BASIX: BlackRock Strategic Income Opps Inv A

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BASIX BlackRock Strategic Income Opps Inv A

  • Fund
  • BASIX
  • Price as of: Dec 05, 2019
  • $9.89
    - $0.00 - 0.00%

Profile

BASIX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return -0.8%
  • Net Assets $33.3 B
  • Holdings in Top 10 7.3%

52 WEEK LOW AND HIGH

$9.89
$9.58
$9.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 2337.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.00%
DIVIDENDS
  • Dividend Yield 0.7%
  • 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.


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Categories

Fund Company Quick Screens

BASIX - Fund Company Quick Screens


Performance

BASIX - Performance

Return Ranking - Trailing

Period BASIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -6.3% 13.5% 51.42%
1 Yr 3.0% -8.9% 13.9% 39.93%
3 Yr 0.3%* -5.3% 5.7% 48.98%
5 Yr -0.8%* -4.2% 6.2% 62.81%
10 Yr 0.6%* -1.9% 5.5% 32.47%

* Annualized

Return Ranking - Calendar

Period BASIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.7% -9.2% 3.1% 42.13%
2017 1.3% -12.3% 9.4% 50.00%
2016 0.6% -2.8% 10.7% 67.83%
2015 -3.4% -11.1% 4.8% 40.39%
2014 -0.5% -8.4% 54.9% 36.48%

Total Return Ranking - Trailing

Period BASIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -6.5% 13.3% 51.06%
1 Yr 3.0% -8.4% 16.5% 44.60%
3 Yr 0.3%* -3.5% 7.8% 65.31%
5 Yr -0.3%* -4.2% 6.2% 71.86%
10 Yr 1.2%* -1.9% 5.5% 48.05%

* Annualized

Total Return Ranking - Calendar

Period BASIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.7% -9.2% 8.0% 65.35%
2017 1.3% -3.1% 15.2% 69.83%
2016 0.6% -2.8% 17.7% 78.26%
2015 -2.5% -10.1% 5.4% 49.26%
2014 3.2% -8.0% 55.3% 22.64%

NAV & Total Return History


Holdings

BASIX - Holdings

Concentration Analysis

BASIX Category Low Category High BASIX % Rank
Net Assets 33.3 B 1.15 M 33.3 B 0.70%
Number of Holdings 4830 12 4830 0.68%
Net Assets in Top 10 2.39 B -5.94 B 9.26 B 2.39%
Weighting of Top 10 7.30% 7.3% 866.9% 99.32%

Top 10 Holdings

  1. United States Treasury Notes 0.5% 1.65%
  2. Fnma Pass-Thru I 3% 0.81%
  3. Japan (Government Of) 0.1% 0.78%
  4. Fnma Pass-Thru I 4.5% 0.72%
  5. United States Treasury Notes 0.62% 0.60%
  6. Fnma Pass-Thru I 4.5% 0.59%
  7. France (Republic Of) 1.5% 0.58%
  8. Fnma Pass-Thru I 4% 0.53%
  9. China (People's Republic Of) 3.29% 0.53%
  10. iShares iBoxx $ High Yield Corp Bd ETF 0.51%

Asset Allocation

Weighting Return Low Return High BASIX % Rank
Bonds
95.03% -0.91% 255.95% 17.06%
Convertible Bonds
2.82% -1.28% 90.21% 20.14%
Stocks
2.06% -34.71% 18.21% 11.26%
Cash
0.29% -162.57% 75.53% 83.96%
Preferred Stocks
0.07% 0.00% 18.71% 36.18%
Other
-0.28% -14.92% 111.61% 85.32%

Stock Sector Breakdown

Weighting Return Low Return High BASIX % Rank
Consumer Cyclical
0.55% -0.50% 2.14% 7.21%
Financial Services
0.41% -0.02% 12.03% 16.22%
Technology
0.32% -0.02% 13.39% 8.11%
Industrials
0.24% -0.02% 2.96% 13.96%
Energy
0.21% 0.00% 1.63% 14.41%
Healthcare
0.14% -0.10% 7.25% 12.16%
Communication Services
0.12% -0.01% 1.01% 16.22%
Utilities
0.02% -0.04% 2.50% 23.42%
Consumer Defense
0.02% -0.03% 0.71% 21.62%
Basic Materials
0.02% -0.02% 1.02% 22.52%
Real Estate
0.01% -0.07% 4.51% 33.78%

Stock Geographic Breakdown

Weighting Return Low Return High BASIX % Rank
US
1.63% -32.05% 17.67% 7.17%
Non US
0.43% -2.66% 8.11% 9.22%

Bond Sector Breakdown

Weighting Return Low Return High BASIX % Rank
Securitized
40.11% 0.00% 134.79% 40.96%
Corporate
37.70% -0.30% 135.38% 30.38%
Government
14.67% -117.67% 398.07% 38.91%
Municipal
5.44% 0.00% 87.77% 4.78%
Cash & Equivalents
0.53% -154.98% 75.49% 85.32%
Derivative
-0.25% -238.73% 12.41% 74.06%

Bond Geographic Breakdown

Weighting Return Low Return High BASIX % Rank
US
65.82% -10.95% 184.21% 42.32%
Non US
29.21% -24.24% 183.34% 37.88%

Expenses

BASIX - Expenses

Operational Fees

BASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.20% 814.62% 42.59%
Management Fee 0.45% 0.00% 2.15% 9.27%
12b-1 Fee 0.25% 0.00% 1.00% 35.75%
Administrative Fee 0.06% 0.00% 0.45% 8.70%

Sales Fees

BASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.40% 6.50% 50.77%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BASIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 2337.00% 0.00% 2337.00% 99.29%

Distributions

BASIX - Distributions

Dividend Yield Analysis

BASIX Category Low Category High BASIX % Rank
Dividend Yield 0.67% 0.00% 5.09% 80.79%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BASIX Category Low Category High BASIX % Rank
Net Income Ratio 3.00% 0.10% 6.40% 58.89%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BASIX - Fund Manager Analysis

Managers

Rick Rieder


Start Date

Tenure

Tenure Rank

Aug 06, 2010

9.32

9.3%

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


Start Date

Tenure

Tenure Rank

Oct 17, 2011

8.13

8.1%

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


Start Date

Tenure

Tenure Rank

Apr 28, 2017

2.59

2.6%

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 Category High Category Average Category Mode
0.08 24.93 5.3 1.35