Fixed Income

BGF China Bond Fund

Overview

Important Information: 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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

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

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Performance

Performance

  • Returns

  From
31.Dec.2013
To
31.Dec.2014
From
31.Dec.2014
To
31.Dec.2015
From
31.Dec.2015
To
31.Dec.2016
From
31.Dec.2016
To
31.Dec.2017
From
31.Dec.2017
To
31.Dec.2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment.

as of 31-Dec-2018

1.40 -1.38 -1.12 16.74 -1.82
  2014 2015 2016 2017 2018
Total Return (%) Total return is expressed as the percentage change of an investment over a certain timeframe. It includes the net income earned by the investment in terms of dividends or interest along with any change in the capital value of the investment. 1.40 -1.38 -1.12 16.74 -1.82
Annual w/ Sales Charge (%) Max Sales Charge: 5.00 -3.67 -6.31 -6.07 10.90 -6.73
Morningstar Category Avg. (%) RMB Bond 3.25 1.69 5.19 4.03 2.64

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund benchmark performance is displayed in CNH.

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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 26-Mar-2019 RMB 869.68
Base Currency CNH
Fund Launch Date 11-Nov-2011
Share Class launch date 11-Nov-2011
Asset Class Fixed Income
Morningstar Category RMB Bond
Benchmark Index 1Y China Household Savings Deposits Rate Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0683067952
Bloomberg Ticker BGRBD3U
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B7664C0
Bloomberg Benchmark Ticker HSBCALBIN
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

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

Overall Morningstar Rating for BGF China Bond Fund, Class D3, as of 28-Feb-2019 rated against 134 RMB Bond Funds.

Portfolio Managers

Portfolio Managers

Artur Piasecki
Artur Piasecki
Eric Liu
Eric Liu

Holdings

Holdings

as of 28-Feb-2019
Name Weight (%)
SHAANXI PROVINCE HIGHWAY CONSTRUCT MTN 6.2 12/31/2049 1.39
CNAC HK FINBRIDGE CO LTD RegS 5.125 03/14/2028 1.38
HBIS GROUP CO LTD MTN 6.24 12/31/2049 1.37
INNER MONGOLIA HIGH-GRADE HIGHWAY MTN 6.3 12/31/2049 1.37
DATONG COAL MINE GROUP CO LTD 6.95 10/24/2021 1.37
Name Weight (%)
CHONGQING LONGHU DEVELOPMENT CO LT 4.75 03/07/2024 1.37
JILIN PROVINCIAL EXPRESSWAY GROUP MTN 6.19 12/19/2022 1.37
CAIYUN INTERNATIONAL INVESTMENT LT RegS 3.125 07/12/2019 1.36
CHINA SHANDONG INTERNATIONAL ECONO RegS 4 12/21/2020 1.34
SHANXI PROVINCIAL GUOXIN ENERGY DE MTN 7.8 12/31/2049 1.33
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 28-Feb-2019

% of Market Value

Type Fund
as of 28-Feb-2019

% of Market Value

Type Fund
as of 28-Feb-2019

% of Market Value

Type Fund
Allocations subject to change.
as of 28-Feb-2019

% of Market Value

Type Fund
as of 28-Feb-2019

% of Market Value

Type Fund
as of 28-Feb-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
Class D3 USD Monthly 10.65 0.00 0.00 11.27 9.98 - LU0683067952 - -
Class I6 CNH - 101.70 0.10 0.10 101.70 100.00 - LU1940842344 - -
Class A6 Hedged USD Monthly 10.26 0.01 0.10 10.26 9.96 - LU1847653141 - -
Class A2 CHF None 13.70 0.04 0.29 13.82 12.33 - LU0969580058 - -
Class A2 USD None 13.78 0.01 0.07 13.95 12.69 - LU0679941327 - -
Class A6 CNH Monthly 103.54 0.09 0.09 103.54 99.90 - LU1852330734 - -
Class A3 HKD Monthly 83.21 0.06 0.07 88.00 77.85 - LU0690034276 - -
Class D2 CNH None 92.19 0.09 0.10 92.19 85.66 - LU0827885731 - -
Class A6 Hedged EUR Monthly 10.04 0.01 0.10 10.07 9.83 - LU1847653224 - -
Class D2 USD None 13.72 0.01 0.07 13.84 12.62 - LU0719319435 - -
Class I3 USD Monthly 10.29 0.00 0.00 10.88 9.64 - LU1648248299 - -
Class A6 Hedged SGD Monthly 10.28 0.01 0.10 10.28 10.00 - LU1847653497 - -
Class I2 USD None 17.20 0.01 0.06 17.33 15.80 - LU1588882974 - -
Class E2 EUR None 15.24 0.04 0.26 15.24 13.62 - LU0764816798 - -
Class A6 Hedged AUD Monthly 10.24 0.01 0.10 10.24 9.96 - LU1852331039 - -
Class A2 CNH None 92.58 0.09 0.10 92.58 86.23 - LU0679940949 - -
Class E2 Hedged EUR None 10.40 0.01 0.10 10.40 9.99 - LU0803752129 - -
Class A3 USD Monthly 10.60 0.00 0.00 11.21 9.94 - LU0679941673 - -
Class A3 CNH Monthly 71.24 0.07 0.10 71.24 68.57 - LU0679941160 - -

Literature

Literature