Overview
Performance
Performance
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Returns
1y | 3y | 5y | 10y | |
---|---|---|---|---|
Total Return (%) | 13.15 | -0.82 | 1.17 | 1.99 |
Return w/ Sales Charge (%) | 8.63 | -2.16 | 0.35 | 1.58 |
Benchmark (%) | 12.32 | -1.20 | 0.04 | 1.41 |
Morningstar Category Avg. (%) | 12.88 | 1.07 | 2.35 | 2.94 |
Morningstar Ranking | 178/358 | 315/325 | 251/272 | 179/189 |
Morningstar Quartile | 2 | 4 | 4 | 4 |
Lipper Category Avg. (%) | 12.19 | -0.55 | 0.44 | 1.34 |
Lipper Ranking | 32/149 | 45/134 | 24/119 | 13/88 |
Lipper Quartile | 1 | 2 | 1 | 1 |
YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
---|---|---|---|---|---|---|---|
Total Return (%) | 6.63 | 1.23 | 4.84 | 13.15 | -2.45 | 6.00 | 21.81 |
Return w/ Sales Charge (%) | 2.36 | -2.82 | 0.64 | 8.63 | -6.35 | 1.76 | 16.94 |
Benchmark (%) | 4.50 | 1.19 | 5.53 | 12.32 | -3.55 | 0.22 | 15.05 |
Morningstar Category Avg. (%) | 5.50 | -1.16 | 1.40 | 12.88 | 4.28 | 14.05 | 36.10 |
Lipper Category Avg. (%) | 5.61 | 1.20 | 5.01 | 12.19 | -1.47 | 2.41 | 14.51 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Total Return (%) | 6.60 | 5.47 | 2.23 | -13.83 | 6.26 |
Annual w/ Sales Charge (%) | 2.34 | 1.26 | -1.86 | -17.28 | 2.01 |
Benchmark (%) | 6.35 | 3.87 | -1.04 | -11.81 | 5.05 |
Morningstar Category Avg. (%) | 9.80 | 4.84 | 2.49 | -9.85 | 8.13 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
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.
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.
ESG Integration
ESG Integration
Fees
Fees
Gross Expense Ratio | 0.91% |
Net Expense Ratio | 0.70% |
Net Expense Ratio excluding Investment Related Expenses is 0.70%
- Acquired Fund Fees and Expenses 0.00%
- Interest expense 0.00%
Ratings
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
UMBS 30YR TBA(REG A) | 12.79 |
FHLMC 30YR UMBS SUPER | 5.60 |
FHLMC 30YR UMBS | 4.57 |
GNMA2 30YR TBA(REG C) | 2.90 |
FNMA 30YR UMBS | 2.33 |
Name | Weight (%) |
---|---|
FHLMC_5330B FA | 1.47 |
GNMA_22-88D IA | 1.02 |
GNMA_21-97C LI | 0.77 |
FNMA 30YR UMBS SUPER | 0.70 |
HOF_20-2 B1 144A | 0.68 |
Name | Market Value | Weight (%) | Shares | Maturity | Coupon (%) |
---|
Exposure Breakdowns
Exposure Breakdowns
Allocations are subject to change.
Portfolio Managers
Portfolio Managers
Samir Lakhani, Managing Director, is Co-Head of the Securitized Assets Team within Global Fixed Income. Since 2012, Mr. Lakhani has led the CMBS and Senior CRE Debt business and continues to act as a Lead CMBS / CRE Debt Portfolio Manager in addition to his other responsibilities. Mr. Lakhani is a member of various BlackRock Investment Committees including the Commercial Mortgage Loan Committee within Fixed Income and the Real Estate Debt Investment Committee within BlackRock's Real Assets Group.
Prior to joining BlackRock in 2009, Mr. Lakhani was a Vice President at R3 Capital Partners, where he invested in securitized assets including ABS, CMBS, CLO's and Specialty Finance transactions. Mr. Lakhani held similar roles at Lehman Brothers in their Global Principal Strategies group. Mr. Lakhani joined Lehman Brothers in 2006 initially in Structured Credit Products. Previously, Mr. Lakhani held positions at JP Morgan Partners, in their Private Equity and Mezzanine Debt group, from 2001 to 2004.
Mr. Lakhani served on the Board of Governors for the Commercial Real Estate Finance Council ("CREFC") from 2012 - 2018. Mr. Lakhani earned a B.S. Degree in Economics and a B.S. Degree in Engineering, summa cum laude, from the University of Pennsylvania, and an MBA degree from Harvard Business School.