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

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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 30-Sep-21

0.51 -5.19 6.53 1.99 -1.65
Benchmark (%)

as of 30-Sep-21

2.17 -1.01 10.80 5.63 0.69
  1y 3y 5y 10y Incept.
-6.92 1.63 0.36 - 1.39
Benchmark (%)

as of 30-Nov-21

-1.59 5.47 3.94 - 3.99
  YTD 1m 3m 1y 3y 5y 10y Incept.
-7.97 -0.52 -6.52 -6.92 4.97 1.82 - 13.34
Benchmark (%)

as of 30-Nov-21

-2.21 0.24 -2.73 -1.59 17.33 21.32 - 42.76

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 07-Dec-21 USD 4,772.898
12m Trailing Yield as of 30-Nov-21 3.20
Number of Holdings as of 30-Nov-21 457
Base Currency U.S. Dollar
Fund Launch Date 02-Feb-96
Inception Date 24-Oct-12
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 Charges Figures 1.21%
ISIN LU0841166456
Bloomberg Ticker BATA3EH
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B8KMQ25
Bloomberg Benchmark Ticker JACI_INX
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5,000.00
Minimum Subsequent Investment EUR 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Weighted Average YTM as of 30-Nov-21 6.47%
Modified Duration as of 30-Nov-21 5.57
Effective Duration as of 30-Nov-21 5.40
Weighted Avg Maturity as of 30-Nov-21 7.49
WAL to Worst as of 30-Nov-21 7.49

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 07-Dec-21 BB
MSCI ESG Quality Score (0-10) as of 07-Dec-21 4.09
MSCI ESG Quality Score - Peer Percentile as of 07-Dec-21 61.90
MSCI ESG % Coverage as of 07-Dec-21 83.77
Fund Lipper Global Classification as of 07-Dec-21 Bond Asia Pacific HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Dec-21 358.92
Funds in Peer Group as of 07-Dec-21 126
All data is from MSCI ESG Fund Ratings as of 07-Dec-21, based on holdings as of 30-Jun-21. 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 30-Nov-21 0.00%
MSCI - UN Global Compact Violators as of 30-Nov-21 0.00%
MSCI - Nuclear Weapons as of 30-Nov-21 0.00%
MSCI - Thermal Coal as of 30-Nov-21 0.00%
MSCI - Civilian Firearms as of 30-Nov-21 0.00%
MSCI - Oil Sands as of 30-Nov-21 0.00%
MSCI - Tobacco as of 30-Nov-21 0.00%

Business Involvement Coverage as of 30-Nov-21 59.41%
Percentage of Fund not covered as of 30-Nov-21 41.26%
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 1.71% 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.

Risk Indicator

Risk Indicator

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

Ratings

Ratings

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 22-Dec-16)

Holdings

Holdings

as of 30-Nov-21
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.72 04/12/2051 1.76
INDONESIA (REPUBLIC OF) 7.5 06/15/2035 0.99
LENOVO GROUP LTD RegS 3.421 11/02/2030 0.86
INDONESIA (REPUBLIC OF) 7.125 06/15/2042 0.81
BANGKOK BANK PUBLIC CO LTD (HONG K RegS 3.466 09/23/2036 0.71
Name Weight (%)
BANK OF COMMUNICATIONS CO LTD (HON RegS 2.304 07/08/2031 0.71
DUA CAPITAL LTD RegS 2.78 05/11/2031 0.70
SK BATTERY AMERICA INC RegS 2.125 01/26/2026 0.70
LLPL CAPITAL PTE. LTD. RegS 6.875 02/04/2039 0.67
PERTAMINA PERSERO PT MTN RegS 3.1 01/21/2030 0.64
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% of Market Value

Type Fund Benchmark Net
as of 30-Nov-21

% 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 A3 Hedged EUR Monthly 8.30 0.02 0.24 9.34 8.23 - LU0841166456 - -
Class A8 Hedged CNH Monthly 90.86 0.22 0.24 102.41 90.07 - LU1257007309 - -
Class A6 Hedged SGD Monthly 8.40 0.02 0.24 9.55 8.33 - LU1149717156 - -
Class X2 Hedged EUR None 10.54 0.02 0.19 11.41 10.41 - LU1559745671 - -
Class C1 USD Daily 12.12 0.03 0.25 13.51 12.00 - LU0147399041 - -
Class D4 Hedged GBP Annual 9.00 0.02 0.22 10.11 8.88 - LU1250979793 - -
Class A8 Hedged CAD Monthly 9.69 0.02 0.21 11.01 9.61 - LU1200839881 - -
Class A2 Hedged SGD None 13.92 0.04 0.29 15.12 13.74 - LU0540000063 - -
Class I4 Hedged GBP Annual 9.01 0.02 0.22 10.12 8.89 - LU1250978043 - -
Class A6 Hedged EUR Monthly 8.50 0.02 0.24 9.74 8.44 - LU1200839535 - -
Class A2 Hedged EUR None 10.41 0.03 0.29 11.39 10.28 - LU1250980452 - -
Class X3 USD Monthly 9.96 0.02 0.20 11.10 9.87 - LU0984171172 - -
Class D2 USD None 14.52 0.03 0.21 15.69 14.34 - LU0776122383 - -
Class A3 Hedged NZD Monthly 10.57 0.02 0.19 11.80 10.47 - LU0803752632 - -
Class A3 Hedged AUD Monthly 10.02 0.03 0.30 11.20 9.93 - LU0841155764 - -
Class A2 Hedged HKD None 92.55 0.21 0.23 100.00 91.41 - LU2290525943 - -
Class I2 Hedged EUR None 10.88 0.02 0.18 11.83 10.74 - LU1250973911 - -
Class C2 USD None 32.88 0.07 0.21 36.11 32.50 - LU0147399470 - -
Class A6 Hedged GBP Monthly 6.38 0.01 0.16 7.27 6.33 - LU1200839618 - -
Class A2 USD None 43.21 0.10 0.23 46.90 42.67 - LU0063729296 - -
Class A8 Hedged NZD Monthly 10.53 0.02 0.19 11.96 10.45 - LU1200839709 - -
Class I2 Hedged SGD None 10.64 0.03 0.28 11.49 10.50 - LU1728037687 - -
Class D2 Hedged SGD None 13.56 0.03 0.22 14.66 13.39 - LU0969580215 - -
Class A8 Hedged AUD Monthly 10.04 0.02 0.20 11.41 9.96 - LU0871639620 - -
Class A3 Hedged SGD Monthly 9.29 0.03 0.32 10.36 9.20 - LU0830182670 - -
Class E2 EUR None 34.89 0.21 0.61 35.86 33.41 - LU0277197249 - -
Class A3 Hedged HKD Monthly 10.29 0.03 0.29 11.49 10.19 - LU0496654236 - -
Class A3 USD Monthly 11.97 0.03 0.25 13.35 11.86 - LU0172393414 - -
Class A1 USD Daily 11.95 0.03 0.25 13.33 11.83 - LU0063728728 - -
Class I2 Hedged CHF - 10.49 0.03 0.29 11.43 10.35 - LU2127175250 - -
Class E2 USD None 39.24 0.09 0.23 42.79 38.76 - LU0147399801 - -
Class I5 EUR Hedged EUR Quarterly 8.40 0.02 0.24 9.41 8.29 - LU1196525700 - -
Class A6 Hedged HKD Monthly 77.06 0.17 0.22 87.73 76.43 - LU0784395997 - -
Class I3 USD Monthly 10.38 0.02 0.19 11.58 10.28 - LU1456638573 - -
Class D3 Hedged SGD Monthly 9.13 0.02 0.22 10.18 9.04 - LU2250419038 - -
Class I2 USD None 12.90 0.03 0.23 13.92 12.73 - LU1111085012 - -
Class D2 Hedged EUR None 12.21 0.03 0.25 13.30 12.06 - LU0969580132 - -
Class SR2 Hedged EUR - 9.36 0.02 0.21 10.07 9.25 - LU2319960527 - -
Class SR2 USD - 9.43 0.02 0.21 10.10 9.31 - LU2319960873 - -
Class SR3 USD Monthly 9.21 0.02 0.22 10.04 9.13 - LU2319960956 - -
Class E2 Hedged EUR None 10.79 0.02 0.19 11.87 10.67 - LU1062842700 - -
Class SR4 Hedged GBP Annual 9.27 0.02 0.22 10.09 9.15 - LU2319960790 - -
Class D3 USD Monthly 11.98 0.03 0.25 13.35 11.87 - LU0827875344 - -
Class D6 USD Monthly 10.89 0.03 0.28 12.31 10.79 - LU0827875427 - -
Class D3 Hedged HKD Monthly 10.30 0.03 0.29 11.50 10.20 - LU0827875690 - -
Class A8 Hedged ZAR Monthly 95.86 0.24 0.25 107.85 95.03 - LU1023054775 - -
Class A6 USD Monthly 10.32 0.03 0.29 11.72 10.23 - LU0764618053 - -

Portfolio Managers

Portfolio Managers

Neeraj Seth
Neeraj Seth
Artur Piasecki
Artur Piasecki
Ronie Ganguly
Ronie Ganguly
Venn Saltirov
Venn Saltirov

Literature

Literature