Fixed Income

BIIIX

Impact Bond 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.
-0.54 - - - -0.58
Benchmark (%) Index: BBG Barc U.S. Aggregate 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. -0.40 - - - -0.69
Morningstar Category Avg. (%) Intermediate-Term Bond -0.36 1.68 2.20 3.89 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 528/999 - - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 3 - - - -
Lipper Ranking Rankings are based on total return excluding sales charges. 35/47 - - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 3 - - - -
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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BlackRock Fixed Income Funds Delivered
17 of 25 U.S. bond funds, accounting for 93% of our assets, have 1st quartile performance*
21 of 25 U.S. bond funds, accounting for 84% of our fixed income funds, are priced in the least expensive quartile
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Key Facts

Key Facts

Size of Class (Millions) as of Jul 20, 2018 $23.5 M
Size of Fund (Millions) as of Jul 20, 2018 $24.1 M
Share Class launch date Aug 23, 2016
Asset Class Fixed Income
Morningstar Category Intermediate-Term Bond
Lipper Classification General Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 09258N539
Number of Holdings as of Jun 29, 2018 348
Max Offer Price as of Jul 20, 2018 $9.48
Open to New Investors Yes
Turnover Percent as of Jun 30, 2018 470%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Mar 31, 2018 0.00
Beta (3y) as of Mar 31, 2018 0.00
Average Coupon as of Jun 29, 2018 3.83%
Nominal WAL as of Jun 29, 2018 4.71 yrs

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 Jun 29, 2018
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 13.73
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 7.70
FEDERAL HOME LOAN MORTGAGE CORPORATION 4.18
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 3.00
MORGAN STANLEY 1.88
Name Weight (%)
GOLDMAN SACHS GROUP INC/THE 1.50
JPMORGAN CHASE & CO 1.20
BANK OF NOVA SCOTIA 1.15
TORONTO-DOMINION BANK/THE 1.04
CITIGROUP INC 1.03

Exposure Breakdowns

Exposure Breakdowns

as of Jun 29, 2018

% of Market Value

Type Fund Benchmark Net
as of Jun 29, 2018

% of Market Value

Type Fund Benchmark Net
as of Jun 29, 2018

% of Market Value

Type Fund Benchmark Net
as of Jun 29, 2018

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jun 29, 2018

% of Market Value

Type Fund Benchmark Net
as of Jun 29, 2018

% of Market Value

Type Fund Benchmark Net
as of Jun 29, 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.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Scott Radell
Scott Radell
Joel Silva
Joel Silva
Portfolio Manager

Literature

Literature

 

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