Fixed Income

BGF Asian Tiger Bond 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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Distributions

Record Date Ex-Date Payable Date
View full table
  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
From
30-Sep-2020
To
30-Sep-2021
Total Return (%)

as of Sep 30, 2021

1.94 -3.81 8.41 2.94 -0.44
Benchmark (%)

as of Sep 30, 2021

2.17 -1.01 10.80 5.63 0.69
  1Y 3Y 5Y 10y Incept.
-3.52 3.11 1.25 - 2.15
Benchmark (%)

as of Oct 31, 2021

-0.57 5.55 3.46 - 4.11
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-6.50 -3.10 -4.21 -3.52 9.63 6.39 - 14.45
Benchmark (%)

as of Oct 31, 2021

-2.44 -1.35 -1.91 -0.57 17.58 18.52 - 29.17
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 Dec 1, 2021 USD 4,767.105
12m Trailing Yield as of Nov 30, 2021 3.96
Number of Holdings as of Oct 29, 2021 453
Base Currency U.S. Dollar
Fund Inception Date Feb 2, 1996
Share Class Inception Date Jun 24, 2015
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan Asia Credit Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.72%
ISIN LU1250979793
Bloomberg Ticker BGTD4RF
Annual Management Fee 0.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BY7S2W0
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment GBP 100000
Minimum Subsequent Investment GBP 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Oct 29, 2021 5.94%
3y Volatility - Benchmark as of Oct 31, 2021 5.00
3y Beta as of Oct 31, 2021 1.367
5y Volatility - Benchmark as of Oct 31, 2021 4.24
5y Beta as of Oct 31, 2021 1.340

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 Nov 5, 2021 BB
MSCI ESG Quality Score (0-10) as of Nov 5, 2021 3.81
MSCI ESG Quality Score - Peer Percentile as of Nov 5, 2021 51.22
MSCI ESG % Coverage as of Nov 5, 2021 83.24
Fund Lipper Global Classification as of Nov 5, 2021 Bond Asia Pacific HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 5, 2021 389.92
Funds in Peer Group as of Nov 5, 2021 123
All data is from MSCI ESG Fund Ratings as of Nov 5, 2021, based on holdings as of May 31, 2021. 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 Oct 29, 2021 0.00%
MSCI - UN Global Compact Violators as of Oct 29, 2021 0.00%
MSCI - Nuclear Weapons as of Oct 29, 2021 0.00%
MSCI - Thermal Coal as of Oct 29, 2021 0.00%
MSCI - Civilian Firearms as of Oct 29, 2021 0.00%
MSCI - Oil Sands as of Oct 29, 2021 0.00%
MSCI - Tobacco as of Oct 29, 2021 0.00%

Business Involvement Coverage as of Oct 29, 2021 59.05%
Percentage of Fund not covered as of Oct 29, 2021 40.70%
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 1.97% and for Oil Sands 1.46%.

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 environmental, social and governance considerations across all steps of the investment process. In the initial idea generation and credit research process this includes an assessment of each company’s positive ESG attributes or material risks and the use of internal sovereign or corporate ESG due diligence templates alongside third-party ESG data. Positive ESG attributes and material ESG risks and their potential financial impact are highlighted in credit research reports and may influence investment decisions and security selection by portfolio managers. From a top-down perspective, the Fund manager also reviews ESG aggregate portfolio metrics through BlackRock’s Aladdin system. The Fund manager also considers environmental, social and governance criteria during portfolio monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks.

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Oct 29, 2021
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.72 04/12/2051 2.17
PERUSAHAAN PENERBIT SURAT BERHARGA MTN RegS 4.15 03/29/2027 0.86
LENOVO GROUP LTD RegS 3.421 11/02/2030 0.85
BANGKOK BANK PUBLIC CO LTD (HONG K RegS 3.466 09/23/2036 0.69
BANK OF COMMUNICATIONS CO LTD (HON RegS 2.304 07/08/2031 0.69
Name Weight (%)
DUA CAPITAL LTD RegS 2.78 05/11/2031 0.68
SK BATTERY AMERICA INC RegS 2.125 01/26/2026 0.67
LLPL CAPITAL PTE. LTD. RegS 6.875 02/04/2039 0.65
PERTAMINA PERSERO PT MTN RegS 3.1 01/21/2030 0.62
RURAL ELECTRIFICATION CORP LTD MTN RegS 3.875 07/07/2027 0.61
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% of Market Value

Type Fund Benchmark Net
as of Oct 29, 2021

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D4 Hgd GBP Annual 8.98 -0.05 -0.55 10.11 8.88 - LU1250979793 - -
C1 USD Daily 12.10 -0.06 -0.49 13.51 12.00 - LU0147399041 - -
A6 Hgd EUR Monthly 8.49 -0.04 -0.47 9.74 8.44 - LU1200839535 - -
X2 Hgd EUR Accumulating 10.52 -0.06 -0.57 11.41 10.41 - LU1559745671 - -
I2 Hgd EUR Accumulating 10.86 -0.06 -0.55 11.83 10.74 - LU1250973911 - -
A2 USD Accumulating 43.12 -0.22 -0.51 46.90 42.67 - LU0063729296 - -
I4 Hgd GBP Annual 8.99 -0.05 -0.55 10.12 8.89 - LU1250978043 - -
A3 Hgd NZD Monthly 10.55 -0.06 -0.57 11.80 10.47 - LU0803752632 - -
A8 Hgd NZD Monthly 10.51 -0.06 -0.57 11.96 10.45 - LU1200839709 - -
A2 Hgd EUR Accumulating 10.39 -0.05 -0.48 11.39 10.28 - LU1250980452 - -
A1 USD Daily 11.93 -0.06 -0.50 13.33 11.83 - LU0063728728 - -
D2 USD Accumulating 14.49 -0.08 -0.55 15.69 14.34 - LU0776122383 - -
A3 Hgd SGD Monthly 9.27 -0.04 -0.43 10.36 9.20 - LU0830182670 - -
D2 Hgd SGD Accumulating 13.53 -0.07 -0.51 14.66 13.39 - LU0969580215 - -
E2 EUR Accumulating 34.50 -0.09 -0.26 35.86 33.41 - LU0277197249 - -
A8 Hgd CNH Monthly 90.63 -0.45 -0.49 102.41 90.07 - LU1257007309 - -
D2 Hgd EUR Accumulating 12.19 -0.06 -0.49 13.30 12.06 - LU0969580132 - -
A3 Hgd HKD Monthly 10.26 -0.06 -0.58 11.49 10.19 - LU0496654236 - -
Class I5 EUR Hedged EUR Quarterly 8.38 -0.04 -0.48 9.41 8.29 - LU1196525700 - -
I3 USD Monthly 10.36 -0.05 -0.48 11.58 10.28 - LU1456638573 - -
E2 Hgd EUR Accumulating 10.78 -0.05 -0.46 11.87 10.67 - LU1062842700 - -
A6 Hgd SGD Monthly 8.38 -0.04 -0.48 9.55 8.33 - LU1149717156 - -
D3 Hgd HKD Monthly 10.27 -0.06 -0.58 11.50 10.20 - LU0827875690 - -
D3 USD Monthly 11.95 -0.06 -0.50 13.35 11.87 - LU0827875344 - -
A6 USD Monthly 10.29 -0.06 -0.58 11.72 10.23 - LU0764618053 - -
A6 Hgd HKD Monthly 76.90 -0.40 -0.52 87.73 76.43 - LU0784395997 - -
I2 USD Accumulating 12.87 -0.07 -0.54 13.92 12.73 - LU1111085012 - -
A3 Hgd EUR Monthly 8.29 -0.04 -0.48 9.34 8.23 - LU0841166456 - -
A3 USD Monthly 11.94 -0.07 -0.58 13.35 11.86 - LU0172393414 - -
E2 USD Accumulating 39.16 -0.20 -0.51 42.79 38.76 - LU0147399801 - -
A8 Hgd ZAR Monthly 95.59 -0.47 -0.49 107.85 95.03 - LU1023054775 - -
A6 Hgd GBP Monthly 6.37 -0.03 -0.47 7.27 6.33 - LU1200839618 - -
I2 Hgd SGD Accumulating 10.62 -0.05 -0.47 11.49 10.50 - LU1728037687 - -
A8 Hgd AUD Monthly 10.02 -0.06 -0.60 11.41 9.96 - LU0871639620 - -
A3 Hgd AUD Monthly 10.00 -0.05 -0.50 11.20 9.93 - LU0841155764 - -
A8 Hgd CAD Monthly 9.67 -0.05 -0.51 11.01 9.61 - LU1200839881 - -
X3 USD Monthly 9.94 -0.05 -0.50 11.10 9.87 - LU0984171172 - -
C2 USD Accumulating 32.82 -0.17 -0.52 36.11 32.50 - LU0147399470 - -
D6 USD Monthly 10.86 -0.06 -0.55 12.31 10.79 - LU0827875427 - -
A2 Hgd SGD Accumulating 13.89 -0.07 -0.50 15.12 13.74 - LU0540000063 - -

Portfolio Managers

Portfolio Managers

Neeraj Seth
Managing Director

Neeraj seth

Artur Piasecki
Artur Piasecki
Ronie Ganguly
Ronie Ganguly
Venn Saltirov
Venn Saltirov

Literature

Literature