Fixed Income

BKSTX

BlackRock Sustainable Total Return Fund

Overview

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Performance

Performance

  1y 3y 5y 10y Incept.
12.12 - - - -1.60
Benchmark (%) 11.57 - - - -1.35
Morningstar Category Avg. (%) 12.41 - - - -
Morningstar Ranking 397/606 - - - -
Morningstar Quartile 3 - - - -
Lipper Ranking 203/255 - - - -
Lipper Quartile 4 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
5.22 1.31 5.31 12.12 - - - -4.66
Benchmark (%) 4.45 1.34 5.20 11.57 - - - -3.92
Morningstar Category Avg. (%) 5.27 1.33 5.13 12.41 - - - -
  2019 2020 2021 2022 2023
Total Return (%) - - - - 6.04
Benchmark (%) - - - - 5.53
Morningstar Category Avg. (%) - - - - 6.22

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.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 13, 2024
$44.0 M
Share Class launch date
Oct 19, 2021
Benchmark Index
BBG U.S. Aggregate Index
Morningstar Category
Intermediate Core-Plus Bond
CUSIP
092482405
Open to New Investors
Yes
Size of Class (Millions)
as of Dec 13, 2024
$41.0 M
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Corp Debt BBB Rated Fds
Max Offer Price
as of Dec 13, 2024
$8.23
Turnover Percent in the Annual Report
as of Sep 30, 2024
832.00%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Nov 29, 2024
740
Alpha (3y)
as of Oct 31, 2024
-0.01
R-Squared (3y)
as of Oct 31, 2024
99.16
Beta (3y)
as of Oct 31, 2024
1.06
Unsubsidized 30-Day SEC Yield
as of Nov 30, 2024
3.31%
Effective Duration
as of Nov 29, 2024
6.23 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
8.76%
30 Day SEC Yield
as of Nov 30, 2024
4.35%
Yield to Maturity
as of Nov 29, 2024
5.60%
Fund Standard Deviation (3y)
as of Oct 31, 2024
8.22
Average Coupon
as of Nov 29, 2024
4.13%
Yield to Worst
as of Nov 29, 2024
5.58%
Nominal WAL
as of Nov 29, 2024
8.24 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2022
-8.72%
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% (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

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. 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 29, 2024
0.13%
MSCI - Nuclear Weapons
as of Nov 29, 2024
0.10%
MSCI - Civilian Firearms
as of Nov 29, 2024
0.00%
MSCI - Tobacco
as of Nov 29, 2024
0.13%
MSCI - UN Global Compact Violators
as of Nov 29, 2024
0.02%
MSCI - Thermal Coal
as of Nov 29, 2024
0.02%
MSCI - Oil Sands
as of Nov 29, 2024
0.02%

Business Involvement Coverage
as of Nov 29, 2024
22.95%
Percentage of Fund not covered
as of Nov 29, 2024
77.05%
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 0.02% and for Oil Sands 0.16%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.67%
Net Expense Ratio 0.40%

Net Expense Ratio excluding Investment Related Expenses is 0.39%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Oct 31, 2024)
Analyst-Driven % as of Oct 31, 2024
55.00
Data Coverage % as of Oct 31, 2024
88.00

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
UNITED STATES TREASURY 15.42
FEDERAL NATIONAL MORTGAGE ASSOCIATION 11.80
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 9.48
FEDERAL HOME LOAN MORTGAGE CORPORATION 8.27
UNIFORM MBS 4.21
Name Weight (%)
T-MOBILE USA INC 2.79
MORGAN STANLEY 2.20
GOLDMAN SACHS GROUP INC/THE 1.54
JPMORGAN CHASE & CO 1.32
HPA_21-2-F 1.01
Name Market Value Weight (%) Shares Maturity Coupon (%)
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2024

% 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

Rick Rieder
Chief Investment Officer of Global Fixed Income

        

Chi Chen
Managing Director

    

David Rogal
Managing Director, Global Fixed Income, Head of Core and Core Plus Fixed Income Strategies, Head of Inflation Linked Portfolios

 

 

Ashley Schulten
Head of ESG Investment, Global Fixed Income

Ashley

Portfolio Manager

Literature

Literature

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