# BGF Asian Tiger Bond Fund Class A6 Hedged SGD
## JANUARY 2023 FACTSHEET
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.

### Performance, Portfolio Breakdowns and Net Asset information as at: 31-Jan-2023. All other data as at: 10-Feb-2023.

#### Investors should read the Key Investor Information Document and Prospectus prior to investing.
| TOP HOLDINGS (%) |  |
| --- | --- |
| STANDARD CHARTERED PLC RegS 6.301 01/ |  |
| 09/2029 | 1.34 |
| STANDARD CHARTERED PLC RegS 6.17 01/ |  |
| 09/2027 | 1.32 |
| SAUDI ARABIA (KINGDOM OF) MTN RegS |  |
| 4.875 07/18/2033 | 1.19 |
| SAUDI ARABIA (KINGDOM OF) MTN RegS |  |
| 4.75 01/18/2028 | 1.08 |
| PHILIPPINES (REPUBLIC OF) 3.7 03/01/2041 | 0.93 |
| TENCENT HOLDINGS LTD MTN RegS 3.975 |  |
| 04/11/2029 | 0.81 |
| LENOVO GROUP LTD RegS 3.421 11/02/2030 | 0.74 |
| SUNNY EXPRESS ENTERPRISES CORP |  |
| RegS 3.125 04/23/2030 | 0.72 |
| RURAL ELECTRIFICATION CORP LTD MTN |  |
| RegS 3.875 07/07/2027 | 0.72 |
| ZHONGSHENG GROUP HOLDINGS LTD RegS |  |
| 3 01/13/2026 | 0.70 |
| Total of Portfolio9.55 Holdings subject to change |

Share Class and Benchmark performance displayed in SGD. Source: BlackRock. Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested. Past performance is not a guide to future performance.
Key Risks: 
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.
(Continued on page 2)
Share Class performance is calculated on a Net Asset Value (NAV) basis, net of fees in the dealing currency specified and do not include sales charge or taxes. Returns assume reinvestment of any distributions. Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product.
Key Risks Continued: 
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.
| SECTOR BREAKDOWN (%) |
| --- |
| Fund | Benchmark | +/- |
| Financials	29.25	26.832.43 |
| Quasi Sovereign	20.73	26.67	-5.94 |
| Sovereign	13.62	14.92	-1.30 |
| Technology	6.47	5.760.72 |
| Real Estate	6.38	5.301.08 |
| Consumer Cyclical	6.30	4.551.74 |
| Other	4.52	5.59	-1.08 |
| Utilities	3.88	2.441.44 |
| Energy	3.77	1.162.61 |
| Basic Industry	2.17	2.150.02 |
| Consumer Non-Cyclical	1.82	0.621.20 |
| Other	1.10	4.00	-2.91 |
| Negative weightings may result from specific circumstances (including timing |
| differences between trade and settlement 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. |

Translation (ENDE, 2023-01-31):
# BGF Asian Tiger Bond Fund Class A6 Hedged SGD
## JANUAR 2023 FACTSHEET
Risiken im Zusammenhang mit Kapital. Alle Finanzanlagen bergen ein Risikoelement.
Daher werden der Wert Ihrer Anlage und die Erträge daraus Schwankungen unterliegen und Ihr ursprünglicher Anlagebetrag kann nicht garantiert werden.
Sofern nicht anders angegeben, sind die Informationen über die Wertentwicklung, Portfolioaufgliederung und das Nettovermögen vom: 
31.Jan 2023. 
Alle weiteren Daten per 
08.Feb 2023.
Diese Werbemitteilung stellt keine Anlageempfehlung oder sonstigen Rat dar und dient rein zu Informationszwecken für Anleger in Deutschland. Anleger sollten vor einer Anlage die Wesentlichen Anlegerinformationen und den Verkaufsprospekt lesen.
Die Wertentwicklung der Anteilsklasse und des Referenzindex werden in SGD angezeigt. Die Wertentwicklung wird auf der Grundlage eines Nettoinventarwerts (NAV) mit reinvestierten Bruttoausschüttungen angezeigt.
Der Fonds investiert einen erheblichen Vermögensanteil, der auf andere Währungen lautet.
| TOP-POSITIONEN (%) |  |
| --- | --- |
| STANDARD CHARTERED PLC RegS 6.301 01/ |  |
| 09/2029 | 1,34 |
| STANDARD CHARTERED PLC RegS 6.17 01/ |  |
| 09/2027 | 1,32 |
| SAUDI ARABIA (KINGDOM OF) MTN RegS |  |
| 4.875 07/18/2033 | 1,19 |
| SAUDI ARABIA (KINGDOM OF) MTN RegS |  |
| 4.75 01/18/2028 | 1,08 |
| PHILIPPINES (REPUBLIC OF) 3.7 03/01/2041 | 0,93 |
| TENCENT HOLDINGS LTD MTN RegS 3.975 |  |
| 04/11/2029 | 0,81 |
| LENOVO GROUP LTD RegS 3.421 11/02/2030 | 0,74 |
| SUNNY EXPRESS ENTERPRISES CORP |  |
| RegS 3.125 04/23/2030 | 0,72 |
| RURAL ELECTRIFICATION CORP LTD MTN |  |
| RegS 3.875 07/07/2027 | 0,72 |
| ZHONGSHENG GROUP HOLDINGS LTD RegS |  |
| 3 01/13/2026 | 0,70 |
| 9,55 Positionen unterliegen Änderungen. |

Die Wertentwicklung der Anteilsklasse wird auf der Grundlage des Nettoinventarwerts (NIW) zusammen mit dem reinvestierten Ertrag in SGD nach Gebühren errechnet. Die Wertentwicklung des Referenzindex wird in USD angezeigt.
| Financials | 29,25 | 26,83 | 2,43 |
| --- | --- | --- | --- |
| Quasi Sovereign | 20,73 | 26,67 | -5,94 |
| Sovereigns | 13,62 | 14,92 | -1,30 |
| Technologie | 6,47 | 5,76 | 0,72 |
| Immobilien | 6,38 | 5,30 | 1,08 |
| Zyklische Konsumgüter | 6,30 | 4,55 | 1,74 |
| Sonstige | 4,52 | 5,59 | -1,08 |
| Versorger | 3,88 | 2,44 | 1,44 |
| Energie | 3,77 | 1,16 | 2,61 |
| Basic Industry | 2,17 | 2,15 | 0,02 |
| Consumer Non-Cyclical | 1,82 | 0,62 | 1,20 |
| Sonstige | 1,10 | 4,00 | -2,91 |