Fixed Income

BFMSX

Low Duration Bond Fund

Overview

Loading

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.
1.88 1.53 1.66 2.51 3.99
Benchmark (%) Index: BofA ML US Corp & Govt Index, 1-3 Yrs (B1A0).<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. 0.65 1.04 0.94 2.10 -
Morningstar Category Avg. (%) Short-Term Bond 1.26 1.40 1.17 2.43 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 96/512 154/463 73/382 110/259 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 2 1 2 -
Lipper Category Avg. (%) Sht Inv Grade Debt Funds 1.46 1.26 1.14 2.16 -
Lipper Ranking Rankings are based on total return excluding sales charges. 73/332 79/286 43/238 58/165 -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 2 1 2 -
  YTD 1m 3m 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.
1.93 -0.02 0.57 1.88 4.67 8.56 28.15 167.85
Benchmark (%) Index: BofA ML US Corp & Govt Index, 1-3 Yrs (B1A0).<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. 1.04 -0.12 0.34 0.65 3.16 4.77 23.04 -
Morningstar Category Avg. (%) Short-Term Bond 1.71 -0.06 0.49 1.26 4.26 6.00 27.19 -
Lipper Category Avg. (%) Sht Inv Grade Debt Funds 1.64 -0.01 0.48 1.46 3.85 5.90 24.26 -


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.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
BlackRock Fixed Income Funds Delivered
17 of 22 U.S. bond funds, accounting for 93% of our assets, have 1st quartile performance*
20 of 23 U.S. bond funds, accounting for 87% of our fixed income funds, are priced in the least expensive quartile
See the numbers See the numbers

Key Facts

Key Facts

Size of Class (Millions) as of Nov 20, 2017 $3,122.6 M
Size of Fund (Millions) as of Nov 20, 2017 $4,880.1 M
Share Class launch date Jul 17, 1992
Asset Class Fixed Income
Morningstar Category Short-Term Bond
Lipper Classification Sht Inv Grade Debt Funds
Benchmark Index BofA ML US Corp & Govt Index, 1-3 Yrs (B1A0)
CUSIP 091928283
Number of Holdings as of Oct 31, 2017 592
Max Offer Price as of Nov 20, 2017 $9.59
Open to New Investors Yes
Turnover Percent as of Oct 31, 2017 316%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Oct 31, 2017 80.86
Beta (3y) as of Oct 31, 2017 0.96
Best 3-Month Return Over the Last 3 Years 3 months ending Feb 28, 2017 0.92%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2015 -0.29%
Standard Deviation (3y) as of Oct 31, 2017 0.78

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

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 Sep 30, 2017 out of 281, 5,777, 286, 142 and 286 Funds, respectively in Lipper's Sht Inv Grade Debt Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Mar 22, 2017) ‡

Holdings

Holdings

as of Oct 31, 2017
Name Weight (%)
UNITED STATES TREASURY 10.80
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.96
FEDERAL HOME LOAN MORTGAGE CORPORATION - GOLD 1.51
BROADCOM CORPORATION/BROADCOM CAYMAN FINANCE LTD 1.50
BANK OF AMERICA CORP 1.32
Name Weight (%)
ISHARES ULTRASHORT DURATION BOND FUND 1.21
JPMORGAN CHASE & CO 1.19
TORONTO-DOMINION BANK/THE 1.06
OCT17_13-1A -A2 0.87
MORGAN STANLEY 0.84

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Oct 31, 2017

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 31, 2017

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Oct 31, 2017

% Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Thomas Musmanno, CFA
Managing Director

  

Scott MacLellan, CFA
Portfolio Manager, BlackRock Global Fixed Income Group

  

Portfolio Manager

Literature

Literature

 

How to Buy BlackRock Funds

How to Buy BlackRock Funds

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio