BlackRock Funds IV - BlackRock Global Long/Short Credit Fd USD Cls K
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.10
$1.67 B
3.34%
$0.30
1.39%
Vitals
YTD Return
2.4%
1 yr return
8.3%
3 Yr Avg Return
1.1%
5 Yr Avg Return
3.5%
Net Assets
$1.67 B
Holdings in Top 10
30.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 156.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$9.10
$1.67 B
3.34%
$0.30
1.39%
BDMKX - Profile
Distributions
- YTD Total Return 2.4%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.85%
- Dividend Yield 3.3%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameBlackRock Funds IV - BlackRock Global Long/Short Credit Fd USD Cls K
-
Fund Family NameBlackRock
-
Inception DateSep 17, 2018
-
Shares Outstanding23848964
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJoshua Tarnow
Fund Description
BDMKX - Performance
Return Ranking - Trailing
Period | BDMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.4% | -11.1% | 7.4% | 15.73% |
1 Yr | 8.3% | -9.3% | 25.4% | 16.98% |
3 Yr | 1.1%* | -17.4% | 17.4% | 23.69% |
5 Yr | 3.5%* | -13.4% | 14.9% | 11.93% |
10 Yr | N/A* | -13.6% | 6.5% | 69.23% |
* Annualized
Return Ranking - Calendar
Period | BDMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.5% | -12.0% | 15.7% | 7.15% |
2022 | -15.1% | -31.8% | 18.4% | 70.02% |
2021 | -0.1% | -26.6% | 25.7% | 22.90% |
2020 | 0.0% | -49.2% | 18.7% | 66.31% |
2019 | 3.5% | -35.1% | 15.3% | 67.62% |
Total Return Ranking - Trailing
Period | BDMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.4% | -11.1% | 7.4% | 15.73% |
1 Yr | 8.3% | -9.3% | 25.4% | 16.98% |
3 Yr | 1.1%* | -17.4% | 17.4% | 23.69% |
5 Yr | 3.5%* | -13.4% | 14.9% | 11.93% |
10 Yr | N/A* | -13.6% | 6.5% | 66.76% |
* Annualized
Total Return Ranking - Calendar
Period | BDMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.1% | -7.0% | 22.2% | 32.66% |
2022 | -8.0% | -31.8% | 21.1% | 43.22% |
2021 | 3.5% | -13.5% | 49.9% | 21.75% |
2020 | 4.0% | -28.6% | 24.1% | 64.35% |
2019 | 11.4% | -4.8% | 19.1% | 22.80% |
NAV & Total Return History
BDMKX - Holdings
Concentration Analysis
BDMKX | Category Low | Category High | BDMKX % Rank | |
---|---|---|---|---|
Net Assets | 1.67 B | 2.53 M | 143 B | 33.39% |
Number of Holdings | 682 | 4 | 9868 | 37.36% |
Net Assets in Top 10 | 268 M | -1.57 B | 65.8 B | 43.33% |
Weighting of Top 10 | 30.38% | 0.7% | 171.7% | 44.41% |
Top 10 Holdings
- BlackRock Liquidity T-Fund Instl 14.28%
- AMERICAN AIRLINES PASS THROUGH TRUSTS 4.13% 4.58%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
- Informatica Llc Tl-B 2.51%
Asset Allocation
Weighting | Return Low | Return High | BDMKX % Rank | |
---|---|---|---|---|
Bonds | 75.57% | -150.81% | 196.48% | 71.59% |
Cash | 18.05% | -94.66% | 258.91% | 10.99% |
Stocks | 3.16% | -4.18% | 99.88% | 27.47% |
Other | 2.69% | -62.91% | 100.00% | 48.04% |
Convertible Bonds | 0.53% | 0.00% | 33.50% | 65.45% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 74.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | BDMKX % Rank | |
---|---|---|---|---|
Communication Services | 39.47% | 0.00% | 100.00% | 4.30% |
Technology | 28.30% | 0.00% | 28.30% | 0.86% |
Real Estate | 7.04% | 0.00% | 100.00% | 20.92% |
Financial Services | 6.03% | 0.00% | 100.00% | 43.55% |
Energy | 4.71% | 0.00% | 100.00% | 58.74% |
Basic Materials | 4.67% | 0.00% | 100.00% | 21.49% |
Healthcare | 3.38% | 0.00% | 18.60% | 24.64% |
Industrials | 3.07% | 0.00% | 100.00% | 38.68% |
Consumer Cyclical | 2.59% | 0.00% | 89.95% | 35.24% |
Utilities | 0.74% | 0.00% | 100.00% | 40.40% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 71.63% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BDMKX % Rank | |
---|---|---|---|---|
US | 3.13% | -4.11% | 99.88% | 26.69% |
Non US | 0.03% | -0.07% | 17.73% | 13.03% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BDMKX % Rank | |
---|---|---|---|---|
Corporate | 61.70% | 0.00% | 96.66% | 20.16% |
Cash & Equivalents | 25.53% | 0.00% | 74.29% | 7.40% |
Securitized | 10.43% | 0.00% | 99.65% | 66.24% |
Government | 1.79% | 0.00% | 99.43% | 77.76% |
Derivative | 0.55% | -62.91% | 37.37% | 22.99% |
Municipal | 0.00% | 0.00% | 54.26% | 72.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BDMKX % Rank | |
---|---|---|---|---|
US | 66.12% | -151.11% | 196.48% | 66.88% |
Non US | 9.45% | 0.00% | 67.77% | 32.65% |
BDMKX - Expenses
Operational Fees
BDMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.39% | 0.03% | 20.67% | 39.59% |
Management Fee | 0.93% | 0.00% | 2.29% | 82.24% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.06% | 0.00% | 0.70% | 24.41% |
Sales Fees
BDMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
BDMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
BDMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 156.00% | 0.00% | 632.00% | 84.40% |
BDMKX - Distributions
Dividend Yield Analysis
BDMKX | Category Low | Category High | BDMKX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.34% | 0.00% | 13.05% | 83.36% |
Dividend Distribution Analysis
BDMKX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
BDMKX | Category Low | Category High | BDMKX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.85% | -1.55% | 10.56% | 18.02% |
Capital Gain Distribution Analysis
BDMKX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.304 | OrdinaryDividend |
Dec 19, 2022 | $0.704 | OrdinaryDividend |
Dec 22, 2021 | $0.361 | OrdinaryDividend |
Dec 23, 2020 | $0.400 | OrdinaryDividend |
Dec 19, 2019 | $0.738 | CapitalGainShortTerm |
Dec 19, 2019 | $0.039 | OrdinaryDividend |
Dec 21, 2018 | $0.584 | OrdinaryDividend |
BDMKX - Fund Manager Analysis
Managers
Joshua Tarnow
Start Date
Tenure
Tenure Rank
Sep 30, 2011
10.67
10.7%
Joshua Tarnow, Managing Director, is a member of the Corporate Credit Group within BlackRock Fundamental Fixed Income. He is a portfolio manager on the Leveraged Finance Portfolio Team. Prior to joining BlackRock in 2009, Mr. Tarnow was a Senior Partner and head of Aviation and Private Investment at R3 Capital. Prior to R3, he was a Managing Director and head of the Aviation Group for Lehman Brothers' Global Principal Strategies team, which he joined in 2006. He built a unique business model that included a fleet of corporate and commercial aircraft, private equity investments, and a trading platform with positions in the credit, equity, and structured volatility markets of the aerospace sector. In 2003, Mr. Tarnow formed the Aviation Finance Group within the firm's Fixed Income Division. Earlier in his 17-year career at Lehman Brothers, Mr. Tarnow was a member of the Corporate Bond Trading Desk and traded in sectors including Industrials, Utilities, and Transportation. Mr. Tarnow earned a BA degree from the University of Wisconsin-Madison in 1990
Stephen Gough
Start Date
Tenure
Tenure Rank
Jul 25, 2017
4.85
4.9%
Director of BlackRock, Inc. since 2014; Portfolio Manager at Goldentree Asset Management from 2013 to 2014; Analyst at Claren Road Asset Management from 2007 to 2013; Director at UBS from 2006 to 2007; Portfolio Manager at Standard Bank from 2004 to 2005.
Carly Wilson
Start Date
Tenure
Tenure Rank
Jul 25, 2017
4.85
4.9%
Carly Wilson, Director, is a portfolio manager on the Global Long Short Credit team. Before this role, she was a portfolio manager on the Leveraged Finance Credit Team responsible for managing Bank Loan strategies. Prior to joining BlackRock in 2009, Ms. Wilson was an Associate and trader in the US Leveraged Loans group at R3 Capital Partners. Previously, she was with Lehman Brothers for four years, most recently in the Global Principal Strategies team. Earlier, she was in Lehman Brothers' Equity and Capital Structure Arbitrage Group. Ms. Wilson earned a BS degree in economics from the University of Pennsylvania Wharton School of Business in 2004.
Jose Aguilar
Start Date
Tenure
Tenure Rank
Jul 25, 2017
4.85
4.9%
Jose Aguilar is Managing Director of BlackRock, Inc. since 2016 and Director of BlackRock, Inc. from 2013 to 2016. Previously, Jose was Vice President of BlackRock, Inc. from 2011 to 2013 and Associate of BlackRock, Inc. from 2009 to 2011. Prior to this, Jose was Associate of R3 Capital Partners from 2008 to 2009.
David Taerstein
Start Date
Tenure
Tenure Rank
May 19, 2021
1.03
1.0%
Director of BlackRock, Inc. since 2013; Vice President of BlackRock, Inc. from 2007 to 2013; Associate at BlackRock, Inc. from 2004 to 2007
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.78 | 3.19 |