BlackRock Global Funds - US Dollar High Yield Bond Fund A3 MDis AUD (Hedged)

貝萊德全球基金 - 美元高收益債券基金 A3類 MDis 澳元 (對沖)

LU0578942376

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.

Dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

AUD

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
+0.19%
3 mth
+2.11%
6 mth
+3.32%
1 yr
+7.96%
3 yr
+18.10%
5 yr
+25.29%

Analytical Figures (3 years)

Annualized Return
+5.70%
Annualized Volatility
+10.47%
Sharpe Ratio
+0.08

Fund Information

Fund Houses
BlackRock Asset Management North Asia Limited
Launch Date
1993-10-28
Fund Manager
James Keenan
Mitchell S. Garfin
David Delbos
Manager Start Date
James Keenan (Start Date: 2007-06-01) Mitchell S. Garfin (Start Date: 2009-05-01) David Delbos (Start Date: 2015-02-18)
Geographical Focus
US
Asset Class/ Sector
Fixed Income - High yield
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 2019-10-30)
USD 2,145,031,205.827
Management Fee
1.25%
Latest Dividend
AUD 0.042100 (2019-10-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD4,000.00Min. Subscription

1.25%

HKD4,000.00Min. Subscription

AUD

HKD4,000.00Min. Subscription

HKD4,000.00

HKD4,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (AUD)
2019-10-300.042100
2019-09-290.042200
2019-08-290.044200
2019-07-300.045900
2019-06-270.040000
2019-05-300.048099
2019-04-290.046321
2019-03-280.042597
2019-02-270.042842
2019-01-300.045267
2018-12-300.046441
2018-11-290.046670
2018-10-300.049529
2018-09-270.041699
2018-08-300.048179
2018-07-300.048073
2018-06-280.045745
2018-05-300.047533
2018-04-290.048477
2018-03-280.042437
2018-02-270.040227
2018-01-300.045378
2017-12-280.041252
2017-11-290.044675
2017-10-300.046361
2017-09-280.041255
2017-08-300.045990
2017-07-300.045289
2017-06-290.044092
2017-05-300.051461
2017-04-270.043375
2017-03-300.048360
2017-02-270.044046
2017-01-300.048473
2016-12-290.048804
2016-11-290.046754
2016-10-300.043619
2016-09-290.043071
2016-08-300.047895
2016-07-280.042089
2016-06-290.044602
2016-05-300.046208
2016-04-280.039673
2016-03-300.042532
2016-02-280.040528
2016-01-280.039055
2015-12-300.042535
2015-11-290.043191
2015-10-290.040683
2015-09-290.042694
2015-08-300.043875
2015-07-300.042436
2015-06-290.043445
2015-05-280.040464
2015-04-290.042727
2015-03-300.044775
2015-02-260.039261
2015-01-290.042185
2014-12-300.047155
2014-11-270.038995
2014-10-300.043059
2014-09-290.044449
2014-08-280.035037
2014-07-300.038859
2014-06-290.040381
2014-05-290.039543
2014-04-290.043835
2014-03-300.045763
2014-02-270.041625
2014-01-300.047775
2013-12-300.047414
2013-11-280.041693
2013-10-300.043913
2013-09-290.045101
2013-08-290.044517
2013-07-300.048149
2013-06-270.043219
2013-05-300.050417
2013-04-290.050252
2013-03-270.043307
2013-02-270.044289
2013-01-300.047404
2012-12-300.046899
2012-11-290.047335
2012-10-300.050678
2012-09-270.041333
2012-08-300.048420
2012-07-300.051479
2012-06-280.050001
2012-05-300.054530
2012-04-290.051096
2012-03-290.050582
2012-02-280.044213
2012-01-300.049632
2011-12-290.047057
2011-11-290.045531
2011-10-300.048348
2011-09-290.048636
2011-08-300.057252
2011-07-280.048153
2011-06-290.050170
2011-05-300.052116
2011-04-280.046160
2011-03-300.039050

Investment Objective

To maximise total return by investing at least 70% of the Fund’s assets in high yield bonds (including non-investment grade*) denominated in US dollars.

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. 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.
3. Interest Rate Risks
An increase in interest rates may adversely affect the value of the bonds held by the Fund.
4. Non-Investment Grade/Unrated Bonds Risks
Investment in non-investment grade or unrated bonds, including sovereign debts, may subject the Fund to higher credit/default risks. If the issuer of the non-investment grade or unrated bond defaults, or if the non-investment grade or unrated bonds fall in value, investors may suffer significant losses.
Non-investment grade or unrated bonds tend to be less liquid and more volatile, and the market for these bonds is generally less liquid and more volatile, than higher rated fixedincome securities. Adverse events or market conditions may have a larger negative impact on the prices of non-investment grade or unrated bonds than on higher rated fixed-income securities. Such securities are also subject to a greater risk of loss of principal and interest than higher rated fixed-income securities.
5. 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.
The Investment Adviser may utilise techniques and instruments (e.g. currency overlays) in relation to currencies other than the base currency with the aim of generating positive returns. Any active currency management techniques implemented by the Fund may not be correlated with the underlying securities held by the Fund. As a result, the Fund may suffer significant losses even if there is no loss to the value of the underlying securities held by the Fund.
6. 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.
7. Derivatives Risks
In an adverse situation, if the use of derivatives for hedging and efficient portfolio management becomes ineffective, the Fund may suffer significant losses.
8. Distressed Securities Risks
Investment in securities issued by a company that is in financial difficulty or in default involves significant risk. There is no guarantee that any exchange offer or reorganisation will be successfully completed.
9. 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.
10. 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 failure of or delay in repayment.
11. Capital Growth Risks
Risks Associated with Fees and/or Dividends Paid Out of Capital
Any distributions involving payment of dividends out of capital (Classes 6 and 8), payment of dividends out of gross income (i.e. payment of fees and expenses out of capital) (Classes 6 and 8) or payment of implied interest rate differentials arising from share class currency hedging as dividends (Class 8) amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Whilst all dividends paid result in an immediate reduction of the net asset value per share, these share classes may pay larger dividends (i.e. by paying dividends out of capital, gross income or interest rate differentials arising from share class currency hedging gains (if any)), which may therefore result in a larger reduction in the net asset value per share.
Payment of Dividends From Implied Interest Rate Differentials
For Distributing (R) Shares (Class 8), any dividends payable may include interest rate differentials arising from share class currency hedging gains/losses which may increase/ decrease dividends paid. Shareholders of such Distributing (R) Shares will forego capital gains as any currency hedging gains are distributed rather than added to capital. Conversely, currency hedging losses may decrease the dividends paid, and in extreme cases may deduct from capital.
12. 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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Hotline

852
3896 3896

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North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

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