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iShares Barclays Asia Local Currency Bond Index ETF (N6L)


Intraday NAV & Market Price1 as of -

  Time (USD)
Estimated NAV
Market Price
 

Annual Returns5

  2009 2010 20116 2012 2013
N6L 1.49 9.74 -8.29
Benchmark Index 1.38 10.23 -7.49
 

Trading Information & Fund Identifier

Singapore Exchange
Primary Exchange
GMT+8
Primary Exchange Time zone:
N6L
Exchange Ticker
ABLC SP
Bloomberg Ticker
100 Units
Trading Board Lot
USD
Trading Currency7
N6LNAV
Bloomberg NAV
N6LIV
Bloomberg iNAV
N6LSHO
Bloomberg Shares Outstanding
B54VZ75
SEDOL
SG2D31970312
ISIN
BRBC.SI
Reuters Code
 

Benchmark Index Information as of 17 April 2014

Barclays Asia Local Currency Diversified Bond Index
Benchmark Index
Barclays
Benchmark Index Provider
Net Total Return
Benchmark Level Type
BALNTRUU
Bloomberg Total Return Index
Monthly
Rebalancing Frequency
313
Number of Constituents
 

Product Details as of 17 April 2014

Physical
Fund Structure
HSBC Institutional Trust Services (Singapore) Ltd
Fund Accountant
BlackRock (Singapore) Limited
Fund Manager
 

Maturity as of 18 April 2014

Bond Credit Ratings  as of 18 April 2014

  % of Fund (Moody's) % of Fund (S&P)
Aaa/AAA 11.26 13.04
Aa1/AA+ 0.34 0.00
Aa2/AA 0.00 0.00
Aa3/AA- 30.13 9.36
A1/A+ 0.00 0.50
A2/A 0.00 23.66
A3/A- 14.28 9.76
Baa1/BBB+ 16.79 6.29
Baa2/BBB 0.00 0.00
Baa3/BBB- 24.40 10.02
Ba1/BB+ 0.00 2.13
Ba2/BB 0.00 0.00
Ba3/BB- 0.00 0.00
B1/B+ 0.00 0.00
B2/B 0.00 0.00
B3/B- 0.00 0.00
Caa1/CCC+ 0.00 0.00
Caa2/CCC 0.00 0.00
Caa3/CCC- 0.00 0.00
Ca/CC 0.00 0.00
C/C 0.00 0.00
CI - 0.00
R - 0.00
SD - 0.00
D - 0.00
Other
Other indicates neither an official nor valid rating from the rating agencies are available
1.44 6.37
 

Profile as of 17 April 2014

The investment objective of the iShares Barclays Asia Local Currency Bond Index ETF is to provide investment results that, before fees and expenses, closely correspond to the performance of the Barclays Asia Local Currency Diversified Bond Index in US dollar terms.
IMPORTANT: Investment involves risk, including the loss of principal. Investors are advised to consider their own investment objectives and circumstances in determining the suitability of an investment in this Fund. An investment in this Fund may not be suitable for everyone. If you are in any doubt, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice. Investors should refer to the Fund prospectus for further details, including the product features and risk factors. Investors should not base on this marketing material alone to make investment decisions. Investors should note:
  • Generally, investments in emerging markets are subject to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, lack of regulation, greater risk of market shutdown and more governmental limitations on foreign investment policy than typically found in developed markets.
  • Prices on the SGX are based on secondary market trading factors and may deviate significantly from the net asset value of the Fund.


 
Asset Class Fixed Income
Total Net Assets ('000,000) $ 9.87
Management Fee3 0.35%
Outstanding Units/Shares 1,027,285
Number of Holdings 74
Fund Inception Date 30 May 2011
Listing Date 2 June 2011
Domicile Singapore
Base Currency USD
ETF Methodology Sampled
 

Top 10 Holdings4 as of 17 April 2014

4.95
 
KOREA (REPUBLIC OF) 5.75 09/10/2018
4.32
 
MALAYSIA (FEDERATION OF) 4.378 11/29/2019
3.94
 
KOREA (REPUBLIC OF) 2.75 09/10/2017
3.51
 
MALAYSIA (FEDERATION OF) 3.314 10/31/2017
3.17
 
KOREA (REPUBLIC OF) 4.25 06/10/2021
2.82
 
PHILIPPINES (REPUBLIC OF) 8 07/19/2031
2.68
 
THAILAND (KINGDOM OF) 3.875 06/13/2019
2.66
 
SINGAPORE (REPUBLIC OF) 3.75 09/01/2016
2.63
 
THAILAND (KINGDOM OF) 3.25 06/16/2017
2.49
 
SINGAPORE (REPUBLIC OF) 2.5 06/01/2019
Total
33.18%
 

Top 10 Currencies4 as of 17 April 2014

KRW
25.60
THB
16.79
MYR
15.65
IDR
14.38
SGD
14.09
PHP
10.02
China OffShore Renminbi
2.46
HKD
1.02
 
 
Total
100.00%
 

Yield Information as of 18 April 2014

Average Yield To Maturity
Yield to Maturity is the discount rate that equates the present value of a bond's cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund's indivudal bond holding YTMs based upon Net Asset Value ('NAV'). The measure does not include the fees and expenses
3.96%
Distribution Frequency Quarterly
Use of Income Distributing
Flat Yield 4.57%
 

Fundamentals & Risk  as of 18 April 2014

Weighted Average Maturity
The mean of the remaining term to maturity of the underlying bonds in a portfolio
9.22 yr
Effective Duration
A measure of the responsiveness of a bond or portfolio's price to changes in interest rates. Effective Duration takes into account the possible changes in expected bond cash flows due to interest rates changes.
6.43
Weighted Average Coupon
The mean of the coupon rate of the underlying bonds in a portfolio
4.78%
Average Convexity
The average convexity is weighted by the market capitalisation of the respective bonds, where market capitalization is defined as the result of the dirty price of a bond multiplied by its amount outstanding.
0.73
 

Participating Dealers

BNP Paribas Securities Services, Singapore Branch
Citigroup Global Markets Singapore Securities Pte Ltd
Credit Suisse Securities (Singapore) Limited
Deutsche Securities Asia Limited
Goldman Sachs Futures Pte Ltd
The Hongkong and Shanghai Banking Corporation Limited
Macquarie Bank Limited
Maybank Kim Eng Securities Pte. Ltd.
Merrill Lynch (Singapore) Pte. Ltd.
Morgan Stanley & Co. International PLC
Nomura Securities Singapore Pte. Ltd.
Société Générale, Singapore Branch
UBS Securities Pte Ltd
 

All dollar amounts are in USD. All dates are in GMT+8 Time. Any exceptions are noted.

1. Estimated NAV is indicative only and is provided on a delayed basis by Deutsche Borse AG. Market prices are provided on a delayed basis by Interactive Data Managed Solutions. (See terms and conditions)

2. Performance is calculated on a single pricing basis (NAV to NAV) in USD and assumes dividend reinvestment. Change indicates the change since the previous business day. Refer to the Prospectus for more information on determination of Net Asset Value.

3. The Management Fee is a measure of the cost associated with managing and operating the fund including management and trustee fees but excluding investment costs such as brokerage and access product charges. For complete information on fees and charges, please refer to the Prospectus.

4. As a percentage of market value.

5. Represents performance figures for each year ended 31 December, unless otherwise stated.

6. Represents performance figures since inception of the fund to 31 December 2011.

7. The Fund commenced trading in two different currency denominations (i.e. USD and SGD) on 15 June 2012. Please refer to the Pricing and Exchange tab for further information, such as fund identifiers, for each of the trading currency.


Investing involves risk, including possible loss of principal. Investment in emerging market countries may involve heightened risks such as increased volatility and lower trading volume, and may be subject to a greater risk of loss than investment in a developed country. Investors should be aware that the price of shares of the iShares Funds, and the income from them (if any), may fall as well as rise, and investors may not get back their original investment. Before investing, you should carefully consider the investment objectives, risks, charges and expenses and all other information contained in the relevant prospectus which is available upon request from BlackRock.

Past performance may not be repeated and is no guide for future performance or returns. Performance is calculated on a single pricing basis (NAV to NAV) in base currency, inclusive of all transaction fees and assumes dividend reinvestment. Index returns are for illustrative purposes only and do not represent actual iShares Funds or iShares Trusts performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

iShares Funds are not sponsored, endorsed, issued, sold or promoted by their index providers. For details of the index provider including any disclaimer, please refer to the relevant iShares Fund offer document.

Source: Fund performance and index data are provided by BlackRock and the relevant index providers respectively.