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Name

As of 07/24/2024

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

BlackRock Advantage CoreAlpha Bond Fund

BCRCX | Fund

$8.64

$712 M

3.59%

$0.31

1.30%

Vitals

YTD Return

0.2%

1 yr return

3.2%

3 Yr Avg Return

-4.8%

5 Yr Avg Return

-1.3%

Net Assets

$712 M

Holdings in Top 10

10.1%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 219.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/24/2024

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

BlackRock Advantage CoreAlpha Bond Fund

BCRCX | Fund

$8.64

$712 M

3.59%

$0.31

1.30%

BCRCX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -4.8%
  • 5 Yr Annualized Total Return -1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Advantage CoreAlpha Bond Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 17, 2018
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Radell

Fund Description

The Fund invests, under normal circumstances, at least 80% of the value of the Fund’s net assets, plus the amount of any borrowing for investment purposes, in bonds. For the purposes of this strategy, “bonds” include the following: obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, including U.S. agency mortgage pass-through securities; commercial mortgage-backed securities; mortgage to-be-announced (“TBA”) securities; debt obligations of U.S. issuers; municipal securities; asset-backed securities; and U.S.-registered dollar-denominated debt obligations of foreign issuers. The Fund may invest in bonds issued by companies located in countries other than the United States, including companies in emerging markets. These securities may have all types of interest rate payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features. The Fund seeks to invest a substantial portion of its assets in U.S.-registered, dollar-denominated bonds. The Fund may invest up to 10% of its assets in securities rated below investment grade or which are deemed to be of comparable quality by BlackRock (“high yield” or “junk” bonds) at the time of purchase. Investment grade bonds are bonds rated in the four highest categories by at least one of the major rating agencies or determined by Fund management to be of similar quality. The Fund may invest in bonds of any maturity or duration.
The Fund may invest a significant portion of its assets in U.S. agency mortgage pass-through securities, which are securities issued by entities such as the Government National Mortgage Association and the Federal National Mortgage Association that are backed by pools of mortgages. Most transactions in mortgage pass-through securities occur through standardized contracts for future delivery in which the exact mortgage-backed securities to be delivered are not specified until a few days prior to settlement. The Fund expects to enter into such contracts on a regular basis.
The Fund may use derivatives, such as futures contracts, options and various other instruments. The Fund may also invest in derivatives based on foreign currencies. In addition, the Fund may use derivatives and short sales to enhance returns as part of an overall investment strategy or to offset a potential decline in the value of other holdings (commonly referred to as a “hedge”), although the Fund is not required to hedge and may choose not to do so.
The Fund is a “feeder” fund that invests all of its assets in the Master Portfolio, which has the same investment objective and strategies as the Fund. All investments are made at the Master Portfolio level. This structure is sometimes called a “master/feeder” structure. The Fund’s investment results will correspond directly to the investment results of the Master Portfolio. For simplicity, the prospectus uses the name of the Fund or the term “Fund” (as applicable) to include the Master Portfolio.
Read More

BCRCX - Performance

Return Ranking - Trailing

Period BCRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -4.6% 6.7% 72.86%
1 Yr 3.2% -9.7% 12.3% 68.85%
3 Yr -4.8%* -10.6% 26.4% 96.00%
5 Yr -1.3%* -7.3% 191.2% 96.34%
10 Yr N/A* -2.6% 73.7% 97.01%

* Annualized

Return Ranking - Calendar

Period BCRCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -16.2% 8.1% 75.05%
2022 -16.2% -34.7% 131.9% 54.24%
2021 -4.4% -11.6% 4.4% 85.98%
2020 2.4% -10.1% 946.1% 79.60%
2019 5.3% -1.7% 16.9% 61.21%

Total Return Ranking - Trailing

Period BCRCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -4.6% 6.7% 72.86%
1 Yr 3.2% -9.7% 12.3% 68.85%
3 Yr -4.8%* -10.6% 26.4% 96.00%
5 Yr -1.3%* -7.3% 191.2% 96.34%
10 Yr N/A* -2.6% 73.7% 95.97%

* Annualized

Total Return Ranking - Calendar

Period BCRCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -11.3% 11.9% 89.80%
2022 -16.1% -32.2% 131.9% 93.80%
2021 -2.9% -9.4% 9.2% 96.44%
2020 8.0% -1.9% 1009.0% 57.86%
2019 8.1% 1.1% 21668.0% 71.43%

NAV & Total Return History

BCRCX - Holdings

Concentration Analysis

BCRCX Category Low Category High BCRCX % Rank
Net Assets 712 M 2.9 M 314 B 59.60%
Number of Holdings 1863 1 17816 20.24%
Net Assets in Top 10 133 M 1.7 M 34.8 B 67.37%
Weighting of Top 10 10.08% 4.4% 432.9% 92.62%

Top 10 Holdings

  1. Federal National Mortgage Association 2% 3.70%
  2. Federal National Mortgage Association 2% 2.49%
  3. Federal National Mortgage Association 2% 2.37%
  4. Federal National Mortgage Association 2% 2.14%
  5. Federal National Mortgage Association 2% 2.10%
  6. Federal National Mortgage Association 2% 1.95%
  7. Federal National Mortgage Association 2% 1.86%
  8. Federal National Mortgage Association 2% 1.67%
  9. Federal National Mortgage Association 2% 1.66%
  10. Federal National Mortgage Association 2% 1.61%

Asset Allocation

Weighting Return Low Return High BCRCX % Rank
Bonds 		95.32% 0.00% 993.61% 50.75%
Cash 		2.44% -54.51% 237.69% 52.67%
Convertible Bonds 		2.24% 0.00% 7.93% 22.01%
Stocks 		0.00% 0.00% 99.99% 34.77%
Preferred Stocks 		0.00% 0.00% 74.98% 32.83%
Other 		0.00% -16.94% 53.20% 82.88%

Bond Sector Breakdown

Weighting Return Low Return High BCRCX % Rank
Securitized 		48.59% 0.00% 98.40% 14.81%
Corporate 		40.82% 0.00% 100.00% 18.86%
Cash & Equivalents 		9.38% 0.00% 237.69% 17.12%
Municipal 		0.73% 0.00% 100.00% 32.96%
Government 		0.48% 0.00% 86.23% 96.15%
Derivative 		0.00% -9.72% 47.91% 45.42%

Bond Geographic Breakdown

Weighting Return Low Return High BCRCX % Rank
US 		91.19% 0.00% 993.61% 63.65%
Non US 		4.13% 0.00% 33.48% 13.90%

BCRCX - Expenses

Operational Fees

BCRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.01% 39.10% 16.09%
Management Fee 0.24% 0.00% 1.76% 13.33%
12b-1 Fee 1.00% 0.00% 1.00% 83.76%
Administrative Fee 0.05% 0.01% 0.50% 16.88%

Sales Fees

BCRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 7.14%

Trading Fees

BCRCX 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.

BCRCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 219.00% 2.00% 493.39% 71.50%

BCRCX - Distributions

Dividend Yield Analysis

BCRCX Category Low Category High BCRCX % Rank
Dividend Yield 3.59% 0.00% 10.11% 84.02%

Dividend Distribution Analysis

BCRCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

BCRCX Category Low Category High BCRCX % Rank
Net Income Ratio 1.01% -1.28% 4.79% 87.91%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BCRCX - Fund Manager Analysis

Managers

Scott Radell

Start Date

Tenure

Tenure Rank

Feb 28, 2011

11.26

11.3%

Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.

Jeffrey Rosenberg

Start Date

Tenure

Tenure Rank

Mar 04, 2019

3.24

3.2%

Jeffrey Rosenberg, CFA. Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio since 2018, including setting the Fund’s overall investment strategy and overseeing the management of the Fund Managing Director of BlackRock, Inc. since 2011; Chief Fixed Income Strategist and member of the BlackRock Investment Institute since 2016; Chief Investment Strategist for Fundamental Fixed Income at BlackRock since 2011; Chief Credit Strategist at Bank of America Merrill Lynch from 2002 to 2011.

Jasmita Mohan

Start Date

Tenure

Tenure Rank

Mar 10, 2022

0.22

0.2%

Director of BlackRock, Inc. since 2019; Portfolio Manager within BlackRock’s Systematic Fixed Income Portfolio Management Group since 2014.

Tenure Analysis

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

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