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Trending ETFs

Name

As of 06/21/2024

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

$8.98

$4.61 B

3.70%

$0.33

1.45%

Vitals

YTD Return

1.7%

1 yr return

4.7%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.6%

Net Assets

$4.61 B

Holdings in Top 10

21.4%

52 WEEK LOW AND HIGH

$9.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.45%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 129.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$8.98

$4.61 B

3.70%

$0.33

1.45%

BLDCX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.23%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Low Duration Bond Portfolio
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 17, 2018
  • Shares Outstanding
    4444440
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott MacLellan

Fund Description

The Low Duration Fund invests primarily in investment grade bonds and maintains an average portfolio duration that is between 0 and 3 years. The Low Duration Fund’s benchmark is the ICE BofA 1-3 Year US Corporate & Government Index.
The Low Duration Fund normally invests at least 80% of its assets in debt securities. The Low Duration Fund may invest up to 35% of its assets in non-investment grade bonds (commonly called “high yield” or “junk bonds”). The Low Duration Fund may also invest up to 35% of its assets in assets of foreign issuers, of which 10% (as a percentage of the Low Duration Fund’s assets) may be invested in emerging markets issuers. Up to 10% of the Low Duration 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 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 Low Duration 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 Low Duration Fund may use derivative instruments to hedge its investments or to seek to enhance returns. The Low Duration 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 Low Duration Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
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BLDCX - Performance

Return Ranking - Trailing

Period BLDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -0.8% 12.9% 60.82%
1 Yr 4.7% 1.3% 22.8% 77.20%
3 Yr -0.1%* -6.0% 4.4% 75.33%
5 Yr 0.6%* -4.1% 4.7% 88.52%
10 Yr N/A* -19.2% 169.9% 91.29%

* Annualized

Return Ranking - Calendar

Period BLDCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -1.6% 7.6% 63.86%
2022 -7.8% -17.7% -2.6% 69.71%
2021 -1.5% -4.0% 4.4% 40.94%
2020 1.3% -7.1% 7.6% 70.42%
2019 2.0% -2.3% 9.3% 46.15%

Total Return Ranking - Trailing

Period BLDCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -0.8% 12.9% 60.82%
1 Yr 4.7% 1.3% 22.8% 77.20%
3 Yr -0.1%* -6.0% 4.4% 75.33%
5 Yr 0.6%* -4.1% 4.7% 88.52%
10 Yr N/A* -19.2% 169.9% 90.63%

* Annualized

Total Return Ranking - Calendar

Period BLDCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% 1.8% 15.2% 83.90%
2022 -4.8% -17.3% -1.3% 48.38%
2021 -1.1% -2.7% 7.7% 89.17%
2020 2.6% -2.4% 14.5% 92.96%
2019 3.5% 0.6% 12.6% 88.36%

NAV & Total Return History


BLDCX - Holdings

Concentration Analysis

BLDCX Category Low Category High BLDCX % Rank
Net Assets 4.61 B 14.5 K 57.3 B 20.52%
Number of Holdings 1530 2 9251 9.33%
Net Assets in Top 10 988 M 993 K 6.33 B 25.56%
Weighting of Top 10 21.44% 2.1% 103.0% 62.50%

Top 10 Holdings

  1. U.S. Treasury Notes 4.19%
  2. U.S. Treasury Notes 2.87%
  3. U.S. Treasury Notes 2.51%
  4. U.S. Treasury Notes 2.35%
  5. BlackRock Liquidity Funds, T-Fund, Institutional Class 1.98%
  6. U.S. Treasury Notes 1.89%
  7. U.S. Treasury Notes 1.73%
  8. U.S. Treasury Notes 1.59%
  9. U.S. Treasury Notes 1.26%
  10. U.S. Treasury Notes 1.07%

Asset Allocation

Weighting Return Low Return High BLDCX % Rank
Bonds
84.15% 0.00% 131.18% 63.06%
Other
11.61% -0.97% 69.02% 42.54%
Cash
4.24% -20.59% 55.85% 38.62%
Convertible Bonds
1.94% 0.00% 27.71% 57.20%
Stocks
0.00% 0.00% 99.97% 63.99%
Preferred Stocks
0.00% 0.00% 22.27% 60.07%

Bond Sector Breakdown

Weighting Return Low Return High BLDCX % Rank
Securitized
37.15% 0.00% 97.27% 25.98%
Corporate
31.77% 0.00% 100.00% 64.86%
Government
25.01% 0.00% 73.63% 37.38%
Cash & Equivalents
3.02% 0.00% 55.85% 44.59%
Municipal
0.00% 0.00% 17.46% 77.94%
Derivative
-0.15% -0.33% 28.01% 94.03%

Bond Geographic Breakdown

Weighting Return Low Return High BLDCX % Rank
US
81.82% 0.00% 130.36% 64.18%
Non US
2.33% 0.00% 82.77% 9.89%

BLDCX - Expenses

Operational Fees

BLDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.01% 3.24% 9.93%
Management Fee 0.29% 0.00% 1.19% 38.62%
12b-1 Fee 1.00% 0.00% 1.00% 90.58%
Administrative Fee 0.04% 0.01% 0.41% 17.27%

Sales Fees

BLDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.50% 4.00% 43.86%

Trading Fees

BLDCX 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.

BLDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 129.00% 2.00% 500.00% 73.62%

BLDCX - Distributions

Dividend Yield Analysis

BLDCX Category Low Category High BLDCX % Rank
Dividend Yield 3.70% 0.00% 11.11% 75.00%

Dividend Distribution Analysis

BLDCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BLDCX Category Low Category High BLDCX % Rank
Net Income Ratio 0.23% -1.27% 4.98% 91.03%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BLDCX - Fund Manager Analysis

Managers

Scott MacLellan


Start Date

Tenure

Tenure Rank

Nov 14, 2012

9.55

9.6%

Scott MacLellan, CFA, Director, is a portfolio manager on the Short Duration team within the BlackRock Multi-Sector Fixed Income Portfolio Management Group. Prior to assuming his current responsibilities in 2008, Mr. MacLellan was a member of the Global Client Group, focused on Japanese clients. He also served as a product specialist for short duration and LIBOR-benchmarked fixed income products. Previously, Mr. MacLellan spent four years with Nomura BlackRock Asset Management (NBAM), a former joint venture between BlackRock and Nomura Asset Management Co., Ltd, in Tokyo as an account manager. Prior to joining NBAM in 2001, Mr. MacLellan spent a year in the Global Finance and Investment Department of IBJ Leasing in Tokyo. Mr. MacLellan earned a BS degree, with honors, in economics and international development studies from King's College in 1997.

Akiva Dickstein


Start Date

Tenure

Tenure Rank

Oct 15, 2020

1.62

1.6%

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.

Bob Miller


Start Date

Tenure

Tenure Rank

Oct 15, 2020

1.62

1.6%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41