Fixed Income

BLDCX

Low Duration Bond Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-0.01 0.62 0.41 2.39 3.00
-0.99 0.62 0.41 2.39 3.00
Benchmark (%) Index: ICE BofAML US Corp & Govt Index, 1-3 Yrs (B1A0).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 1.63 1.26 1.04 1.56 3.79
Morningstar Category Avg. (%) Short-Term Bond 1.90 1.87 1.35 2.66 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 478/530 425/472 354/410 138/262 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 4 4 3 -
Lipper Category Avg. (%) Sht Inv Grade Debt Funds 1.03 1.67 1.17 2.64 -
Lipper Ranking Rankings are based on total return excluding sales charges. 342/357 297/317 234/262 95/168 -
Lipper Quartile Rankings are based on total return excluding sales charges. 4 4 4 3 -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-0.01 0.36 0.21 -0.01 1.87 2.06 26.70 118.78
-0.99 -0.64 -0.79 -0.99 1.87 2.06 26.70 118.78
Benchmark (%) Index: ICE BofAML US Corp & Govt Index, 1-3 Yrs (B1A0).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 1.63 0.76 1.17 1.63 3.82 5.33 16.71 167.67
Morningstar Category Avg. (%) Short-Term Bond 0.71 0.71 1.24 1.90 5.05 6.42 29.88 -
Lipper Category Avg. (%) Sht Inv Grade Debt Funds 1.03 0.34 0.38 1.03 5.11 6.03 30.38 -
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.

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.

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Distributions

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BlackRock Fixed Income Funds Delivered
21 of 25 U.S. bond funds, accounting for 99% of our assets, outperformed within their Morningstar peer groups. Based on Inst. shares.*
22 of 25 U.S. bond funds, accounting for 88% of our bond funds, are in the least expensive quartile. Based on Inst. shares.†
See the numbers See the numbers

Key Facts

Key Facts

Size of Class (Millions) as of Mar 22, 2019 $165.3 M
Size of Fund (Millions) as of Mar 22, 2019 $6,400.0 M
Share Class launch date Feb 24, 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 09260B499
Number of Holdings as of Feb 28, 2019 599
Max Offer Price as of Mar 22, 2019 $9.53
Open to New Investors Yes
Turnover Percent as of Feb 28, 2019 218%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Feb 28, 2019 66.48
Beta (3y) as of Feb 28, 2019 0.79
Best 3-Month Return Over the Last 3 Years 3 months ending Feb 28, 2019 1.20%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2018 -0.44%
Fund Standard Deviation (3y) as of Feb 28, 2019 0.77

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

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 Jan 31, 2019 out of 310, 5,771, 315, 58 and 315 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 Feb 28, 2019
Name Weight (%)
UNITED STATES TREASURY 13.41
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.49
ISHARES ULTRASHORT DURATION BOND FUND 2.48
ITALY (REPUBLIC OF) 1.64
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.30
Name Weight (%)
FORD MOTOR CREDIT COMPANY LLC 1.12
FORDL 2019-A-A2A 1.09
BANK OF AMERICA CORP 1.05
CITIZENS BANK NA/ PROVIDENCE RI 0.99
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 0.96

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Feb 28, 2019

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2019

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Feb 28, 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

 

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