Equity

BGF Asia Pacific Equity Income 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.

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

  • Returns

  From
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 31-Mar-20

-13.49 18.56 12.22 -11.71 -20.33
Benchmark (%) Index: MSCI All Country Asia Pacific ex Japan Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 31-Mar-20

-11.58 18.19 20.71 -3.50 -15.24

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 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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 26-May-20 USD 224.731
Base Currency U.S. Dollar
Fund Launch Date 18-Sep-09
Share Class launch date 02-Apr-12
Asset Class Equity
Morningstar Category Other Equity
Benchmark Index MSCI All Country Asia Pacific ex Japan Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0765512784
Bloomberg Ticker BGAPA6H
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B51NKB3
Bloomberg Benchmark Ticker NDUECAPF
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment HKD 5000
Minimum Subsequent Investment -
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Modified Duration as of 30-Apr-20 0.01
3y Volatility - Benchmark as of 30-Apr-20 16.95
5y Volatility - Benchmark as of 30-Apr-20 16.67
5y Beta as of 30-Apr-20 1.016

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, material 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 Fund Ratings and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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 Sustainability Characteristics, using links below.

MSCI ESG Quality Score - Peer Percentile The fund’s ESG Percentile compared to its Lipper peer group. as of 01-May-20 65.86
Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of 01-May-20 Equity Asia Pacific ex Japan
All data is from MSCI ESG Fund Ratings as of 01-May-20, based on holdings as of 31-Oct-19. As such, the funds sustainable characteristics may differ from MSCI ESG ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

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 30-Apr-20
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 5.90
SAMSUNG ELECTRONICS CO LTD 5.85
TENCENT HOLDINGS LTD 4.93
ENN ENERGY HOLDINGS LTD 2.46
CHINA LIFE INSURANCE CO LTD 2.27
Name Weight (%)
CNOOC LTD 2.26
HAIER ELECTRONICS GROUP CO LTD 2.10
ANHUI CONCH CEMENT CO LTD 2.09
JIANGSU EXPRESSWAY CO LTD 2.04
BLACKROCK PREMIER FUNDS - BLACKROCK CHINA A-SHARES FUND 2.03
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Apr-20

% of Market Value

Type Fund Benchmark Net
as of 30-Apr-20

% of Market Value

Type Fund Benchmark Net
as of 30-Apr-20

% 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 A6 Hedged HKD Monthly Stable 84.19 1.43 1.73 108.53 69.62 - LU0765512784 - -
Class A8 Hedged CNH Monthly Stable with IRD 88.32 1.49 1.72 113.60 72.86 - LU1257007481 - -
Class A8 Hedged ZAR Monthly Stable with IRD 76.23 1.23 1.64 99.98 63.19 - LU1109561776 - -
Class A2 GBP None 14.54 0.07 0.48 17.49 12.69 - LU0852073260 - -
Class D5G USD Quarterly 11.42 0.19 1.69 14.56 9.37 - LU0827875005 - -
Class D5G Hedged SGD Quarterly 10.38 0.18 1.76 13.40 8.53 - LU0827874966 - -
Class D2 USD None 15.82 0.26 1.67 20.04 12.98 - LU0628613555 - -
Class A6 USD Monthly Stable 11.10 0.18 1.65 14.28 9.18 - LU0738912210 - -
Class D4G GBP Annual 11.39 0.05 0.44 13.88 9.93 - LU1379100800 - -
Class A5G HKD Quarterly 82.74 1.36 1.67 106.03 67.99 - LU0448666767 - -
Class A4G Hedged EUR Annual 7.53 0.12 1.62 9.70 6.21 - LU1031077412 - -
Class I2 USD None 9.95 0.17 1.74 12.58 8.15 - LU1523255765 - -
Class A2 USD None 14.77 0.25 1.72 18.76 12.13 - LU0414403419 - -
Class A8 Hedged AUD Monthly Stable with IRD 10.39 0.17 1.66 13.64 8.61 - LU0916957664 - -
Class A5G USD Quarterly 10.67 0.18 1.72 13.65 8.77 - LU0414403500 - -
Class A5G Hedged SGD Quarterly 9.71 0.16 1.68 12.57 8.00 - LU0414403682 - -

Portfolio Managers

Portfolio Managers

Alethea Leung
Alethea Leung
Stephen Andrews
Stephen Andrews

Literature

Literature