Fixed Income

BSIIX

Strategic Income Opportunities Fund

Overview

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Performance

Performance

  • Returns



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 01-Dec-2016 $18,347.9 M
Size of Fund (Millions) as of 01-Dec-2016 $27,437.8 M
Share Class launch date 05-Feb-2008
Asset Class Fixed Income
Morningstar Category Nontraditional Bond
Lipper Classification Alt Credit Focus Funds
Benchmark Index BBG Barc U.S. Universal Index
CUSIP 09256H286
Net, Excluding Investment Related Expenses 0.61%
Gross Expense Ratio 0.80%
Contractual End Date 30-Apr-2017
Number of Holdings as of 31-Oct-2016 2,816
Max Offer Price as of 01-Dec-2016 $9.78
Open to New Investors Yes
Turnover Percent as of 30-Nov-2016 1,856%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending 30-Apr-2014 2.03%
Worst 3-Month Return Over the Last 3 Years 3 months ending 29-Feb-2016 -1.70%

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 Strategic Income Opportunities Fund, Class Inst, as of 30-Nov-2016 rated against 216 Nontraditional 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-Oct-2016 out of 153, 5,640, 153, 68 and 153 Funds, respectively in Lipper's Alt Credit Focus 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 08-Apr-2016) ‡

Holdings

Holdings

as of 31-Oct-2016
Name Weight (%)
UNITED STATES TREASURY 39.14
FEDERAL HOME LOAN MORTGAGE CORPORATION - GOLD 3.32
ITALY (REPUBLIC OF) 2.04
JAPAN (GOVERNMENT OF) 1.95
ARGENTINA REPUBLIC OF GOVERNMENT 1.62
Name Weight (%)
INDIA (REPUBLIC OF) 1.55
ISHARES IBOXX HIGH YIELD CORPORATE BOND FUND 1.51
N/A Issuer Name 1.24
SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF 1.14
INDONESIA (REPUBLIC OF) 0.96

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2016

% Market Value

Allocations subject to change.
as of 31-Oct-2016

% Market Value

as of 31-Oct-2016

% Market Value

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.
Strategic Income Opportunities Chart
Is your fund flexible?
Explore how Strategic Income Opportunities Fund has managed interest rate and credit risk.
Strategic Income Opportunities Chart
Is your fund flexible? Strategic Income Opportunities Chart
Explore how Strategic Income Opportunities Fund has managed interest rate and credit risk.

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer and Co-Head of Global Fixed Income
Bob Miller
Head of U.S. Multi-Sector Fixed Income

  

Portfolio Manager

Literature

Literature

 

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