BGF Latin American Fund

Equity

BGF Latin American Fund

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in the shares of companies domiciled in, or the main business of which is in, Latin America.

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

  • Returns

  From
31-Dec-2013
To
31-Dec-2014		 From
31-Dec-2014
To
31-Dec-2015		 From
31-Dec-2015
To
31-Dec-2016		 From
31-Dec-2016
To
31-Dec-2017		 From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Dec-18

-8.73 -30.17 25.91 26.46 -2.84
Benchmark (%) Index: MSCI EM Latin America - Net Dividends<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Dec-18

-12.30 -31.04 31.04 23.74 -6.57

The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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

Chart

Performance chart data not available for display.
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Share Class and Benchmark performance displayed in USD. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Source: BlackRock. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.

Reinvestments

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution

Key Facts

Key Facts

Size of Fund (Millions) as of 18-Feb-19 USD 1,375.174
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. -
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of 31-Jan-19 48
Base Currency USD
Fund Launch Date 09-Jan-97
Inception Date 19-May-06
Asset Class Equity
Morningstar Category Latin America Equity
Benchmark Index MSCI EM Latin America - Net Dividends
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 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 100000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

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

4
Overall Morningstar Rating for BGF Latin American Fund, Class D2, as of 31-Jan-19 rated against 278 Latin America Equity Funds.

Holdings

Holdings

as of 31-Jan-19
Name Weight (%)
ITAU UNIBANCO HOLDING SA 9.86
PETROLEO BRASILEIRO SA 9.27
BANCO BRADESCO SA 9.23
VALE SA 6.67
AMERICA MOVIL SAB DE CV 4.47
Name Weight (%)
FOMENTO ECONOMICO MEXICANO SAB DE CV 3.83
B3 SA BRASIL BOLSA BALCAO 3.59
LOJAS RENNER SA 3.44
AMBEV SA 3.14
GRUPO FINANCIERO BANORTE SAB DE CV 3.07
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 82.04 0.39 0.48 85.16 63.74 - LU0252970081 - -
Class D2 Hedged EUR None 58.24 0.26 0.45 62.77 45.98 - LU0827884254 - -
Class A2 EUR None 66.10 0.01 0.02 67.19 50.19 - LU0171289498 - -
Class D2 Hedged CHF None 7.30 0.04 0.55 7.83 5.76 - LU0827884171 - -
Class X4 GBP Annual 53.98 -0.21 -0.39 55.15 41.58 - LU0462858670 - -
Class A2 USD None 74.83 0.35 0.47 78.26 58.34 - LU0072463663 - -
Class E2 GBP None 53.28 -0.21 -0.39 54.48 41.18 - LU0171289811 - -
Class A2 Hedged SGD None 7.17 0.03 0.42 7.61 5.63 - LU0572108347 - -
Class A2 Hedged HKD None 10.06 0.05 0.50 10.63 7.87 - LU0788109048 - -
Class A4 EUR Annual 62.82 0.00 0.00 63.86 47.70 - LU0408221785 - -
Class X2 USD None 90.14 0.44 0.49 92.52 69.64 - LU0462856542 - -
Class D2 Hedged GBP None 48.32 0.22 0.46 51.36 37.95 - LU0827884411 - -
Class C2 USD None 57.52 0.27 0.47 60.88 45.09 - LU0147409378 - -
Class D4 EUR Annual 62.94 0.01 0.02 63.97 47.63 - LU0827883959 - -
Class A2 Hedged CHF None 6.97 0.03 0.43 7.53 5.52 - LU0521028802 - -
Class A2 GBP None 57.88 -0.22 -0.38 59.17 44.58 - LU0171289738 - -
Class D4 GBP Annual 54.25 -0.21 -0.39 55.45 42.03 - LU0827884098 - -
Class A2 Hedged PLN None 9.66 0.05 0.52 10.34 7.58 - LU0480534832 - -
Class D2 GBP None 63.45 -0.25 -0.39 64.85 48.63 - LU0827883876 - -
Class A4 GBP Annual 54.14 -0.22 -0.40 55.35 41.89 - LU0204063647 - -
Class D2 Hedged PLN None 10.14 0.05 0.50 10.77 7.93 - LU0827884338 - -
Class E2 USD None 68.89 0.32 0.47 72.39 53.83 - LU0147409709 - -
Class I2 USD - 12.39 0.06 0.49 12.72 9.61 - LU1847653067 - -
Class D2 EUR None 72.46 0.01 0.01 73.64 54.84 - LU0252965164 - -
Class E2 EUR None 60.84 -0.01 -0.02 61.87 46.31 - LU0171289571 - -
Class A2 Hedged AUD None 11.46 0.05 0.44 12.10 8.96 - LU1023057877 - -
Class J2 USD None 96.53 0.47 0.49 99.08 74.57 - LU0245446215 - -
Class C2 EUR None 50.80 0.00 0.00 51.67 38.79 - LU0331286228 - -
Class D2 Hedged SGD None 7.52 0.03 0.40 7.92 5.88 - LU0827884502 - -

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma

Literature

Literature