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Fixed Income

MPHQX

Total Return Fund

Overview

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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.

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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Key Facts

Key Facts

Size of Class (Millions) as of Oct 21, 2019 $6,024.8 M
Size of Fund (Millions) as of Oct 21, 2019 $14,933.7 M
Share Class launch date Dec 07, 2001
Asset Class Fixed Income
Morningstar Category Intermediate Core-Plus Bond
Lipper Classification Core Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 09252M743
Number of Holdings as of Sep 30, 2019 3,541
Max Offer Price as of Oct 21, 2019 $11.88
Open to New Investors Yes
Turnover Percent as of Sep 30, 2019 734%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Sep 30, 2019 96.23
Beta (3y) as of Sep 30, 2019 0.93
Best 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 4.29%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2016 -2.36%
Fund Standard Deviation (3y) as of Sep 30, 2019 3.18

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 Total Return Fund, Class K, as of Sep 30, 2019 rated against 539 Intermediate Core-Plus 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 447, 5,851, 452, 262 and 452 Funds, respectively in Lipper's Core Bond Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Dec 11, 2018) ‡

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
UNIFORM MBS 15.60
FEDERAL NATIONAL MORTGAGE ASSOCIATION 13.06
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 10.01
UNITED STATES TREASURY 8.34
FEDERAL HOME LOAN MORTGAGE CORPORATION 4.23
Name Weight (%)
JPMORGAN CHASE & CO 1.44
BANK OF AMERICA CORP 1.42
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 1.05
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 0.88
WELLS FARGO & COMPANY 0.73

Exposure Breakdowns

Exposure Breakdowns

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

% Market Value

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

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Sep 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.
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

Portfolio Managers

Portfolio Managers

Rick Rieder
Chief Investment Officer and Co-Head of Global Fixed Income

    

Bob Miller
Head of U.S. Multi-Sector Fixed Income

  

David Rogal
Managing Director

 

 

Portfolio Manager

Literature

Literature

 

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