Multi Asset

BlackRock Premier Dynamic High Income Fund

IMPORTANT:
• BlackRock Premier Funds - Dynamic High Income Fund (the “Fund”) is a feeder fund that invests in the sub-fund of BlackRock Global Funds – Dynamic High Income Fund (the “Underlying Scheme”). Risks associated to the Underlying Scheme may have negative impact to the Fund’s value. The Fund’s performance may deviate from the Underlying Scheme’s performance due to fees, expenses and holdings in investments other than the Underlying Scheme. Additional fees charged by the service providers of the Underlying Scheme may be involved. There can be no assurance that the Underlying Scheme will have sufficient liquidity to meet redemption requests; and the investment objectives and strategies will be achieved. RMB may subject to devaluation, which may adversely affect the value in the RMB class(es) of the Fund. Offshore RMB in Hong Kong (“CNH”) will be used in calculating the value of the RMB class(es), which may have signification bid and offer spreads since the CNH rate may be at a premium or discount to the exchange rate for CNY due to independent operation and separate markets. The Manager has the absolute discretion to delay payment of redemption requests from the RMB class(es) as RMB is not freely convertible. The payment of distributions in RMB may be delayed due to RMB’s exchange controls and restrictions. 
• The Underlying Scheme follows a dynamic asset allocation strategy and may incur greater transaction costs when rebalanced periodically. The Underlying Scheme 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 Underlying Scheme. The Underlying Scheme may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Underlying Scheme invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks. The Underlying Scheme's investments in equities could incur significant losses due to higher fluctuation of equity values. The Underlying Scheme invests in asset / mortgage backed securities that may be subject to greater credit, liquidity, and interest rate risks and are often exposed to extension and prepayment risks. The Underlying Scheme's income-generating investment strategy may reduce the potential for capital growth and future income of the Underlying Scheme. 
• The Underlying Scheme may invest in assets denominated in various currencies. Changes in exchange rates and currency controls may affect the value of the Underlying Scheme for the Fund’s assets. The Underlying Scheme is subject to risks associated with preference shares, emerging market risk, securities lending counterparty risk, foreign investments restrictions risk and contingent convertible bonds risk. 
Class 6 Units pay dividends gross of expenses and/or from capital at the Managers’ discretion. Class 8 Units pay dividends gross of expenses and/or from capital at the Managers’ 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 Fund may use derivatives for investment and hedging purposes. However, usage of derivatives will not be extensive. The Fund may suffer losses from their 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

Chart

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Distributions

Record Date Ex-Date Payable Date
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  2019 2020 2021 2022 2023
Total Return (%) 13.16

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

  1y 3y 5y 10y Incept.
16.71 - - - 4.44
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
11.89 2.52 3.15 8.44 16.71 - - - 12.10
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 11-Dec-2024
USD 1,073,652
Fund Inception
13-Apr-2022
Fund Base Currency
USD
Initial Charge
3.00%
Management Fee (incl Distribution Fee, if any)
1.50%
Distribution Frequency
Monthly
Morningstar Category
-
SEDOL
BNQNVT9
Share Class Inception Date
13-Apr-2022
Share Class Currency
USD
Asset Class
Multi Asset
ISIN
HK0000819448
Performance Fee
-
Domicile
Hong Kong
Bloomberg Ticker
BDHIA6U 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
9
Standard Deviation (3y)
as of -
-
P/B Ratio
as of 29-Nov-2024
2.89
Modified Duration
as of 29-Nov-2024
1.30 yrs
Weighted Avg Maturity
as of 29-Nov-2024
1.39
12M Trailing Distribution
as of -
-
P/E Ratio
as of 29-Nov-2024
19.36
Yield to Maturity
as of 29-Nov-2024
15.66
Effective Duration
as of 29-Nov-2024
0.85

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
0.08%
MSCI - Nuclear Weapons
as of 29-Nov-2024
0.34%
MSCI - Civilian Firearms
as of 29-Nov-2024
0.02%
MSCI - Tobacco
as of 29-Nov-2024
0.80%
MSCI - UN Global Compact Violators
as of 29-Nov-2024
0.21%
MSCI - Thermal Coal
as of 29-Nov-2024
0.00%
MSCI - Oil Sands
as of 29-Nov-2024
0.05%

Business Involvement Coverage
as of 29-Nov-2024
74.54%
Percentage of Fund not covered
as of 29-Nov-2024
25.46%
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 0.04% and for Oil Sands 0.67%.

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

Ratings

Holdings

Holdings

as of 29-Nov-2024
Name Weight (%)
BGF DYNAMIC HIGH INC FD X2 USD 100.00
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
Allocations are subject to change. Source: BlackRock
as of 29-Nov-2024

% of Weight

Type Fund
Allocations subject to change. Due to rounding, the total may not be equal to 100%.
Sorry, maturities are not available at this time.
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 USD Monthly 9.31 0.00 0.00 11-Dec-2024 9.38 8.67 HK0000819448
A6 Hedged HKD Monthly 90.53 0.00 0.00 11-Dec-2024 91.29 85.54 HK0000819455
A2 USD - 11.19 0.00 0.00 11-Dec-2024 11.24 9.70 HK0000819430
A8 Hedged CNH Monthly 90.09 -0.05 -0.06 11-Dec-2024 90.66 84.18 HK0000819463

Portfolio Managers

Portfolio Managers

Justin Christofel, CFA, CAIA
Managing Director

  

Alex Shingler, CFA
Managing Director

  

Documents

Documents