BGF China Bond Fund

Fixed Income

BGF China Bond Fund

Overview

Investment Approach

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally at least 70% of its total assets in fixed income (FI) securities issued or distributed either inside or outside of the People’s Republic of China (PRC) and denominated in Renminbi or other non Chinese domestic currencies. These include bonds and money market instruments (i.e. debt securities with short term maturities) which may be issued by governments, government agencies, companies and supranationals (e.g. the Asian Development Bank). The Fund may invest in the full range of FI securities which may include investments with a relatively low credit rating or which are unrated.
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Performance

Performance

  • Returns

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

as of Mar 31, 2019

3.59 1.23 0.35 17.49 -0.15
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.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Share Class and Benchmark performance displayed in USD. 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.

Distributions

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end.

Key Facts

Key Facts

Size of Fund (Millions) as of Apr 23, 2019 RMB 930.984
12m Trailing Yield The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. as of Feb 28, 2019 5.02
Number of Holdings The number of holdings in the fund excluding cash positions and derivatives exposures. Derivatives are contracts used by the fund to gain exposure to an investment without buying it directly. They can be used in a number of ways. For example a 'currency forward' derivative contract can be used to 'hedge' or aim to mitigate the effects of changes in exchange rates. as of Mar 29, 2019 234
Base Currency China OffShore Renminbi
Fund Inception Date Nov 11, 2011
Share Class Inception Date Nov 11, 2011
Asset Class Fixed Income
Morningstar Category RMB Bond
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charge Ongoing Charges Figure (OCF)- this is a measure of the total costs associated with managing and operating an investment fund. These costs consist primarily of management fees and other expenses such as trustee, custody, transaction and registration fees and other operating expenses. The total cost for the fund is divided by the fund’s total assets and expressed as a percentage which represents the OCF. 0.69%
ISIN LU0683067952
Bloomberg Ticker BGRBD3U
Annual Management Fee As reported in the fund's most recent Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holdings of other ETFs. 0.40%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B7664C0
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for BGF China Bond Fund, Class D3, as of Mar 31, 2019 rated against 136 RMB 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 Mar 29, 2019
Name Weight (%)
CHINA SHANDONG INTERNATIONAL ECONO RegS 4 12/21/2020 2.07
HUBEI SCIENCE & TECHNOLOGY INVESTM MTN 6.89 12/31/2049 1.24
CNAC HK FINBRIDGE CO LTD RegS 5.125 03/14/2028 1.23
CAIYUN INTERNATIONAL INVESTMENT LT RegS 3.125 07/12/2019 1.21
VANKE REAL ESTATE HONG KONG CO LTD MTN RegS 3.975 11/09/2027 1.21
Name Weight (%)
INNER MONGOLIA HIGH-GRADE HIGHWAY MTN 6.3 12/31/2049 1.21
JILIN PROVINCIAL EXPRESSWAY GROUP MTN 6.19 12/19/2022 1.21
DATONG COAL MINE GROUP CO LTD 6.95 10/24/2021 1.21
HBIS GROUP CO LTD MTN 6.24 12/31/2049 1.21
LIANYUNGANG PORT GROUP CO LTD MTN 6.35 02/28/2023 1.20
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% of Market Value

Type Fund
Allocations subject to change.
as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% of Market Value

Type Fund
as of Mar 29, 2019

% 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

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
D3 USD Monthly 10.65 -0.02 -0.19 11.23 9.98 - LU0683067952 - -
I3 USD Monthly 10.29 -0.01 -0.10 10.85 9.64 - LU1648248299 - -
A2 CHF Accumulating 14.13 0.09 0.64 14.13 12.33 - LU0969580058 - -
C2 USD Accumulating 12.61 -0.03 -0.24 12.83 11.64 - LU0683062482 - -
Class I6 CNH Monthly 101.82 0.09 0.09 101.83 100.00 - LU1940842344 - -
D2 USD Accumulating 13.78 -0.02 -0.14 13.85 12.62 - LU0719319435 - -
I2 CNH Accumulating 116.19 0.09 0.08 116.19 107.26 - LU1574463128 - -
A6 Hgd HKD - 100.03 0.03 0.03 100.03 100.00 - LU1963769176 - -
A6 Hgd SGD Monthly 10.28 0.00 0.00 10.30 10.00 - LU1847653497 - -
I2 USD Accumulating 17.27 -0.03 -0.17 17.37 15.80 - LU1588882974 - -
A3 HKD Monthly 83.12 -0.17 -0.20 87.67 77.85 - LU0690034276 - -
A2 CNH Accumulating 93.05 0.07 0.08 93.05 86.23 - LU0679940949 - -
A3 CNH Monthly 71.29 0.06 0.08 71.33 68.57 - LU0679941160 - -
A6 Hgd AUD Monthly 10.24 0.00 0.00 10.26 9.96 - LU1852331039 - -
A6 Hgd EUR Monthly 10.03 0.00 0.00 10.07 9.83 - LU1847653224 - -
A6 Hgd USD Monthly 10.26 0.01 0.10 10.27 9.96 - LU1847653141 - -
E2 EUR Accumulating 15.41 0.02 0.13 15.41 13.62 - LU0764816798 - -
X2 USD - 10.75 -0.01 -0.09 10.80 9.80 - LU1733225855 - -
D2 CNH Accumulating 92.69 0.08 0.09 92.69 85.66 - LU0827885731 - -
A3 USD Monthly 10.60 -0.02 -0.19 11.17 9.94 - LU0679941673 - -
E2 Hgd EUR Accumulating 10.43 0.00 0.00 10.43 9.99 - LU0803752129 - -
A6 CNH Monthly 103.63 0.01 0.01 103.78 99.90 - LU1852330734 - -
A2 USD Accumulating 13.83 -0.03 -0.22 13.91 12.69 - LU0679941327 - -

Portfolio Managers

Portfolio Managers

Artur Piasecki
Artur Piasecki
Eric Liu
Eric Liu

Literature

Literature

 

 

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Individual investor
I buy and sell securities for my personal account, not for another company or organization. I am not a financial professional nor an institutional investor.