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BSIIX BlackRock Strategic Income Opps Instl

  • Fund
  • BSIIX
  • Price as of: Feb 20, 2019
  • $9.69
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

BSIIX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $34 B
  • Holdings in Top 10 46.4%

52 WEEK LOW AND HIGH

$9.69
$9.58
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

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

BROKERAGE FEES

  • Turnover 1576.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 0.3%
  • 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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Rick Rieder

Fund Description

The fund normally invests in a combination of fixed income securities, including, but not limited to: high yield securities, international securities, emerging markets debt and mortgages. It may invest significantly in non-investment grade bonds (high yield or junk bonds). The fund may also invest significantly in non-dollar denominated bonds and bonds of emerging market issuers. It may invest up to 15% of its net assets in collateralized debt obligations, of which 10% (as a percentage of the fund's net assets) may be collateralized in loan obligations.

BSIIX - Performance

Return Ranking - Trailing

Period BSIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.9% -30.9% 14.2% 37.15% 3
1 Yr -0.5% -16.3% 21.5% 81.15% 5
3 Yr 3.3% * -6.1% 15.2% 19.94% 2
5 Yr 2.5% * -2.4% 14.8% 24.54% 2
10 Yr 5.9% * -0.7% 11.4% 13.14% 1

* Annualized

Return Ranking - Calendar

Period BSIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.6% -36.6% 9.9% 45.65% 4
2017 1.3% -11.1% 25.1% 27.81% 2
2016 0.6% -13.3% 192.8% 30.49% 3
2015 -3.4% -33.0% 20.8% 45.16% 4
2014 -0.5% -9.3% 20.7% 46.86% 4

Total Return Ranking - Trailing

Period BSIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.9% -100.0% 14.2% 37.13% 3
1 Yr -0.5% -16.3% 21.5% 67.18% 4
3 Yr 3.3% * -7.0% 15.2% 18.44% 1
5 Yr 2.5% * -2.8% 14.8% 21.83% 2
10 Yr 5.9% * -0.7% 11.4% 12.69% 1

* Annualized

Total Return Ranking - Calendar

Period BSIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.6% -36.6% 9.9% 46.28% 4
2017 1.3% -11.1% 25.1% 28.62% 2
2016 0.6% -9.0% 195.3% 41.92% 3
2015 -2.5% -32.5% 58.5% 54.00% 4
2014 1.5% -8.3% 58.3% 44.82% 3

NAV & Total Return History

BSIIX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

BSIIX Category Low Category High BSIIX % Rank Quintile
Net Assets 34 B 319 K 207 B 1.12% 1
Number of Holdings 5392 1 17326 0.56% 1
Net Assets in Top 10 14 B -36 B 52.1 B 0.31% 1
Weighting of Top 10 46.4% 0.0% 1093.9% 10.12% 2

Top 10 Holdings

  1. United States Treasury Notes 2.75% 9.89%
  2. United States Treasury Notes 2.5% 8.25%
  3. United States Treasury Notes 2.38% 5.25%
  4. United States Treasury Notes 2.25% 5.22%
  5. United States Treasury Notes 0.12% 4.07%
  6. Bb Treasury Note 4.02%
  7. United States Treasury Notes 2.5% 3.26%
  8. United States Treasury Notes 0.12% 2.31%
  9. United States Treasury Bonds 3.12% 2.24%
  10. United States Treasury Notes 2.62% 1.93%

Asset Allocation

Weighting Category Low Category High BSIIX % Rank Quintile
Bonds 		99.06% -175.98% 611.62% 5.60% 1
Convertible Bonds 		2.90% 0.00% 13.10% 1.68% 1
Stocks 		2.13% -2.63% 98.80% 2.59% 1
Other 		0.47% -147.36% 99.99% 7.63% 2
Preferred Stocks 		0.10% 0.00% 22.15% 6.15% 2
Cash 		-4.66% -517.20% 275.92% 28.13% 5

Stock Sector Breakdown

Weighting Category Low Category High BSIIX % Rank Quintile
Financial Services 		0.85% -0.63% 19.71% 2.98% 1
Consumer Cyclical 		0.39% -0.43% 11.66% 3.27% 1
Energy 		0.21% -0.88% 9.83% 3.94% 1
Industrials 		0.17% -0.42% 11.47% 4.33% 1
Technology 		0.14% -1.56% 21.00% 3.94% 1
Communication Services 		0.10% -0.07% 4.28% 3.75% 1
Basic Materials 		0.04% -0.43% 8.20% 4.04% 1
Consumer Defense 		0.03% -0.29% 11.56% 4.13% 1
Real Estate 		0.02% -0.15% 14.09% 5.10% 1
Healthcare 		0.02% -0.69% 16.35% 4.52% 1
Utilities 		0.01% -0.14% 9.04% 4.71% 2

Stock Geographic Breakdown

Weighting Category Low Category High BSIIX % Rank Quintile
US 		1.54% -4.81% 96.34% 2.44% 1
Non US 		0.59% -1.57% 93.85% 1.73% 1

Bond Sector Breakdown

Weighting Category Low Category High BSIIX % Rank Quintile
Government 		52.50% -389.49% 503.27% 3.46% 1
Corporate 		28.03% 0.00% 221.70% 22.84% 4
Securitized 		14.76% 0.00% 118.59% 26.14% 4
Municipal 		5.58% 0.00% 99.68% 2.49% 1
Derivative 		-0.57% -179.93% 272.90% 5.85% 5
Cash & Equivalents 		-3.32% -790.54% 275.92% 27.82% 5

Bond Geographic Breakdown

Weighting Category Low Category High BSIIX % Rank Quintile
US 		72.10% -370.09% 500.82% 23.25% 4
Non US 		26.96% -185.01% 351.70% 4.73% 1

BSIIX - Expenses

Operational Fees

BSIIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.90% 0.00% 44.72% 9.72% 3
Management Fee 0.46% 0.00% 2.15% 2.54% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.06% 0.00% 0.63% 3.47% 2

Sales Fees

BSIIX Fees (% of AUM) Category Low Category High BSIIX 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

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

BSIIX Fees (% of AUM) Category Low Category High BSIIX Rank Quintile
Turnover 1576.00% 0.00% 1576.00% 0.05% 5

BSIIX - Distributions

Dividend Yield Analysis

BSIIX Category Low Category High BSIIX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.70% 17.75% 2

Dividend Distribution Analysis

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

Dividend Payout History

View More History

Net Income Ratio Analysis

BSIIX Category Low Category High BSIIX % Rank Quintile
Net Income Ratio 3.49% -1.56% 7.22% 5.85% 1

Capital Gain Distribution Analysis

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

BSIIX - Managers

Rick Rieder

Manager

Start Date

Aug 06, 2010

Tenure

8.49

Tenure Rank

4.2%

Rick Rieder, Managing Director, is BlackRock's Global Chief Investment Officer of Fixed Income, and Co-head of BlackRock's Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock firm-wide Investment Council. 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 inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013, and was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014. 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. Mr. Rieder is 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 eleven 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 Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Bob Miller

Manager

Start Date

Oct 17, 2011

Tenure

7.3

Tenure Rank

4.9%

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

1.76

Tenure Rank

9.1%

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

30.1

Category Average

6.58

Category Mode

1.9

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