Fixed Income

BlackRock Premier Global Investment Grade Bond Fund

IMPORTANT:
•The Fund is subject to credit/ insolvency risk of the issuer of the fixed income securities. Investment grade securities invested by the Fund is subject to credit rating downgrading risk. The fund may invest in illiquid securities or when the current market becomes illiquid, it could reduce the return of The Fund. The Fund may invest in fixed income securities that may be subject to higher interest, valuation and credit rating risks.
•The Fund invests in certain emerging markets and may be subject to higher political, tax, economic, social and foreign exchange risks.
•The Fund is subject to currency risk, currency conversion risk including Renminbi denominated Classes and capital growth risks.
•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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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  2020 2021 2022 2023 2024
Total Return (%) -10.27 3.14 5.74

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

  1y 3y 5y 10y Incept.
5.02 0.10 - - -0.99
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
0.11 0.11 0.28 1.95 5.02 0.31 - - -3.20
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.
The Fund changed its investment policy and objective on 12 February 2025. Prior to this performance of the Fund was achieved under circumstances that no longer apply.

Key Facts

Key Facts

Net Assets of Fund
as of 14-Feb-2025
USD 26,332,273
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
BN12102
Share Class Inception Date
25-Oct-2021
Share Class Currency
HKD
Asset Class
Fixed Income
ISIN
HK0000786035
Performance Fee
-
Domicile
Hong Kong
Bloomberg Ticker
BLUDBAK 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-Jan-2025
145
Standard Deviation (3y)
as of 31-Jan-2025
4.03%
Modified Duration
as of 31-Jan-2025
1.83 yrs
Effective Duration
as of 31-Jan-2025
1.81
WAL to Worst
as of 31-Jan-2025
3.23
12M Trailing Distribution
as of -
-
Yield to Maturity
as of 31-Jan-2025
5.51
Yield to Worst
as of 31-Jan-2025
5.12
Weighted Avg Maturity
as of 31-Jan-2025
3.23

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 31-Jan-2025
0.00%
MSCI - Nuclear Weapons
as of 31-Jan-2025
0.00%
MSCI - Civilian Firearms
as of 31-Jan-2025
0.00%
MSCI - Tobacco
as of 31-Jan-2025
0.00%
MSCI - UN Global Compact Violators
as of 31-Jan-2025
0.00%
MSCI - Thermal Coal
as of 31-Jan-2025
0.00%
MSCI - Oil Sands
as of 31-Jan-2025
0.00%

Business Involvement Coverage
as of 31-Jan-2025
67.86%
Percentage of Fund not covered
as of 31-Jan-2025
32.25%
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 3.19%.

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 31-Jan-2025
Name Weight (%)
CHINA HUANENG GROUP (HONG KONG) TREASURY MANAGEMENT HOLDING LTD 4.27
ALIBABA GROUP HOLDING LTD 3.95
XIAOMI BEST TIME INTERNATIONAL LTD 3.30
JOY TREASURE ASSETS HOLDINGS INC 2.33
SINOPEC GROUP OVERSEAS DEVELOPMENT 2018 LTD 2.28
Name Weight (%)
CHINA CINDA (2020) I MANAGEMENT LTD 2.12
CHINA MODERN DAIRY HOLDINGS LTD 2.00
PEAK RE BVI HOLDING LTD 1.91
FAR EAST HORIZON LTD 1.90
OCEAN LAUREL CO LIMITED 1.68
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 31-Jan-2025

% of Weight

Type Fund
as of 31-Jan-2025

% of Weight

Type Fund
Allocations are subject to change. Source: BlackRock
as of 31-Jan-2025

% of Weight

Type Fund
as of 31-Jan-2025

% 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
A10 Hedged HKD Monthly 82.96 0.08 0.09 14-Feb-2025 84.42 82.43 HK0000786035
A2 Hedged CNH - 100.44 0.09 0.09 14-Feb-2025 100.44 100.00 HK0001091443
A10 Hedged CNY Monthly 76.21 0.07 0.09 14-Feb-2025 77.38 75.60 HK0000506599
A10 USD Monthly 7.86 0.01 0.10 14-Feb-2025 7.97 7.74 HK0000506581
A2 CNH - 99.56 -0.42 -0.42 14-Feb-2025 100.00 99.56 HK0001091435
A2 USD - 10.37 0.01 0.10 14-Feb-2025 10.37 9.68 HK0000506573

Portfolio Managers

Portfolio Managers

Max Huefner
Max Huefner
Daniel Chen
Daniel Chen
Raymond Chia
Raymond Chia

Documents

Documents