Fixed Income

BlackRock Premier China US Dollar Bond Fund

IMPORTANT:
• The Fund is subject to credit/insolvency risk of the issuer of the fixed income securities and unsecured bonds. Investment grade securities invested by the Fund is subject to credit rating downgrading risk. The Fund’s investments in sovereign debt securities may be exposed to economic, political, default or other risks. An increase in interest rates may adversely affect the value of the fixed income securities held by the Fund. The Fund may invest in below investment grade and unrated bonds that may be subject to higher default, volatility, valuation and liquidity risks.  
• The Fund invests primarily in China USD bonds. This may result in greater volatility than a more diverse portfolio of investments. The Fund invests primarily in fixed income securities associated with Mainland China, which may be subject to greater liquidity and volatility than more developed markets, and may involve in greater currency, political, economic, taxation, settlement and custody risks. The Fund is subject to liquidity risk, contingent convertible bonds risk, currency risk and currency conversion risk including Renminbi denominated Classes.
Class 6 Units pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Units pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from unit 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 units 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 unit class on the ex-dividend date.
• 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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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  2019 2020 2021 2022 2023
Total Return (%) -9.82 3.71

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
7.56 -0.22 - - -0.60
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.12 0.22 0.87 3.76 7.56 -0.65 - - -1.85
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.

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 on the right for the inception date of the Fund and the Share Class.

Key Facts

Key Facts

Net Assets of Fund
as of 10-Dec-2024
USD 27,891,581
Fund Inception
20-Aug-2019
Fund Base Currency
USD
Initial Charge
3.00%
Management Fee (incl Distribution Fee, if any)
1.00%
Distribution Frequency
Monthly
Morningstar Category
-
SEDOL
BN120X8
Share Class Inception Date
25-Oct-2021
Share Class Currency
CAD
Asset Class
Fixed Income
ISIN
HK0000786001
Performance Fee
-
Domicile
Hong Kong
Bloomberg Ticker
BLUDBAC HK
SFC-authorised ESG fund
No
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Oct-2024
175
Standard Deviation (3y)
as of 30-Nov-2024
4.19%
Modified Duration
as of 29-Nov-2024
2.00 yrs
Effective Duration
as of 29-Nov-2024
1.99
WAL to Worst
as of 29-Nov-2024
3.65
12M Trailing Distribution
as of -
-
Yield to Maturity
as of 29-Nov-2024
6.03
Yield to Worst
as of 29-Nov-2024
5.66
Weighted Avg Maturity
as of 29-Nov-2024
3.65

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) 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. 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 29-Nov-2024
0.00%
MSCI - Nuclear Weapons
as of 29-Nov-2024
0.00%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.00%
MSCI - Tobacco
as of 29-Nov-2024
0.00%
MSCI - UN Global Compact Violators
as of 29-Nov-2024
0.00%
MSCI - Thermal Coal
as of 29-Nov-2024
0.00%
MSCI - Oil Sands
as of 29-Nov-2024
0.00%

Business Involvement Coverage
as of 29-Nov-2024
67.13%
Percentage of Fund not covered
as of 29-Nov-2024
32.88%
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 0.00% and for Oil Sands 2.91%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Ratings

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
CHINA HUANENG GROUP (HONG KONG) TREASURY MANAGEMENT HOLDING LTD 4.05
ALIBABA GROUP HOLDING LTD 3.78
XIAOMI BEST TIME INTERNATIONAL LTD 3.15
JOY TREASURE ASSETS HOLDINGS INC 2.24
SINOPEC GROUP OVERSEAS DEVELOPMENT 2018 LTD 2.15
Name Weight (%)
CHINA CINDA (2020) I MANAGEMENT LTD 2.00
CHINA MODERN DAIRY HOLDINGS LTD 1.88
CHINA RESOURCES LAND LTD 1.82
FAR EAST HORIZON LTD 1.77
PEAK RE BVI HOLDING LTD 1.77
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 29-Nov-2024

% of Weight

Type Fund
as of 29-Nov-2024

% of Weight

Type Fund
as of 29-Nov-2024

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A6 Hedged CAD Monthly 8.45 -0.01 -0.06 10-Dec-2024 8.57 8.32 HK0000786001
A6 USD Monthly 7.88 0.00 -0.06 10-Dec-2024 7.97 7.68 HK0000506581
A6 Hedged EUR Monthly 8.07 -0.01 -0.07 10-Dec-2024 8.19 8.01 HK0000786043
A6 Hedged GBP Monthly 8.42 -0.01 -0.06 10-Dec-2024 8.52 8.25 HK0000786019
A2 USD - 10.29 -0.01 -0.06 10-Dec-2024 10.30 9.48 HK0000506573
A6 Hedged NZD Monthly 8.55 -0.01 -0.06 10-Dec-2024 8.66 8.36 HK0000786027
A6 Hedged HKD Monthly 83.28 -0.06 -0.07 10-Dec-2024 84.42 82.18 HK0000786035
A8 Hedged CNY Monthly 76.47 -0.08 -0.10 10-Dec-2024 77.38 75.35 HK0000506599
A6 Hedged AUD Monthly 8.27 -0.01 -0.07 10-Dec-2024 8.38 8.16 HK0000785995

Portfolio Managers

Portfolio Managers

Yii Hui Wong
Yii Hui Wong
Suanjin Tan
Suanjin Tan

Documents

Documents