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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 Strategic Income Opportunities Portfolio

BSIIX | Fund

$9.43

$36.7 B

4.87%

$0.46

0.75%

Vitals

YTD Return

2.6%

1 yr return

7.2%

3 Yr Avg Return

1.0%

5 Yr Avg Return

2.7%

Net Assets

$36.7 B

Holdings in Top 10

46.3%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 1.55%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000,000

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 Strategic Income Opportunities Portfolio

BSIIX | Fund

$9.43

$36.7 B

4.87%

$0.46

0.75%

BSIIX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.23%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Strategic Income Opportunities Portfolio
  • Fund Family Name
    BlackRock
  • Inception Date
    Feb 07, 2008
  • Shares Outstanding
    3341788879
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rick Rieder

Fund Description

Under normal market conditions, the Fund will invest in a combination of fixed-income securities, including, but not limited to: high yield securities, international securities, emerging markets debt and mortgages. Depending on market conditions, the Fund may invest in other market sectors. Fixed-income securities are debt obligations such as bonds and debentures, U.S. Government securities, debt obligations of domestic and non-U.S. corporations, debt obligations of non-U.S. governments and their political subdivisions, asset-backed securities, various mortgage-backed securities (both residential and commercial), other floating or variable rate obligations, convertible securities, municipal obligations and zero coupon debt securities. The Fund may invest in preferred securities, illiquid investments, ETFs, including affiliated ETFs, and corporate loans. The Fund may have short positions in to-be-announced (“TBA”) mortgage-backed securities without limit.
The Fund may invest significantly in non-investment grade bonds (high yield or junk bonds). Non-investment grade bonds acquired by the Fund will generally be in the lower rating categories of the major rating agencies (BB or lower by S&P Global Ratings, a division of S&P Global, Inc., or Ba or lower by Moody’s Investors Service, Inc.) or will be determined by the management team to be of similar quality. Split rated bonds will be considered to have the higher credit rating. The Fund may invest up to 15% of its net assets in collateralized debt obligations (“CDOs”), of which 10% (as a percentage of the Fund’s net assets) may be in collateralized loan obligations (“CLOs”).
The Fund may also invest significantly in non-dollar denominated bonds and bonds of emerging market issuers. The Fund’s investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis.
The management team may, when consistent with the Fund’s investment goal, buy or sell options or futures on a security or an index of securities, or enter into swap agreements, including total return, interest rate and credit default swaps, or foreign currency transactions (collectively, commonly known as derivatives). The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as currency risk. The Fund may also use derivatives for leverage, in which case their use would involve leveraging risk. The 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 or mortgage dollar rolls, which involve a sale by the Fund of a mortgage-backed security concurrently with an agreement by the Fund to repurchase a similar security at a later date at an agreed-upon price). The Fund may invest in indexed and inverse floating rate securities.
The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles that exclusively invest in commodities such as ETFs, which are designed to provide this exposure without direct investment in physical commodities. The Fund may also gain exposure to commodity markets by investing up to 25% of its total assets in the Subsidiary, a wholly owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
Read More

BSIIX - Performance

Return Ranking - Trailing

Period BSIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -9.0% 11.2% 66.51%
1 Yr 7.2% -12.3% 21.7% 50.99%
3 Yr 1.0%* -17.9% 16.7% 33.23%
5 Yr 2.7%* -14.8% 14.6% 30.95%
10 Yr 2.7%* -13.9% 6.5% 37.32%

* Annualized

Return Ranking - Calendar

Period BSIIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -12.0% 15.7% 56.23%
2022 -9.4% -31.8% 18.4% 26.64%
2021 -2.1% -26.6% 25.7% 64.90%
2020 4.0% -49.2% 18.7% 25.87%
2019 3.9% -35.1% 15.3% 61.13%

Total Return Ranking - Trailing

Period BSIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -9.0% 11.2% 66.51%
1 Yr 7.2% -12.3% 21.7% 50.99%
3 Yr 1.0%* -17.9% 16.7% 33.23%
5 Yr 2.7%* -14.8% 14.6% 30.95%
10 Yr 2.7%* -13.9% 6.5% 37.32%

* Annualized

Total Return Ranking - Calendar

Period BSIIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -7.0% 22.2% 58.97%
2022 -5.4% -31.8% 21.1% 27.57%
2021 1.2% -13.5% 49.9% 62.96%
2020 7.5% -28.6% 24.1% 29.55%
2019 7.7% -4.8% 19.1% 60.57%

NAV & Total Return History

BSIIX - Holdings

Concentration Analysis

BSIIX Category Low Category High BSIIX % Rank
Net Assets 36.7 B 2.53 M 143 B 1.25%
Number of Holdings 6831 2 9213 1.99%
Net Assets in Top 10 17 B -204 M 70.2 B 1.23%
Weighting of Top 10 46.25% 5.8% 271.9% 25.97%

Top 10 Holdings

  1. Uniform Mortgage-Backed Securities 15.94%
  2. Uniform Mortgage-Backed Securities 8.16%
  3. Uniform Mortgage-Backed Securities 7.39%
  4. Uniform Mortgage-Backed Securities 5.17%
  5. BlackRock Liquidity Funds, T-Fund, Institutional Class 3.39%
  6. Uniform Mortgage-Backed Securities 2.79%
  7. U.S. Treasury Notes 1.08%
  8. Bonos y Obligaciones del Estado 0.97%
  9. U.S. Treasury Notes 0.68%
  10. U.S. Treasury Notes 0.67%

Asset Allocation

Weighting Return Low Return High BSIIX % Rank
Bonds 		91.24% 0.00% 215.76% 45.55%
Cash 		7.53% -94.66% 100.00% 29.75%
Other 		6.11% -66.66% 153.75% 37.42%
Stocks 		2.27% -4.92% 99.84% 32.36%
Convertible Bonds 		1.32% 0.00% 33.50% 48.03%
Preferred Stocks 		0.53% 0.00% 28.28% 20.09%

Stock Sector Breakdown

Weighting Return Low Return High BSIIX % Rank
Consumer Cyclical 		20.64% 0.00% 89.95% 5.38%
Technology 		16.59% 0.00% 28.30% 11.05%
Financial Services 		16.13% 0.00% 100.00% 32.01%
Industrials 		10.05% 0.00% 100.00% 22.10%
Healthcare 		9.27% 0.00% 18.60% 11.33%
Communication Services 		7.37% 0.00% 100.00% 26.63%
Energy 		7.10% 0.00% 100.00% 49.86%
Basic Materials 		4.89% 0.00% 100.00% 19.26%
Real Estate 		3.87% 0.00% 100.00% 26.06%
Consumer Defense 		2.92% 0.00% 99.97% 25.21%
Utilities 		1.19% 0.00% 100.00% 38.24%

Stock Geographic Breakdown

Weighting Return Low Return High BSIIX % Rank
US 		2.02% -4.85% 99.84% 31.75%
Non US 		0.25% -0.07% 17.73% 7.21%

Bond Sector Breakdown

Weighting Return Low Return High BSIIX % Rank
Corporate 		24.86% 0.00% 96.66% 61.87%
Government 		23.54% 0.00% 99.43% 21.52%
Securitized 		17.17% 0.00% 99.65% 49.53%
Cash & Equivalents 		7.53% 0.00% 99.66% 27.85%
Municipal 		1.43% 0.00% 54.26% 9.02%
Derivative 		0.24% -66.66% 153.75% 24.46%

Bond Geographic Breakdown

Weighting Return Low Return High BSIIX % Rank
US 		58.84% 0.00% 215.76% 74.08%
Non US 		32.40% 0.00% 69.85% 8.59%

BSIIX - Expenses

Operational Fees

BSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.03% 20.67% 77.98%
Management Fee 0.45% 0.00% 2.29% 14.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.00% 0.70% 24.88%

Sales Fees

BSIIX 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

BSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

BSIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 1.55% 0.00% 632.00% 0.93%

BSIIX - Distributions

Dividend Yield Analysis

BSIIX Category Low Category High BSIIX % Rank
Dividend Yield 4.87% 0.00% 23.30% 61.55%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BSIIX Category Low Category High BSIIX % Rank
Net Income Ratio 2.23% -1.55% 11.51% 73.52%

Capital Gain Distribution Analysis

BSIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

BSIIX - 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

David Rogal

Start Date

Tenure

Tenure Rank

Apr 28, 2017

5.09

5.1%

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 28.19 5.73 3.19

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