Overview
Performance
Performance
Growth of Hypothetical $10,000
Distributions
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Returns
1y | 3y | 5y | 10y | |
---|---|---|---|---|
Total Return (%) | 9.75 | 1.28 | 2.89 | 2.10 |
Benchmark (%) | 5.24 | 2.59 | 2.02 | 1.38 |
Morningstar Category Avg. (%) | 6.95 | 0.96 | 2.36 | 2.21 |
Morningstar Ranking | 40/305 | 108/278 | 72/250 | 87/161 |
Morningstar Quartile | 1 | 2 | 2 | 3 |
Lipper Category Avg. (%) | 6.47 | 0.51 | 1.89 | 1.90 |
Lipper Ranking | 27/79 | 23/66 | 13/64 | 9/50 |
Lipper Quartile | 2 | 2 | 1 | 1 |
YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
---|---|---|---|---|---|---|---|
Total Return (%) | 2.14 | 0.78 | 2.14 | 9.75 | 3.88 | 15.33 | 23.06 |
Benchmark (%) | 1.29 | 0.45 | 1.29 | 5.24 | 7.96 | 10.53 | 14.70 |
Morningstar Category Avg. (%) | 1.62 | 1.03 | 1.62 | 6.95 | 2.89 | 12.35 | 24.44 |
Lipper Category Avg. (%) | 1.22 | 0.95 | 1.22 | 6.47 | 1.69 | 10.19 | 21.38 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Total Return (%) | 7.43 | 3.95 | 3.48 | -8.01 | 8.99 |
Benchmark (%) | 2.28 | 0.67 | 0.05 | 1.47 | 5.02 |
Morningstar Category Avg. (%) | 6.69 | 3.44 | 1.80 | -6.27 | 6.95 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
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.
On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3 Month Treasury Bill Index. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3 Month Treasury Bill Index. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3 Month Treasury Bill Index.
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
ESG Integration
ESG Integration
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.
Fees
Fees
Gross Expense Ratio | 1.50% |
Net Expense Ratio | 1.18% |
Net Expense Ratio excluding Investment Related Expenses is 1.17%
- Acquired Fund Fees and Expenses 0.01%
- Interest expense 0.28%
Ratings
Ratings
Holdings
Holdings
Name | Fund Weight (%) |
---|---|
VERIZON COMMUNICATIONS INC | 2.89 |
BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.45 |
FRONTIER COMMUNICATIONS PARENT INC | 2.34 |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.03 |
LIONS GATE ENTERTAINMENT CORP | 1.90 |
Name | Fund Weight (%) |
---|---|
BANCO ESPIRITO SANTO SA | 1.69 |
ALTAR BIDCO INC | 1.65 |
CHARTER COMMUNICATIONS INC | 1.62 |
SPIRIT AEROSYSTEMS HOLDINGS INC | 1.39 |
SERVICE PROPERTIES TRUST | 1.33 |
Name | Weight (%) |
---|---|
VERIZON COMMUNICATIONS INC | 2.89 |
BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.45 |
FRONTIER COMMUNICATIONS PARENT INC | 2.34 |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.03 |
LIONS GATE ENTERTAINMENT CORP | 1.90 |
Name | Weight (%) |
---|---|
BANCO ESPIRITO SANTO SA | 1.69 |
ALTAR BIDCO INC | 1.65 |
CHARTER COMMUNICATIONS INC | 1.62 |
SPIRIT AEROSYSTEMS HOLDINGS INC | 1.39 |
SERVICE PROPERTIES TRUST | 1.33 |
Name | Weight (%) | Shares | Market Value | Coupon (%) | Maturity |
---|
Name | Fund Weight (%) |
---|---|
ITRAXX.EUR.41.V1 | -6.96 |
SOUTHWEST AIRLINES CO | -2.83 |
ITRAXX.XO.41.V1 | -1.33 |
SIMON PROPERTY GROUP INC | -1.30 |
ITRAXX.FINSUB.41.V1 | -1.20 |
Name | Fund Weight (%) |
---|---|
CDX.NA.HY.42.V1 | -0.91 |
GRIFOLS SA | -0.68 |
ZHEJIANG GEELY HOLDING GROUP CO LTD | -0.60 |
UNICREDIT SPA | -0.51 |
PANAMA REPUBLIC OF (GOVERNMENT) | -0.45 |
Exposure Breakdowns
Exposure Breakdowns
These sectors may contain hedge positions intended to bring the portfolio to a neutral duration and/or currency positioning and are not deemed active credit positions.
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.
Allocations are subject to change.
Portfolio Managers
Portfolio Managers
Carly Wilson, Managing Director, is a member of BlackRock's Global Credit Platform. She is a portfolio manager for the platform's bank loan strategies and global long/short credit strategies.