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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

$9.25

$46.5 M

0.27%

$0.03

1.07%

Vitals

YTD Return

1.5%

1 yr return

5.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$46.5 M

Holdings in Top 10

24.2%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

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 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

$9.25

$46.5 M

0.27%

$0.03

1.07%

BSLKX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Sustainable Low Duration Bond Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Oct 18, 2021
  • Shares Outstanding
    4980000
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ashley Schulten

Fund Description

The Fund normally invests at least 80% of its assets in bonds. The Fund may invest up to 20% of its assets in non-investment grade bonds (commonly called “high yield” or “junk bonds”). The Fund may also invest up to 35% 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 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 Fund may also invest up to 5% of its assets in convertible securities with a minimum rating of B. Split rated bonds will be considered to have the higher credit rating. Split rated bonds are bonds that receive different ratings from two or more rating agencies.
To determine the Fund’s investable universe, Fund management will first seek to screen out certain issuers based on ESG criteria determined by BlackRock, subject to the considerations noted below. Such screening criteria principally includes: (i) issuers that derive more than zero percent of revenue from the production of controversial weapons; (ii) issuers that derive more than zero percent of revenue from the production of civilian firearms; (iii) issuers that derive more than zero percent of revenue from the production of tobacco-related products; (iv) issuers that derive more than five percent of revenue from thermal coal generation, unless such issuers either (a) have made certain commitments to reduce climate impact or (b) derive at least fifty percent of revenue from alternative energy sources; (v) issuers that derive more than five percent of revenue from thermal coal mining; (vi) issuers that derive more than five percent of revenue from oil sands extraction; (vii) issuers ranked in the bottom half of the applicable fossil issuers peer group by recognized third-party rating agencies; (viii) issuers identified as violators of the United Nations Global Compact, which are globally accepted principles covering corporate behavior in the areas of human rights, labor, environment, and anti-corruption; and (ix) issuers receiving an ESG rating of CCC (or equivalent) by recognized third-party rating agencies. Notwithstanding the foregoing, the Fund may invest in green bonds of issuers that exceed the thresholds stated in (iv), (v), (vi) and (vii) above. The Fund relies on one or more third-party ratings agencies to identify issuers for purposes of the above screening criteria. Third-party rating agencies may base the above screening criteria on an estimate when revenue for a covered business activity is not disclosed by the issuer or publicly available.
The Fund’s screening criteria is measured at the time of investment and is dependent upon information and data that may be incomplete, inaccurate, unavailable or estimated. Where the Fund’s criteria looks solely to third-party ratings or data, issuers are only screened to the extent such ratings or data have been assigned or made available by the third parties. This screening criteria is subject to change over time at BlackRock’s discretion.
BlackRock utilizes a proprietary sustainability scoring system, fundamental sector research and third-party ESG data in constructing the Fund’s portfolio. Fund management also selects and weights securities based on an issuer’s ability to manage the ESG risks to which its business is exposed, as determined by BlackRock. Fund management makes such determinations based on BlackRock’s ESG research, which includes due diligence of the ESG risks and opportunities facing an issuer, as well as third-party ESG ratings. BlackRock researches and develops investment insights related to economic transition, which include target carbon transition readiness and climate opportunities.
While Fund management considers ESG characteristics as well as climate risk exposure and climate opportunities, only one or two of these categories may be considered with respect to a particular investment or sector, and categories may be weighted differently according to the type of investment being considered. In addition, the Fund may gain indirect exposure (through, including but not limited to, derivatives and investments in other investment companies) to issuers with exposures that are inconsistent with the ESG-related criteria used by Fund management.
The Fund seeks to maintain certain ESG characteristics, climate risk exposure and climate opportunities relative to the ICE BofA 1-3 Year US Corporate & Government Index (the “Benchmark”). Specifically, with respect to the Fund’s investments in certain sectors of fixed income instruments, the Fund generally seeks to invest in a portfolio that, in BlackRock’s view, (i) has an aggregate ESG assessment that is better than that of the Benchmark, (ii) has an aggregate carbon emissions assessment that is lower than that of the Benchmark, and (iii) in the aggregate, includes issuers that BlackRock believes are better positioned to capture climate opportunities relative to the issuers in the Benchmark. Fund management makes such assessments based on BlackRock’s ESG research, which includes due
diligence of ESG risks and opportunities facing an issuer, as well as third-party ESG ratings. The Fund may invest in other sectors that are not included in such assessments.
The Fund invests primarily in investment grade bonds and maintains an average portfolio duration that is between 0 and 3 years. Investment grade bonds are bonds rated in the four highest categories by at least one of the major rating agencies or determined by the management team to be of similar quality. Generally, the higher the rating of a bond, the higher the likelihood that interest and principal payments will be made on time.
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. Mortgage-backed securities are asset-backed securities based on a particular type of asset, a mortgage. There is a wide variety of mortgage-backed securities involving commercial or residential, fixed rate or adjustable rate mortgages and mortgages issued by banks or government agencies. CMOs are bonds that are backed by cash flows from pools of mortgages. CMOs may have multiple classes with different payment rights and protections. Asset-backed securities are bonds that are backed by a pool of assets, usually loans such as installment sale contracts or credit card receivables.
The 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 Fund may use derivative instruments to hedge its investments or to seek to enhance returns. 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 and mortgage dollar rolls).
The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
Read More

BSLKX - Performance

Return Ranking - Trailing

Period BSLKX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -0.8% 12.9% 72.01%
1 Yr 5.0% 1.3% 22.8% 67.85%
3 Yr N/A* -6.0% 4.4% N/A
5 Yr N/A* -4.1% 4.7% N/A
10 Yr N/A* -19.2% 169.9% N/A

* Annualized

Return Ranking - Calendar

Period BSLKX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -1.6% 7.6% 65.92%
2022 -8.1% -17.7% -2.6% 77.14%
2021 N/A -4.0% 4.4% N/A
2020 N/A -7.1% 7.6% N/A
2019 N/A -2.3% 9.3% N/A

Total Return Ranking - Trailing

Period BSLKX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -0.8% 12.9% 72.01%
1 Yr 5.0% 1.3% 22.8% 67.85%
3 Yr N/A* -6.0% 4.4% N/A
5 Yr N/A* -4.1% 4.7% N/A
10 Yr N/A* -19.2% 169.9% N/A

* Annualized

Total Return Ranking - Calendar

Period BSLKX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% 1.8% 15.2% 55.81%
2022 -3.2% -17.3% -1.3% 8.00%
2021 N/A -2.7% 7.7% N/A
2020 N/A -2.4% 14.5% N/A
2019 N/A 0.6% 12.6% N/A

NAV & Total Return History


BSLKX - Holdings

Concentration Analysis

BSLKX Category Low Category High BSLKX % Rank
Net Assets 46.5 M 14.5 K 57.3 B 93.66%
Number of Holdings 518 2 9251 43.10%
Net Assets in Top 10 11.2 M 993 K 6.33 B 93.47%
Weighting of Top 10 24.19% 2.1% 103.0% 51.68%

Top 10 Holdings

  1. BlackRock Liquidity Funds, T-Fund, Institutional Class 3.50%
  2. U.S. Treasury Notes 3.30%
  3. U.S. Treasury Notes 2.92%
  4. U.S. Treasury Notes 2.50%
  5. U.S. Treasury Notes 2.20%
  6. U.S. Treasury Notes 2.09%
  7. U.S. Treasury Notes 2.00%
  8. U.S. Treasury Notes 1.95%
  9. U.S. Treasury Notes 1.94%
  10. Uniform Mortgage-Backed Securities 1.81%

Asset Allocation

Weighting Return Low Return High BSLKX % Rank
Bonds
83.64% 0.00% 131.18% 65.30%
Other
10.75% -0.97% 69.02% 44.96%
Cash
5.61% -20.59% 55.85% 28.36%
Convertible Bonds
3.63% 0.00% 27.71% 33.83%
Stocks
0.00% 0.00% 99.97% 66.23%
Preferred Stocks
0.00% 0.00% 22.27% 63.43%

Bond Sector Breakdown

Weighting Return Low Return High BSLKX % Rank
Corporate
39.30% 0.00% 100.00% 50.47%
Government
33.27% 0.00% 73.63% 27.48%
Securitized
24.44% 0.00% 97.27% 53.64%
Cash & Equivalents
4.03% 0.00% 55.85% 37.13%
Municipal
0.00% 0.00% 17.46% 79.63%
Derivative
-0.33% -0.33% 28.01% 99.81%

Bond Geographic Breakdown

Weighting Return Low Return High BSLKX % Rank
US
80.82% 0.00% 130.36% 65.30%
Non US
2.83% 0.00% 82.77% 7.65%

BSLKX - Expenses

Operational Fees

BSLKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.01% 3.24% 21.54%
Management Fee 0.31% 0.00% 1.19% 48.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.41% 42.73%

Sales Fees

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

Trading Fees

BSLKX 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.

BSLKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% N/A

BSLKX - Distributions

Dividend Yield Analysis

BSLKX Category Low Category High BSLKX % Rank
Dividend Yield 0.27% 0.00% 11.11% 38.99%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BSLKX Category Low Category High BSLKX % Rank
Net Income Ratio N/A -1.27% 4.98% N/A

Capital Gain Distribution Analysis

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

Distributions History

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BSLKX - Fund Manager Analysis

Managers

Ashley Schulten


Start Date

Tenure

Tenure Rank

Oct 18, 2021

0.62

0.6%

Managing Director of BlackRock, Inc. since 2018; Director of BlackRock, Inc. from 2012 to 2018.

Akiva Dickstein


Start Date

Tenure

Tenure Rank

Oct 18, 2021

0.62

0.6%

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 18, 2021

0.62

0.6%

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

Scott MacLellan


Start Date

Tenure

Tenure Rank

Oct 18, 2021

0.62

0.6%

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.

Tenure Analysis

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