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.

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Performance

Performance

  From
30-Jun-2015
To
30-Jun-2016
From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
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 30-Jun-20

-2.70 4.76 5.59 5.44 3.26

The figures shown relate to past performance. Past performance is not a reliable indicator of current or 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 Share Class 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

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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 17-Sep-20 RMB 14,576.906
Base Currency CNH
Fund Launch Date 11-Nov-11
Inception Date 11-Nov-11
Asset Class Fixed Income
Morningstar Category RMB Bond
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0679941673
Bloomberg Ticker BGRBA3U
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B765G10
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. 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.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’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.

Business Involvement exposures shown above for Thermal Coal and Oil Sands are calculated and reported for issuers within the fund that generate more than 5% of revenue from thermal coal mining or oil sands extraction, as defined by MSCI ESG Research. For the exposure to issuers within the fund that generate any revenue from thermal coal mining or oil sands extraction (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.24% and for Oil Sands 0.76%.

Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research 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.

Risk Indicator

Risk Indicator

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3
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7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF China Bond Fund, Class A3, as of 31-Aug-20 rated against 130 RMB Bond Funds.

Holdings

Holdings

as of 31-Aug-20
Name Weight (%)
YINCHUAN TONGLIAN CAPITAL INVESTME RegS 4.45 06/10/2023 2.22
CCCI TREASURE LTD RegS 3.425 12/31/2049 1.54
WEIBO CORP 3.375 07/08/2030 1.46
COASTAL EMERALD LTD RegS 4.3 12/31/2049 1.27
SINO-OCEAN LAND TREASURE IV LTD RegS 4.75 08/05/2029 1.25
Name Weight (%)
OVERSEAS CHINESE TOWN (ASIA) HOLDI RegS 4.5 12/31/2049 1.16
CHENGDU COMMUNICATIONS INVESTMENT RegS 4.75 12/13/2027 1.06
CHOUZHOU INTERNATIONAL INVESTMENT RegS 4 02/18/2025 0.96
LANDMARK FUNDING 2019 LTD RegS 4.5 03/26/2022 0.86
GUANGXI FINANCIAL INVESTMENT GROUP RegS 5.75 01/23/2021 0.85
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-20

% of Market Value

Type Fund
as of 31-Aug-20

% of Market Value

Type Fund
as of 31-Aug-20

% of Market Value

Type Fund
Allocations subject to change.
as of 31-Aug-20

% of Market Value

Type Fund
as of 31-Aug-20

% of Market Value

Type Fund
as of 31-Aug-20

% 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 A3 USD Monthly 10.91 -0.02 -0.18 10.93 9.57 - LU0679941673 - -
Class E2 EUR None 16.01 0.03 0.19 16.23 14.96 - LU0764816798 - -
Class E5 EUR - 10.42 0.02 0.19 10.79 9.85 - LU2038736380 - -
Class D2 Hedged USD None 10.38 0.00 0.00 10.41 9.42 - LU2112292250 - -
Class I6 CNH Monthly 105.04 0.02 0.02 105.38 97.23 - LU1940842344 - -
Class X2 Hedged USD - 10.63 0.01 0.09 10.66 9.62 - LU2092937064 - -
Class I4 Hedged GBP - 10.06 0.00 0.00 10.32 9.38 - LU2112291872 - -
Class A2 Hedged USD None 10.60 0.00 0.00 10.64 9.64 - LU2070343392 - -
Class E5 Hedged EUR - 10.10 0.00 0.00 10.14 9.35 - LU2038736463 - -
Class A3 CNH Monthly 73.84 0.01 0.01 74.01 68.07 - LU0679941160 - -
Class A3 HKD Monthly 84.59 -0.08 -0.09 84.67 74.25 - LU0690034276 - -
Class I2 Hedged USD - 10.39 0.00 0.00 10.42 9.42 - LU2112291955 - -
Class I3 USD Monthly 10.59 -0.01 -0.09 10.60 9.29 - LU1648248299 - -
Class D4 Hedged GBP Annual 10.05 0.00 0.00 10.31 9.38 - LU2112292177 - -
Class A2 CNH None 103.16 0.02 0.02 103.41 92.99 - LU0679940949 - -
Class D2 Hedged EUR None 10.29 0.00 0.00 10.33 9.38 - LU2112292417 - -
Class I2 Hedged EUR - 10.29 0.00 0.00 10.33 9.38 - LU2112292094 - -
Class A2 USD None 15.25 -0.01 -0.07 15.26 13.08 - LU0679941327 - -
Class I2 USD None 19.17 -0.02 -0.10 19.19 16.40 - LU1588882974 - -
Class C2 USD None 13.67 -0.01 -0.07 13.68 11.79 - LU0683062482 - -
Class A6 Hedged GBP Monthly 10.00 0.00 0.00 10.10 9.39 - LU2077746779 - -
Class A6 Hedged USD Monthly 10.28 0.00 0.00 10.33 9.64 - LU1847653141 - -
Class I6 USD Hedged USD Monthly 10.61 0.00 0.00 10.65 9.84 - LU2134542930 - -
Class AI2 EUR - 10.30 0.02 0.19 10.30 9.60 - LU2131808516 - -
Class A6 Hedged CAD Monthly 10.05 0.00 0.00 10.13 9.42 - LU2077746696 - -
Class D3 USD Monthly 10.96 -0.01 -0.09 10.97 9.62 - LU0683067952 - -
Class A6 Hedged NZD Monthly 10.04 0.00 0.00 10.12 9.39 - LU2077746340 - -
Class D2 USD None 15.26 -0.02 -0.13 15.28 13.07 - LU0719319435 - -
Class A6 Hedged AUD Monthly 10.13 0.00 0.00 10.26 9.52 - LU1852331039 - -
Class A6 Hedged EUR Monthly 9.73 0.00 0.00 9.95 9.17 - LU1847653224 - -
Class D2 CNH None 103.26 0.03 0.03 103.48 92.91 - LU0827885731 - -
Class A2 CHF None 13.88 0.03 0.22 13.88 12.71 - LU0969580058 - -
Class X2 USD - 12.00 -0.01 -0.08 12.01 10.24 - LU1733225855 - -
Class I2 EUR - 16.23 0.03 0.19 16.36 15.10 - LU2011139461 - -
Class A6 Hedged SGD Monthly 10.24 0.00 0.00 10.32 9.60 - LU1847653497 - -
Class E2 Hedged EUR None 10.94 0.00 0.00 10.99 10.02 - LU0803752129 - -
Class AI2 EUR - 10.66 0.00 0.00 10.70 9.89 - LU2131808789 - -
Class A6 CNH Monthly 105.73 0.02 0.02 106.12 98.27 - LU1852330734 - -

Portfolio Managers

Portfolio Managers

Artur Piasecki
Artur Piasecki
Eric Liu
Eric Liu

Literature

Literature