Welcome to MutualFunds.com. Please help us personalize your experience.
Thank you for your submission, we hope you enjoy your experience

Select the one that best describes you
Mutualfunds logo

BFMCX BlackRock Core Bond Instl

  • Fund
  • BFMCX
  • Price as of: Aug 08, 2016
  • $9.87
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

BFMCX - Profile

Vitals

  • YTD Return 3.7%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $3.24 B
  • Holdings in Top 10 29.1%

52 WEEK LOW AND HIGH

$9.87
$9.50
$9.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 863.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

$2,000,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.15%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock Core Bond Portfolio
  • Fund Family Name BlackRock
  • Inception Date Dec 09, 1992
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Rick Rieder

BFMCX - Performance

Return Ranking - Trailing

Period BFMCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.7% -29.9% 209.8% 29.03% 2
1 Yr 5.4% -15.9% 20.3% 21.22% 2
3 Yr 4.5% * -6.4% 10.4% 10.25% 1
5 Yr 4.1% * -3.4% 9.0% 16.10% 1
10 Yr 4.6% * -1.1% 10.2% 43.37% 3

* Annualized


Return Ranking - Calendar

Period BFMCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.1% -51.0% 6.6% 28.43% 3
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period BFMCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.7% -8.1% 209.8% 29.56% 3
1 Yr 5.4% -19.0% 20.3% 17.55% 1
3 Yr 4.5% * -7.1% 10.4% 9.12% 1
5 Yr 4.1% * -4.3% 9.0% 14.45% 1
10 Yr 4.6% * -1.1% 10.2% 40.95% 3

* Annualized


Total Return Ranking - Calendar

Period BFMCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.1% -51.0% 6.6% 28.52% 3
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

BFMCX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

BFMCX Category Low Category High BFMCX % Rank Quintile
Net Assets 3.24 B 319 K 169 B 6.00% 2
Number of Holdings 1590 1 17404 2.59% 1
Net Assets in Top 10 930 M -36 B 21.5 B 4.17% 1
Weighting of Top 10 29.1% 0.0% 1826.2% 13.94% 3

Top 10 Holdings

  1. US Treasury Note 1.375% 4.80%
  2. US Treasury Note 0.75% 3.20%
  3. US Treasury Note 1% 2.93%
  4. US Treasury Note 1.125% 2.80%
  5. US Treasury Note 0.875% 2.73%
  6. US Treasury Note 1.25% 2.73%
  7. US Treasury Note 1.375% 2.72%
  8. US Treasury Note 0.75% 2.61%
  9. US Treasury Note 0.875% 2.32%
  10. Govt Natl Mtg Asso 3.5% 2.22%

Asset Allocation

Weighting Category Low Category High BFMCX % Rank Quintile
Bonds
115.92% -175.98% 181.87% 0.92% 1
Preferred Stocks
0.10% -0.07% 17.65% 7.27% 2
Other
0.01% -15.97% 117.15% 13.17% 4
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 5
Stocks
0.00% -5.60% 98.06% 5.39% 5
Cash
-16.02% -82.73% 275.92% 28.08% 5

Bond Sector Breakdown

Weighting Category Low Category High BFMCX % Rank Quintile
Government
46.26% -990.83% 129.84% 2.90% 1
Securitized
41.40% 0.00% 275.57% 7.58% 2
Corporate
27.54% 0.00% 502.59% 20.19% 4
Municipal
0.87% 0.00% 106.20% 9.10% 2
Derivative
-0.08% -895.14% 18.41% 2.54% 5
Cash & Equivalents
-16.00% -63.55% 811.66% 28.54% 5

Bond Geographic Breakdown

Weighting Category Low Category High BFMCX % Rank Quintile
US
107.44% -513.97% 163.91% 0.56% 1
Non US
8.48% -5.42% 399.20% 17.04% 3

BFMCX - Expenses

Operational Fees

BFMCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.60% 0.00% 42.51% 11.70% 2
Management Fee 0.34% 0.00% 2.15% 3.36% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.04% 0.00% 0.63% 3.48% 1

Sales Fees

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

Trading Fees

BFMCX Fees (% of AUM) Category Low Category High BFMCX 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.

BFMCX Fees (% of AUM) Category Low Category High BFMCX Rank Quintile
Turnover 863.00% 0.00% 1944.00% 0.31% 5

BFMCX - Distributions

Dividend Yield Analysis

BFMCX Category Low Category High BFMCX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 16.07% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BFMCX Category Low Category High BFMCX % Rank Quintile
Net Income Ratio 2.15% -1.76% 17.13% 12.62% 3

Capital Gain Distribution Analysis

BFMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

BFMCX - Managers

Rick Rieder

Manager

Start Date

Aug 06, 2010

Tenure

5.99

Tenure Rank

4.7%

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

4.79

Tenure Rank

5.4%

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.


Akiva Dickstein

Manager

Start Date

Jan 28, 2016

Tenure

0.51

Tenure Rank

8.7%

Akiva Dickstein, Managing Director and portfolio manager, is a member of BlackRock's Fixed Income Portfolio Management Group. He is a senior mortgage sector specialist. Prior to joining BlackRock in 2009, 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.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6