FEATURED ISHARES ETFS
Models & SMAs
Models & SMAs
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Overview
An alternative to typical bond funds
The BlackRock Global Long/Short Credit Fund casts a wide net among global credit opportunities to enhance diversification and help protect against interest rate moves.
TRUE DIVERSIFICATION TO TRADITIONAL FIXED INCOME
Investing long and short in global markets offers a differentiated way to seek returns
SEEKS TO MINIMIZE INTEREST RATE RISK
Aims to avoid any impact from rates by managing duration and focusing solely on credit
TOTAL RETURN DRIVEN BY CREDIT, NOT RATES
Delivered attractive returns, with far less volatility than core fixed income since inception
Powerful diversification tools
Learn more about alternative investments.
Dive deeper
Performance
Performance
Growth of Hypothetical $10,000
Performance chart data not available for display.
Distributions
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Returns
Performance data is not currently available
Performance data is not currently available
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
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 Fund’s returns prior to September 17, 2018 are the returns of a predecessor fund that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. As a result, the performance of the Fund would have been substantially similar to that of the predecessor fund.
The Fund’s returns prior to September 17, 2018 are the returns of a predecessor fund that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. As a result, the performance of the Fund would have been substantially similar to that of the predecessor fund.
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.
Key Facts
Key Facts
Size of Class (Millions)
as of Jun 01, 2023
$230.1 M
Size of Fund (Millions)
as of Jun 01, 2023
$1,092.5 M
Share Class launch date
Mar 28, 2016
Asset Class
Alternative
Morningstar Category
Nontraditional Bond
Lipper Classification
Specialty Fixed-Inc Fds
Benchmark Index
ICE BofA 3 Month Treasury Bill Index (G0O1) (4PM)
Number of Holdings
as of Apr 28, 2023
723
CUSIP
09260C703
Max Offer Price
as of Jun 01, 2023
$8.72
Open to New Investors
Yes
Turnover Percent in the Annual Report
149%
Portfolio Characteristics
Portfolio Characteristics
R-Squared (3y)
as of Feb 28, 2021
30.11
Beta (3y)
as of Feb 28, 2021
-9.98
Nominal WAL
as of Apr 28, 2023
3.90 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2021
5.93%
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-5.57%
Fund Standard Deviation (3y)
as of Feb 28, 2021
5.35
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
ESG Integration
ESG Integration
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.
Where applicable, the Fund manager includes ESG considerations in the research and due diligence stage of the investment process. ESG information is sourced from both internal and external sources and included in the Aladdin risk system. This information broadly informs the investment decision: ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.
Ratings
Ratings
Holdings
Holdings
as of Apr 28, 2023
| Name | Fund Weight (%) |
|---|---|
| FRONTIER COMMUNICATIONS PARENT INC | 2.24 |
| SUN COUNTRY AIRLINES PASS THROUGH TRUSTS | 2.20 |
| BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.05 |
| DEUTSCHE TELEKOM AG | 1.73 |
| TEVA PHARMACEUTICAL INDUSTRIES LTD | 1.40 |
| Name | Fund Weight (%) |
|---|---|
| TATA MOTORS LTD | 1.27 |
| ORACLE CORPORATION | 1.20 |
| SABRE HOLDINGS CORPORATION | 1.11 |
| AMERICAN AIRLINES PASS THROUGH TRUSTS | 1.11 |
| VISTRA CORP | 1.10 |
as of Apr 28, 2023
| Name | Weight (%) |
|---|---|
| FRONTIER COMMUNICATIONS PARENT INC | 2.24 |
| SUN COUNTRY AIRLINES PASS THROUGH TRUSTS | 2.20 |
| BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.05 |
| DEUTSCHE TELEKOM AG | 1.73 |
| TEVA PHARMACEUTICAL INDUSTRIES LTD | 1.40 |
| Name | Weight (%) |
|---|---|
| TATA MOTORS LTD | 1.27 |
| ORACLE CORPORATION | 1.20 |
| SABRE HOLDINGS CORPORATION | 1.11 |
| AMERICAN AIRLINES PASS THROUGH TRUSTS | 1.11 |
| VISTRA CORP | 1.10 |
as of Apr 28, 2023
| Name | Fund Weight (%) |
|---|---|
| CDX.NA.HY.40.V1 | -3.07 |
| CATERPILLAR INC | -2.48 |
| ITRAXX.XO.39.V1 | -2.40 |
| ITRAXX.FINSUB.39.V1 | -2.00 |
| SOUTHWEST AIRLINES CO | -1.82 |
| Name | Fund Weight (%) |
|---|---|
| SIMON PROPERTY GROUP INC | -1.41 |
| STMICROELECTRONICS NV | -1.32 |
| TESCO PLC | -0.84 |
| BASF SE | -0.81 |
| BAYERISCHE MOTOREN WERKE AG | -0.81 |
Exposure Breakdowns
Exposure Breakdowns
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.
Portfolio Managers
Portfolio Managers
Stephen Gough
David Taerstein
Managing Director
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.
Portfolio Manager
Literature
Literature
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© 2023 BlackRock, Inc. All rights reserved.
If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.
Important Information
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.
Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.
Performance shown for certain share classes of certain funds is synthetic, pre-inception performance leveraging the performance of a different share class of the fund. When evaluating fund performance, it is important to note that it does not represent actual performance of such share class. All performance after inception of the share class is actual performance. For details regarding which funds and share classes leverage synthetic, pre-inception performance, please visit this page.
Investing involves risk, including possible loss of principal.
Fund details, holdings and characteristics are as of the date noted and subject to change.
Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.
Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.
If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.
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