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BLDAX BlackRock Low Duration Bond Inv A

  • Fund
  • BLDAX
  • Price as of: Oct 22, 2018
  • $9.44
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

BLDAX - Profile

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $6.01 B
  • Holdings in Top 10 15.0%

52 WEEK LOW AND HIGH

$9.44
$9.44
$9.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 292.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.47%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock Low Duration Bond Portfolio
  • Fund Family Name BlackRock
  • Inception Date Jan 12, 1996
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Scott MacLellan

Fund Description

The fund invests primarily in investment grade bonds and maintains an average portfolio duration that is between 0 and 3 years. It normally invests at least 80% of its assets in debt securities. The fund may invest up to 20% of its assets in non-investment grade bonds (commonly called "high yield" or "junk bonds"). It may also invest up to 25% 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.

BLDAX - Performance

Return Ranking - Trailing

Period BLDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.5% -36.0% 14.2% 25.91% 2
1 Yr 0.4% -15.5% 21.5% 35.47% 2
3 Yr 1.2% * -6.1% 16.3% 65.67% 4
5 Yr 1.3% * -2.6% 14.8% 68.83% 4
10 Yr 2.5% * -0.7% 9.7% 74.29% 4

* Annualized


Return Ranking - Calendar

Period BLDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.2% -10.9% 25.1% 52.44% 5
2016 0.2% -11.1% 192.8% 40.11% 3
2015 -1.0% -33.0% 5.1% 14.68% 2
2014 -0.7% -24.1% 20.8% 48.23% 4
2013 -0.8% -13.1% 40.4% 17.21% 2

Total Return Ranking - Trailing

Period BLDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.5% -100.0% 14.2% 25.84% 2
1 Yr -1.8% -15.5% 21.5% 69.31% 4
3 Yr 0.4% * -7.0% 16.3% 80.94% 5
5 Yr 0.8% * -3.5% 14.8% 79.90% 5
10 Yr 2.2% * -0.7% 9.7% 77.60% 4

* Annualized


Total Return Ranking - Calendar

Period BLDAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.2% -9.5% 25.1% 53.24% 5
2016 0.2% -11.1% 195.3% 50.72% 4
2015 -0.8% -32.5% 16.5% 29.82% 2
2014 -0.5% -9.9% 58.5% 62.69% 5
2013 -0.8% -12.9% 58.3% 31.36% 2

NAV & Total Return History

BLDAX - Holdings

Filings data as of: Aug 31, 2018

Concentration Analysis

BLDAX Category Low Category High BLDAX % Rank Quintile
Net Assets 6.01 B 319 K 200 B 4.48% 1
Number of Holdings 736 1 17403 9.66% 2
Net Assets in Top 10 900 M -36 B 52.1 B 5.39% 1
Weighting of Top 10 15.0% 0.0% 1989.1% 26.30% 4

Top 10 Holdings

  1. United States Treasury Notes 1.38% 7.38%
  2. United States Treasury Notes 1.75% 1.67%
  3. United States Treasury Notes 2.62% 1.39%
  4. Nissan Master Owne 2.49% 0.68%
  5. DnB Boligkreditt AS 2% 0.58%
  6. Mercedes Benz Master Owner Trust 2.4% 0.58%
  7. Comm 2015-Lc21 Mortagage Trust 2.98% 0.54%
  8. iShares Short Maturity Bond ETF 0.99%
  9. Shire Acquisitions Investments Ireland DAC 1.9% 0.71%
  10. Dryden XXV Senior Loan Fund 3.24% 0.51%

Asset Allocation

Weighting Category Low Category High BLDAX % Rank Quintile
Bonds
91.82% -175.98% 562.01% 18.31% 4
Cash
6.37% -461.99% 275.92% 13.07% 2
Other
1.81% -18.46% 99.99% 5.29% 1
Stocks
0.00% -2.63% 97.98% 5.54% 5
Preferred Stocks
0.00% -0.41% 22.98% 6.97% 5
Convertible Bonds
0.00% 0.00% 13.10% 8.80% 5

Bond Sector Breakdown

Weighting Category Low Category High BLDAX % Rank Quintile
Securitized
50.19% 0.00% 118.59% 4.78% 1
Corporate
30.50% 0.00% 221.70% 21.06% 4
Government
11.11% -389.49% 503.27% 21.97% 4
Cash & Equivalents
6.33% -462.00% 275.92% 13.22% 2
Derivative
0.06% -126.74% 65.32% 3.92% 1
Municipal
0.00% 0.00% 98.80% 12.11% 5

Bond Geographic Breakdown

Weighting Category Low Category High BLDAX % Rank Quintile
US
79.22% -370.09% 500.82% 18.77% 3
Non US
12.60% -171.42% 351.70% 14.45% 3

BLDAX - Expenses

Operational Fees

BLDAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.81% 0.00% 44.72% 10.14% 3
Management Fee 0.29% 0.00% 2.15% 3.51% 2
12b-1 Fee 0.25% 0.00% 1.00% 1.98% 3
Administrative Fee 0.06% 0.00% 0.63% 3.30% 2

Sales Fees

BLDAX Fees (% of AUM) Category Low Category High BLDAX Rank Quintile
Front Load 2.25% 0.00% 5.75% 4.09% 2
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

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

BLDAX Fees (% of AUM) Category Low Category High BLDAX Rank Quintile
Turnover 292.00% 0.00% 1576.00% 4.48% 5

BLDAX - Distributions

Dividend Yield Analysis

BLDAX Category Low Category High BLDAX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.23% 17.85% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BLDAX Category Low Category High BLDAX % Rank Quintile
Net Income Ratio 1.47% -1.56% 7.22% 15.64% 4

Capital Gain Distribution Analysis

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

BLDAX - Managers

Scott MacLellan

Manager

Start Date

Nov 14, 2012

Tenure

5.88

Tenure Rank

5.6%

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.


Thomas F. Musmanno

Manager

Start Date

Jul 08, 2008

Tenure

10.24

Tenure Rank

3.1%

Thomas Musmanno has been a Managing Director of BlackRock Fund Advisors since 2010. Prior to that, Mr. Musmanno was Director of BFA from 2006 to 2009 and Director of Merrill Lynch Investment Managers, L.P. from 2004 to 2006, vice president of Merrill Lynch from 1996 to 2004, derivatives and structured products specialist with Merrill Lynch Investment Managers from 2000 to 2006 and a portfolio manager with MLIM from 1996 to 2006. Musmanno holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

29.8

Category Average

6.59

Category Mode

3.8