Fixed Income

BIAKX

BlackRock Systematic ESG Bond Fund

Overview

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Performance

Performance

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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Key Facts

Key Facts

Size of Class (Millions) as of Jul 02, 2020 $0.2 M
Size of Fund (Millions) as of Jul 02, 2020 $54.5 M
Share Class launch date Aug 23, 2016
Asset Class Fixed Income
Morningstar Category Intermediate Core-Plus Bond
Lipper Classification General Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 09260C869
Number of Holdings as of May 29, 2020 363
Max Offer Price as of Jul 02, 2020 $10.65
Open to New Investors Yes
Turnover Percent in the Annual Report 202%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of May 31, 2020 95.93
Beta (3y) as of May 31, 2020 1.01
Average Coupon as of May 29, 2020 4.99%
Nominal WAL as of May 29, 2020 6.98 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 4.10%
Worst 3-Month Return Over the Last 3 Years 3 months ending Feb 28, 2018 -1.90%

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

5
Overall Morningstar Rating for BlackRock Systematic ESG Bond Fund, Class K, as of Jun 30, 2020 rated against 534 Intermediate Core-Plus Bond Funds based on risk adjusted total return.

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 May 31, 2020 out of 35, 6,020, 35, 27 and 35 Funds, respectively in Lipper's General Bond Funds classification.

Holdings

Holdings

as of May 29, 2020
Name Weight (%)
UNIFORM MBS 18.48
UNITED STATES TREASURY 17.55
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 11.73
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.80
FEDERAL HOME LOAN MORTGAGE CORPORATION 1.77
Name Weight (%)
EXXON MOBIL CORP 1.12
SUMITOMO MITSUI FINANCIAL GROUP INC 1.02
AT&T INC 0.99
NVIDIA CORPORATION 0.92
ALIBABA GROUP HOLDING LTD 0.87

Exposure Breakdowns

Exposure Breakdowns

as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% of 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.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Scott Radell
Head of Core Portfolio Management, Systematic Fixed Income

  

Joel Silva
Joel Silva
Portfolio Manager

Literature

Literature

 

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