blackrock asian tiger bond fund (2)

8/8/2019 BlackRock Asian Tiger Bond Fund (2)

1/2

Asian Tiger Bond FundPerformance to 30 September 2010

Bond Fund

HighLow

Risk GradingNot For Use As a Public Offer

Fund DataStatus Sub-FundofLuxembourgSICAVFund Manager ImranHussain/AndrewGordonLaunch Date 02.02.1996

Base Currency US$Additional Dealing Currencies SGDBenchmark JPMAsian Credit Index (JACI)Morningstar Sector Fixed Income Asia Pacific exJapanTotal Fund Size (m) US$916.7Average Maturity (years) 6.8Average Duration (years) 3.8Average Yield to Maturity (%) 3.9

Codes

L1049F245CUSIPLU0063729296ISIN

Bloomberg Equity Ticker MERATAALXReuters Page Id 006372929X.LU

430189Swiss Valoren Number

Dealing & PricesDealing Information

Trading Frequency Daily,forward pricing basisSettlement Trade date + 3days

Fees %Initial Charge (A shares) 5Annual ManagementFee(Ashares) 1.00NAV (US$)

A Class 29.5312 Months High/Low NAV (US$)

A Class 29.85/25.17

10 Largest Holdings%

REPUBLICOF INDONESIA 5.875%13 Mar 2020 3.8HUTCHISON WHAMPOA INTL5.75%11 Sep 2019 3.3

KOREA ELECTRICPOWER CORP 3%05 Oct 2015 2.7INDONESIA 6.875% 17 Jan 2018 2.4EXPORTIMPORT BANK OF KOREA5.125% 29 Jun2020

2.3

ICICI BankLimited 5.5% 25 Mar 2015 2.3GAZ CAPITALSARegS9.25%23Apr 2019 2.1PHLIPPINES 7.75% 14 Jan 2031 2.0INDONESIA 6.875% 09 Mar 2017 1.9Venezuela 9.25% 15 Sep 2027 1.9Total 24.7

www.blackrocklatam.comPubblicazione NAV

A-Non-distributing Share Performance in US$

80 80

90 90

100 100

110 110

120 120

130 130

140 140

150 150

160 160

09.2005 09.2006 09.2007 09.2008 09.2009 09.2010

Fund JPM Asian Credit Index (JACI)

IndexedPerformance

IndexedPerformance

Annualised(Since Launch)

%

Annualised(3 Years)

%

Annualised(5 years)

%Year to Date

%1 Month

%6 Months

%1 Year

%3 Months

%CumulativePerformance

A Class 14.70.6 10.4 7.717.0 9.86.8 8.0

9.8JPM Asian Credit Index (JACI) 12.31.3 8.4 7.76.5 8.314.8

Quartile ranking 14 1 1 2 112

20092005 2007 20082006

CalendarYearPerformance %% % %%

A Class 26.24.5 2.1 -9.47.7JPM Asian Credit Index (JACI) -9.86.0 28.35.47.3

Summary of Investment Objective

The Asian Tiger Bond Fund seeks to maximise totalreturn. The Fund invests at least 70% of its totalassets in the fixed income transferable securities ofissuers domiciled in, or exercising the predominant

part of their economic activity in, Asian Tigercountries. The Fund may invest in the full spectrumof available securities, including non-investmentgrade. The currency exposure of the Fund is flexiblymanaged.

Average DurationPrimary Currency Exposure

>3 yearsUS Dollar

Investment Region Asia

Base Currency US Dollar Bond Fund

Govt/ Supranational

Corp.High YieldI

nvest.

Universe

Invest.

G

rade

Asian

TigerBond

Contacts: International Enquiries Investor Services Centre: Tel +1.212.810.5900 www.blackrocklatam.com [email protected]

Additional Dealing CodesISINCurrency CUSIP

SGD LU0540000063Notavailable


When a portfolioof high yielding bonds is held, there is anincreasedrisk of capital erosion through default or if theredemption yield is below theincomeyield. Economic conditions and interest rate levelsmay impactsignificantly thevalues of high yield bonds. The Fund invests in certain smaller and emerging markets. The prospects for economic growth in a number of these markets are considerable and equity returns have the potential to exceed those inmature markets as growthis achieved.However, there arerisksto theFund from political, economic and marketfactors in smaller and emerging markets which areof particular significance. TheFund mayinvest in securities issuedby a company that is either in default or in high risk of default ("distressed securities") involving significant risk. Investors should be aware of this additional risk. Sources: Fund BlackRock Investment Management (UK) Limited(BIM(UK)L), Indices Datastream, BIM(UK)L.Quartiles- 2007 Morningstar,Inc.AllRightsReservedBIM(UK)LRiskGrading:Medium/HighRisk (ona scale of Low, Medium, Medium/HighandHigh).This grading applies toFundswhichmaybeexpected tohave all, or at least a high proportion, of their assetsinvested in equities, or in bonds rated belowinvestment grade.It shouldonly be used forcomparisonwith other BlackRockGlobal Funds (BGF)and, in particular, shouldnot be

usedincomparisonwithFunds not providedbyBIM(UK)L.Thegrading is indicativeof the level of riskofa particularFundand isnot supposedtobea guarantee of likely returns. Ifyou are inany doubt astothe level ofriskthatyou shouldtake,you should seek Independent Advice. This factsheet is available to Qualified Investors and Professionals in some jurisdictions on a limited private placement basis subject to applicable laws and regulations in the country ofdistribution. Thefactsheetis confidentialand shouldnot bereproduced or distributed to persons other than therecipient. Performanceis shown asof the datelistedon the top ofthe sheet ona NAV price basis withincomereinvested. Priorto theintroductionof singlepricing on 4 February 2002, bidpriceswere used forFunds previouslywithintheMercury Selected Trustrange.Performance figures arecalculated netof annualfees.TheaboveFund data is forinformation only. Thenumberof sharesquotedfor each fund areindicativeand actualnumbers mayfall outside of therangesshown. BGFis an open-ended investment company establishedin Luxembourg. Subscriptionsin BGFare valid only if made onthebasis ofthecurrent Prospectus, themost recentfinancial reports andtheSimplifiedProspectus which are available on ourwebsite. Fluctuation maybe particularlymarkedin thecase of a highervolatilityFund andthevalue of an investment mayfallsuddenly andsubstantially. Investorsshouldread thefund specific risks in theSimplifiedProspectus.Past performance is no guide to futureperformance.Thevalue of investments andincomefrom them canfluctuateandarenotguaranteed.Rates ofexchangemay cause investments togoupor down. Investors may not get backthe amounttheyin vest. BGF isonlyavailable for investment bynon-UScitizens who are not residents of the US. Itis not offered for saleorsold inthe US,its territories or possessions. The Funds are not registered for sale to the public in all jurisdictions. The Fund Manager's report represents the views of BlackRock (Channel Islands) Limited, the Investment Manager of BGF. The InvestmentObjective stated above is a summary of the main objectives of the Fund. Please refer to the BGF Simplified Prospectus for further details. BlackRock Investment Management (UK) Limited (authorised and regulated by the Financial ServicesAuthority).Registered office: 33King WilliamStreet,London, EC4R 9AS. Registered in England No.2020394. Foryourprotection, telephonecallsareusually recorded

8/8/2019 BlackRock Asian Tiger Bond Fund (2)

2/2

Asian Tiger Bond Fundcontinued

Composition of Fund

Fund/Benchmark

Asset Allocations Analysis - Active Position

Fund-Benchmark

Country

0 10 20 30 40

OtherSouth KoreaIndonesiaIndiaPhilippinesHong KongMalaysiaSingaporeRussia

30.6/11.820.2/25.013.9/12.6

9.0/5.98.7/14.17.9/15.94.4/6.23.2/8.52.1/0.0

Credit Rating

0 10 20 30 40 50

BBACash & Cash EquivalentsBBBBAAA/Govt

Non-ratedAACCC and below

33.0/31.728.8/41.815.2/0.0

13.5/16.03.8/3.62.8/1.9

2.0/1.80.9/3.10.0/0.1

Maturity

0 10 20 30 40

3-5 Years5-7 Years0-3 Years9-15 Years7-9 Years15+ Years

22.3/30.719.7/16.419.5/15.115.8/13.813.7/11.39.0/12.7

Duration

0 10 20 30 40 50

3-5 Years0-3 Years7-10 Years5-7 Years10+ Years

45.5/41.335.5/38.411.9/7.16.0/11.81.1/1.4

Credit Rating

-20 -10 0 10 20

BBACash & Cash EquivalentsBBBBAAA/Govt

Non-ratedAACCC and below

1.3-13.015.2-2.50.20.9

0.2-2.2-0.1

Maturity

-10 -5 0 5 10

3-5 Years5-7 Years0-3 Years9-15 Years7-9 Years15+ Years

-8.43.34.42.02.4

-3.7

Duration

-6 -4 -2 0 2 4 6

3-5 Years0-3 Years7-10 Years5-7 Years10+ Years

4.2-2.94.8

-5.8-0.3


%

%

%

%

%

%

%

%

Fund Risk StatisticsSinceLaunch5 Years3 Years

Volatility (%)

8.39.8- Fund 12.28.89.3- Benchmark* 11.7

0.771.01Beta 1.01

Country

-20 -10 0 10 20

OtherSouth KoreaIndonesiaIndiaPhilippinesHong KongMalaysiaSingaporeRussia

18.8-4.81.33.1

-5.4-8.0-1.8-5.32.1


%

%

%

%

%

%

%

%

* TheBenchmark underFund risk statistics forthe AsianTigerBond Fund is JPMAsianCredit Index(JACI).

blackrock asian tiger bond fund (2)

Documents