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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

Reinvestments

Record Date Ex-Date Payable Date
View full table
  From
30.Sep.2015
To
30.Sep.2016
From
30.Sep.2016
To
30.Sep.2017
From
30.Sep.2017
To
30.Sep.2018
From
30.Sep.2018
To
30.Sep.2019
From
30.Sep.2019
To
30.Sep.2020
Total Return (%)

as of 30-Sep-2020

25.15 24.41 -8.65 9.01 -30.42
Benchmark (%)

as of 30-Sep-2020

28.65 25.59 -9.09 6.70 -29.36
  1y 3y 5y 10y Incept.
-34.78 -10.93 0.29 -6.51 0.30
Benchmark (%)

as of 31-Oct-2020

-33.14 -11.09 0.62 -6.14 1.12
  YTD 1m 3m 1y 3y 5y 10y Incept.
-39.68 -1.77 -14.42 -34.78 -29.34 1.44 -49.01 4.39
Benchmark (%)

as of 31-Oct-2020

-36.79 -1.13 -12.03 -33.14 -29.72 3.16 -46.95 17.49
  2015 2016 2017 2018 2019
Total Return (%) -30.17 25.91 26.46 -2.84 17.76
Annual w/ Sales Charge (%) -33.66 19.61 20.14 -7.70 11.87
Benchmark (%) -31.04 31.04 23.74 -6.57 17.46
Morningstar Category Avg. (%) -29.98 23.62 24.67 -8.52 19.81

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, 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

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Nov-2020 USD 814.53
12m Trailing Yield -
Number of Holdings as of 30-Oct-2020 50
Base Currency USD
Fund Launch Date 08-Jan-1997
Share Class launch date 19-May-2006
Asset Class Equity
Morningstar Category Latin America Equity
Benchmark Index MSCI Emerging Markets Latin America Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.34%
ISIN LU0252970081
Bloomberg Ticker MERLADU
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B65Z2Z0
Bloomberg Benchmark Ticker NDUEEGFL
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of 01-Nov-2020 BB
MSCI ESG Quality Score (0-10) as of 01-Nov-2020 3.57
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-2020 21.90
MSCI ESG % Coverage as of 01-Nov-2020 94.81
Fund Lipper Global Classification as of 01-Nov-2020 Equity Emerging Mkts Latin Am
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Nov-2020 173.28
Funds in Peer Group as of 01-Nov-2020 137
All data is from MSCI ESG Fund Ratings as of 01-Nov-2020, based on holdings as of 30-Apr-2020. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 30-Oct-2020 0.00%
MSCI - UN Global Compact Violators as of 30-Oct-2020 18.00%
MSCI - Nuclear Weapons as of 30-Oct-2020 0.00%
MSCI - Thermal Coal as of 30-Oct-2020 0.00%
MSCI - Civilian Firearms as of 30-Oct-2020 0.00%
MSCI - Oil Sands as of 30-Oct-2020 0.00%
MSCI - Tobacco as of 30-Oct-2020 0.00%

Business Involvement Coverage as of 30-Oct-2020 98.06%
Percentage of Fund not covered as of 30-Oct-2020 1.94%
Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 11.07% and for Oil Sands 0.00%.

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF Latin American Fund, Class D2, as of 31-Oct-2020 rated against 240 Latin America Equity Funds.

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma

Holdings

Holdings

as of 30-Oct-2020
Name Weight (%)
VALE SA 7.68
BANCO BRADESCO SA 6.74
PETROLEO BRASILEIRO SA PETROBRAS 6.65
B3 SA BRASIL BOLSA BALCAO 5.43
AMERICA MOVIL SAB DE CV 5.09
Name Weight (%)
GRUPO FINANCIERO BANORTE SAB DE CV 4.59
WAL MART DE MEXICO SAB DE CV 3.88
GRUPO MEXICO SAB DE CV 3.38
SUZANO SA 3.25
CEMEX SAB DE CV 2.98
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
Class D2 USD None 63.94 1.15 1.83 87.71 41.31 - LU0252970081 - -
Class D2 Hedged CHF None 5.43 0.10 1.88 7.57 3.54 - LU0827884171 - -
Class E2 GBP None 39.41 0.79 2.05 55.73 29.38 - LU0171289811 - -
Class D2 Hedged GBP None 36.42 0.65 1.82 50.88 23.61 - LU0827884411 - -
Class E2 USD None 52.51 0.94 1.82 72.85 34.21 - LU0147409709 - -
Class A2 Hedged PLN None 7.14 0.13 1.85 10.15 4.69 - LU0480534832 - -
Class A2 EUR None 48.51 0.87 1.83 71.23 34.60 - LU0171289498 - -
Class D2 GBP None 47.98 0.96 2.04 67.10 35.49 - LU0827883876 - -
Class A2 GBP None 43.19 0.86 2.03 60.80 32.09 - LU0171289738 - -
Class D4 GBP Annual 39.88 0.79 2.02 56.62 29.94 - LU0827884098 - -
Class D2 Hedged EUR None 43.30 0.77 1.81 60.65 28.32 - LU0827884254 - -
Class A2 USD None 57.55 1.03 1.82 79.48 37.37 - LU0072463663 - -
Class A4 EUR Annual 45.58 0.82 1.83 67.34 32.71 - LU0408221785 - -
Class D2 Hedged PLN None 7.60 0.14 1.88 10.72 4.97 - LU0827884338 - -
Class E2 EUR None 44.26 0.79 1.82 65.28 31.67 - LU0171289571 - -
Class A2 Hedged CHF None 5.12 0.09 1.79 7.19 3.35 - LU0521028802 - -
Class I2 EUR - 8.18 0.15 1.87 11.90 5.79 - LU0368234455 - -
Class A2 Hedged HKD None 7.68 0.14 1.86 10.63 4.98 - LU0788109048 - -
Class A2 Hedged SGD None 5.36 0.10 1.90 7.57 3.50 - LU0572108347 - -
Class D4 EUR Annual 45.63 0.82 1.83 67.39 32.81 - LU0827883959 - -
Class A4 GBP Annual 39.94 0.79 2.02 56.58 29.87 - LU0204063647 - -
Class I2 USD - 9.70 0.17 1.78 13.28 6.26 - LU1847653067 - -
Class D2 EUR None 53.89 0.97 1.83 78.61 38.24 - LU0252965164 - -
Class D2 Hedged SGD None 5.69 0.10 1.79 7.99 3.70 - LU0827884502 - -
Class A2 Hedged AUD None 8.33 0.15 1.83 12.01 5.49 - LU1023057877 - -

Literature

Literature