BDHKX: BlackRock Dynamic High Income K - MutualFunds.com

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BDHKX BlackRock Dynamic High Income K

  • Fund
  • BDHKX
  • Price as of: Oct 11, 2019
  • $9.57 + $0.04 + 0.42%

BDHKX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 7.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.11 B
  • Holdings in Top 10 21.6%

52 WEEK LOW AND HIGH

$9.57
$8.47
$9.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

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

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.29%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock Dynamic High Income Portfolio
  • Fund Family Name BlackRock
  • Inception Date Mar 28, 2016
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Fredericks

Fund Description

The fund may invest up to 100% of its assets in equity securities and up to 100% of its assets in fixed-income securities. It may also gain exposure to such equity securities and fixed-income securities by investing in BlackRock equity and/or fixed-income mutual funds ("underlying funds") and affiliated and unaffiliated ETFs. The fund may also invest up to 50% of its assets in structured notes that provide exposure to covered call options or other types of financial instruments.

BDHKX - Performance

Return Ranking - Trailing

Period BDHKX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% 0.6% 17.8% 21.35%
1 Yr 5.3% -5.8% 10.7% 17.98%
3 Yr 7.8%* -2.3% 7.8% 1.20%
5 Yr N/A* -3.5% 6.6% N/A
10 Yr N/A* -2.2% 7.5% N/A

* Annualized


Return Ranking - Calendar

Period BDHKX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -25.9% -8.4% 73.56%
2017 7.6% -0.8% 14.0% 20.99%
2016 N/A -6.5% 7.7% N/A
2015 N/A -14.5% -4.5% N/A
2014 N/A -14.1% 10.2% N/A

Total Return Ranking - Trailing

Period BDHKX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.7% 0.6% 17.8% 22.47%
1 Yr 5.3% -7.1% 10.7% 21.35%
3 Yr 7.8%* -2.3% 7.8% 1.20%
5 Yr N/A* -3.2% 6.6% N/A
10 Yr N/A* -2.2% 7.8% N/A

* Annualized


Total Return Ranking - Calendar

Period BDHKX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -25.9% -4.5% 86.21%
2017 7.9% -0.8% 15.1% 55.56%
2016 N/A -6.5% 12.6% N/A
2015 N/A -13.0% 2.3% N/A
2014 N/A -12.1% 13.1% N/A

NAV & Total Return History

BDHKX - Holdings

Concentration Analysis

BDHKX Category Low Category High BDHKX % Rank
Net Assets 1.11 B 1.34 M 16.8 B 30.00%
Number of Holdings 1130 11 4446 14.44%
Net Assets in Top 10 232 M 1.4 M 1.45 B 43.33%
Weighting of Top 10 21.58% 4.7% 200.7% 70.00%

Top 10 Holdings

  1. BlackRock Floating Rate Income K 8.12%

  2. BlackRock Allocation Target Shrs Ser A 5.52%

  3. iShares iBoxx $ High Yield Corp Bd ETF 3.22%

  4. iShares Core Dividend Growth ETF 0.99%

  5. Danaher Corp 0.64%

  6. Ally Financial Inc 0.62%

  7. Progressive Corp 0.62%

  8. Honeywell International Inc 0.62%

  9. Bank of America Corporation 0.62%

  10. Morgan Stanley 0.62%


Asset Allocation

Weighting Return Low Return High BDHKX % Rank
Bonds
50.03% -120.56% 74.12% 35.56%
Stocks
41.90% 11.81% 78.03% 37.78%
Convertible Bonds
3.99% 0.06% 25.27% 44.44%
Cash
2.92% -43.56% 184.19% 67.78%
Preferred Stocks
0.94% 0.00% 20.01% 63.33%
Other
0.21% -1.58% 23.86% 44.44%

Stock Sector Breakdown

Weighting Return Low Return High BDHKX % Rank
Financial Services
8.41% 0.00% 16.90% 20.00%
Industrials
5.74% 0.94% 8.65% 13.33%
Consumer Cyclical
5.56% 0.00% 10.62% 17.78%
Real Estate
5.40% 0.00% 23.90% 36.67%
Energy
5.35% 1.00% 12.77% 32.22%
Healthcare
4.15% 0.08% 12.12% 36.67%
Technology
3.61% 0.08% 15.50% 33.33%
Consumer Defense
1.21% 0.00% 16.96% 72.22%
Basic Materials
1.12% 0.00% 4.44% 51.11%
Communication Services
1.09% 0.43% 7.30% 57.78%
Utilities
0.25% 0.12% 13.85% 92.22%

Stock Geographic Breakdown

Weighting Return Low Return High BDHKX % Rank
US
32.99% -1.16% 71.31% 10.00%
Non US
8.91% 0.00% 37.92% 83.33%

Bond Sector Breakdown

Weighting Return Low Return High BDHKX % Rank
Corporate
39.08% 10.44% 74.66% 43.33%
Securitized
14.02% 0.00% 19.63% 11.11%
Cash & Equivalents
2.43% -43.56% 186.99% 67.78%
Government
2.33% -132.75% 47.44% 73.33%
Derivative
0.03% -0.51% 0.44% 11.11%
Municipal
0.00% 0.00% 3.48% 63.33%

Bond Geographic Breakdown

Weighting Return Low Return High BDHKX % Rank
US
31.63% -166.35% 49.73% 33.33%
Non US
18.40% 2.80% 45.79% 38.89%

BDHKX - Expenses

Operational Fees

BDHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.18% 11.95% 73.03%
Management Fee 0.60% 0.10% 1.49% 54.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.03% 0.13% 53.33%

Sales Fees

BDHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BDHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A 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.

BDHKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 4.00% 282.00% 46.67%

BDHKX - Distributions

Dividend Yield Analysis

BDHKX Category Low Category High BDHKX % Rank
Dividend Yield 2.77% 0.68% 7.69% 34.44%

Dividend Distribution Analysis

BDHKX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

BDHKX Category Low Category High BDHKX % Rank
Net Income Ratio 6.29% 0.15% 7.47% 2.25%

Capital Gain Distribution Analysis

BDHKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

BDHKX - Managers

Michael Fredericks

Manager

Start Date

Tenure

Tenure Rank

Nov 03, 2014

4.91

4.9%

Michael Fredericks, Managing Director, is head of Income Investing for the Blackrock Multi-Asset Strategies group and lead portfolio manager for the Multi-Asset Income, Global Multi-Asset Income, Dynamic High Income, and Managed Income funds. Mr. Fredericks joined BlackRock in 2011 from JPMorgan Asset Management where he was an Executive Director and portfolio manager in the Global Multi-Asset Group (GMAG) responsible for retail asset allocation solutions. At JPMorgan he co-managed the JPMorgan Diversified Fund and the JPMorgan Income Builder Fund, and served on the GMAG New York investment committee. Previously he was an equity analyst responsible for global consumer discretionary stocks at Nicholas Applegate Capital Management. Mr. Fredericks holds a B.A. in Economics and History from the University of California, Berkeley and an M.P.I.A. from the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He regularly contributes to financial news media and has been featured in print and broadcast outlets including the Wall Street Journal, Financial Times, Associated Press, CNBC and Bloomberg TV, among others.


Justin Christofel

Manager

Start Date

Tenure

Tenure Rank

Nov 03, 2014

4.91

4.9%

Justin Christofel, CFA, CAIA, Managing Director and portfolio manager, is a member of the BlackRock Multi-Asset Strategies group. Prior to the launch of the Income strategies, Mr. Christofel managed customized asset allocation portfolios for institutional investors. He also managed volatility control strategies, and a multi-asset real return portfolio. Mr. Christofel joined Blackrock in 2007 from Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance. Mr. Christofel graduated from Yale University with a BA degree, with honors, in economics and mathematics.


Alex Shingler

Manager

Start Date

Tenure

Tenure Rank

Mar 09, 2015

4.56

4.6%

Alex Shingler, CFA, Managing Director and portfolio manager, is a member of BlackRock's Multi-Asset Strategies group. Prior to his current role, Mr. Shingler served as a research analyst and portfolio manager within European and US Credit Strategies. Before joining BlackRock in 2009 in London, Mr. Shingler was Head of European Research at R3 Capital Partners and its predecessor. From 1999 to 2007, Mr. Shingler was with Seneca Capital Advisors, focusing on special situation equity and debt investments. He began his career as ananalyst with J.P. Morgan. Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University.


Tenure Analysis

Category Low

0.13

Category High

16.51

Category Average

4.53

Category Mode

5.02