Fixed Income

BMSIX

Credit Strategies Income 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.
7.89 3.73 5.06 - 5.36
Benchmark (%) Index: 25BBGHY100HDG 25SPLSTALL 25BBUSCMBSIG 25JPMCEMBIBD.<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. 8.42 4.29 5.19 - -
Morningstar Category Avg. (%) Multisector Bond 7.40 2.87 4.07 5.39 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 130/315 43/227 36/174 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 1 1 - -
Lipper Category Avg. (%) Loan Participation Funds 8.70 2.69 3.85 3.24 -


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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Learn more about our fixed income opportunities.
BlackRock Fixed Income Funds Delivered
14 of 23 U.S. bond funds, accounting for 88% of assets, have 1st quartile performance*
22 of 23 U.S. bond funds, accounting for 95% of assets, are priced in the least expensive quartile
Learn more about our fixed income opportunities.
BlackRock Fixed Income Funds Delivered Learn more about our fixed income opportunities.
14 of 23 U.S. bond funds, accounting for 88% of assets, have 1st quartile performance*
22 of 23 U.S. bond funds, accounting for 95% of assets, are priced in the least expensive quartile

Key Facts

Key Facts

Size of Class (Millions) as of 25-Apr-2017 $281.2 M
Size of Fund (Millions) as of 25-Apr-2017 $415.8 M
Share Class launch date 26-Feb-2010
Asset Class Fixed Income
Morningstar Category Multisector Bond
Lipper Classification Multi-Sector Income Fds
Benchmark Index 25BBGHY100HDG 25SPLSTALL 25BBUSCMBSIG 25JPMCEMBIBD
CUSIP 09256H229
Net, Excluding Investment Related Expenses 0.63%
Gross Expense Ratio 0.82%
Contractual End Date 31-Jan-2018
Number of Holdings as of 31-Mar-2017 1,251
Max Offer Price as of 25-Apr-2017 $10.21
Open to New Investors Yes
Turnover Percent as of 31-Mar-2017 101%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of 31-May-2016 78.93
Beta (3y) as of 31-May-2016 0.95
Best 3-Month Return Over the Last 3 Years 3 months ending 31-May-2016 4.56%
Worst 3-Month Return Over the Last 3 Years 3 months ending 31-Jan-2016 -2.28%

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

Morningstar Rating

Overall Morningstar Rating for Credit Strategies Income Fund, Class Inst, as of 31-Mar-2017 rated against 227 Multisector Bond 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 31-Mar-2017 out of 242, 5,792, 242, 150 and 242 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

as of 31-Mar-2017
Name Weight (%)
ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND 2.00
HCA INC 0.90
JPMORGAN CHASE & CO 0.85
LEVEL 3 FINANCING INC 0.76
BANK OF AMERICA CORP 0.72
Name Weight (%)
US BANCORP 0.71
FIRST DATA CORPORATION 0.70
STATE STREET CORP 0.65
BANK OF NEW YORK MELLON CORP/THE 0.59
FREEPORT-MCMORAN INC 0.58

Exposure Breakdowns

Exposure Breakdowns

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

James Keenan, CFA
Global Head of Fundamental Credit
Jose Aguilar

  

Jeff Cucunato
Managing Director, Head of US Investment Grade Credit

     Jeffrey Cucunato, Managing Director, is the head of US Investment Grade Credit and a member of Americas Fixed Income within Alpha Strategies.

Mitchell Garfin
Mitchell Garfin
Artur Piasecki

  

Portfolio Manager

Literature

Literature

 

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