCO HOLDING SA 3.49
CEMEX SAB DE CV 2.95
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
A4 GBP Annual 42.08 -1.03 -2.39 55.77 29.87 - LU0204063647 - -
A2 USD Accumulating 62.15 -1.84 -2.88 78.51 37.37 - LU0072463663 - -
E2 USD Accumulating 56.66 -1.68 -2.88 71.93 34.21 - LU0147409709 - -
D2 Hgd PLN Accumulating 8.19 -0.25 -2.96 10.60 4.97 - LU0827884338 - -
X2 USD Accumulating 77.81 -2.30 -2.87 96.35 46.01 - LU0462856542 - -
D2 Hgd GBP Accumulating 39.28 -1.15 -2.84 50.24 23.61 - LU0827884411 - -
D4 GBP Annual 42.06 -1.04 -2.41 55.84 29.94 - LU0827884098 - -
D4 EUR Annual 48.07 -1.52 -3.07 67.37 32.81 - LU0827883959 - -
A2 GBP Accumulating 45.50 -1.11 -2.38 59.94 32.09 - LU0171289738 - -
C2 USD Accumulating 46.63 -1.38 -2.87 59.64 28.33 - LU0147409378 - -
A2 Hgd CHF Accumulating 5.51 -0.17 -2.99 7.09 3.35 - LU0521028802 - -
A2 Hgd PLN Accumulating 7.69 -0.23 -2.90 10.03 4.69 - LU0480534832 - -
I2 EUR - 8.62 -0.27 -3.04 11.90 5.79 - LU0368234455 - -
A2 Hgd SGD Accumulating 5.78 -0.17 -2.86 7.47 3.50 - LU0572108347 - -
A4 EUR Annual 47.96 -1.52 -3.07 67.29 32.71 - LU0408221785 - -
D2 Hgd CHF Accumulating 5.86 -0.17 -2.82 7.47 3.54 - LU0827884171 - -
D2 GBP Accumulating 50.61 -1.24 -2.39 66.17 35.49 - LU0827883876 - -
D2 USD Accumulating 69.13 -2.05 -2.88 86.67 41.31 - LU0252970081 - -
X4 GBP Annual 41.69 -1.02 -2.39 55.49 29.83 - LU0462858670 - -
A2 EUR Accumulating 51.05 -1.61 -3.06 71.17 34.60 - LU0171289498 - -
D2 Hgd EUR Accumulating 46.66 -1.38 -2.87 59.86 28.32 - LU0827884254 - -
E2 EUR Accumulating 46.54 -1.48 -3.08 65.21 31.67 - LU0171289571 - -
E2 GBP Accumulating 41.48 -1.02 -2.40 54.92 29.38 - LU0171289811 - -
I2 USD - 10.50 -0.31 -2.87 13.12 6.26 - LU1847653067 - -
D2 Hgd SGD Accumulating - - - - - - - - -
A2 Hgd AUD Accumulating 8.98 -0.26 -2.81 11.86 5.49 - LU1023057877 - -
J2 USD Accumulating 83.33 -2.46 -2.87 103.18 49.27 - LU0245446215 - -
D2 Hgd SGD Accumulating 6.15 -0.18 -2.84 7.89 3.70 - LU0827884502 - -
A2 Hgd HKD Accumulating 8.29 -0.25 -2.93 10.50 4.98 - LU0788109048 - -
D2 EUR Accumulating 56.78 -1.80 -3.07 78.58 38.24 - LU0252965164 - -
C2 EUR Accumulating 38.30 -1.21 -3.06 54.07 26.23 - LU0331286228 - -

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma

Literature

Literature