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Fixed Income

BGF Asian Tiger Bond 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. 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

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Performance

Performance

  • Returns

  From
30-Sep-2014
To
30-Sep-2015
From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 30-Sep-19

- 10.84 1.98 -3.54 8.98
Benchmark (%) Index: JP Morgan Asia Credit 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 30-Sep-19

- 10.55 2.17 -1.01 10.80

The figures shown relate to past performance. Past performance is not a reliable indicator of 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 fund 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
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of 16-Oct-19 USD 3,162.301
Base Currency U.S. Dollar
Fund Launch Date 02-Feb-96
Share Class launch date 10-Dec-14
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index JP Morgan Asia Credit Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU1149717156
Bloomberg Ticker BGATA6S
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL BTC0KR7
Bloomberg Benchmark Ticker -
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment SGD 5000
Minimum Subsequent Investment SGD 1000
Use of Income Distributing

Risk Indicator

Risk Indicator

1
2
3
4
5
6
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-Sep-19
Name Weight (%)
CNAC HK SYNBR NO CONVER CALL COACS 5 05/05/2020 0.97
INDONESIA (REPUBLIC OF) MTN RegS 4.75 01/08/2026 0.89
INDIA (REPUBLIC OF) 7.57 06/17/2033 0.82
HUTCHISON WHAMPOA INTERNATIONAL 14 RegS 3.625 10/31/2024 0.81
SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 3.25 04/28/2025 0.80
Name Weight (%)
CNOOC NEXEN FINANCE 2014 ULC 4.25 04/30/2024 0.77
OVERSEAS CHINESE TOWN ASIA HOLDING RegS 4.3 12/31/2049 0.76
CHINA HUADIAN OVERSEAS DEVELOPMENT RegS 4 12/31/2049 0.72
INDONESIA (REPUBLIC OF) 8.25 05/15/2029 0.71
PERUSAHAAN PENERBIT SURAT BERHARGA MTN RegS 4.4 03/01/2028 0.70
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% of Market Value

Type Fund Benchmark Net
as of 30-Sep-19

% 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 SGD Monthly 9.49 0.00 0.00 9.60 8.90 - LU1149717156 - -
Class A3 Hedged HKD Monthly 11.09 -0.01 -0.09 11.20 10.32 - LU0496654236 - -
Class A3 USD Monthly 12.89 -0.01 -0.08 13.00 11.91 - LU0172393414 - -
Class X3 USD Monthly 10.74 -0.01 -0.09 10.84 9.92 - LU0984171172 - -
Class A8 Hedged CAD Monthly 10.90 -0.01 -0.09 11.02 10.18 - LU1200839881 - -
Class A6 Hedged GBP Monthly 7.31 0.00 0.00 7.41 6.93 - LU1200839618 - -
Class I3 USD Monthly 11.18 -0.01 -0.09 11.28 10.32 - LU1456638573 - -
Class D3 Hedged HKD Monthly 11.11 -0.01 -0.09 11.21 10.33 - LU0827875690 - -
Class A6 Hedged HKD Monthly 86.35 -0.05 -0.06 87.34 81.01 - LU0784395997 - -
Class A3 Hedged NZD Monthly 11.55 0.00 0.00 11.66 10.74 - LU0803752632 - -
Class I5 EUR Hedged EUR Quarterly 9.32 -0.01 -0.11 9.48 8.90 - LU1196525700 - -
Class I2 USD None 12.78 0.00 0.00 12.83 11.33 - LU1111085012 - -
Class A8 Hedged CNH Monthly 99.73 -0.05 -0.05 100.67 93.02 - LU1257007309 - -
Class A3 Hedged AUD Monthly 10.99 -0.01 -0.09 11.11 10.23 - LU0841155764 - -
Class A2 Hedged EUR None 10.82 -0.01 -0.09 10.90 9.92 - LU1250980452 - -
Class A2 USD None 43.39 -0.02 -0.05 43.57 38.71 - LU0063729296 - -
Class A6 Hedged EUR Monthly 9.87 0.00 0.00 10.02 9.45 - LU1200839535 - -
Class D3 USD Monthly 12.90 -0.01 -0.08 13.02 11.92 - LU0827875344 - -
Class A2 Hedged SGD None 14.11 -0.01 -0.07 14.17 12.68 - LU0540000063 - -
Class D6 USD Monthly 12.03 -0.01 -0.08 12.15 11.16 - LU0827875427 - -
Class A8 Hedged NZD Monthly 11.85 -0.01 -0.08 11.99 11.10 - LU1200839709 - -
Class D4 Hedged GBP Annual 9.86 0.00 0.00 10.33 9.30 - LU1250979793 - -
Class A6 USD Monthly 11.53 0.00 0.00 11.65 10.74 - LU0764618053 - -
Class I2 Hedged EUR None 11.15 -0.01 -0.09 11.23 10.17 - LU1250973911 - -
Class I4 Hedged GBP Annual 9.86 -0.01 -0.10 10.35 9.30 - LU1250978043 - -
Class D2 USD None 14.43 -0.01 -0.07 14.49 12.82 - LU0776122383 - -
Class A3 Hedged SGD Monthly 10.10 0.00 0.00 10.19 9.39 - LU0830182670 - -
Class D2 Hedged SGD None 13.61 -0.01 -0.07 13.67 12.17 - LU0969580215 - -
Class A3 Hedged EUR Monthly 9.26 0.00 0.00 9.38 8.79 - LU0841166456 - -
Class D2 Hedged EUR None 12.56 -0.01 -0.08 12.64 11.47 - LU0969580132 - -
Class A8 Hedged ZAR Monthly 105.61 -0.03 -0.03 106.71 97.44 - LU1023054775 - -
Class A1 USD Daily 12.86 -0.01 -0.08 12.96 11.87 - LU0063728728 - -
Class A8 Hedged AUD Monthly 11.32 -0.01 -0.09 11.45 10.59 - LU0871639620 - -
Class I2 Hedged SGD None 10.64 0.00 0.00 10.68 9.50 - LU1728037687 - -

Portfolio Managers

Portfolio Managers

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

Literature

Literature