Equity

BGF Asia Pacific Equity Income 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. 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 utilises derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk and volatility. The strategies utilised by the Fund involve the use of derivatives to facilitate certain investment management techniques including the establishment of both ‘long’ and ‘synthetic short’ positions and creation of market leverage for the purposes of increasing the economic exposure of a Fund beyond the value of its net assets. The use of derivatives in this manner may have the effect of increasing the overall risk profile of the Fund. Investors in this Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not 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

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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

13.47 -3.16 -7.31 -1.19 23.26
Benchmark (%)

as of 30-Sep-21

20.67 1.95 -1.77 13.59 16.59
  1y 3y 5y 10y Incept.
23.26 4.13 4.40 6.61 5.45
Benchmark (%)

as of 30-Sep-21

16.59 9.17 9.86 8.25 6.99
  YTD 1m 3m 1y 3y 5y 10y Incept.
-0.12 -3.33 -4.04 23.26 12.90 24.05 89.61 89.43
Benchmark (%)

as of 30-Sep-21

-2.14 -4.02 -8.41 16.59 30.10 60.06 121.02 125.35

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 SGD, 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 20-Oct-21 USD 171.381
12m Trailing Yield as of 30-Sep-21 2.95
Number of Holdings as of 30-Sep-21 60
Base Currency U.S. Dollar
Fund Launch Date 18-Sep-09
Share Class launch date 18-Sep-09
Asset Class Equity
Morningstar Category Other Equity
Benchmark Index MSCI All Country Asia Pacific ex Japan Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 1.86%
ISIN LU0414403682
Bloomberg Ticker BGFASA5
Annual Management Fee 1.50%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B5BVJ54
Bloomberg Benchmark Ticker NDUECAPF
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SGD 5,000.00
Minimum Subsequent Investment SGD 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of 30-Sep-21 18.81
3y Beta as of 30-Sep-21 0.985
5y Volatility - Benchmark as of 30-Sep-21 15.85
5y Beta as of 30-Sep-21 0.987

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-Oct-21 A
MSCI ESG Quality Score (0-10) as of 07-Oct-21 6.30
MSCI ESG Quality Score - Peer Percentile as of 07-Oct-21 50.75
MSCI ESG % Coverage as of 07-Oct-21 95.90
Fund Lipper Global Classification as of 07-Oct-21 Equity Asia Pacific ex Japan
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of 07-Oct-21 226.95
Funds in Peer Group as of 07-Oct-21 666
All data is from MSCI ESG Fund Ratings as of 07-Oct-21, based on holdings as of 30-Apr-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-Sep-21 1.13%
MSCI - UN Global Compact Violators as of 30-Sep-21 0.06%
MSCI - Nuclear Weapons as of 30-Sep-21 0.00%
MSCI - Thermal Coal as of 30-Sep-21 0.00%
MSCI - Civilian Firearms as of 30-Sep-21 0.00%
MSCI - Oil Sands as of 30-Sep-21 0.00%
MSCI - Tobacco as of 30-Sep-21 0.00%

Business Involvement Coverage as of 30-Sep-21 100.63%
Percentage of Fund not covered as of 30-Sep-21 0.00%
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 0.08% and for Oil Sands 1.44%.

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 ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

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

5 stars
Overall Morningstar Rating for BGF Asia Pacific Equity Income Fund, Class A5G Hedged, as of 31-Jul-18 rated against 228 Other Equity Funds.

Holdings

Holdings

as of 30-Sep-21
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 7.30
TENCENT HOLDINGS LTD 5.16
SAMSUNG ELECTRONICS CO LTD 4.92
BLACKROCK PREMIER FUNDS - BLACKROCK CHINA A-SHARES FUND 3.37
AIA GROUP LTD 2.87
Name Weight (%)
AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD 2.20
SIAM COMMERCIAL BANK PCL 2.12
UNITED OVERSEAS BANK LTD 2.08
SONIC HEALTHCARE LTD 2.07
JIANGSU EXPRESSWAY CO LTD 1.99
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-21

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-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 A5G Hedged SGD Quarterly 13.26 0.03 0.23 14.57 11.12 - LU0414403682 - -
Class A2 USD None 21.32 0.05 0.24 22.83 17.32 - LU0414403419 - -
Class A2 GBP None 18.79 0.09 0.48 20.20 16.26 - LU0852073260 - -
Class A8 Hedged CNH Monthly Stable with IRD 124.59 0.31 0.25 134.88 102.70 - LU1257007481 - -
Class D2 USD None 23.08 0.06 0.26 24.59 18.61 - LU0628613555 - -
Class A8 Hedged ZAR Monthly Stable with IRD 106.26 0.28 0.26 114.83 87.58 - LU1109561776 - -
Class I2 USD None 14.56 0.04 0.28 15.49 11.71 - LU1523255765 - -
Class A6 USD Monthly Stable 15.36 0.03 0.20 16.76 12.80 - LU0738912210 - -
Class A5G HKD Quarterly 113.93 0.24 0.21 124.62 94.98 - LU0448666767 - -
Class D4G GBP Annual 14.03 0.06 0.43 15.42 12.39 - LU1379100800 - -
Class A6 Hedged HKD Monthly Stable 116.36 0.27 0.23 127.08 97.06 - LU0765512784 - -
Class A4G Hedged EUR Annual 10.05 0.02 0.20 11.15 8.49 - LU1031077412 - -
Class A5G USD Quarterly 14.65 0.03 0.21 16.07 12.25 - LU0414403500 - -
Class D5G USD Quarterly 15.84 0.03 0.19 17.29 13.15 - LU0827875005 - -
Class D5G Hedged SGD Quarterly 14.32 0.04 0.28 15.65 11.92 - LU0827874966 - -
Class A8 Hedged AUD Monthly Stable with IRD 14.39 0.03 0.21 15.68 12.00 - LU0916957664 - -

Portfolio Managers

Portfolio Managers

Sidharth Mahapatra
Sidharth Mahapatra
Stephen Andrews
Stephen Andrews

Literature

Literature