Fixed Income

BGF China 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.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Reinvestments

This fund does not have any distributions data as of now.
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

4.01 8.29 8.19 3.62 -6.21
  1Y 3Y 5Y 10y Incept.
-6.21 1.69 3.44 - 4.15
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
-3.70 -1.19 -1.62 -6.21 5.14 18.43 - 25.37
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Fund (Millions) as of Sep 29, 2022 RMB 37,416.540
12m Trailing Yield -
Number of Holdings as of Sep 30, 2022 550
Base Currency China OffShore Renminbi
Fund Inception Date Nov 11, 2011
Share Class Inception Date Mar 8, 2017
Asset Class Fixed Income
Morningstar Category China Bond
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge 0.48%
ISIN LU1574463128
Bloomberg Ticker BGRBI2C
Annual Management Fee 0.40%
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BF07Y81
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment RMB 10000000
Minimum Subsequent Investment RMB 1000
Use of Income Accumulating

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), 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. MSCI Ratings are currently unavailable for this fund.

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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’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.

MSCI - Controversial Weapons as of Sep 30, 2022 0.00%
MSCI - UN Global Compact Violators as of Sep 30, 2022 0.00%
MSCI - Nuclear Weapons as of Sep 30, 2022 0.00%
MSCI - Thermal Coal as of Sep 30, 2022 0.22%
MSCI - Civilian Firearms as of Sep 30, 2022 0.00%
MSCI - Oil Sands as of Sep 30, 2022 0.00%
MSCI - Tobacco as of Sep 30, 2022 0.00%

Business Involvement Coverage as of Sep 30, 2022 55.54%
Percentage of Fund not covered as of Sep 30, 2022 43.64%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.62% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes environmental, social and governance considerations across all steps of the investment process. In the initial idea generation and credit research process this includes an assessment of each company’s positive ESG attributes or material risks and the use of internal sovereign or corporate ESG due diligence templates alongside third-party ESG data. Positive ESG attributes and material ESG risks and their potential financial impact are highlighted in credit research reports and may influence investment decisions and security selection by portfolio managers. From a top-down perspective, the Fund manager also reviews ESG aggregate portfolio metrics through BlackRock’s Aladdin system. The Fund manager also considers environmental, social and governance criteria during portfolio monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks.

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BGF China Bond Fund, Class I2, as of Jan 31, 2021 rated against 104 China Bond Funds.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2022
Name Weight (%)
ALIBABA GROUP HOLDING LTD 3.6 11/28/2024 1.79
BANK OF CHINA LTD RegS 4.2 09/21/2030 1.78
CHINA CONSTRUCTION BANK CORP RegS 3.45 08/10/2031 1.77
BANK OF COMMUNICATIONS CO LTD RegS 3.65 09/27/2031 1.33
CHINA DEVELOPMENT BANK 3.65 05/21/2029 1.22
Name Weight (%)
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.02 10/22/2025 1.14
CHINA DEVELOPMENT BANK 3.48 01/08/2029 1.12
BAIDU INC 4.375 05/14/2024 1.05
INDUSTRIAL AND COMMERCIAL BANK OF 4.15 11/16/2030 0.96
CHINA CONSTRUCTION BANK CORP RegS 4.25 02/27/2029 0.89
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2022

% of Market Value

Type Fund
as of Sep 30, 2022

% of Market Value

Type Fund
as of Sep 30, 2022

% of Market Value

Type Fund
Allocations subject to change.
as of Sep 30, 2022

% of Market Value

Type Fund
as of Sep 30, 2022

% of Market Value

Type Fund
as of Sep 30, 2022

% of Market Value

Type Fund
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 Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
I2 CNH Accumulating 125.37 -0.11 -0.09 133.67 124.63 - LU1574463128 - -
A2 CHF Accumulating 13.60 0.11 0.82 15.22 13.49 - LU0969580058 - -
A6 Hgd AUD Monthly 8.19 -0.05 -0.61 9.50 8.19 - LU1852331039 - -
A6 Hgd EUR Monthly 7.72 -0.05 -0.64 9.06 7.72 - LU1847653224 - -
A6 Hgd GBP Monthly 8.10 -0.05 -0.61 9.39 8.10 - LU2077746779 - -
A6 Hgd SGD Monthly 8.33 -0.05 -0.60 9.62 8.33 - LU1847653497 - -
A3 CNH Monthly 65.69 -0.18 -0.27 72.93 65.69 - LU0679941160 - -
A2 Hgd USD Accumulating 9.67 -0.01 -0.10 10.57 9.67 - LU2070343392 - -
A3 HKD Monthly 72.37 0.71 0.99 87.79 71.66 - LU0690034276 - -
E5 EUR Quarterly 10.60 -0.02 -0.19 11.16 10.53 - LU2038736380 - -
A2 CNH Accumulating 98.72 -0.09 -0.09 105.79 98.41 - LU0679940949 - -
A2 USD Accumulating 13.86 0.17 1.24 16.36 13.69 - LU0679941327 - -
Class E5 Hedged EUR Quarterly 8.30 -0.01 -0.12 9.56 8.30 - LU2038736463 - -
I2 USD Accumulating 17.59 0.20 1.15 20.67 17.39 - LU1588882974 - -
D2 USD Accumulating 13.97 0.16 1.16 16.43 13.81 - LU0719319435 - -
E2 EUR Accumulating 17.46 -0.04 -0.23 18.21 16.81 - LU0764816798 - -
I2 EUR - 18.06 -0.05 -0.28 18.80 17.24 - LU2011139461 - -
C2 USD Accumulating 12.11 0.14 1.17 14.48 11.97 - LU0683062482 - -
Class E8 Hedged EUR Monthly 8.55 -0.02 -0.23 9.68 8.55 - LU2252214130 - -
D3 USD Monthly 9.26 0.09 0.98 11.33 9.17 - LU0683067952 - -
D2 CNH Accumulating 99.52 -0.09 -0.09 106.27 99.02 - LU0827885731 - -
A3 USD Monthly 9.22 0.09 0.99 11.28 9.13 - LU0679941673 - -
A6 Hgd CAD Monthly 8.17 -0.05 -0.61 9.44 8.17 - LU2077746696 - -
A6 Hgd NZD Monthly 8.20 -0.04 -0.49 9.44 8.20 - LU2077746340 - -
Class I6 CNH Monthly 90.75 -0.48 -0.53 102.13 90.75 - LU1940842344 - -
X3 USD - 9.13 0.08 0.88 10.12 9.05 - LU2469414325 - -
A6 Hgd USD Monthly 8.37 -0.05 -0.59 9.66 8.37 - LU1847653141 - -
I3 USD Monthly 8.94 0.08 0.90 10.94 8.86 - LU1648248299 - -
A6 Hgd HKD Monthly 81.70 -0.47 -0.57 94.86 81.70 - LU1963769176 - -
E2 Hgd EUR Accumulating 9.65 -0.01 -0.10 10.76 9.65 - LU0803752129 - -
A6 CNH Monthly 90.28 -0.51 -0.56 102.12 90.28 - LU1852330734 - -
X2 USD - 11.10 0.13 1.19 12.99 10.97 - LU1733225855 - -

Listings

Portfolio Managers

Portfolio Managers

Yii Hui Wong
Yii Hui Wong
Suanjin Tan
Suanjin Tan

Literature

Literature