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| 1y | 3y | 5y | 10y | |
|---|---|---|---|---|
| Total Return (%) | 5.26 | 1.37 | 3.08 | 4.15 |
| Return w/ Sales Charge (%) | -0.27 | -0.44 | 1.98 | 3.59 |
| Benchmark (%) | 5.40 | 3.04 | 2.16 | 1.51 |
| Morningstar Category Avg. (%) | 5.22 | 0.71 | 3.72 | 2.78 |
| Morningstar Ranking | 32/45 | 17/45 | 19/41 | 4/32 |
| Morningstar Quartile | 3 | 2 | 2 | 1 |
| Lipper Category Avg. (%) | 27.48 | 10.86 | 15.09 | 12.08 |
| Lipper Ranking | 28/48 | 19/45 | 22/41 | 5/29 |
| Lipper Quartile | 3 | 2 | 3 | 1 |
| YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
|---|---|---|---|---|---|---|---|
| Total Return (%) | 0.11 | -0.11 | -0.52 | 5.26 | 4.17 | 16.40 | 50.12 |
| Return w/ Sales Charge (%) | -5.15 | -5.35 | -5.75 | -0.27 | -1.30 | 10.29 | 42.23 |
| Benchmark (%) | 2.63 | 0.41 | 1.32 | 5.40 | 9.39 | 11.28 | 16.21 |
| Morningstar Category Avg. (%) | 0.54 | 0.20 | -0.20 | 5.22 | 2.14 | 20.04 | 31.54 |
| Lipper Category Avg. (%) | 17.00 | 2.71 | 3.56 | 27.48 | 36.65 | 103.83 | 215.84 |
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Return (%) | 7.16 | 6.03 | 1.60 | -0.25 | 5.15 |
| Annual w/ Sales Charge (%) | 1.53 | 0.47 | -3.74 | -5.49 | -0.37 |
| Benchmark (%) | 2.28 | 0.67 | 0.05 | 1.47 | 5.02 |
| Morningstar Category Avg. (%) | 7.68 | 6.69 | 4.14 | -1.75 | 5.38 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill.
Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more
This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodologies behind Sustainability Characteristics using the links below.
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.
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.
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 is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.
| Gross Expense Ratio | 1.58% |
| Net Expense Ratio | 1.51% |
Net Expense Ratio excluding Investment Related Expenses is 1.37%
| Name | Market Value | Weight (%) | Shares |
|---|
| Name | Fund Weight (%) |
|---|---|
| SCHLUMBERGER NV | -4.57 |
| CHARTER COMMUNICATIONS INC | -4.37 |
| ROYAL BANK OF CANADA | -3.05 |
| ROYAL DUTCH SHELL PLC | -2.94 |
| M&T BANK CORPORATION | -2.85 |
| Name | Fund Weight (%) |
|---|---|
| BB&T CORP | -2.83 |
| NXP SEMICONDUCTORS NV | -2.67 |
| AVAGO TECHNOLOGIES LTD | -2.34 |
| AETNA INC | -1.89 |
| ANTHEM INC | -1.83 |
Mark R. McKenna, Managing Director, is Founder and Global Head of Event Driven. Mr. McKenna is responsible for managing BlackRock's event-driven investing efforts.
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.
The fund is actively managed and its characteristics will vary.
Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.
The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.
Compared to a traditional long only portfolio, the potential for volatility (compared to the market and the funds benchmark) can be greater given the funds additional long exposure along with its short exposure.
Short-selling entails special risks. If the fund makes short sales in securities that increase in value, the fund will lose value. Any loss on short positions may or may not be offset by investing short-sale proceeds in other investments.
Investing involves risk, including possible loss of principal.
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.
BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings.
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USRRMH0324U/S-3443761
