BlackRock Global Funds - US Government Mortgage Fund A3 MDis USD

貝萊德全球基金 - 美國政府房貸債券基金 A3類 MDis 美元

LU0172418690

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing HoursComplex

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD4,000.00Min. Subscription

0.75%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.39%
3 mth
+1.12%
6 mth
+1.59%
1 yr
+6.08%
3 yr
+7.57%
5 yr
+9.03%

Analytical Figures (3 years)

Annualized Return
+2.46%
Annualized Volatility
+2.14%
Sharpe Ratio
+0.38

Fund Information

Fund Houses
BlackRock Asset Management North Asia Limited
Launch Date
1985-08-01
Fund Manager
Akiva Dickstein
Matthew Kraeger
Bob Miller
Manager Start Date
Akiva Dickstein (Start Date: 2009-11-01) Matthew Kraeger (Start Date: 2009-11-01) Bob Miller (Start Date: 2012-11-14)
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2020-01-30)
USD 124,383,529.33
Management Fee
0.75%
Latest Dividend
USD 0.026200 (2020-01-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD4,000.00Min. Subscription

0.75%

HKD4,000.00Min. Subscription

USD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (USD)
2020-01-300.026200
2019-12-300.031600
2019-11-280.025300
2019-10-300.024400
2019-09-290.023700
2019-08-290.024500
2019-07-300.023700
2019-06-270.023684
2019-05-300.029958
2019-04-290.030472
2019-03-280.026453
2019-02-270.029711
2019-01-300.029325
2018-12-300.027995
2018-11-290.033040
2018-10-300.029096
2018-09-270.027583
2018-08-300.025854
2018-07-300.027243
2018-06-280.028231
2018-05-300.025479
2018-04-290.027783
2018-03-280.027203
2018-02-270.027637
2018-01-300.026193
2017-12-280.023400
2017-11-290.025452
2017-10-300.023915
2017-09-280.023836
2017-08-300.024804
2017-07-300.023514
2017-06-290.024615
2017-05-300.024502
2017-04-270.022725
2017-03-300.023114
2017-02-270.024083
2017-01-300.023071
2016-12-290.021806
2016-11-290.023384
2016-10-300.021607
2016-09-290.022599
2016-08-300.025597
2016-07-280.021148
2016-06-290.024537
2016-05-300.023867
2016-04-280.026178
2016-03-300.023551
2016-02-280.024167
2016-01-280.024677
2015-12-300.024762
2015-11-290.025942
2015-10-290.021319
2015-09-290.020499
2015-08-300.024028
2015-07-300.024739
2015-06-290.027660
2015-05-280.017182
2015-04-290.021449
2015-03-300.025117
2015-02-260.025589
2015-01-290.028107
2014-12-300.027525
2014-11-270.021773
2014-10-300.023896
2014-09-290.030761
2014-08-280.026257
2014-07-300.031733
2014-06-290.034561
2014-05-290.028017
2014-04-290.037747
2014-03-300.033185
2014-02-270.033274
2014-01-300.032551
2013-12-300.033748
2013-11-280.028694
2013-10-300.029326
2013-09-290.035330
2013-08-290.032871
2013-07-300.041673
2013-06-270.032920
2013-05-300.032451
2013-04-290.035384
2013-03-270.023316
2013-02-270.026317
2013-01-300.029135
2012-12-300.027458
2012-11-290.025075
2012-10-300.024503
2012-09-270.020412
2012-08-300.019096
2012-07-300.021071
2012-06-280.018007
2012-05-300.015357
2012-04-290.021025
2012-03-290.023405
2012-02-280.021143
2012-01-300.018607
2011-12-290.017356
2011-11-290.018696
2011-10-300.015086
2011-09-290.016863
2011-08-300.018280
2011-07-280.016687
2011-06-290.018998
2011-05-300.016178
2011-04-280.012118
2011-03-300.010839
2011-02-270.014134
2011-01-300.019602
2010-12-300.020902
2010-11-290.026646
2010-10-280.028565
2010-09-290.028031
2010-08-300.024900
2010-07-290.017855
2010-06-290.014506
2010-05-300.018973
2010-04-290.024693
2010-03-300.030515
2010-02-250.023949
2010-01-280.026242
2009-12-300.022218
2009-11-290.028237
2009-10-290.025221
2009-09-290.026172
2009-08-300.036665
2009-07-300.034773
2009-06-290.035836
2009-05-280.032851
2009-04-290.027194
2009-03-300.027606
2009-02-260.030920
2009-01-290.021657
2008-12-300.020500
2008-11-270.030488
2008-10-300.015556
2008-09-290.027101
2008-08-280.039326
2008-07-300.091339
2008-06-290.045331
2008-05-290.045288
2008-04-290.047662
2008-03-300.033620
2008-02-280.028024
2008-01-300.031548
2007-12-300.034051
2007-11-290.035768
2007-10-300.040400
2007-09-270.010017
2007-08-300.064401
2007-07-300.058089
2007-06-280.031504
2007-05-300.028900
2007-04-290.024964
2007-03-290.031734
2007-02-270.028100
2007-01-300.035416
2006-12-280.032240
2006-11-290.027131
2006-10-300.033478
2006-09-280.036691
2006-08-300.030573
2006-07-300.015600
2006-06-290.020600
2006-05-300.033400
2006-04-270.028800
2006-03-300.033800
2006-02-270.027300
2006-01-300.033700
2005-12-290.031200
2005-11-290.030600
2005-10-300.034600
2005-09-290.033700
2005-08-300.028500
2005-07-250.025100
2005-06-290.030700
2005-05-290.035900
2005-04-280.032500
2005-03-300.031300
2005-02-270.032200
2005-01-300.031700
2004-12-300.026200
2004-11-290.030700
2004-10-280.027900
2004-09-290.027500
2004-08-300.028300
2004-07-290.025600
2004-06-290.030600
2004-05-270.024700
2004-04-290.027400
2004-03-300.029700
2004-02-260.032200
2004-01-290.039330
2003-12-300.043700
2003-11-270.032600
2003-10-300.028530
2003-09-290.029890

Investment Objective

To achieve a high level of income by investing at least 80% of the Fund’s assets in US dollar denominated bonds and mortgage-backed securities (“MBS”) issued or guaranteed by the US Government, its agencies or instrumentalities.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment Risks
The Fund is an investment fund. The Fund’s investment portfolio may fall in value due to any of the risk factors below and therefore your investment in the Fund may suffer losses.
2. Risks Associated with Investments in ABS and MBS
The obligations associated with these securities may be subject to greater credit, liquidity and interest rate risk compared to other fixed income securities such as government issued bonds.
ABS and MBS are often exposed to extension risk (where obligations in the underlying assets are not paid on time) and prepayment risks (where obligations on the underlying assets are paid earlier than expected). These risks may have a substantial impact on the timing and size of the cashflows paid by the securities and may negatively impact the returns of the securities.
3. Credit Risks
The Fund may be exposed to the credit/default risk of bonds that it invests in. In the event of bankruptcy or default of an issuer, the Fund may experience losses and incur costs.
The actual or perceived downgrading of a rated debt security or its issuers could decrease its value and liquidity, and may have an adverse impact on the Fund, however, the Fund may continue to hold it to avoid a distressed sale.
4. Interest Rate Risks
An increase in interest rates may adversely affect the value of the bonds held by the Fund.
5. Sovereign Debt Risks
Investment in bonds issued or guaranteed by governments or authorities may involve political, economic, default, or other risks, which may in turn have an adverse impact on the Fund. Due to these factors, the sovereign issuers may not be able or willing to repay the principal and/or interest when due.
Holders of defaulting sovereign debt may be requested to participate in the restructuring of such debt. In addition, there may be limited legal recourses available against the sovereign issuer in case of or delay in repayment.
6. Capital Growth Risks
Risks Associated with Income-generating Investment Strategy
The Fund pursues an investment strategy in order to generate income which may reduce the potential for capital growth and future income of the Fund.
7. Currency Risks
The Fund may invest in assets denominated in a currency other than the base currency of the Fund. Changes in exchange rates between such currency and the base currency and changes in exchange rate controls may adversely affect the value of the Fund’s assets.
8. Delayed Delivery Transactions Risks
TBAs may involve counterparty default risk and a risk that the agreed (fixed) price is higher than the prevailing market price at the settlement date. These may have an adverse impact on the value of the Fund.
9. Derivatives Risks
Risks associated with derivatives include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and market risk. The leverage effect of derivatives can result in a loss significantly greater than the amount invested and extensive exposure to derivatives may lead to a significant loss by the Fund.
The Fund may have commitment leverage of more than 100% of its net asset value. This may magnify the potential impact of any negative change in the value of underlying assets on the Fund and may also increase the volatility of the Fund’s price and may lead to significant losses.
Certain derivatives such as derivatives on currencies, inflation and indices may be uncorrelated with the underlying securities held by the Fund. In this regard the Fund may suffer significant losses notwithstanding that there may be no loss in respect of the underlying securities positions (predominantly fixed income securities) held by the Fund.
10. Geographical Concentration Risks
The Fund’s investments are concentrated in the US. This may result in greater volatility than more broad-based investments. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the US.
11. Securities Lending Risks
When engaging in securities lending, the Fund will have a credit risk exposure to the counterparties to any securities lending contract. Fund investments can be lent to counterparties over a period of time. A default by the counterparty combined with a fall in the value of the collateral below that of the value of the securities lent may result in a reduction in the value of the Fund.

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852
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