Overview
Performance
Performance
-
Returns
1y | 3y | 5y | 10y | |
---|---|---|---|---|
Total Return (%) | 11.00 | 2.51 | 3.33 | 2.64 |
Benchmark (%) | 5.46 | 3.50 | 2.32 | 1.65 |
Morningstar Category Avg. (%) | 10.01 | 1.88 | 2.51 | 2.48 |
Morningstar Ranking | 122/284 | 104/266 | 75/244 | - |
Morningstar Quartile | 2 | 2 | 2 | 3 |
Lipper Ranking | 25/70 | 22/61 | 15/58 | - |
Lipper Quartile | 2 | 2 | 2 | - |
YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
---|---|---|---|---|---|---|---|
Total Return (%) | 7.31 | 1.06 | 3.02 | 11.00 | 7.71 | 17.82 | 29.75 |
Benchmark (%) | 4.03 | 0.43 | 1.37 | 5.46 | 10.87 | 12.17 | 17.79 |
Morningstar Category Avg. (%) | 5.44 | -0.47 | 1.30 | 10.01 | 6.24 | 13.97 | 29.12 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Total Return (%) | 7.51 | 4.02 | 3.55 | -8.01 | 9.08 |
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
Sustainability Characteristics
Sustainability Characteristics
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
ESG Integration
ESG Integration
Fees
Fees
Gross Expense Ratio | 1.38% |
Net Expense Ratio | 1.37% |
Net Expense Ratio excluding Investment Related Expenses is 1.08%
- Acquired Fund Fees and Expenses 0.01%
- Interest expense 0.28%
Ratings
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
FRONTIER COMMUNICATIONS PARENT INC | 2.53 |
BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.28 |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.12 |
ITRAXX.XO.42 35-100% | 2.05 |
AT&T INC | 1.92 |
Name | Weight (%) |
---|---|
LIONS GATE ENTERTAINMENT CORP | 1.84 |
BANCO ESPIRITO SANTO SA | 1.66 |
ALTAR BIDCO INC | 1.64 |
VERIZON COMMUNICATIONS INC | 1.55 |
DEVON ENERGY CORPORATION | 1.53 |
Name | Market Value | Weight (%) | Shares | Maturity | Coupon (%) |
---|
Issuer | Weight (%) |
---|---|
FRONTIER COMMUNICATIONS PARENT INC | 2.53 |
BRITISH AIRWAYS PASS THROUGH TRUST_22-1 | 2.28 |
SEAGATE TECHNOLOGY HOLDINGS PLC | 2.12 |
ITRAXX.XO.42 35-100% | 2.05 |
AT&T INC | 1.92 |
Issuer | Weight (%) |
---|---|
LIONS GATE ENTERTAINMENT CORP | 1.84 |
BANCO ESPIRITO SANTO SA | 1.66 |
ALTAR BIDCO INC | 1.64 |
VERIZON COMMUNICATIONS INC | 1.55 |
DEVON ENERGY CORPORATION | 1.53 |
Name | Fund Weight (%) |
---|---|
ITRAXX.EUR.42.V1 | -4.86 |
SOUTHWEST AIRLINES CO | -2.88 |
SIMON PROPERTY GROUP INC | -1.32 |
ZHEJIANG GEELY HOLDING GROUP CO LTD | -0.58 |
ITRAXX.FINSUB.42.V1 | -0.54 |
Name | Fund Weight (%) |
---|---|
GRIFOLS SA | -0.51 |
PANAMA REPUBLIC OF (GOVERNMENT) | -0.45 |
INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA | -0.43 |
ERSTE GROUP BANK AG | -0.41 |
VERISURE TOPHOLDING 2 AB | -0.40 |
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.