Fixed Income

BGF Asian High Yield 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.

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

Distributions

Record Date Ex-Date Payable Date
View full table
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

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 AUD, 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 02-Mar-2021 USD 525.93
12m Trailing Yield as of 28-Feb-2021 6.92
Number of Holdings as of 29-Jan-2021 180
Base Currency U.S. Dollar
Fund Launch Date 01-Dec-2017
Share Class launch date 11-Mar-2020
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index ICE BofAML Blended Index: ACCY, 20% LvI4 Cap 3% Constrained Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.14%
ISIN LU1564328737
Bloomberg Ticker BGHA8AH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BL4P7F1
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment AUD 5,000.00
Minimum Subsequent Investment AUD 1,000.00
Use of Income Distributing

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 05-Feb-2021 BB
MSCI ESG Quality Score (0-10) as of 05-Feb-2021 3.15
MSCI ESG Quality Score - Peer Percentile as of 05-Feb-2021 47.12
MSCI ESG % Coverage as of 05-Feb-2021 71.65
Fund Lipper Global Classification as of 05-Feb-2021 Bond Asia Pacific HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 05-Feb-2021 355.70
Funds in Peer Group as of 05-Feb-2021 104
All data is from MSCI ESG Fund Ratings as of 05-Feb-2021, based on holdings as of 30-Sep-2020. 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 29-Jan-2021 0.00%
MSCI - UN Global Compact Violators as of 29-Jan-2021 0.00%
MSCI - Nuclear Weapons as of 29-Jan-2021 0.00%
MSCI - Thermal Coal as of 29-Jan-2021 0.00%
MSCI - Civilian Firearms as of 29-Jan-2021 0.00%
MSCI - Oil Sands as of 29-Jan-2021 0.00%
MSCI - Tobacco as of 29-Jan-2021 0.00%

Business Involvement Coverage as of 29-Jan-2021 56.87%
Percentage of Fund not covered as of 29-Jan-2021 43.13%
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 2.10% and for Oil Sands 0.00%.

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.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Portfolio Managers

Portfolio Managers

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

Holdings

Holdings

as of 29-Jan-2021
Name Weight (%)
MONGOLIAN MINING CORP RegS 9.25 04/15/2024 1.85
VEDANTA RESOURCES FINANCE II PLC RegS 13.875 01/21/2024 1.77
RIZAL COMMERCIAL BANKING CORP RegS 6.5 12/31/2049 1.71
KAISA GROUP HOLDINGS LTD RegS 11.25 04/16/2025 1.42
KAISA GROUP HOLDINGS LTD RegS 9.375 06/30/2024 1.41
Name Weight (%)
TIMES CHINA HOLDINGS LTD RegS 6.2 03/22/2026 1.30
ANTON OILFIELD SERVICES GROUP RegS 7.5 12/02/2022 1.26
EASY TACTIC LTD RegS 8.125 02/27/2023 1.24
SHRIRAM TRANSPORT FINANCE COMPANY MTN RegS 5.7 02/27/2022 1.22
SCENERY JOURNEY LTD RegS 11.5 10/24/2022 1.18
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-2021

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-2021

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-Jan-2021

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-2021

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-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
Class A8 Hedged AUD Monthly 10.44 0.00 0.00 10.57 8.26 - LU1564328737 - -
Class E2 Hedged EUR - 11.00 0.01 0.09 11.05 8.18 - LU1728556959 - -
Class A8 Hedged CNH Monthly 106.67 0.08 0.08 108.11 84.09 - LU1919856309 - -
Class A2 Hedged HKD None 113.82 0.08 0.07 114.34 83.01 - LU2125116173 - -
Class D2 Hedged EUR - 10.40 0.01 0.10 10.45 9.97 - LU2250419111 - -
Class A2 USD None 12.19 0.01 0.08 12.25 8.90 - LU1564328067 - -
Class E5 Hedged EUR Quarterly 9.02 0.00 0.00 9.12 7.12 - LU1728557684 - -
Class A2 Hedged AUD None 11.23 0.01 0.09 11.28 8.26 - LU2125116256 - -
Class A6 USD Monthly 9.59 0.01 0.10 9.72 7.63 - LU1564328141 - -
Class A8 Hedged EUR Monthly 10.41 0.01 0.10 10.54 8.25 - LU2125116413 - -
Class E2 EUR - 12.29 0.01 0.08 12.34 10.06 - LU1728556793 - -
Class A2 Hedged EUR None 11.14 0.00 0.00 11.19 8.25 - LU2125116090 - -
Class A2 Hedged SGD None 12.46 0.01 0.08 12.52 9.13 - LU1564328810 - -
Class I6 USD Monthly 10.29 0.00 0.00 10.43 9.89 - LU2211195172 - -
Class A8 Hedged GBP Monthly 10.42 0.01 0.10 10.55 8.24 - LU2125116330 - -
Class D2 USD None 12.39 0.00 0.00 12.45 9.01 - LU1564328224 - -
Class A8 Hedged SGD Monthly 11.68 0.01 0.09 11.82 9.13 - LU2127175417 - -
Class D6 USD Monthly 10.03 0.01 0.10 10.16 10.00 - LU1564328497 - -
Class A2 Hedged GBP None 11.17 0.01 0.09 11.22 8.24 - LU2125115951 - -

Literature

Literature