Overview

Performance
Performance
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Returns
1y | 3y | 5y | 10y | |
---|---|---|---|---|
Total Return (%) | 6.45 | 3.72 | 4.93 | 3.63 |
Benchmark (%) | 7.57 | 5.17 | 5.66 | 4.12 |
Morningstar Category Avg. (%) | 6.36 | 3.20 | 4.86 | 3.18 |
Morningstar Ranking | 192/369 | 112/340 | 134/284 | - |
Morningstar Quartile | 3 | 2 | 2 | 1 |
Lipper Ranking | 148/376 | 96/354 | 115/300 | - |
Lipper Quartile | 2 | 2 | 2 | - |
YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
---|---|---|---|---|---|---|---|
Total Return (%) | 1.56 | -0.09 | 1.56 | 6.45 | 11.59 | 27.22 | 42.87 |
Benchmark (%) | 1.66 | -0.23 | 1.66 | 7.57 | 16.31 | 31.72 | 49.72 |
Morningstar Category Avg. (%) | 1.82 | -0.32 | 1.82 | 6.36 | 9.90 | 26.75 | 36.77 |
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Total Return (%) | 6.95 | -0.11 | -9.34 | 9.40 | 6.08 |
Benchmark (%) | 6.17 | 1.86 | -8.71 | 10.36 | 7.99 |
Morningstar Category Avg. (%) | 4.84 | 2.49 | -9.85 | 8.13 | 5.96 |
Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
The performance information for periods prior to August 1, 2016, the commencement of operations of the share class, shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses.
The Fund’s returns prior to September 17, 2018 are the returns of a predecessor fund, “BlackRock Credit Strategies Income Fund”, that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. The predecessor fund’s returns between July 2, 2012 and July 1, 2016 are the returns of the predecessor fund when it followed different investment strategies under the name “BlackRock Secured Credit Portfolio.” The predecessor fund’s returns prior to July 2, 2012 are the returns of the predecessor fund when it followed different investment objectives and investment strategies under the name “BlackRock Multi-Sector Bond Portfolio.”
See the Fund’s prospectus for more details.
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
For the latest month-end Distribution Yield, click here.
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
Fees
Fees
Gross Expense Ratio | 0.66% |
Net Expense Ratio | 0.58% |
Net Expense Ratio excluding Investment Related Expenses is 0.57%
- Acquired Fund Fees and Expenses 0.01%
- Interest expense 0.00%
Ratings
Ratings
Holdings
Holdings
Name | Weight (%) |
---|---|
UNIFORM MBS | 13.72 |
UBS GROUP AG | 2.01 |
CITIGROUP INC | 1.49 |
TRUIST FINANCIAL CORP | 1.36 |
ISHARES FLOATING RATE BOND ETF | 1.35 |
Name | Weight (%) |
---|---|
BLACKROCK AAA CLO ETF | 1.33 |
BARCLAYS PLC | 1.04 |
BAT CAPITAL CORP | 1.02 |
BANK OF AMERICA CORP | 1.01 |
JPMORGAN CHASE & CO | 0.95 |
Name | Market Value | Weight (%) | Shares | Maturity | Coupon (%) |
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Exposure Breakdowns
Exposure Breakdowns
Allocations are subject to change.
Portfolio Managers
Portfolio Managers

Jeff Cucunato is the lead portfolio manager for the Multi-Strategy Credit platform within BlackRock's Global Credit group.


Mitchell S. Garfin, CFA, Managing Director, is Co-Head of US Leveraged Finance within BlackRock’s Fundamental Fixed Income Platform. He is responsible for managing the US High Yield and Global High Yield strategies and also has oversight responsibility for the platform’s US Leveraged loan strategies.