Fixed Income

BAEDX

Emerging Markets Flexible Dynamic Bond 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
9.13 1.20 4.75 3.31
4.76 -0.17 3.90 2.89
Benchmark (%) 1.57 2.00 1.50 0.90
Morningstar Category Avg. (%) 1.95 2.06 3.07 2.58
Morningstar Ranking 9/300 188/251 32/224 21/81
Morningstar Quartile 1 3 1 2
Lipper Category Avg. (%) -1.64 -0.59 3.99 0.13
Lipper Ranking 9/263 180/240 144/190 51/67
Lipper Quartile 1 3 4 3
  YTD 1m 3m 1y 3y 5y 10y
6.89 -1.41 1.33 9.13 3.64 26.12 38.46
2.62 -5.35 -2.72 4.76 -0.51 21.07 32.92
Benchmark (%) 1.02 0.02 0.08 1.57 6.11 7.72 9.43
Morningstar Category Avg. (%) 0.54 0.17 0.63 1.95 6.31 16.31 29.06
Lipper Category Avg. (%) -6.42 -1.87 0.89 -1.64 -1.66 21.88 1.72
  2015 2016 2017 2018 2019
Total Return (%) 3.86 12.57 5.29 -10.98 6.05
Benchmark (%) 0.23 0.66 1.11 2.08 2.60
Morningstar Category Avg. (%) -1.41 5.28 4.06 -1.17 6.69
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. The predecessor fund's returns between September 3, 2012 and January 2, 2014 are the returns of the predecessor fund when it followed different investment strategies under the name “BlackRock Emerging Market Local Debt Portfolio." The predecessor fund's returns prior to September 3, 2012 are the returns of the predecessor fund when it followed different investment strategies under the name "BlackRock Emerging Market Debt Portfolio."

Key Facts

Key Facts

Size of Class (Millions) as of Nov 23, 2020 $6.8 M
Size of Fund (Millions) as of Nov 23, 2020 $82.7 M
Share Class launch date Feb 01, 2008
Asset Class Fixed Income
Morningstar Category Nontraditional Bond
Lipper Classification Emerging Mkts Debt Funds
Benchmark Index LIBOR 3 Month Index
CUSIP 09260B846
Distribution Frequency None
Number of Holdings as of Oct 30, 2020 117
Max Offer Price as of Nov 23, 2020 $8.98
Open to New Investors Yes
Turnover Percent in the Annual Report 118%

Portfolio Characteristics

Portfolio Characteristics

Alpha (3y) as of Oct 31, 2020 0.03
R-Squared (3y) as of Oct 31, 2020 0.02
Beta (3y) as of Oct 31, 2020 0.55
30 Day SEC Yield as of Oct 31, 2020 4.49%
Unsubsidized 30-Day SEC Yield as of Oct 31, 2020 3.35%
Yield to Maturity as of Oct 30, 2020 5.49%
Yield to Worst as of Oct 30, 2020 5.49%
Weighted Average Life as of Oct 30, 2020 13.79 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jul 31, 2020 12.13%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2018 -6.90%
Fund Standard Deviation (3y) as of Oct 31, 2020 10.04
Modified Duration 6.10 yrs

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.46%
Net Expense Ratio 0.93%

Net Expense Ratio excluding Investment Related Expenses is 0.93%

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

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 Oct 31, 2020 out of 240, 6,065, 240, 175 and 240 Funds, respectively in Lipper's Emerging Mkts Debt Funds classification.

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
UKRAINE REPUBLIC OF (GOVERNMENT) 8.28
EGYPT (ARAB REPUBLIC OF) 7.33
UNITED STATES TREASURY 7.12
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 4.80
DOMINICAN REPUBLIC (GOVERNMENT) 4.63
Name Weight (%)
PETROBRAS GLOBAL FINANCE BV 3.84
ROMANIA (REPUBLIC OF) 3.57
GHANA (REPUBLIC OF) 3.46
ARGENTINA REPUBLIC OF GOVERNMENT 3.45
GABON REPUBLIC OF (GOVERNMENT) 2.68

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
Allocations subject to change.
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
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

Sergio Trigo Paz
Head of BlackRock Emerging Markets Fixed Income

    

Laurent Develay
Laurent Develay
Michal Wozniak
Michal Wozniak
Portfolio Manager

Literature

Literature

 

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