Fixed Income

BGCIX

Global Long/Short Credit Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
1.61 1.30 2.64 - 2.64
Benchmark (%) Index: BofA ML 3 Month Treasury Bill Index (G0O1).<br /><br /> Index returns are for illustrative purposes only. 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. 0.27 0.11 0.10 - -
Morningstar Category Avg. (%) Long-Short Credit 2.38 1.27 2.43 3.55 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 49/75 17/31 14/22 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 3 3 3 - -
Lipper Category Avg. (%) Alt Credit Focus Funds 3.75 2.41 2.74 3.63 -


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of 07-Dec-2016 $3,472.2 M
Size of Fund (Millions) as of 07-Dec-2016 $4,038.9 M
Share Class launch date 30-Sep-2011
Asset Class Alternative
Morningstar Category Long-Short Credit
Lipper Classification Alt Credit Focus Funds
Benchmark Index BofA ML 3 Month Treasury Bill Index (G0O1)
Number of Holdings as of 30-Nov-2016 859
CUSIP 091936732
Net, Excluding Investment Related Expenses 1.08%
Gross Expense Ratio 1.74%
Max Offer Price as of 07-Dec-2016 $10.07
Open to New Investors Yes
Turnover Percent as of 30-Nov-2016 253%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of 30-Nov-2016 0.00
Beta (3y) as of 30-Nov-2016 0.00
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Global Long/Short Credit Fund, Class I, as of 30-Nov-2016 rated against 26 Long-Short Credit Funds.

Lipper Leader

 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 30-Nov-2016 out of 155, 5,686, 155, 69 and 155 Funds, respectively in Lipper's Alt Credit Focus Funds classification.

Holdings

Holdings

as of 30-Nov-2016
Name Fund Weight (%)
ITRAXX.FINSUB.20.V1 1.77
DELL TECHNOLOGIES INC 1.51
WESTERN DIGITAL CORPORATION 1.45
CHARTER COMMUNICATIONS INC 1.27
UNICREDIT SPA 1.22
Name Fund Weight (%)
BROADCOM LTD 1.20
DEUTSCHE BANK AG 1.12
CENOVUS ENERGY INC 1.10
MICRON TECHNOLOGY INC 1.08
AMGEN INC 1.07
as of 30-Nov-2016
Name Fund Weight (%)
ITRAXX.XO.26.V1 -5.72
UNITED STATES OF AMERICA -3.41
ITRAXX.FINSR.20.V1 -2.08
MORGAN STANLEY -1.69
TARGET CORPORATION -1.65
Name Fund Weight (%)
CATERPILLAR INC -1.44
CITIGROUP INC -1.35
ISHARES IBOXX HIGH YIELD CORPORATE BOND FUND -1.33
AMERICAN EXPRESS COMPANY -1.28
CDX.NA.IG.27.V1 -1.26

Exposure Breakdowns

Exposure Breakdowns

Sorry, long-short data are not available at this time.
Sorry, long-short data are not available at this time.
Sorry, countries/regions are not available at this time.

These sectors may contain hedge positions intended to bring the portfolio to a neutral duration and/or currency positioning and are not deemed active credit positions.


Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.


Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Michael Phelps
Head of European Fundamental Credit
Joshua Tarnow
Head of Aviation, Global Fixed Income
Portfolio Manager

Literature

Literature

 

How to Buy BlackRock Funds

How to Buy BlackRock Funds

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