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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.22

$3.92 B

3.96%

$0.33

0.78%

Vitals

YTD Return

-0.1%

1 yr return

1.7%

3 Yr Avg Return

-3.5%

5 Yr Avg Return

-0.4%

Net Assets

$3.92 B

Holdings in Top 10

19.7%

52 WEEK LOW AND HIGH

$8.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.22

$3.92 B

3.96%

$0.33

0.78%

BCBAX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -3.5%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Core Bond Portfolio
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Mar 30, 1998
  • Shares Outstanding
    44601858
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rick Rieder

Fund Description

The Core Bond Fund normally invests at least 80% of its assets in bonds and maintains an average portfolio duration that is within ±20% of the duration of the benchmark. As of December 31, 2022, the average duration of the benchmark, the Bloomberg U.S. Aggregate Bond Index, was 6.32 years, as calculated by BlackRock.
The Core Bond Fund may invest up to 25% of its assets in assets of foreign issuers, of which 10% (as a percentage of the Fund’s assets) may be invested in emerging markets issuers. Up to 10% of the Core Bond Fund’s assets may be exposed to non-US currency risk. A bond of a foreign issuer, including an emerging market issuer, will not count toward the 10% limit on non-US currency exposure if the bond is either (i) US dollar-denominated or (ii) non-US dollar-denominated, but hedged back to US dollars.
The Core Bond Fund only buys securities that are rated investment grade at the time of purchase by at least one major rating agency or determined by the Core Bond Fund’s management team to be of similar quality. Split rated bonds will be considered to have the higher credit rating.
The management team evaluates sectors of the bond market and individual securities within these sectors. The management team selects bonds from several sectors including: U.S. Treasuries and agency securities, commercial and residential mortgage-backed securities, collateralized mortgage obligations (“CMOs”), asset-backed securities and corporate bonds.
The Core Bond Fund may buy or sell options or futures on a security or an index of securities, or enter into credit default swaps and interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives). The Core Bond Fund may use derivative instruments to hedge its investments or to seek to enhance returns. The Core Bond Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements and mortgage dollar rolls).
The Core Bond Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
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BCBAX - Performance

Return Ranking - Trailing

Period BCBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -4.5% 5.2% 70.75%
1 Yr 1.7% -7.2% 12.7% 93.75%
3 Yr -3.5%* -10.8% 26.7% 76.46%
5 Yr -0.4%* -7.1% 191.4% 76.23%
10 Yr 1.3%* -2.5% 73.8% 56.88%

* Annualized

Return Ranking - Calendar

Period BCBAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -16.2% 8.1% 58.89%
2022 -15.8% -34.7% 131.9% 44.83%
2021 -3.6% -11.6% 4.4% 55.45%
2020 2.3% -10.1% 946.1% 80.60%
2019 6.6% -1.7% 16.9% 17.54%

Total Return Ranking - Trailing

Period BCBAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -4.5% 5.2% 70.75%
1 Yr 1.7% -7.2% 12.7% 93.75%
3 Yr -3.5%* -10.8% 26.7% 76.46%
5 Yr -0.4%* -7.1% 191.4% 76.23%
10 Yr 1.3%* -2.5% 73.8% 56.88%

* Annualized

Total Return Ranking - Calendar

Period BCBAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -11.3% 11.0% 76.06%
2022 -13.9% -32.2% 131.9% 59.50%
2021 -1.6% -9.4% 9.2% 73.89%
2020 8.2% -1.9% 1009.0% 51.28%
2019 9.2% 1.1% 21668.0% 40.77%

NAV & Total Return History


BCBAX - Holdings

Concentration Analysis

BCBAX Category Low Category High BCBAX % Rank
Net Assets 3.92 B 2.9 M 314 B 28.54%
Number of Holdings 2397 1 17816 15.11%
Net Assets in Top 10 771 M 1.57 M 34.8 B 34.24%
Weighting of Top 10 19.67% 4.4% 132.5% 67.04%

Top 10 Holdings

  1. Uniform Mortgage-Backed Securities 5.53%
  2. Uniform Mortgage-Backed Securities 2.76%
  3. BlackRock Liquidity Funds, T-Fund, Institutional Class 1.78%
  4. Uniform Mortgage-Backed Securities 1.56%
  5. U.S. Treasury Notes 1.51%
  6. U.S. Treasury Notes 1.49%
  7. Uniform Mortgage-Backed Securities 1.47%
  8. U.S. Treasury Notes 1.23%
  9. Uniform Mortgage-Backed Securities 1.20%
  10. U.S. Treasury Inflation Linked Notes 1.15%

Asset Allocation

Weighting Return Low Return High BCBAX % Rank
Bonds
106.81% 0.00% 211.59% 12.16%
Cash
1.90% -54.51% 87.74% 60.32%
Other
0.97% -16.94% 53.20% 71.70%
Convertible Bonds
0.86% 0.00% 7.93% 72.31%
Stocks
0.00% 0.00% 99.99% 67.14%
Preferred Stocks
0.00% 0.00% 74.98% 65.06%

Bond Sector Breakdown

Weighting Return Low Return High BCBAX % Rank
Corporate
26.31% 0.00% 100.00% 64.00%
Government
22.29% 0.00% 86.23% 55.78%
Securitized
21.49% 0.00% 98.40% 78.09%
Cash & Equivalents
1.90% 0.00% 83.04% 57.60%
Municipal
0.63% 0.00% 100.00% 36.21%
Derivative
-0.05% -9.72% 50.66% 90.63%

Bond Geographic Breakdown

Weighting Return Low Return High BCBAX % Rank
US
103.38% 0.00% 211.59% 15.21%
Non US
3.43% 0.00% 33.48% 15.01%

BCBAX - Expenses

Operational Fees

BCBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.01% 39.10% 42.31%
Management Fee 0.34% 0.00% 1.76% 43.34%
12b-1 Fee 0.25% 0.00% 1.00% 40.51%
Administrative Fee 0.04% 0.01% 0.50% 16.12%

Sales Fees

BCBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.00% 5.75% 40.15%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BCBAX 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.

BCBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 86.51%

BCBAX - Distributions

Dividend Yield Analysis

BCBAX Category Low Category High BCBAX % Rank
Dividend Yield 3.96% 0.00% 10.11% 50.05%

Dividend Distribution Analysis

BCBAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

BCBAX Category Low Category High BCBAX % Rank
Net Income Ratio 1.10% -1.28% 4.79% 85.05%

Capital Gain Distribution Analysis

BCBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BCBAX - Fund Manager Analysis

Managers

Rick Rieder


Start Date

Tenure

Tenure Rank

Aug 06, 2010

11.82

11.8%

Rick Rieder, Managing Director, is BlackRock's Global Chief Investment Officer of Fixed Income, and Co-head of BlackRock's Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock firm-wide 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. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013, and was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014. 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 Investment Committee and is the Vice Chairman of the Finance 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 of the Board of North Star Academy's eleven 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 a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County 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.

Bob Miller


Start Date

Tenure

Tenure Rank

Oct 17, 2011

10.63

10.6%

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety

Akiva Dickstein


Start Date

Tenure

Tenure Rank

Jan 28, 2016

6.34

6.3%

Akiva Dickstein, Managing Director, is Head of Customized Core Portfolios within BlackRock's Americas Fixed Income Alpha Strategies and a member of the Americas Fixed Income Executive Team. Mr. Dickstein has been the lead portfolio manager on BlackRock's mortgage portfolios since joining BlackRock in 2009. Prior to that, Mr. Dickstein spent eight years at Merrill Lynch, where he served as Managing Director and head of the U.S. Rates & Structured Credit Research Group. He was responsible for the team that produced MBS, ABS, CMBS, Treasuries, swaps, and interest rate derivatives research. Mr. Dickstein's publications on MBS strategy included the weekly Mortgage Investor as well as numerous lengthier articles on topics such as optimal loan modifications, the valuation of credit-sensitive MBS and ABS, and the pricing of mortgage derivatives, options, and pass-throughs. In addition, he developed Merrill's prepayment models for fixed rate and hybrid MBS. From 1993 to 2001, Mr. Dickstein was with Lehman Brothers, most recently as a Senior Vice President in Mortgage Derivatives Trading. In this role, he traded mortgage derivatives and developed Lehman's credit default model. He joined Lehman as a mortgage and asset-backed securities analyst and was named to Institutional Investor's All American Fixed Income Research Team in pass-throughs, non-agency mortgages, and asset-backed securities. Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993.

David Rogal


Start Date

Tenure

Tenure Rank

Jan 27, 2017

5.34

5.3%

Mr. Rogal began his career at BlackRock in 2006 as an analyst in the Financial Institutions Group. Mr. Rogal earned a BA degree in economics and biology from Cornell University in 2006, with concentrations in statistics and genetics. He is a member of the Phi Beta Kappa society, for which he currently serves on the alumni board of directors.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16