Important risk disclosure

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LU0827875690

BlackRock BGF Asian Tiger Bond Fund HKD-Hedged (Dist.)(LU0827875690)

Fixed income
Investment grade
Corporate bond
Asia
HKD Cash
Distributing

Invest with

HKD Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund seeks to outperform the JPM Asian Credit Index by investing at least 70% of its total assets in the fixed income transferable securities of issuers domiciled in or exercising the predominant part of their economic activity in Asian countries...

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Provides exposure to the Asian bond market, offering a diversified mix of corporate, quasi-sovereign, and sovereign debt. Seeks to capture attractive risk-adjusted returns relative to Developed Markets, capitalizing on the higher average credit quality characteristics of Asian fixed income.

People

Managed by Portfolio Managers Stephen Gough, Venn Saltirov, and Hui Wong, with Gough leading the strategy as Head of Asia Credit. The team leverages BlackRock's extensive global network, including regular collaboration with Global CIO of Fixed Income Rick Rieder and the Emerging Market Investment Committee. Oversight is provided by Navin Saigal, Head of Macro APAC and Fundamental Fixed Income Asia Pacific, who brings over a decade of experience from the Global CIO office.

Performance

Aims to deliver competitive long-term returns relative to peers through active management of credit and currency exposures. Performance is driven primarily by bottom-up credit selection, with currency positioning serving as a secondary contributor to total returns.

Process

Employs a team-based investment approach that combines top-down macroeconomic views with rigorous bottom-up credit selection. Credit analysts select securities based on an issuer's financial health, capital structure, management quality, competitive positioning, and relative valuation.

Cost

Access to institutional share class with no trailer fees to achieve the lowest possible fees.

How it fits in a portfolio

The fund offers focused fixed income exposure to the Asian region, capturing the growth potential and financing needs of these developing markets. It serves as an option for investors seeking geographical diversification into Asia with potentially lower volatility than regional equities. Investors should view this as a satellite allocation, noting the specific concentration risks associated with investing solely in Asian markets compared to a globally diversified portfolio.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

29.73%

YTD

-0.63%

1 month

-2.60%

6 month

0.08%

1 year

4.50%

3 year

16.67%

5 year

-5.97%

10 year

15.36%

As of Mar 2026

Distributions

5.32%

Frequency

Monthly

31 Mar 2026

Yield

5.78%As of Mar 2026

Risk metrics

Max drawdown

-27.42%As of Mar 2026

Volatility

5.63%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.9%	1.1%	-2.6%	-	-	-	-	-	-	-	-	-
2025	8.0%	0.6%	2.0%	0.0%	-0.4%	-0.0%	1.3%	0.7%	1.2%	1.6%	0.7%	-0.1%	0.1%
2024	5.7%	0.8%	0.1%	1.4%	-1.6%	1.3%	1.3%	1.2%	1.4%	1.5%	-1.0%	0.3%	-1.1%
2023	5.0%	3.2%	-1.6%	0.5%	0.6%	-1.3%	0.1%	-0.1%	-1.0%	-1.5%	-0.6%	3.7%	3.1%
2022	-16.3%	-3.3%	-2.8%	-2.3%	-2.4%	-0.9%	-2.9%	-0.4%	-0.5%	-4.2%	-4.4%	4.5%	2.5%
Load more		5 of 15

Top Exposures

Holdings

Regions

Sectors

Mumbai International Airport Ltd. 6.95% (2029-07-30 Maturity)	1.21%
Perusahaan Listrik Negara PT 1.875% (2031-11-05 Maturity)	0.95%
CS Treasury Management Services 9% (2079-12-31 Maturity)	0.94%
National Australia Bank Ltd. 5.2572% (2035-11-14 Maturity)	0.91%
J.P. Morgan Structured Products B.V. 13% (2028-02-03 Maturity)	0.90%
Resurgent Trade and Investment Ltd. 9.52% (2027-12-05 Maturity)	0.87%
Latitude Australia Credit Card Master Trust Series 2025-1 5.2% (2037-11-23 Maturity)	0.86%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.71% p.a.

Fund facts

ISIN

LU0827875690

Fund house

BlackRock

Fund size

HK$17B

As of 22 Apr 2026

Fund inception date

11 Oct 2012

Fund class currency

HKD

Fund share class

D3 HKD Hdg

Oldest share inception date

02 Feb 1996

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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