Fixed Income

BFRKX

Floating Rate 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.
-0.35 3.69 2.59 7.24 4.76
Benchmark (%) Index: S&P/LSTA Leveraged Loan Index.<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. 0.44 4.83 3.05 8.57 -
Morningstar Category Avg. (%) Bank Loan 1.18 4.99 2.67 6.77 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 125/240 - - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 3 2 2 2 -
Lipper Ranking Rankings are based on total return excluding sales charges. 126/238 - - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 3 - - - -
  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.
-0.35 -2.55 -3.59 -0.35 11.48 13.62 101.11 287.60
Benchmark (%) Index: S&P/LSTA Leveraged Loan Index.<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. 0.44 -2.54 -3.45 0.44 15.20 16.23 127.50 -
Morningstar Category Avg. (%) Bank Loan 2.33 2.33 -0.93 1.18 15.73 14.07 92.47 -
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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Investor A Shares. The performance of this share class would be substantially similar to Investor A Shares because this share class and Investor A Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Investor A Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Investor A Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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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BlackRock Fixed Income Funds Delivered
21 of 25 U.S. bond funds, accounting for 99% of our assets, outperformed within their Morningstar peer groups. Based on Inst. shares.*
22 of 25 U.S. bond funds, accounting for 88% of our bond funds, are in the least expensive quartile. Based on Inst. shares.†
See the numbers See the numbers

Key Facts

Key Facts

Size of Class (Millions) as of Feb 15, 2019 $391.5 M
Size of Fund (Millions) as of Feb 15, 2019 $3,269.8 M
Share Class launch date Mar 28, 2016
Asset Class Fixed Income
Morningstar Category Bank Loan
Lipper Classification Loan Participation Funds
Benchmark Index S&P/LSTA Leveraged Loan Index
CUSIP 09260B739
Number of Holdings as of Jan 31, 2019 457
Max Offer Price as of Feb 15, 2019 $9.93
Open to New Investors Yes
Turnover Percent as of Jan 31, 2019 60%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Jan 31, 2019 0.00
Beta (3y) as of Jan 31, 2019 0.00
Nominal WAL as of Jan 31, 2019 4.83 yrs
Fund Standard Deviation (3y) as of Jan 31, 2019 0.00

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

Holdings

Holdings

as of Dec 31, 2018
Name Weight (%)
POWERSHARES SENIOR LOAN PORTFOLIO 1.53
FINANCIAL & RISK US HOLDINGS INC (REFINITIV) 1.45
SS&C TECHNOLOGIES INC 1.25
FIRST DATA CORPORATION 0.99
ASURION LLC 0.97
Name Weight (%)
VERSCEND HOLDING CORP 0.93
DJO FINANCE LLC 0.91
KRONOS INCORPORATED 0.88
MITCHELL INTERNATIONAL INC 0.87
SOLERA LLC 0.83

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% of 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

James Keenan, CFA
Chief Investment Officer and Global Co-Head of Credit

     

David Delbos
David Delbos
Mitchell S. Garfin, CFA
Co-Head of U.S. High Yield in Global Credit team

  

Josh Tarnow
Managing Director, Global Credit

  

Carly Wilson
Carly Wilson
Matthew Maxwell
Matthew Maxwell
Abigail Apistolas
Abigail Apistolas
Portfolio Manager

Literature

Literature

 

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