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.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. The fund invests in fixed interest securities issued by companies which, compared to bonds issued or guaranteed by governments, are exposed to greater risk of default in the repayment of the capital provided to the company or interest payments due to the fund. The fund investments may be subject to liquidity constraints, which means that shares may trade less frequently and in small volumes, for instance smaller companies. As a result, changes in the value of investments may be more unpredictable. In certain cases, it may not be possible to sell the security at the last market price quoted or at a value considered to be fairest. The fund invests in high yielding bonds. Companies who issue higher yield bonds typically have an increased risk of defaulting on repayments. In the event of default, the value of your investment may reduce. Economic conditions and interest rate levels may also impact significantly the values of high yield bonds. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund invests in fixed interest securities such as corporate or government bonds which pay a fixed or variable rate of interest (also known as the ‘coupon’) and behave similarly to a loan. These securities are therefore exposed to changes in interest rates which will affect the value of any securities held.

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

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

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This chart shows the fund's performance as the percentage loss or gain per year over the last 2 years.

  2019 2020 2021 2022 2023
Total Return (%) -16.7 4.5
Constraint Benchmark 1 (%) -11.0 7.0

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
13.26 -2.91 - - -4.19
Constraint Benchmark 1 (%) 12.85 0.34 - - -0.32
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.05 -1.12 1.74 5.56 13.26 -8.47 - - -14.59
Constraint Benchmark 1 (%) 6.08 -0.99 1.83 5.83 12.85 1.02 - - -1.17
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

- - -21.65 0.70 13.73
Constraint Benchmark 1 (%)

as of 30/Sept/2024

- - -15.03 4.61 13.25

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in HKD, 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

Net Assets of Fund
as of 08/Nov/2024
USD 2,209,923,077
Fund Launch Date
02/Feb/1996
Fund Base Currency
USD
Constraint Benchmark 1
J.P. Morgan Asia Credit Index
Initial Charge
5.00%
Management Fee
1.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGATBAH
Share Class launch date
24/Feb/2021
Share Class Currency
HKD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
1.19%
ISIN
LU2290525943
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BMFN8N6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
394
3y Beta
as of 31/Oct/2024
1.087
Modified Duration
as of 31/Oct/2024
4.74
Effective Duration
as of 31/Oct/2024
4.52
WAL to Worst
as of 31/Oct/2024
4.56
Standard Deviation (3y)
as of 31/Oct/2024
7.40%
Yield to Maturity
as of 31/Oct/2024
6.14
Weighted Average YTM
as of 31/Oct/2024
6.39%
Weighted Avg Maturity
as of 31/Oct/2024
4.56

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
ISHARES USD ASIA HY BOND ETF 2.02
HDFC BANK LTD 7.69 01/27/2033 1.32
INDONESIA (REPUBLIC OF) RegS 6.625 02/17/2037 1.27
STUDIO CITY CO LTD RegS 7 02/15/2027 1.12
CNAC HK FINBRIDGE CO LTD RegS 3 09/22/2030 1.10
Name Weight (%)
RAKUTEN GROUP INC RegS 4.25 12/31/2079 1.02
NETWORK I2I LTD RegS 5.65 12/31/2079 0.93
MONG DUONG FINANCE HOLDINGS BV RegS 5.125 05/07/2029 0.86
MINEJESA CAPITAL BV RegS 5.625 08/10/2037 0.82
MINOR INTERNATIONAL PCL RegS 2.7 12/31/2079 0.80
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% 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

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class A2 Hedged HKD 85.69 0.44 0.52 08/Nov/2024 86.58 76.32 LU2290525943
Class A3 Hedged NZD 8.85 0.05 0.57 08/Nov/2024 8.98 8.21 LU0803752632
Class A1 USD 10.11 0.05 0.50 08/Nov/2024 10.26 9.35 LU0063728728
Class A8 Hedged CNH 70.61 0.38 0.54 08/Nov/2024 71.71 66.03 LU1257007309
Class D2 USD 14.08 0.07 0.50 08/Nov/2024 14.21 12.34 LU0776122383
Class A6 Hedged GBP 5.06 0.02 0.40 08/Nov/2024 5.15 4.75 LU1200839618
Class A8 Hedged NZD 8.58 0.04 0.47 08/Nov/2024 8.73 8.01 LU1200839709
Class A2 Hedged EUR 9.31 0.05 0.54 08/Nov/2024 9.42 8.34 LU1250980452
Class A3 Hedged SGD 7.57 0.04 0.53 08/Nov/2024 7.69 7.13 LU0830182670
Class I2 Hedged EUR 9.92 0.05 0.51 08/Nov/2024 10.03 8.84 LU1250973911
Class A6 Hedged EUR 6.47 0.04 0.62 08/Nov/2024 6.59 6.14 LU1200839535
Class A6 Hedged CNH 100.52 0.53 0.53 08/Nov/2024 102.60 96.54 LU2644453024
Class A2 Hedged SGD 12.80 0.07 0.55 08/Nov/2024 12.95 11.49 LU0540000063
Class A2 USD 41.28 0.22 0.54 08/Nov/2024 41.67 36.35 LU0063729296
Class D4 Hedged GBP 7.42 0.04 0.54 08/Nov/2024 7.76 6.89 LU1250979793
Class A3 Hedged AUD 8.14 0.04 0.49 08/Nov/2024 8.26 7.62 LU0841155764
Class A8 Hedged AUD 8.11 0.04 0.50 08/Nov/2024 8.24 7.55 LU0871639620
Class X3 USD 8.46 0.05 0.59 08/Nov/2024 8.59 7.83 LU0984171172
Class A8 Hedged CAD 7.84 0.04 0.51 08/Nov/2024 7.98 7.33 LU1200839881
Class I4 Hedged GBP 7.42 0.04 0.54 08/Nov/2024 7.78 6.89 LU1250978043
Class A6 Hedged SGD 6.58 0.03 0.46 08/Nov/2024 6.71 6.26 LU1149717156
Class A10 USD 10.55 0.05 0.48 08/Nov/2024 10.74 10.00 LU2708802660
Class I2 Hedged SGD 9.98 0.06 0.60 08/Nov/2024 10.09 8.89 LU1728037687
Class I2 Hedged CHF 9.15 0.05 0.55 08/Nov/2024 9.27 8.35 LU2127175250
Class I3 USD 8.79 0.05 0.57 08/Nov/2024 8.92 8.13 LU1456638573
Class I2 USD 12.56 0.06 0.48 08/Nov/2024 12.68 10.99 LU1111085012
Class I5 EUR Hedged EUR 6.65 0.04 0.61 08/Nov/2024 6.76 6.26 LU1196525700
Class SR4 Hedged GBP 7.64 0.04 0.53 08/Nov/2024 8.00 7.09 LU2319960790
Class D2 Hedged SGD 12.66 0.07 0.56 08/Nov/2024 12.80 11.30 LU0969580215
Class SR2 Hedged EUR 8.53 0.04 0.47 08/Nov/2024 8.62 7.60 LU2319960527
Class A6 Hedged HKD 60.79 0.32 0.53 08/Nov/2024 61.89 57.37 LU0784395997
Class D2 Hedged EUR 11.08 0.05 0.45 08/Nov/2024 11.20 9.89 LU0969580132
Class D3 USD 10.14 0.05 0.50 08/Nov/2024 10.29 9.38 LU0827875344
Class A3 USD 10.13 0.05 0.50 08/Nov/2024 10.28 9.37 LU0172393414
Class D6 USD 9.00 0.04 0.45 08/Nov/2024 9.15 8.36 LU0827875427
Class D3 Hedged SGD 7.43 0.03 0.41 08/Nov/2024 7.56 7.01 LU2250419038
Class A3 Hedged HKD 8.44 0.05 0.60 08/Nov/2024 8.57 7.89 LU0496654236
Class SR3 USD 7.80 0.04 0.52 08/Nov/2024 7.92 7.22 LU2319960956
Class D3 Hedged HKD 8.45 0.05 0.60 08/Nov/2024 8.58 7.90 LU0827875690
Class SR2 USD 9.17 0.05 0.55 08/Nov/2024 9.25 8.02 LU2319960873
Class A3 Hedged EUR 6.58 0.03 0.46 08/Nov/2024 6.69 6.20 LU0841166456
Class A6 USD 8.40 0.04 0.48 08/Nov/2024 8.55 7.84 LU0764618053
Class A8 Hedged ZAR 77.61 0.41 0.53 08/Nov/2024 78.98 72.28 LU1023054775

Portfolio Managers

Portfolio Managers

Neeraj Seth
Neeraj Seth
Stephen Gough
Stephen Gough
Venn Saltirov
Venn Saltirov
Yii Hui Wong
Yii Hui Wong

Literature

Literature