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Fixed Income

BIACX

Impact Bond Fund

Overview

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Performance

Performance

  • Returns

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.

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
19 of 24 U.S. bond funds, accounting for 97% of our active mutual fund assets, outperformed within their Morningstar peer groups. Based on institutional share class.*
BlackRock Fixed Income Funds Delivered

Key Facts

Key Facts

Size of Class (Millions) as of Oct 11, 2019 $0.1 M
Size of Fund (Millions) as of Oct 11, 2019 $27.1 M
Share Class launch date Aug 23, 2016
Asset Class Fixed Income
Morningstar Category Intermediate Core Bond
Lipper Classification General Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 09260C885
Number of Holdings as of Sep 30, 2019 308
Max Offer Price as of Oct 11, 2019 $10.09
Open to New Investors Yes
Turnover Percent as of Sep 30, 2019 202%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Sep 30, 2019 97.15
Beta (3y) as of Sep 30, 2019 1.02
Average Coupon as of Sep 30, 2019 3.57%
Nominal WAL as of Sep 30, 2019 6.79 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 3.93%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2016 -3.01%

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

Ratings

Lipper Leader

 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Aug 31, 2019 out of 37, 5,851, 37, and 37 Funds, respectively in Lipper's General Bond Funds classification.

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
UNITED STATES TREASURY 20.45
FEDERAL NATIONAL MORTGAGE ASSOCIATION 12.50
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 8.22
FEDERAL HOME LOAN MORTGAGE CORPORATION 3.86
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 1.71
Name Weight (%)
GOLDMAN SACHS GROUP INC/THE 1.22
MORGAN STANLEY 1.16
CITIGROUP INC 1.12
JPMORGAN CHASE & CO 1.08
AT&T INC 1.06

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% 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
Head of Core Portfolio Management, Systematic Fixed Income

  

Joel Silva
Joel Silva
Portfolio Manager

Literature

Literature

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