Fixed Income

BlackRock Asian High Yield Bond Fund

IMPORTANT:
• The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.
•The Fund is subject to currency risk, geographical concentration risk in Asia, emerging market risk, securities lending counterparty risk, currency conversion risk including Renminbi denominated Classes, foreign investments restrictions risk and contingent convertible bonds risk.
Class 6 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
• The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
• 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 of your investment could be lost.
• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

Overview

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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

Performance

Performance

Chart

Performance chart data not available for display.
View Charts & Calendar Year Performance

Distributions

Ex-Date Distribution
View full table
  1y 3y 5y 10y Incept.
- - - - -
  YTD 6m 1y 3y 5y 10y Incept.
- 16.45 - - - - 4.97
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Size of Fund (Millions) as of 22-Oct-2020 USD 225.010 M
Base Currency USD
Fund Inception 01-Dec-2017
Share Class Currency EUR
Share Class Inception Date 11-Mar-2020
Additional Currencies AUD, GBP, HKD, RMB, SGD, USD
Asset Class Fixed Income
Morningstar Category Other Bond
Benchmark Index ICE BofA Asian Dollar High Yield Corporate Constrained Blended Index
Distribution Frequency Monthly
ISIN LU2125116413
Bloomberg Ticker BGHYBAE
Management Fee (incl Distribution Fee, if any) 1.00%
Initial Charge 5.00%
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Sep-2020 10.00
Modified Duration as of 30-Sep-2020 2.31 yrs
12M Trailing Distribution as of 30-Sep-2020 3.81%
Effective Duration as of 30-Sep-2020 2.32
3y Volatility as of - -
5yr Volatility as of - -
Since Class Inception – Volatility as of 30-Sep-2020 7.32
Since Class Inception Volatility – Benchmark as of 30-Sep-2020 9.00
Since Class Inception - Beta as of 30-Sep-2020 0.71

Ratings

Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 30-Sep-2020
Name Weight (%)
VEDANTA RESOURCES FINANCE II PLC RegS 8 04/23/2023 1.78
KAISA GROUP HOLDINGS LTD RegS 9.375 06/30/2024 1.76
SHRIRAM TRANSPORT FINANCE COMPANY MTN RegS 5.1 07/16/2023 1.68
MONGOLIAN MINING CORP RegS 9.25 04/15/2024 1.64
CHINA SCE GROUP HOLDINGS LTD RegS 7.375 04/09/2024 1.63
Name Weight (%)
YANGO JUSTICE INTERNATIONAL LTD RegS 8.25 11/25/2023 1.63
EASY TACTIC LTD RegS 8.125 02/27/2023 1.61
SHRIRAM TRANSPORT FINANCE COMPANY MTN RegS 5.7 02/27/2022 1.51
HONG SENG LTD RegS 9.875 08/27/2022 1.48
FANTASIA HOLDINGS GROUP CO LTD RegS 9.25 07/28/2023 1.46
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the geography where the issuer of the securities carries out much of their business. “Others” excluded from the chart above.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
as of 30-Sep-2020

% of Weight

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch. This breakdown is provided by BlackRock and takes the middle rating of the agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Ratings and portfolio credit quality may change over time.
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.
Due to rounding, the total may not be equal to 100%

Pricing

Pricing

Share Class Currency Distribution Frequency NAV NAV $ Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A8 Hedged EUR Monthly 10.10 0.00 0.00 22-Oct-2020 10.34 8.25 LU2125116413
A8 Hedged GBP Monthly 10.10 0.00 0.00 22-Oct-2020 10.34 8.24 LU2125116330
A6 USD Monthly 9.33 0.00 0.00 22-Oct-2020 9.71 7.63 LU1564328141
A2 Hedged HKD Non-Distributing 106.94 -0.01 -0.01 22-Oct-2020 108.74 83.01 LU2125116173
D2 USD Non-Distributing 11.63 0.00 0.00 22-Oct-2020 11.82 9.01 LU1564328224
A8 Hedged HKD Monthly 102.05 -0.01 -0.01 22-Oct-2020 104.43 83.01 LU2125116504
A2 Hedged EUR Non-Distributing 10.51 0.00 0.00 22-Oct-2020 10.70 8.25 LU2125116090
A2 Hedged SGD Non-Distributing 11.71 0.00 0.00 22-Oct-2020 11.91 9.13 LU1564328810
A2 Hedged AUD Non-Distributing 10.57 0.00 0.00 22-Oct-2020 10.75 8.26 LU2125116256
A8 Hedged SGD Monthly 11.31 0.00 0.00 22-Oct-2020 11.57 9.13 LU2127175417
A8 Hedged AUD Monthly 10.13 0.00 0.00 22-Oct-2020 10.37 8.26 LU1564328737
A8 Hedged RMB Monthly 103.49 0.00 0.00 22-Oct-2020 106.92 84.09 LU1919856309
A2 USD Non-Distributing 11.45 0.00 0.00 22-Oct-2020 11.64 8.90 LU1564328067
A2 Hedged GBP Non-Distributing 10.51 0.00 0.00 22-Oct-2020 10.70 8.24 LU2125115951

Portfolio Managers

Portfolio Managers

Artur Piasecki
Artur Piasecki
Neeraj Seth
Neeraj Seth
Ronie Ganguly
Ronie Ganguly

Documents

Documents