Fixed Income

BGF Asian Tiger Bond Fund

Overview

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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

Performance

Performance

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Reinvestments

 
  1y 3y 5y 10y Incept.
- - - - -
- - - - -
  YTD 6m 1y 3y 5y 10y Incept.
- -0.29 - - - - -0.90
- -5.28 - - - - -5.86
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

Key Facts

Key Facts

Size of Fund (Millions) as of 17-Sep-2021 USD 5,347.142
Base Currency U.S. Dollar
Fund Inception 02-Feb-1996
Share Class Currency Hong Kong Dollar
Share Class Inception Date 24-Feb-2021
Additional Currencies Australian Dollar, British Pound, Canadian Dollar, Euro, New Zealand Dollar, RMB, Singapore Dollar, U.S. Dollar, ZAR
Asset Class Fixed Income
Morningstar Category -
Benchmark JP Morgan Asia Credit Index
Distribution Frequency N/A
ISIN LU2290525943
Bloomberg Ticker -
Management Fee (incl. Distribution Fee, if any) 1.00%
Initial Charge 5.00%

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 31-Aug-2021 5.10
Modified Duration as of 31-Aug-2021 5.64
Effective Duration as of 31-Aug-2021 5.53yrs
3y Volatility as of - -
5yr Volatility as of - -
Since Share Inception – Volatility as of 31-Aug-2021 3.98
Since Share Inception - Beta as of 31-Aug-2021 1.93

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-Sep-2021 BB
MSCI ESG Quality Score (0-10) as of 07-Sep-2021 3.61
MSCI ESG Quality Score - Peer Percentile as of 07-Sep-2021 52.34
MSCI ESG % Coverage as of 07-Sep-2021 83.13
Fund Lipper Global Classification as of 07-Sep-2021 Bond Asia Pacific HC
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Sep-2021 359.18
Funds in Peer Group as of 07-Sep-2021 128
All data is from MSCI ESG Fund Ratings as of 07-Sep-2021, based on holdings as of 31-Mar-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 31-Aug-2021 0.00%
MSCI - UN Global Compact Violators as of 31-Aug-2021 0.00%
MSCI - Nuclear Weapons as of 31-Aug-2021 0.00%
MSCI - Thermal Coal as of 31-Aug-2021 0.00%
MSCI - Civilian Firearms as of 31-Aug-2021 0.00%
MSCI - Oil Sands as of 31-Aug-2021 0.00%
MSCI - Tobacco as of 31-Aug-2021 0.00%

Business Involvement Coverage as of 31-Aug-2021 60.35%
Percentage of Fund not covered as of 31-Aug-2021 39.71%
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 1.90% and for Oil Sands 1.32%.

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.

Holdings

Holdings

as of 31-Aug-2021
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.72 04/12/2051 2.21
INDONESIA (REPUBLIC OF) 7 09/15/2030 1.18
LENOVO GROUP LTD RegS 3.421 11/02/2030 0.77
TENCENT HOLDINGS LTD MTN RegS 3.975 04/11/2029 0.76
PERIAMA HOLDINGS LLC RegS 5.95 04/19/2026 0.65
Name Weight (%)
JMH COMPANY LIMITED RegS 2.5 04/09/2031 0.63
BANK OF COMMUNICATIONS CO LTD (HON RegS 2.304 07/08/2031 0.63
DUA CAPITAL LTD RegS 2.78 05/11/2031 0.62
TSMC GLOBAL LTD RegS 2.25 04/23/2031 0.61
SK BATTERY AMERICA INC RegS 2.125 01/26/2026 0.61

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2021

% of Weight

Type Fund Benchmark Net
as of 31-Aug-2021

% of Weight

Type Fund Benchmark Net
as of 31-Aug-2021

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Ratings

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of ISIN
A2 Hedged HKD N/A 97.84 -0.32 -0.33 17-Sep-2021 LU2290525943
A2 USD N/A 45.65 -0.15 -0.33 17-Sep-2021 LU0063729296
A2 Hedged SGD N/A 14.71 -0.05 -0.34 17-Sep-2021 LU0540000063
A6 Hedged EUR Monthly 9.12 -0.03 -0.33 17-Sep-2021 LU1200839535
A3 Hedged NZD Monthly 11.25 -0.04 -0.35 17-Sep-2021 LU0803752632
A8 Hedged CAD Monthly 10.37 -0.03 -0.29 17-Sep-2021 LU1200839881
A2 Hedged EUR N/A 11.02 -0.04 -0.36 17-Sep-2021 LU1250980452
D4 Hedged GBP Annually 9.51 -0.03 -0.31 17-Sep-2021 LU1250979793
A6 Hedged GBP Monthly 6.84 -0.02 -0.29 17-Sep-2021 LU1200839618
A3 USD Monthly 12.73 -0.04 -0.31 17-Sep-2021 LU0172393414
A6 Hedged SGD Monthly 8.99 -0.03 -0.33 17-Sep-2021 LU1149717156
A8 Hedged CNH Monthly 97.06 -0.30 -0.31 17-Sep-2021 LU1257007309
A3 Hedged SGD Monthly 9.88 -0.03 -0.30 17-Sep-2021 LU0830182670
A1 USD Monthly (Daily Calculation) 12.70 -0.04 -0.31 17-Sep-2021 LU0063728728
D2 Hedged SGD N/A 14.32 -0.05 -0.35 17-Sep-2021 LU0969580215
D2 USD N/A 15.33 -0.05 -0.33 17-Sep-2021 LU0776122383
A8 Hedged AUD Monthly 10.75 -0.04 -0.37 17-Sep-2021 LU0871639620
A3 Hedged AUD Monthly 10.67 -0.03 -0.28 17-Sep-2021 LU0841155764
D3 Hedged SGD Monthly 9.71 -0.04 -0.41 17-Sep-2021 LU2250419038
A8 Hedged NZD Monthly 11.28 -0.04 -0.35 17-Sep-2021 LU1200839709
D2 Hedged EUR N/A 12.92 -0.04 -0.31 17-Sep-2021 LU0969580132
D3 USD Monthly 12.74 -0.04 -0.31 17-Sep-2021 LU0827875344
A3 Hedged HKD Monthly 10.94 -0.04 -0.36 17-Sep-2021 LU0496654236
A6 Hedged HKD Monthly 82.51 -0.27 -0.33 17-Sep-2021 LU0784395997
A8 Hedged ZAR Monthly 102.54 -0.34 -0.33 17-Sep-2021 LU1023054775
D6 USD Monthly 11.64 -0.04 -0.34 17-Sep-2021 LU0827875427
A6 USD Monthly 11.04 -0.04 -0.36 17-Sep-2021 LU0764618053
A3 Hedged EUR Monthly 8.85 -0.03 -0.34 17-Sep-2021 LU0841166456
D3 Hedged HKD Monthly 10.96 -0.03 -0.27 17-Sep-2021 LU0827875690

Portfolio Managers

Portfolio Managers

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

Documents

Documents