Fixed Income

BGF Asian High Yield 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.

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

Chart

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Distributions

Ex-Date Total Distribution
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This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -3.6 13.1 10.9 -17.4 -18.7 -2.8
Constraint Benchmark 1 (%) -3.3 13.2 8.4 -6.2 -13.3 -0.5

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

  1y 3y 5y 10y Incept.
18.34 -3.26 -3.28 - -1.25
Constraint Benchmark 1 (%) 14.95 -1.14 -0.09 - 1.19
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
15.58 -0.04 2.49 5.95 18.34 -9.47 -15.36 - -8.45
Constraint Benchmark 1 (%) 12.75 -0.20 1.56 5.38 14.95 -3.39 -0.45 - 8.61
  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

7.01 -1.49 -34.76 1.47 21.82
Constraint Benchmark 1 (%)

as of 30/Sept/2024

4.82 4.15 -29.38 11.33 17.77

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 USD, 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 06/Dec/2024
USD 1,508,271,192
Fund Launch Date
01/Dec/2017
Fund Base Currency
USD
Constraint Benchmark 1
iBoxx ChinaBond Asian High Yield USD Hedged 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
BGAHA6U
Share Class launch date
01/Dec/2017
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Other
Ongoing Charges Figures
1.21%
ISIN
LU1564328141
Use of Income
Distributing
Regulatory Structure
UCITS
Morningstar Category
Asia High Yield Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
BFNHLM1

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 29/Nov/2024
337
Standard Deviation (3y)
as of 30/Nov/2024
15.30%
Yield to Maturity
as of 29/Nov/2024
7.94
Weighted Average YTM
as of 29/Nov/2024
8.26%
Weighted Avg Maturity
as of 29/Nov/2024
3.32
12 Month Trailing Dividend Distribution Yield
as of 30/Nov/2024
9.48
3y Beta
as of 30/Nov/2024
0.842
Modified Duration
as of 29/Nov/2024
2.89
Effective Duration
as of 29/Nov/2024
2.61
WAL to Worst
as of 29/Nov/2024
3.32

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

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for BGF Asian High Yield Bond Fund, Class A6, as of 30/Nov/2024 rated against 253 Asia High Yield Bond Funds.

Holdings

Holdings

as of 29/Nov/2024
Name Weight (%)
ISHARES USD ASIA HY BOND ETF 2.52
ULAANBAATAR CAPITAL RegS 7.75 08/21/2027 1.31
FORTUNE STAR BVI LTD RegS 3.95 10/02/2026 1.21
HUARONG FINANCE 2017 CO LTD MTN RegS 3.8 11/07/2025 1.20
SAN MIGUEL GLOBAL POWER HOLDINGS C RegS 8.75 12/31/2079 1.14
Name Weight (%)
STRAITS TRADING COMPANY LTD RegS 3.25 02/13/2028 1.04
STUDIO CITY FINANCE LTD RegS 5 01/15/2029 1.04
VEDANTA (JPM STRUCTURED) MTN RegS 10 05/21/2026 1.04
GREENKO WIND PROJECTS (MAURITIUS) RegS 5.5 04/06/2025 1.01
WYNN MACAU LTD 144A 4.5 03/07/2029 0.99
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/2024

% of Market Value

Type Fund Benchmark Net
as of 29/Nov/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 A6 USD 5.01 0.00 0.00 06/Dec/2024 5.08 4.65 LU1564328141
Class D6 USD 5.35 0.00 0.00 06/Dec/2024 5.42 4.94 LU1564328497
Class D2 Hedged GBP 7.99 0.00 0.00 06/Dec/2024 8.00 6.74 LU2381872907
Class A8 Hedged GBP 5.48 0.01 0.18 06/Dec/2024 5.55 5.07 LU2125116330
Class A5 USD 6.43 0.01 0.16 06/Dec/2024 6.43 5.83 LU2379469104
Class A8 Hedged EUR 5.39 0.00 0.00 06/Dec/2024 5.46 4.99 LU2125116413
Class A8 Hedged CNH 52.95 0.04 0.08 06/Dec/2024 53.68 49.58 LU1919856309
Class I6 USD 5.51 0.01 0.18 06/Dec/2024 5.58 5.08 LU2211195172
Class I2 USD 7.65 0.00 0.00 06/Dec/2024 7.65 6.42 LU2339509122
Class A8 Hedged HKD 54.20 0.04 0.07 06/Dec/2024 54.91 50.48 LU2125116504
Class A8 Hedged SGD 5.90 0.00 0.00 06/Dec/2024 6.00 5.58 LU2127175417
Class D2 USD 9.47 0.01 0.11 06/Dec/2024 9.47 7.95 LU1564328224
Class D3 Hedged EUR 5.37 0.01 0.19 06/Dec/2024 5.41 4.94 LU2344714063
Class A2 Hedged HKD 82.70 0.05 0.06 06/Dec/2024 82.74 70.61 LU2125116173
Class A8 Hedged AUD 5.38 0.00 0.00 06/Dec/2024 5.45 4.99 LU1564328737
Class A2 Hedged EUR 7.75 0.01 0.13 06/Dec/2024 7.76 6.65 LU2125116090
Class I2 Hedged EUR 7.18 0.00 0.00 06/Dec/2024 7.19 6.13 LU2327297755
Class D3 Hedged GBP 6.23 0.00 0.00 06/Dec/2024 6.26 5.66 LU2381873038
Class A2 Hedged SGD 8.95 0.00 0.00 06/Dec/2024 8.97 7.70 LU1564328810
Class A2 USD 9.17 0.01 0.11 06/Dec/2024 9.17 7.74 LU1564328067
Class D2 Hedged EUR 7.35 0.00 0.00 06/Dec/2024 7.36 6.28 LU2250419111
Class A2 Hedged AUD 8.00 0.01 0.13 06/Dec/2024 8.00 6.83 LU2125116256
Class A2 Hedged GBP 8.18 0.00 0.00 06/Dec/2024 8.19 6.93 LU2125115951

Portfolio Managers

Portfolio Managers

Stephen Gough
Stephen Gough
Suanjin Tan
Suanjin Tan

Literature

Literature