1y | 3y | 5y | 10y | |
---|---|---|---|---|
Total Return (%) | 10.91 | 2.42 | 3.25 | 2.56 |
Benchmark (%) | 5.46 | 3.50 | 2.32 | 1.65 |
Morningstar Category Avg. (%) | 10.01 | 1.88 | 2.51 | 2.48 |
Morningstar Ranking | 125/289 | 108/272 | 79/246 | 81/171 |
Morningstar Quartile | 2 | 2 | 2 | 3 |
Lipper Category Avg. (%) | 11.06 | 1.57 | 2.30 | 2.21 |
Lipper Ranking | 26/70 | 23/61 | 18/58 | 10/54 |
Lipper Quartile | 2 | 2 | 2 | 1 |
YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
---|---|---|---|---|---|---|---|
Total Return (%) | 7.20 | 1.06 | 3.03 | 10.91 | 7.43 | 17.35 | 28.78 |
Benchmark (%) | 4.03 | 0.43 | 1.37 | 5.46 | 10.87 | 12.17 | 17.79 |
Morningstar Category Avg. (%) | 5.44 | -0.47 | 1.30 | 10.01 | 6.24 | 13.97 | 29.12 |
Lipper Category Avg. (%) | 5.78 | 0.93 | 3.66 | 11.06 | 4.96 | 12.48 | 25.11 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Total Return (%) | 7.43 | 3.95 | 3.48 | -8.01 | 8.99 |
Benchmark (%) | 2.28 | 0.67 | 0.05 | 1.47 | 5.02 |
Morningstar Category Avg. (%) | 6.69 | 3.44 | 1.80 | -6.27 | 6.95 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3 Month Treasury Bill Index. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3 Month Treasury Bill Index. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3 Month Treasury Bill Index.
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
Gross Expense Ratio | 1.50% |
Net Expense Ratio | 1.18% |
Net Expense Ratio excluding Investment Related Expenses is 1.17%
Name | Market Value | Weight (%) | Shares | Maturity | Coupon (%) |
---|
Issuer | Weight (%) |
---|---|
FRONTIER COMMUNICATIONS PARENT INC | 2.68 |
BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.29 |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.03 |
LIONS GATE ENTERTAINMENT CORP | 1.87 |
BANCO ESPIRITO SANTO SA | 1.73 |
Issuer | Weight (%) |
---|---|
ALTAR BIDCO INC | 1.62 |
VISTRA CORP | 1.58 |
AT&T INC | 1.53 |
VERIZON COMMUNICATIONS INC | 1.52 |
DEVON ENERGY CORPORATION | 1.50 |
Name | Fund Weight (%) |
---|---|
ITRAXX.EUR.42.V1 | -5.05 |
SOUTHWEST AIRLINES CO | -2.83 |
SIMON PROPERTY GROUP INC | -1.30 |
ZHEJIANG GEELY HOLDING GROUP CO LTD | -0.60 |
CDX.NA.HY.42.V1 | -0.59 |
Name | Fund Weight (%) |
---|---|
ITRAXX.FINSUB.42.V1 | -0.56 |
GRIFOLS SA | -0.55 |
INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA | -0.45 |
PANAMA REPUBLIC OF (GOVERNMENT) | -0.45 |
ERSTE GROUP BANK AG | -0.43 |
These sectors may contain hedge positions intended to bring the portfolio to a neutral duration and/or currency positioning and are not deemed active credit positions.
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.
Carly Wilson, Managing Director, is a member of BlackRock's Global Credit Platform. She is a portfolio manager for the platform's bank loan strategies and global long/short credit strategies.