Fixed Income

BIAAX

Impact 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.
-0.61 - - - -0.27
-4.59 - - - -1.98
Benchmark (%) Index: BBG Barc U.S. Aggregate Index.<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. 0.01 - - - 0.15
Morningstar Category Avg. (%) Intermediate-Term Bond 1.67 2.32 2.27 4.47 -
Lipper Ranking Rankings are based on total return excluding sales charges. 21/49 - - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 - - - -
  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.
-0.61 1.45 1.01 -0.61 - - - -0.63
-4.59 -2.61 -3.04 -4.59 - - - -4.61
Benchmark (%) Index: BBG Barc U.S. Aggregate Index.<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. 0.01 1.84 1.64 0.01 - - - 0.36
Morningstar Category Avg. (%) Intermediate-Term Bond 1.28 1.28 2.96 1.67 7.13 11.89 54.90 -
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 26, 2019 $0.5 M
Size of Fund (Millions) as of Mar 26, 2019 $25.4 M
Share Class launch date Aug 23, 2016
Asset Class Fixed Income
Morningstar Category Intermediate-Term Bond
Lipper Classification General Bond Funds
Benchmark Index BBG Barc U.S. Aggregate Index
CUSIP 09260C802
Number of Holdings as of Feb 28, 2019 279
Max Offer Price as of Mar 25, 2019 $10.14
Open to New Investors Yes
Turnover Percent as of Feb 28, 2019 530%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Feb 28, 2019 0.00
Beta (3y) as of Feb 28, 2019 0.00
Average Coupon as of Feb 28, 2019 6.63%
Nominal WAL as of Feb 28, 2019 6.17 yrs

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

Holdings

Holdings

as of Feb 28, 2019
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 17.96
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 8.70
UNITED STATES TREASURY 5.99
FEDERAL HOME LOAN MORTGAGE CORPORATION 3.59
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 3.56
Name Weight (%)
MORGAN STANLEY 1.25
JPMORGAN CHASE & CO 1.22
GOLDMAN SACHS GROUP INC/THE 1.20
CHARTER COMMUNICATIONS OPERATING LLC 1.09
CITIGROUP INC 1.04

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% 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
Scott Radell
Joel Silva
Joel Silva
Portfolio Manager

Literature

Literature

 

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