Fixed Income

BGF Asian Tiger Bond 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

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Performance

Performance

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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

9.73 -2.99 -1.38 16.22 -3.15
Benchmark (%)

as of 30-Sep-2020

9.80 -2.88 0.76 18.05 -1.79
  1y 3y 5y 10y Incept.
-1.42 2.92 2.66 5.74 5.63
Benchmark (%)

as of 31-Oct-2020

0.55 4.85 4.04 7.03 7.06
  YTD 1m 3m 1y 3y 5y 10y Incept.
-1.28 0.03 0.97 -1.42 9.01 14.00 74.78 114.31
Benchmark (%)

as of 31-Oct-2020

0.54 0.57 1.34 0.55 15.27 21.90 97.18 158.34
  2015 2016 2017 2018 2019
Total Return (%) 13.43 7.49 -6.61 1.05 12.90
Benchmark (%) 14.51 8.98 -7.09 4.23 13.39

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 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

Size of Fund (Millions) as of 27-Nov-2020 USD 5,049.21
12m Trailing Yield -
Number of Holdings as of 30-Oct-2020 428
Base Currency USD
Fund Launch Date 02-Feb-1996
Share Class launch date 01-Dec-2006
Asset Class Fixed Income
Morningstar Category Asia Bond
Benchmark Index J.P. Morgan Asia Credit Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.71%
ISIN LU0277197249
Bloomberg Ticker MERAEE2
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL B41FFJ5
Bloomberg Benchmark Ticker JACIINXEUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Oct-2020 4.71%
Modified Duration as of 30-Oct-2020 5.43
Effective Duration as of 30-Oct-2020 5.39 Jahre
Weighted Avg Maturity as of 30-Oct-2020 6.57 Jahre
WAL to Worst as of 30-Oct-2020 6.57 Jahre

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 3.14
MSCI ESG Quality Score - Peer Percentile as of 01-Nov-2020 48.96
MSCI ESG % Coverage as of 01-Nov-2020 74.24
Fund Lipper Global Classification as of 01-Nov-2020 Bond Asia Pacific HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 01-Nov-2020 410.88
Funds in Peer Group as of 01-Nov-2020 96
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 0.00%
MSCI - Nuclear Weapons as of 30-Oct-2020 0.00%
MSCI - Thermal Coal as of 30-Oct-2020 0.19%
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 58.68%
Percentage of Fund not covered as of 30-Oct-2020 41.32%
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 1.11% and for Oil Sands 1.99%.

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 Asian Tiger Bond Fund, Class E2, as of 31-Mar-2012 rated against 128 Asia Bond Funds.

Portfolio Managers

Portfolio Managers

Neeraj Seth
Neeraj Seth
Artur Piasecki
Artur Piasecki
Ronie Ganguly
Ronie Ganguly

Holdings

Holdings

as of 30-Oct-2020
Name Weight (%)
INDONESIA (REPUBLIC OF) 6.5 06/15/2025 1.87
CHINA DEVELOPMENT BANK 2.89 06/22/2025 1.24
TENCENT HOLDINGS LTD MTN RegS 3.975 04/11/2029 0.89
INDIA (REPUBLIC OF) 6.45 10/07/2029 0.77
INDIA (REPUBLIC OF) 5.79 05/11/2030 0.74
Name Weight (%)
STAR ENERGY GEOTHERMAL DARAJAT II RegS 4.85 10/14/2038 0.72
LLPL CAPITAL PTE. LTD. RegS 6.875 02/04/2039 0.72
PERUSAHAAN PENERBIT SURAT BERHARGA MTN RegS 4.15 03/29/2027 0.68
GALAXY PIPELINE ASSETS BID CO LTD RegS 2.625 03/31/2036 0.62
WYNN MACAU LTD RegS 5.5 01/15/2026 0.58
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% 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
Class E2 EUR None 35.18 -0.08 -0.23 37.93 33.34 - LU0277197249 - -
Class A2 Hedged SGD None 14.84 0.02 0.13 14.84 12.71 - LU0540000063 - -
Class I5 EUR Hedged EUR Quarterly 9.32 0.02 0.22 9.49 8.16 - LU1196525700 - -
Class A8 Hedged CAD Monthly 10.90 0.01 0.09 11.09 9.65 - LU1200839881 - -
Class A6 Hedged HKD Monthly 86.82 0.11 0.13 87.82 76.62 - LU0784395997 - -
Class A6 Hedged GBP Monthly 7.20 0.01 0.14 7.39 6.41 - LU1200839618 - -
Class A3 USD Monthly 13.17 0.01 0.08 13.22 11.51 - LU0172393414 - -
Class I3 USD Monthly 11.43 0.01 0.09 11.47 9.99 - LU1456638573 - -
Class I2 Hedged CHF - 11.23 0.01 0.09 11.23 9.64 - LU2127175250 - -
Class A6 Hedged EUR Monthly 9.66 0.02 0.21 9.93 8.62 - LU1200839535 - -
Class A8 Hedged CNH Monthly 101.34 0.13 0.13 101.72 88.74 - LU1257007309 - -
Class D3 Hedged HKD Monthly 11.36 0.02 0.18 11.40 9.92 - LU0827875690 - -
Class D4 Hedged GBP Annual 9.93 0.01 0.10 10.28 8.84 - LU1250979793 - -
Class D6 USD Monthly 12.17 0.01 0.08 12.25 10.71 - LU0827875427 - -
Class A6 Hedged SGD Monthly 9.45 0.01 0.11 9.63 8.37 - LU1149717156 - -
Class I2 USD None 13.65 0.01 0.07 13.65 11.61 - LU1111085012 - -
Class A3 Hedged NZD Monthly 11.65 0.01 0.09 11.77 10.21 - LU0803752632 - -
Class E2 Hedged EUR None 11.68 0.02 0.17 11.68 10.10 - LU1062842700 - -
Class A2 USD None 46.03 0.06 0.13 46.03 39.31 - LU0063729296 - -
Class A3 Hedged HKD Monthly 11.34 0.01 0.09 11.38 9.91 - LU0496654236 - -
Class D3 USD Monthly 13.18 0.01 0.08 13.23 11.53 - LU0827875344 - -
Class A8 Hedged AUD Monthly 11.29 0.01 0.09 11.49 9.97 - LU0871639620 - -
Class A3 Hedged AUD Monthly 11.07 0.02 0.18 11.19 9.71 - LU0841155764 - -
Class A2 Hedged EUR None 11.20 0.01 0.09 11.20 9.66 - LU1250980452 - -
Class A1 USD Daily 13.12 0.01 0.08 13.19 11.47 - LU0063728728 - -
Class A6 USD Monthly 11.59 0.01 0.09 11.72 10.24 - LU0764618053 - -
Class A8 Hedged NZD Monthly 11.83 0.01 0.08 12.04 10.45 - LU1200839709 - -
Class D3 SGD Monthly 10.04 0.02 0.20 10.04 9.99 - LU2250419038 - -
Class A3 Hedged SGD Monthly 10.23 0.01 0.10 10.30 8.97 - LU0830182670 - -
Class I2 Hedged EUR None 11.63 0.02 0.17 11.63 9.98 - LU1250973911 - -
Class I2 Hedged SGD None 11.27 0.01 0.09 11.27 9.61 - LU1728037687 - -
Class I4 Hedged GBP Annual 9.94 0.02 0.20 10.30 8.85 - LU1250978043 - -
Class A8 Hedged ZAR Monthly 106.72 0.11 0.10 108.16 94.03 - LU1023054775 - -
Class D2 Hedged SGD None 14.39 0.02 0.14 14.39 12.28 - LU0969580215 - -
Class A3 Hedged EUR Monthly 9.23 0.01 0.11 9.37 8.15 - LU0841166456 - -
Class D2 Hedged EUR None 13.07 0.01 0.08 13.07 11.23 - LU0969580132 - -
Class D2 USD None 15.39 0.01 0.07 15.39 13.10 - LU0776122383 - -
Class E2 USD None 42.02 0.05 0.12 42.02 36.01 - LU0147399801 - -

Literature

Literature