Fixed Income

BCRIX

CoreAlpha 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.
-0.18 2.11 2.63 4.14 3.89
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. 0.01 2.06 2.52 - 2.81
Morningstar Category Avg. (%) Intermediate-Term Bond 1.67 2.32 2.27 4.47 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 320/1005 424/859 198/751 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 2 2 - -
Lipper Category Avg. (%) Core Bond Funds -0.69 1.99 2.20 4.19 -
Lipper Ranking Rankings are based on total return excluding sales charges. 133/506 173/442 74/378 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 2 1 - -
  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.
-0.18 1.53 0.85 -0.18 6.46 13.87 50.07 76.01
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. 0.01 1.84 1.64 0.01 6.30 13.26 - 24.25
Morningstar Category Avg. (%) Intermediate-Term Bond 1.28 1.28 2.96 1.67 7.13 11.89 54.90 -
Lipper Category Avg. (%) Core Bond Funds -0.69 1.38 0.90 -0.69 6.09 11.55 51.36 -
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. The performance for periods prior to the inception date of the share class are based on the performance of the master portfolio in which the Fund invested all of its assets, 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 $845.5 M
Size of Fund (Millions) as of Feb 15, 2019 $1,274.5 M
Share Class launch date Feb 28, 2011
Asset Class Fixed Income
Morningstar Category Intermediate-Term Bond
Lipper Classification Core Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 09260T300
Number of Holdings as of Dec 31, 2018 1,151
Max Offer Price as of Feb 15, 2019 $10.15
Open to New Investors Yes
Turnover Percent as of Jan 31, 2019 515%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Jan 31, 2019 95.44
Beta (3y) as of Jan 31, 2019 0.99
Average Coupon as of Dec 31, 2018 3.16%
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2019 3.52%
Worst 3-Month Return Over the Last 3 Years 3 months ending Nov 30, 2016 -3.41%
Fund Standard Deviation (3y) as of Jan 31, 2019 2.89
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 CoreAlpha Bond Fund, Class I, as of Jan 31, 2019 rated against 877 Intermediate-Term Bond Funds.

Holdings

Holdings

as of Dec 31, 2018
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 15.76
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 7.95
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 7.27
UNITED STATES TREASURY 4.13
ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND FUND 1.88
Name Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION 1.17
GOLDMAN SACHS GROUP INC/THE 0.95
JPMORGAN CHASE & CO 0.87
VERIZON COMMUNICATIONS INC 0.81
HSBC HOLDINGS PLC 0.81

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Dec 31, 2018

% Market Value

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

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Dec 31, 2018

% 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

Scott Radell
Scott Radell
Karen Uyehara
Karen Uyehara
Portfolio Manager

Literature

Literature

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