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

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of 30-Sep-20

- - 0.60 4.45 13.56
  1y 3y 5y 10y Incept.
13.56 6.07 - - 6.55
  YTD 1m 3m 1y 3y 5y 10y Incept.
8.71 0.53 6.40 13.56 19.33 - - 22.32

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

Key Facts

Key Facts

Size of Fund (Millions) as of 30-Oct-20 RMB 22,106.967
12m Trailing Yield as of 30-Sep-20 4.84
Number of Holdings as of 30-Sep-20 553
Base Currency CNH
Fund Launch Date 11-Nov-11
Inception Date 19-Jul-17
Asset Class Fixed Income
Morningstar Category RMB Bond
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.49%
ISIN LU1648248299
Bloomberg Ticker BGRBI3U
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BF0PYV8
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10000000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

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.

MSCI - Controversial Weapons as of 30-Sep-20 0.00%
MSCI - UN Global Compact Violators as of 30-Sep-20 0.00%
MSCI - Nuclear Weapons as of 30-Sep-20 0.00%
MSCI - Thermal Coal as of 30-Sep-20 0.93%
MSCI - Civilian Firearms as of 30-Sep-20 0.00%
MSCI - Oil Sands as of 30-Sep-20 0.00%
MSCI - Tobacco as of 30-Sep-20 0.00%
MSCI Business Involvement % Coverage as of 30-Sep-20 43.88%
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 0.93% and for Oil Sands 0.64%.

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

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for BGF China Bond Fund, Class I3, as of 30-Sep-20 rated against 125 RMB Bond Funds.

Holdings

Holdings

as of 30-Sep-20
Name Weight (%)
YINCHUAN TONGLIAN CAPITAL INVESTME RegS 4.45 06/10/2023 1.59
COASTAL EMERALD LTD RegS 4.3 12/31/2049 1.39
CCCI TREASURE LTD RegS 3.425 12/31/2049 1.29
OVERSEAS CHINESE TOWN (ASIA) HOLDI RegS 4.5 12/31/2049 1.20
GUANGXI FINANCIAL INVESTMENT GROUP RegS 5.75 01/23/2021 1.16
Name Weight (%)
CHENGDU COMMUNICATIONS INVESTMENT RegS 4.75 12/13/2027 1.11
SINO-OCEAN LAND TREASURE IV LTD RegS 4.75 08/05/2029 1.05
CHINA PEOPLES REPUBLIC OF (GOVERNM 3.39 03/16/2050 0.97
CHINA DEVELOPMENT BANK 3 08/07/2023 0.87
HUANENG POWER INTERNATIONAL INC MTN 4.53 12/31/2049 0.86
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
Allocations subject to change.
as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-20

% of Market Value

Type Fund
as of 30-Sep-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 I3 USD Monthly 10.69 0.00 0.00 10.79 9.29 - LU1648248299 - -
Class D4 Hedged GBP Annual 10.07 0.00 0.00 10.31 9.38 - LU2112292177 - -
Class E5 EUR - 10.60 0.03 0.28 10.79 9.85 - LU2038736380 - -
Class I2 Hedged EUR - 10.30 0.00 0.00 10.33 9.38 - LU2112292094 - -
Class A3 USD Monthly 11.02 0.00 0.00 11.12 9.57 - LU0679941673 - -
Class D2 Hedged USD None 10.39 -0.01 -0.10 10.41 9.42 - LU2112292250 - -
Class A2 CNH None 103.61 -0.05 -0.05 103.66 92.99 - LU0679940949 - -
Class A3 HKD Monthly 85.44 0.03 0.04 86.18 74.25 - LU0690034276 - -
Class I4 Hedged GBP - 10.07 -0.01 -0.10 10.32 9.38 - LU2112291872 - -
Class C2 USD None 13.86 0.04 0.29 13.95 11.79 - LU0683062482 - -
Class A3 CNH Monthly 73.72 -0.25 -0.34 74.01 68.07 - LU0679941160 - -
Class I6 CNH Monthly 104.54 -0.55 -0.52 105.38 97.23 - LU1940842344 - -
Class A2 USD None 15.49 0.05 0.32 15.58 13.08 - LU0679941327 - -
Class I2 USD None 19.48 0.06 0.31 19.60 16.40 - LU1588882974 - -
Class X2 Hedged USD - 10.65 0.00 0.00 10.66 9.62 - LU2092937064 - -
Class E5 Hedged EUR - 10.01 -0.01 -0.10 10.14 9.35 - LU2038736463 - -
Class E2 EUR None 16.43 0.05 0.31 16.43 14.96 - LU0764816798 - -
Class D2 Hedged EUR None 10.29 -0.01 -0.10 10.33 9.38 - LU2112292417 - -
Class I2 Hedged USD - 10.41 0.00 0.00 10.42 9.42 - LU2112291955 - -
Class A2 Hedged USD None 10.61 -0.01 -0.09 10.64 9.64 - LU2070343392 - -
Class D2 USD None 15.51 0.05 0.32 15.60 13.07 - LU0719319435 - -
Class A2 CHF None 14.18 0.05 0.35 14.18 12.71 - LU0969580058 - -
Class A6 Hedged CAD Monthly 9.97 -0.05 -0.50 10.13 9.42 - LU2077746696 - -
Class D3 USD Monthly 11.07 0.00 0.00 11.17 9.62 - LU0683067952 - -
Class AI2 EUR - 10.58 0.04 0.38 10.58 9.60 - LU2131808516 - -
Class D2 CNH None 103.75 -0.04 -0.04 103.79 92.91 - LU0827885731 - -
Class A6 Hedged GBP Monthly 9.92 -0.05 -0.50 10.10 9.39 - LU2077746779 - -
Class I6 USD Hedged USD Monthly 10.58 0.00 0.00 10.65 9.84 - LU2134542930 - -
Class A6 Hedged USD Monthly 10.19 -0.05 -0.49 10.33 9.64 - LU1847653141 - -
Class A6 Hedged NZD Monthly 9.96 -0.05 -0.50 10.12 9.39 - LU2077746340 - -
Class D6 CNH - 100.14 -0.04 -0.04 100.18 99.74 - LU2243823916 - -
Class A6 Hedged HKD Monthly 100.11 -0.51 -0.51 101.43 94.46 - LU1963769176 - -
Class AI2 EUR - 10.66 -0.01 -0.09 10.70 9.89 - LU2131808789 - -
Class A6 Hedged EUR Monthly 9.63 -0.05 -0.52 9.87 9.17 - LU1847653224 - -
Class I2 EUR - 16.68 0.05 0.30 16.68 15.10 - LU2011139461 - -
Class A6 Hedged SGD Monthly 10.15 -0.05 -0.49 10.32 9.60 - LU1847653497 - -
Class A6 Hedged AUD Monthly 10.04 -0.06 -0.59 10.25 9.52 - LU1852331039 - -
Class X2 USD - 12.20 0.04 0.33 12.27 10.24 - LU1733225855 - -
Class E2 Hedged EUR None 10.94 -0.01 -0.09 10.99 10.02 - LU0803752129 - -
Class A6 CNH Monthly 105.70 0.01 0.01 106.12 98.27 - LU1852330734 - -

Portfolio Managers

Portfolio Managers

Artur Piasecki
Artur Piasecki
Eric Liu
Eric Liu

Literature

Literature