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.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

Chart

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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -8.8 -31.0 26.0 23.7 -6.5 14.2 -19.2 -16.0 4.4 33.6
Constraint Benchmark 1 (%) -12.3 -31.0 31.0 23.7 -6.6 17.5 -13.8 -8.1 9.0 34.0

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
-3.68 3.40 -4.54 -2.86 -2.91
Constraint Benchmark 1 (%) 2.27 7.50 0.26 0.18 -0.66
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-22.15 -4.56 -1.81 -12.95 -3.68 10.54 -20.74 -25.16 -30.02
Constraint Benchmark 1 (%) -17.31 -5.14 -2.72 -10.46 2.27 24.23 1.28 1.85 -7.70
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

-32.33 19.13 -6.40 23.07 -6.55
Constraint Benchmark 1 (%)

as of 30/Sept/2024

-29.36 27.34 0.42 20.30 2.63

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, 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

Net Assets of Fund
as of 07/Nov/2024
USD 615,151,790
Fund Launch Date
08/Jan/1997
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Emerging Markets Latin America 10/40 Index
Initial Charge
5.00%
Management Fee
1.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLAD2EH
Share Class launch date
04/Oct/2012
Share Class Currency
EUR
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
1.30%
ISIN
LU0827884254
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
Other Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
B8KMNZ7

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
35
3y Beta
as of 31/Oct/2024
0.975
P/B Ratio
as of 31/Oct/2024
1.44
Standard Deviation (3y)
as of 31/Oct/2024
24.80%
P/E Ratio
as of 31/Oct/2024
9.63

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
VALE SA 9.41
PETROLEO BRASILEIRO SA PETROBRAS 7.44
GRUPO FINANCIERO BANORTE SAB DE CV 6.63
WAL MART DE MEXICO SAB DE CV 5.73
BANCO BRADESCO SA 5.67
Name Weight (%)
B3 SA BRASIL BOLSA BALCAO 4.59
FOMENTO ECONOMICO MEXICANO SAB DE CV 4.53
HAPVIDA PARTICIPACOES E INVESTIMENTOS SA 4.12
XP INC 3.90
RUMO SA 3.74
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D2 Hedged EUR 45.19 2.28 5.31 07/Nov/2024 56.85 42.48 LU0827884254
Class A2 GBP 47.41 -1.82 -3.70 08/Nov/2024 62.51 46.92 LU0171289738
Class D2 GBP 56.33 2.27 4.20 07/Nov/2024 71.07 53.59 LU0827883876
Class D2 Hedged GBP 38.20 -1.63 -4.09 08/Nov/2024 49.36 37.24 LU0827884411
Class X4 GBP 38.71 1.56 4.20 07/Nov/2024 50.96 37.15 LU0462858670
Class D4 GBP 39.16 1.59 4.23 07/Nov/2024 51.40 37.57 LU0827884098
Class A2 Hedged CHF 5.01 0.26 5.47 07/Nov/2024 6.45 4.74 LU0521028802
Class D2 Hedged CHF 5.24 -0.23 -4.20 08/Nov/2024 7.00 5.17 LU0827884171
Class A2 Hedged HKD 8.25 0.41 5.23 07/Nov/2024 10.42 7.76 LU0788109048
Class D2 Hedged PLN 8.67 0.44 5.35 07/Nov/2024 10.74 8.10 LU0827884338
Class D2 EUR 67.71 2.83 4.36 07/Nov/2024 81.76 62.40 LU0252965164
Class A2 Hedged SGD 5.68 0.29 5.38 07/Nov/2024 7.21 5.36 LU0572108347
Class D2 USD 73.18 3.64 5.23 07/Nov/2024 90.78 68.48 LU0252970081
Class A4 GBP 39.22 1.58 4.20 07/Nov/2024 51.40 37.64 LU0204063647
Class I2 USD 11.23 0.56 5.25 07/Nov/2024 13.89 10.50 LU1847653067
Class A2 EUR 59.16 2.46 4.34 07/Nov/2024 71.91 54.63 LU0171289498
Class A2 USD 61.35 -2.60 -4.07 08/Nov/2024 79.85 59.95 LU0072463663
Class A4 EUR 46.20 -1.69 -3.53 08/Nov/2024 60.07 45.64 LU0408221785
Class I2 EUR 10.02 -0.37 -3.56 08/Nov/2024 12.51 9.57 LU0368234455
Class D4 EUR 47.83 1.99 4.34 07/Nov/2024 60.09 45.84 LU0827883959
Class A2 Hedged PLN 7.91 0.40 5.33 07/Nov/2024 9.87 7.41 LU0480534832
Class D2 Hedged SGD 6.22 0.31 5.25 07/Nov/2024 7.84 5.85 LU0827884502
Class A2 Hedged AUD 8.23 -0.35 -4.08 08/Nov/2024 10.86 8.04 LU1023057877

Portfolio Managers

Portfolio Managers

Samuel Vecht
Samuel Vecht
Christoph Brinkmann
Christoph Brinkmann

Literature

Literature