Fixed Income

BISTX

BlackRock Sustainable Total Return Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
Benchmark (%)

as of Nov 30, 2021

- - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Benchmark (%)

as of Nov 30, 2021

- 0.30 - - - - - 0.46
Performance data is not currently available
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.

Key Facts

Key Facts

Size of Class (Millions) $0.1 M
Size of Fund (Millions) $49.9 M
Share Class launch date Oct 19, 2021
Asset Class Fixed Income
Morningstar Category -
Lipper Classification Corp Debt BBB Rated Fds
Benchmark Index Bloomberg US Aggregate Bond Index
CUSIP 092482306
Distribution Frequency Monthly
Number of Holdings 484
Max Offer Price $9.99
Open to New Investors Yes

Portfolio Characteristics

Portfolio Characteristics

Alpha (3y) as of - -
R-Squared (3y) as of - -
Beta (3y) as of - -
30 Day SEC Yield as of - -
Unsubsidized 30-Day SEC Yield as of - -
Yield to Maturity as of Nov 30, 2021 2.20%
Yield to Worst as of Nov 30, 2021 2.18%
Effective Duration as of Nov 30, 2021 6.23 yrs
Nominal WAL as of Nov 30, 2021 8.67 yrs
Fund Standard Deviation (3y) as of - -
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. 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.

MSCI - Controversial Weapons as of Nov 30, 2021 0.00%
MSCI - UN Global Compact Violators as of Nov 30, 2021 0.00%
MSCI - Nuclear Weapons as of Nov 30, 2021 0.00%
MSCI - Thermal Coal as of Nov 30, 2021 0.00%
MSCI - Civilian Firearms as of Nov 30, 2021 0.00%
MSCI - Oil Sands as of Nov 30, 2021 0.00%
MSCI - Tobacco as of Nov 30, 2021 0.00%

Business Involvement Coverage as of Nov 30, 2021 16.84%
Percentage of Fund not covered as of Nov 30, 2021 83.16%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

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

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.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, social or governance topics, or from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the 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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.65%
Net Expense Ratio 0.44%

Net Expense Ratio excluding Investment Related Expenses is 0.44%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

as of Nov 30, 2021
Name Weight (%)
UNITED STATES TREASURY 18.43
UNIFORM MBS 14.27
FEDERAL NATIONAL MORTGAGE ASSOCIATION 10.44
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 7.44
FEDERAL HOME LOAN MORTGAGE CORPORATION 4.89
Name Weight (%)
GOLDMAN SACHS GROUP INC/THE 3.38
MORGAN STANLEY 2.29
BANK OF AMERICA CORP 2.15
UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (GOVERNMENT) 1.37
EUROPEAN UNION 1.37

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2021

% 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. 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

Bob Miller
Head of U.S. Multi-Sector Fixed Income

  

Rick Rieder

        

David Rogal
Managing Director

 

 

Tao Jiang
Tao Jiang
Sam Summers
Sam Summers
Portfolio Manager

Literature

Literature

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