Asian Tiger Bond FundPerformance to 30 September 2010 Not For Use As a Public Offer Risk Grading ➔ Low High Bond Fund A-Non-distributing Share Performance in US$ 160 150 160 150 Base Currency US Dollar Investment Region Bond Fund Asia Asian Tiger Bond Invest. Universe Invest. Grade Govt/ Supra national Indexed Performance Corp. Indexed Performance 140 130 120 110 100 90 80 09.2005 Fund 09.2006 09.2007 09.2008 09.2009 140 130 120 110 100 90 80 09.2010 High Yield Average Duration Primary Currency Exposure >3 years US Dollar JPM Asian Credit Index (JACI) Summary of Investment Objective Cumulative Performance A Class JPM Asian Credit Index (JACI) Quartile ranking 1 Month % 3 Months % 6 Months % 1 Year % Annualised Year to Date (3 Years) % % Annualised Annualised (5 years) (Since Launch) % % 0.6 1.3 4 6.8 6.5 2 10.4 8.4 1 17.0 14.8 1 14.7 12.3 1 9.8 9.8 1 8.0 8.3 2 7.7 7.7 1 The Asian Tiger Bond Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the fixed income transferable securities of issuers domiciled in, or exercising the predominant part of their economic activity in, Asian Tiger countries. The Fund may invest in the full spectrum of available securities, including non-investment grade. The currency exposure of the Fund is flexibly managed. 2005 2006 % 2007 % 2008 % 2009 % Calendar Year Performance A Class JPM Asian Credit Index (JACI) % 4.5 6.0 7.7 7.3 2.1 5.4 -9.4 -9.8 26.2 28.3 Fund Data Status Sub-Fund of Luxembourg SICAV Fund Manager Imran Hussain/Andrew Gordon Launch Date 02.02.1996 Base Currency US$ Additional Dealing Currencies SGD Benchmark JPM Asian Credit Index (JACI) Morningstar Sector Fixed Income Asia Pacific ex Japan Total Fund Size (m) US$916.7 Average Maturity (years) 6.8 Average Duration (years) 3.8 Average Yield to Maturity (%) 3.9 Codes CUSIP ISIN Bloomberg Equity Ticker Reuters Page Id Swiss Valoren Number Dealing & Prices Dealing Information Trading Frequency Daily, forward pricing basis Settlement Trade date + 3 days Fees % Initial Charge (A shares) 5 Annual Management Fee (A shares) 1.00 NAV (US$) A Class 29.53 12 Months High/Low NAV (US$) A Class 29.85/25.17 10 Largest Holdings REPUBLIC OF INDONESIA 5.875% 13 Mar 2020 HUTCHISON WHAMPOA INTL 5.75% 11 Sep 2019 KOREA ELECTRIC POWER CORP 3% 05 Oct 2015 INDONESIA 6.875% 17 Jan 2018 EXPORT IMPORT BANK OF KOREA 5.125% 29 Jun 2020 ICICI Bank Limited 5.5% 25 Mar 2015 GAZ CAPITAL SA RegS 9.25% 23 Apr 2019 PHLIPPINES 7.75% 14 Jan 2031 INDONESIA 6.875% 09 Mar 2017 Venezuela 9.25% 15 Sep 2027 Total % 3.8 3.3 2.7 2.4 2.3 2.3 2.1 2.0 1.9 1.9 24.7 L1049F245 LU0063729296 MERATAA LX 006372929X.LU 430189 Additional Dealing Codes Currency SGD CUSIP Not available ISIN LU0540000063 Pubblicazione NAV www.blackrocklatam.com When a portfolio of high yielding bonds is held, there is an increased risk of capital erosion through default or if the redemption yield is below the income yield. Economic conditions and interest rate levels may impact significantly the values 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 in mature markets as growth is achieved. However, there are risks to the Fund from political, economic and market factors in smaller and emerging markets which are of particular significance. The Fund may invest in securities issued by 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 ñ BlackRock Investment Management (UK) Limited (BIM(UK)L), Indices ñ Datastream, BIM(UK)L. Quartiles - © 2007 Morningstar, Inc. All Rights Reserved ■ BIM(UK)L Risk Grading: Medium/High Risk (on a scale of Low, Medium, Medium/High and High). This grading applies to Funds which may be expected to have all, or at least a high proportion, of their assets invested in equities, or in bonds rated below investment grade. It should only be used for comparison with other BlackRock Global Funds (BGF) and, in particular, should not be used in comparison with Funds not provided by BIM(UK)L. The grading is indicative of the level of risk of a particular Fund and is not supposed to be a guarantee of likely returns. If you are in any doubt as to the level of risk that you should take, 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 of distribution. The factsheet is confidential and should not be reproduced or distributed to persons other than the recipient. Performance is shown as of the date listed on the top of the sheet on a NAV price basis with income reinvested. Prior to the introduction of single pricing on 4 February 2002, bid prices were used for Funds previously within the Mercury Selected Trust range. Performance figures are calculated net of annual fees. The above Fund data is for information only. The number of shares quoted for each fund are indicative and actual numbers may fall outside of the ranges shown. BGF is an open-ended investment company established in Luxembourg. Subscriptions in BGF are valid only if made on the basis of the current Prospectus, the most recent financial reports and the Simplified Prospectus which are available on our website. Fluctuation may be particularly marked in the case of a higher volatility Fund and the value of an investment may fall suddenly and substantially. Investors should read the fund specific risks in the Simplified Prospectus. Past performance is no guide to future performance. The value of investments and income from them can fluctuate and are not guaranteed. Rates of exchange may cause investments to go up or down. Investors may not get back the amount they in vest. BGF is only available for investment by non-US citizens who are not residents of the US. It is not offered for sale or sold in the 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 Investment Objective 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 Services Authority). Registered office: 33 King William Street, London, EC4R 9AS. Registered in England No. 2020394. For your protection, telephone calls are usually recorded Contacts: International Enquiries Investor Services Centre: Tel +1.212.810.5900 ■ www.blackrocklatam.com ■
[email protected] 0/5.9 2.5 0.4 Duration 3-5 Years 0-3 Years 7-10 Years 5-7 Years 10+ Years % 4.8 0.0 % 18.3 8.1 Credit Rating BB A Cash & Cash Equivalents BBB B AAA/Govt Non-rated AA CCC and below 0 10 20 30 40 50 % 33.2/8.5 2.9 4.6/11.1/1.Active Position Fund-Benchmark Country Other South Korea Indonesia India Philippines Hong Kong Malaysia Singapore Russia -20 -10 0 10 20 % 30.7 28.3 9.8 0.7 19.01 9.2 0.8 15.2 -0.0/0.7 1.01 8.0/12.com ■
[email protected] -5.9 8.7/16.2/0.3 0 10 20 30 40 50 -6 -4 -2 0 2 4 6 Fund Risk Statistics 3 Years 5 Years Since Launch Volatility (%) .9 0.1 20 Maturity 3-5 Years 5-7 Years 0-3 Years 9-15 Years 7-9 Years 15+ Years % 22.8 20.0 2.0/11.8 -0.3 -13.8/3.7 0 10 20 30 40 -10 -5 0 5 10 Duration 3-5 Years 0-3 Years 7-10 Years 5-7 Years 10+ Years % 45.3 3.9/12.0 -1.5/38.8 -4.7/14.4 -3.810.Asian Tiger Bond Fund continued Composition of Fund Fund/Benchmark Country Other South Korea Indonesia India Philippines Hong Kong Malaysia Singapore Russia 0 10 20 30 40 Asset Allocations Analysis .8 -5.8 13.7/11.1 Credit Rating BB A Cash & Cash Equivalents BBB B AAA/Govt Non-rated AA CCC and below -20 -10 0 10 % 1.0 13.com .3 4.0 15.2 -2.1 6.6 2. ■ Contacts: International Enquiries Investor Services Centre: Tel +1.212.1 7.5900 ■ www.3/30.8 9.0/31.5/16.3 1.8/41.4 2.blackrocklatam.5/15.8 1.5/41.1 15.3 2.6 9.4 3.4/6.77 * The Benchmark under Fund risk statistics for the Asian Tiger Bond Fund is JPM Asian Credit Index (JACI).4 -8.Benchmark* Beta 12.0 3.9 4.0/1.2 11.2/25.8 1.9/7.Fund .1/0.0 13.9/15.8/1.2 -2.4 19.2 3.9/3.8/13.7 Maturity 3-5 Years 5-7 Years 0-3 Years 9-15 Years 7-9 Years 15+ Years % -8.4 11.3 35.2 -2.1 0.1 -5.