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BASIX BlackRock Strategic Income Opps Inv A

  • Fund
  • BASIX
  • Price as of: Sep 22, 2017
  • $9.97
  • + $0.01
  • + 0.10%
  • Category
  • Total Bond Market

BASIX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $30.1 B
  • Holdings in Top 10 53.2%

52 WEEK LOW AND HIGH

$9.97
$9.76
$9.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 1541.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock Strategic Income Opportunities Portfolio
  • Fund Family Name BlackRock
  • Inception Date Feb 05, 2008
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Rick Rieder

Fund Description

The BlackRock Strategic Income Opportunities Fund Investor A Shares (BASIX) is an actively managed, core-plus bond fund. BASIX invests in a wide range of fixed-income securities, including Treasury bonds, corporate bonds, ABS, junk bonds, emerging-market debt and floating-rate bank loans. The fund seeks to provide a high total return and provide some income while mitigating credit and duration risk.

Given its low costs, investors could use BASIX as a core fund for their portfolio or as bond index enhancer. The fund is internally managed by BlackRock.

BASIX - Performance

Return Ranking - Trailing

Period BASIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -19.6% 22.7% 37.05% 3
1 Yr 4.6% -15.5% 18.5% 14.81% 1
3 Yr 2.0% * -6.1% 8.7% 48.17% 3
5 Yr 3.1% * -2.4% 13.6% 18.17% 1
10 Yr N/A * -1.3% 10.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period BASIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.6% -10.9% 192.8% 30.45% 3
2015 -3.4% -33.0% 4.2% 41.95% 4
2014 -0.5% -9.3% 14.9% 44.99% 4
2013 0.6% -24.1% 40.4% 4.94% 1
2012 6.2% -100.0% 18.7% 7.18% 1

Total Return Ranking - Trailing

Period BASIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -19.6% 22.7% 37.08% 3
1 Yr 0.4% -15.5% 18.5% 63.34% 4
3 Yr 0.6% * -7.0% 8.7% 81.56% 5
5 Yr 2.3% * -2.8% 13.6% 36.28% 2
10 Yr N/A * -1.3% 10.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BASIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.6% -9.5% 195.3% 41.70% 3
2015 -2.5% -32.5% 7.4% 51.07% 4
2014 3.3% -8.3% 16.8% 26.91% 2
2013 0.6% -12.9% 58.5% 12.32% 1
2012 6.5% -100.0% 35.2% 25.99% 2

NAV & Total Return History

BASIX - Holdings

Filings data as of: Jul 31, 2017

Concentration Analysis

BASIX Category Low Category High BASIX % Rank Quintile
Net Assets 30.1 B 319 K 189 B 1.17% 1
Number of Holdings 4404 1 17352 0.51% 1
Net Assets in Top 10 -835 M -36 B 31.4 B 34.13% 5
Weighting of Top 10 53.2% 0.0% 1168.9% 6.66% 2

Top 10 Holdings

  1. Fed Natl Mort Assc 2.5% 9.92%
  2. Fed Natl Mort Assc 3% 8.07%
  3. Fed Natl Mort Assc 4% 8.03%
  4. US Treasury Note 7.51%
  5. FHLMC 3.5% 4.00%
  6. US Treasury Note 1.875% 3.74%
  7. Fed Natl Mort Assc 3.5% 3.58%
  8. Fed Natl Mort Assc 3% 3.20%
  9. US Treasury Note 1.5% 2.78%
  10. Fed Natl Mort Assc 4% 2.34%

Asset Allocation

Weighting Category Low Category High BASIX % Rank Quintile
Bonds
89.98% -175.98% 562.01% 17.75% 4
Other
4.27% -24.51% 99.99% 4.93% 1
Convertible Bonds
3.42% 0.00% 13.10% 1.02% 1
Stocks
1.71% -3.75% 97.71% 2.59% 1
Cash
0.62% -461.99% 275.92% 24.57% 5
Preferred Stocks
0.00% -0.56% 16.37% 7.32% 5

Stock Sector Breakdown

Weighting Category Low Category High BASIX % Rank Quintile
Financial Services
0.60% -0.15% 24.41% 3.32% 1
Technology
0.29% -1.56% 17.00% 3.92% 1
Energy
0.26% -0.88% 10.38% 3.62% 1
Consumer Cyclical
0.16% -0.36% 11.16% 4.12% 1
Industrials
0.12% -0.30% 10.17% 4.02% 1
Communication Services
0.06% -0.14% 7.00% 3.22% 1
Real Estate
0.05% -0.15% 15.19% 4.33% 1
Consumer Defense
0.05% -0.26% 10.21% 3.72% 1
Healthcare
0.04% -0.70% 13.34% 4.02% 1
Utilities
0.00% -0.08% 7.07% 6.04% 5
Basic Materials
-0.01% -0.43% 13.48% 4.23% 5

Stock Geographic Breakdown

Weighting Category Low Category High BASIX % Rank Quintile
US
1.52% -12.82% 89.60% 2.39% 1
Non US
0.19% -0.82% 95.51% 2.44% 1

Bond Sector Breakdown

Weighting Category Low Category High BASIX % Rank Quintile
Corporate
39.33% 0.00% 221.70% 14.70% 3
Securitized
26.61% 0.00% 118.59% 17.29% 3
Government
22.66% -389.49% 503.27% 13.33% 2
Municipal
3.89% 0.00% 97.96% 3.92% 1
Cash & Equivalents
1.24% -462.00% 275.92% 23.45% 4
Derivative
-0.70% -64.42% 83.22% 4.98% 5

Bond Geographic Breakdown

Weighting Category Low Category High BASIX % Rank Quintile
US
56.83% -482.62% 500.82% 25.18% 4
Non US
33.15% -124.80% 530.33% 3.51% 1

BASIX - Expenses

Operational Fees

BASIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.07% 0.00% 32.76% 8.91% 3
Management Fee 0.46% 0.00% 2.15% 2.54% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.90% 3
Administrative Fee 0.06% 0.00% 0.63% 3.30% 2

Sales Fees

BASIX Fees (% of AUM) Category Low Category High BASIX Rank Quintile
Front Load 4.00% 0.00% 5.75% 2.04% 4
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

BASIX Fees (% of AUM) Category Low Category High BASIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

BASIX Fees (% of AUM) Category Low Category High BASIX Rank Quintile
Turnover 1541.00% 0.00% 1711.00% 0.10% 5

BASIX - Distributions

Dividend Yield Analysis

BASIX Category Low Category High BASIX % Rank Quintile
Dividend Yield 0.5% 0.00% 1.38% 7.75% 1

Dividend Distribution Analysis

BASIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BASIX Category Low Category High BASIX % Rank Quintile
Net Income Ratio 2.38% -1.56% 9.28% 11.91% 2

Capital Gain Distribution Analysis

BASIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

BASIX - Managers

Rick Rieder

Manager

Start Date

Aug 06, 2010

Tenure

7.07

Tenure Rank

4.6%

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the Executive Committee of the firm-wide Alpha Strategy business, and is a member of BlackRock's Global Operating Committee. 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 recently elected as the 2013 inductee into the Fixed Income Analysts Society Fixed Income Hall of Fame. 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, and 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 nine 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 Leaderhip Council of the Communities in Schools Educational Foundation and the boards of Big Brothers/Big Sisters of Newark and Essex County and the Newark Youth Foundation.


Bob Miller

Manager

Start Date

Oct 17, 2011

Tenure

5.88

Tenure Rank

5.3%

Bob Miller, Managing Director, is a member of the Multi-Sector Mutual Fund team within BlackRock Fundamental Fixed Income Portfolio Management Group. 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 of roles, most recently as senior portfolio manager for the bank's proprietary multi-asset class investment portfolio. Mr. Miller managed global equity and credit, global interest rate derivative, and sovereign debt portfolios during his tenure at Bank of America. Mr. Miller is a Trustee of Davidson College, a member of the Executive Committee and Chairman of the Investment Committee. He is also actively involved with the Davidson July Experience program. Mr. Miller is a Trustee and past Chairman of the Board at Trinity Episcopal School in Charlotte, N.C. He earned a BA degree in economics from Davidson College.


David Rogal

Manager

Start Date

Apr 28, 2017

Tenure

0.34

Tenure Rank

9.6%

Jointly and primarily responsible for the day-to-day management of the Total Return Portfolio’s portfolio, including setting the Total Return Portfolio’s overall investment strategy and overseeing the management of the Total Return Portfolio.


Tenure Analysis

Category Low

0.0

Category High

28.7

Category Average

6.38

Category Mode

2.7