Fixed Income

BOSIX

Strategic Income Opportunities 529 Option

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

This fund does not have any distributions.
  1y 3y 5y 10y Incept.
4.56 3.31 3.29 - 2.56
Benchmark (%) 6.68 5.15 4.49 - 4.01
Morningstar Category Avg. (%) 2.96 2.47 2.43 2.10 -
Morningstar Ranking 34/213 - - - -
Morningstar Quartile 1 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
2.90 0.00 2.81 4.56 10.27 17.59 - 17.00
Benchmark (%) 6.20 -0.18 0.99 6.68 16.25 24.54 - 27.64
Morningstar Category Avg. (%) 2.21 -0.09 0.93 2.96 7.59 12.74 23.08 -
  2015 2016 2017 2018 2019
Total Return (%) - - - - 7.37
Benchmark (%) 0.43 3.91 4.09 -0.25 9.29
Morningstar Category Avg. (%) -1.14 3.07 2.09 0.34 4.95
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.

Key Facts

Key Facts

Size of Class (Millions) as of Nov 25, 2020 $0.2 M
Size of Fund (Millions) as of Nov 25, 2020 $17.1 M
Share Class launch date Jul 15, 2019
Asset Class Fixed Income
Benchmark Index BBG Barc U.S. Universal Index
CUSIP 19452P149
Max Offer Price as of Nov 25, 2020 $12.02
Open to New Investors Yes
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

Alpha (3y) as of - -
R-Squared (3y) as of - -
Beta (3y) as of - -
30 Day SEC Yield as of - -
Yield to Maturity as of Oct 30, 2020 3.55%
Yield to Worst as of Oct 30, 2020 3.42%
Nominal WAL as of Oct 30, 2020 7.89 yrs
Effective Duration 4.53 yrs
Fund Standard Deviation (3y) as of - -
This information must be preceded or accompanied by a current program description. For standardized performance, please see the Performance section above.

Fees

Fees

as of current program description
Gross Expense Ratio 0.96%
Net Expense Ratio 0.96%

Net Expense Ratio excluding Investment Related Expenses is 0.14%

  • Acquired Fund Fees and Expenses 0.82%

Ratings

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO 99.81
The portfolio holds a mutual fund and/or an ETF. Top holdings from the underlying vehicles are listed above for greater visibility

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% of Market Value

Type Fund
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

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

  

Rick Rieder
Chief Investment Officer of Global Fixed Income and Head of the Global Allocation Team

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and is currently a member of the Federal Reserve Investment Advisory Committee on Financial Markets.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.

 

From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.

 

Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

David Rogal
Managing Director

 

 

Portfolio Manager

Literature

Literature

 

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