Skip to content

Fixed Income

CLDBX

Low Duration Bond Fund

Overview

Loading

Performance

Performance

  • Returns

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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
BlackRock Fixed Income Funds Delivered
19 of 24 U.S. bond funds, accounting for 97% of our active mutual fund assets, outperformed within their Morningstar peer groups. Based on institutional share class.*
BlackRock Fixed Income Funds Delivered

Key Facts

Key Facts

Size of Class (Millions) as of Sep 13, 2019 $516.9 M
Size of Fund (Millions) as of Sep 13, 2019 $7,355.5 M
Share Class launch date Jun 03, 1997
Asset Class Fixed Income
Morningstar Category Short-Term Bond
Lipper Classification Sht Inv Grade Debt Funds
Benchmark Index ICE BofAML US Corp & Govt Index, 1-3 Yrs (B1A0)
CUSIP 09260B440
Number of Holdings as of Aug 30, 2019 678
Max Offer Price as of Sep 13, 2019 $9.60
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 218%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Aug 31, 2019 75.63
Beta (3y) as of Aug 31, 2019 0.83
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 1.80%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2018 -0.18%
Fund Standard Deviation (3y) as of Aug 31, 2019 0.92

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.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Low Duration Bond Fund, Class K, as of Aug 31, 2019 rated against 490 Short-Term Bond Funds.

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 Aug 31, 2019 out of 314, 5,851, 319, 164 and 319 Funds, respectively in Lipper's Sht Inv Grade Debt Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Mar 14, 2019) ‡

Holdings

Holdings

as of Aug 30, 2019
Name Weight (%)
UNIFORM MBS 7.45
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.46
UNITED STATES TREASURY 4.15
ISHARES ULTRASHORT DURATION BOND FUND 2.17
FEDERAL HOME LOAN MORTGAGE CORPORATION 1.77
Name Weight (%)
CANADA HOUSING TRUST NO.1 1.12
BANK OF AMERICA CORP 1.07
FORDL_19-A-A2A 0.96
JPMORGAN CHASE BANK NA 0.88
JPMORGAN CHASE & CO 0.83

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Aug 30, 2019

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Aug 30, 2019

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Aug 30, 2019

% 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

Thomas Musmanno, CFA
Managing Director

  

Scott MacLellan, CFA
Portfolio Manager, BlackRock Global Fixed Income Group

  

Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio