BlackRock Core Bond Instl
- BFMCX
- Price as of: Jan 25, 2021
-
$10.05
N/A N/A
- Primary Theme
- U.S. Intermediate-Term Bond Duration
- Fund Company
- BlackRock
- Share Class
BFMCX - Snapshot
Vitals
- YTD Return -0.7%
- 3 Yr Annualized Return 5.8%
- 5 Yr Annualized Return 4.6%
- Net Assets $4.45 B
- Holdings in Top 10 29.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.60%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover N/A
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,000,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Intermediate-Term Bond Duration
- Fund Type Open End Mutual Fund
- Investment Style Intermediate Core Bond
BFMCX - Profile
Distributions
- YTD Total Return -0.7%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.94%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock Core Bond Portfolio
-
Fund Family NameBlackRock
-
Inception DateDec 09, 1992
-
Shares Outstanding269141264
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRick Rieder
BFMCX - Performance
Return Ranking - Trailing
Period | BFMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -1.2% | 7.8% | 89.51% |
1 Yr | 8.3% | -4.0% | 18.5% | 42.72% |
3 Yr | 5.8%* | 0.9% | 9.8% | 28.50% |
5 Yr | 4.6%* | 1.1% | 9.2% | 52.32% |
10 Yr | 4.1%* | 1.6% | 8.4% | 44.63% |
* Annualized
Return Ranking - Calendar
Period | BFMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.3% | -10.1% | 946.1% | 79.90% |
2019 | 6.7% | -2.6% | 13.9% | 14.93% |
2018 | -3.2% | -10.3% | 2.7% | 45.37% |
2017 | 0.4% | -49.5% | 8.1% | 87.60% |
2016 | 0.3% | -49.3% | 192.8% | 57.12% |
Total Return Ranking - Trailing
Period | BFMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.7% | -1.2% | 7.8% | 89.51% |
1 Yr | 8.3% | -6.2% | 18.5% | 35.95% |
3 Yr | 5.8%* | 0.9% | 9.8% | 26.26% |
5 Yr | 4.6%* | 1.1% | 9.2% | 47.45% |
10 Yr | 4.1%* | 1.6% | 8.4% | 41.63% |
* Annualized
Total Return Ranking - Calendar
Period | BFMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.3% | -10.1% | 946.1% | 79.90% |
2019 | 6.7% | -2.6% | 13.9% | 16.95% |
2018 | -3.2% | -10.3% | 3.9% | 54.09% |
2017 | 0.4% | -6.0% | 8.4% | 91.58% |
2016 | 0.3% | -5.7% | 204.3% | 70.34% |
NAV & Total Return History
BFMCX - Holdings
Concentration Analysis
BFMCX | Category Low | Category High | BFMCX % Rank | |
---|---|---|---|---|
Net Assets | 4.45 B | 3.2 M | 303 B | 25.53% |
Number of Holdings | 2555 | 1 | 18475 | 11.20% |
Net Assets in Top 10 | 1.18 B | -1.13 B | 40.6 B | 21.67% |
Weighting of Top 10 | 29.39% | 3.2% | 100.0% | 39.54% |
Top 10 Holdings
- BlackRock Liquidity T-Fund Instl 14.50%
- United States Treasury Notes 0.5% 6.11%
- Federal National Mortgage Association 2.5% 4.44%
- Federal National Mortgage Association 3.5% 3.25%
- Federal National Mortgage Association 3% 2.39%
- Federal National Mortgage Association 3% 2.37%
- Federal National Mortgage Association 2.5% 2.34%
- Federal National Mortgage Association 4.5% 2.06%
- Federal National Mortgage Association 4% 1.97%
- Federal National Mortgage Association 4% 1.93%
Asset Allocation
Weighting | Return Low | Return High | BFMCX % Rank | |
---|---|---|---|---|
Bonds | 90.42% | -52.64% | 351.52% | 74.07% |
Cash | 8.53% | -238.91% | 161.55% | 22.13% |
Convertible Bonds | 1.06% | 0.00% | 8.68% | 54.17% |
Stocks | 0.00% | -0.25% | 10.89% | 29.81% |
Preferred Stocks | 0.00% | 0.00% | 84.28% | 43.06% |
Other | 0.00% | -14.22% | 7.23% | 16.11% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BFMCX % Rank | |
---|---|---|---|---|
Corporate | 34.99% | 0.00% | 100.00% | 42.96% |
Securitized | 29.70% | 0.00% | 98.07% | 50.74% |
Cash & Equivalents | 20.66% | 0.00% | 55.92% | 5.09% |
Government | 11.31% | 0.00% | 86.49% | 77.96% |
Municipal | 3.29% | 0.00% | 89.53% | 10.93% |
Derivative | 0.04% | 0.00% | 23.90% | 31.85% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BFMCX % Rank | |
---|---|---|---|---|
US | 78.64% | -52.88% | 336.16% | 73.52% |
Non US | 11.78% | -144.79% | 48.76% | 38.33% |
BFMCX - Expenses
Operational Fees
BFMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.01% | 19.93% | 62.37% |
Management Fee | 0.34% | 0.00% | 0.85% | 35.96% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | 31.00% |
Sales Fees
BFMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
BFMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
BFMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 3.00% | 484.45% | 84.92% |
BFMCX - Distributions
Dividend Yield Analysis
BFMCX | Category Low | Category High | BFMCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.79% | 11.84% |
Dividend Distribution Analysis
BFMCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Semi-Annually | Monthly | Monthly |
Net Income Ratio Analysis
BFMCX | Category Low | Category High | BFMCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.94% | -0.39% | 11.28% | 16.33% |
Capital Gain Distribution Analysis
BFMCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Dividend Payout History
Date | Amount |
---|---|
Feb 28, 2019 | $0.023 |
Jan 31, 2019 | $0.024 |
Dec 31, 2018 | $0.024 |
Nov 30, 2018 | $0.023 |
Oct 31, 2018 | $0.024 |
Sep 28, 2018 | $0.023 |
Aug 31, 2018 | $0.023 |
Jul 31, 2018 | $0.022 |
Jun 29, 2018 | $0.021 |
May 31, 2018 | $0.021 |
Apr 30, 2018 | $0.020 |
Mar 29, 2018 | $0.021 |
Feb 28, 2018 | $0.020 |
Jan 31, 2018 | $0.021 |
Dec 29, 2017 | $0.021 |
Nov 30, 2017 | $0.023 |
Oct 31, 2017 | $0.022 |
Sep 29, 2017 | $0.022 |
Aug 31, 2017 | $0.022 |
Jul 31, 2017 | $0.022 |
Jun 30, 2017 | $0.021 |
May 31, 2017 | $0.021 |
Apr 28, 2017 | $0.021 |
Mar 31, 2017 | $0.022 |
Feb 28, 2017 | $0.021 |
Jan 31, 2017 | $0.020 |
Dec 30, 2016 | $0.021 |
Nov 30, 2016 | $0.020 |
Oct 31, 2016 | $0.019 |
Sep 30, 2016 | $0.017 |
Aug 31, 2016 | $0.019 |
Jul 29, 2016 | $0.019 |
Jun 30, 2016 | $0.019 |
May 31, 2016 | $0.020 |
Apr 29, 2016 | $0.020 |
Mar 31, 2016 | $0.019 |
Feb 29, 2016 | $0.019 |
Jan 29, 2016 | $0.020 |
Dec 31, 2015 | $0.021 |
Nov 30, 2015 | $0.019 |
Oct 30, 2015 | $0.019 |
Sep 30, 2015 | $0.018 |
Aug 31, 2015 | $0.018 |
Jul 31, 2015 | $0.020 |
Jun 30, 2015 | $0.020 |
May 29, 2015 | $0.019 |
Apr 30, 2015 | $0.019 |
Mar 31, 2015 | $0.017 |
Feb 27, 2015 | $0.019 |
Jan 30, 2015 | $0.021 |
Dec 31, 2014 | $0.022 |
Nov 28, 2014 | $0.022 |
Oct 31, 2014 | $0.022 |
Sep 30, 2014 | $0.021 |
Aug 29, 2014 | $0.022 |
Jul 31, 2014 | $0.024 |
Jun 30, 2014 | $0.025 |
May 30, 2014 | $0.026 |
Apr 30, 2014 | $0.027 |
Mar 31, 2014 | $0.027 |
Mar 03, 2014 | $0.026 |
Feb 03, 2014 | $0.026 |
Jan 02, 2014 | $0.024 |
Dec 02, 2013 | $0.023 |
Nov 01, 2013 | $0.022 |
Oct 01, 2013 | $0.021 |
Sep 03, 2013 | $0.022 |
Aug 01, 2013 | $0.024 |
Jul 01, 2013 | $0.024 |
Jun 03, 2013 | $0.025 |
May 01, 2013 | $0.025 |
Apr 01, 2013 | $0.021 |
Mar 01, 2013 | $0.022 |
Feb 01, 2013 | $0.024 |
Jan 02, 2013 | $0.026 |
Dec 03, 2012 | $0.026 |
Nov 01, 2012 | $0.028 |
Oct 01, 2012 | $0.025 |
Sep 04, 2012 | $0.026 |
Aug 01, 2012 | $0.027 |
Jul 02, 2012 | $0.027 |
Jun 01, 2012 | $0.027 |
May 01, 2012 | $0.025 |
Apr 02, 2012 | $0.026 |
Mar 01, 2012 | $0.027 |
Feb 01, 2012 | $0.028 |
Jan 03, 2012 | $0.028 |
Dec 01, 2011 | $0.027 |
Nov 01, 2011 | $0.028 |
Oct 03, 2011 | $0.029 |
Sep 01, 2011 | $0.030 |
Aug 01, 2011 | $0.029 |
Jul 01, 2011 | $0.032 |
Jun 01, 2011 | $0.033 |
May 02, 2011 | $0.034 |
Apr 01, 2011 | $0.034 |
Mar 01, 2011 | $0.033 |
Feb 01, 2011 | $0.034 |
Jan 03, 2011 | $0.033 |
Dec 01, 2010 | $0.031 |
Nov 01, 2010 | $0.031 |
Oct 01, 2010 | $0.030 |
Sep 01, 2010 | $0.031 |
Aug 02, 2010 | $0.034 |
Jul 01, 2010 | $0.032 |
Jun 01, 2010 | $0.033 |
May 03, 2010 | $0.036 |
Apr 01, 2010 | $0.040 |
Mar 01, 2010 | $0.039 |
Feb 01, 2010 | $0.041 |
Jan 04, 2010 | $0.038 |
Dec 01, 2009 | $0.035 |
Nov 02, 2009 | $0.035 |
Oct 01, 2009 | $0.033 |
Sep 01, 2009 | $0.039 |
Aug 03, 2009 | $0.035 |
Jul 01, 2009 | $0.036 |
Jun 01, 2009 | $0.040 |
May 01, 2009 | $0.044 |
Apr 01, 2009 | $0.046 |
Mar 02, 2009 | $0.047 |
Feb 02, 2009 | $0.040 |
Jan 02, 2009 | $0.042 |
Dec 01, 2008 | $0.042 |
Nov 03, 2008 | $0.041 |
Oct 01, 2008 | $0.040 |
Sep 02, 2008 | $0.040 |
Aug 01, 2008 | $0.040 |
Jul 01, 2008 | $0.040 |
Jun 02, 2008 | $0.040 |
May 01, 2008 | $0.038 |
Apr 01, 2008 | $0.038 |
Mar 03, 2008 | $0.038 |
Feb 01, 2008 | $0.037 |
Jan 02, 2008 | $0.037 |
Dec 03, 2007 | $0.037 |
Nov 01, 2007 | $0.037 |
Oct 01, 2007 | $0.036 |
Sep 04, 2007 | $0.036 |
Aug 01, 2007 | $0.036 |
Jul 02, 2007 | $0.036 |
Jun 01, 2007 | $0.036 |
May 01, 2007 | $0.036 |
Apr 02, 2007 | $0.037 |
Mar 01, 2007 | $0.037 |
Feb 01, 2007 | $0.037 |
Jan 02, 2007 | $0.037 |
Dec 01, 2006 | $0.036 |
Nov 01, 2006 | $0.036 |
Oct 02, 2006 | $0.039 |
Sep 01, 2006 | $0.036 |
Aug 01, 2006 | $0.035 |
Jul 03, 2006 | $0.034 |
Jun 01, 2006 | $0.034 |
May 01, 2006 | $0.034 |
Apr 03, 2006 | $0.034 |
Mar 01, 2006 | $0.033 |
Feb 28, 2006 | $0.039 |
Feb 01, 2006 | $0.034 |
Jan 31, 2006 | $0.041 |
Dec 01, 2005 | $0.033 |
Nov 01, 2005 | $0.033 |
Oct 03, 2005 | $0.033 |
Sep 01, 2005 | $0.033 |
Aug 01, 2005 | $0.033 |
Jul 01, 2005 | $0.033 |
Jun 01, 2005 | $0.033 |
May 02, 2005 | $0.033 |
Apr 01, 2005 | $0.033 |
Mar 01, 2005 | $0.033 |
Feb 01, 2005 | $0.032 |
Jan 03, 2005 | $0.026 |
Dec 01, 2004 | $0.026 |
Nov 01, 2004 | $0.026 |
Oct 01, 2004 | $0.026 |
Sep 01, 2004 | $0.026 |
Aug 02, 2004 | $0.026 |
Jul 01, 2004 | $0.026 |
Jun 01, 2004 | $0.026 |
May 03, 2004 | $0.026 |
Apr 01, 2004 | $0.026 |
Mar 01, 2004 | $0.032 |
Feb 02, 2004 | $0.032 |
Jan 02, 2004 | $0.042 |
Dec 01, 2003 | $0.042 |
Nov 03, 2003 | $0.042 |
Oct 01, 2003 | $0.042 |
Sep 02, 2003 | $0.042 |
Aug 01, 2003 | $0.042 |
Jul 01, 2003 | $0.042 |
Jun 02, 2003 | $0.042 |
May 01, 2003 | $0.042 |
Apr 01, 2003 | $0.042 |
Mar 03, 2003 | $0.042 |
Feb 03, 2003 | $0.043 |
Jan 02, 2003 | $0.076 |
Dec 02, 2002 | $0.042 |
Nov 01, 2002 | $0.042 |
Oct 01, 2002 | $0.042 |
Sep 03, 2002 | $0.042 |
Aug 01, 2002 | $0.042 |
Jul 01, 2002 | $0.042 |
Jun 03, 2002 | $0.042 |
May 01, 2002 | $0.043 |
Apr 01, 2002 | $0.044 |
Mar 01, 2002 | $0.044 |
Feb 01, 2002 | $0.047 |
Jan 02, 2002 | $0.062 |
Dec 03, 2001 | $0.044 |
Nov 01, 2001 | $0.044 |
Oct 01, 2001 | $0.044 |
Sep 04, 2001 | $0.044 |
Aug 01, 2001 | $0.045 |
Jul 02, 2001 | $0.045 |
Jun 01, 2001 | $0.047 |
May 01, 2001 | $0.049 |
Apr 02, 2001 | $0.049 |
Mar 01, 2001 | $0.049 |
Feb 01, 2001 | $0.049 |
Jan 02, 2001 | $0.049 |
Dec 01, 2000 | $0.049 |
Nov 01, 2000 | $0.049 |
Oct 02, 2000 | $0.049 |
Sep 01, 2000 | $0.049 |
Aug 01, 2000 | $0.049 |
Jul 03, 2000 | $0.049 |
Jun 01, 2000 | $0.049 |
May 01, 2000 | $0.049 |
Apr 03, 2000 | $0.049 |
Mar 01, 2000 | $0.049 |
Feb 01, 2000 | $0.049 |
Dec 01, 1999 | $0.052 |
Nov 01, 1999 | $0.049 |
Oct 01, 1999 | $0.049 |
Sep 01, 1999 | $0.049 |
Aug 02, 1999 | $0.049 |
Jul 01, 1999 | $0.049 |
Jun 01, 1999 | $0.049 |
May 03, 1999 | $0.049 |
Apr 01, 1999 | $0.049 |
Mar 01, 1999 | $0.049 |
Feb 01, 1999 | $0.049 |
Jan 04, 1999 | $0.049 |
Dec 01, 1998 | $0.049 |
Nov 02, 1998 | $0.049 |
Oct 01, 1998 | $0.049 |
Sep 01, 1998 | $0.049 |
Aug 03, 1998 | $0.049 |
Jul 01, 1998 | $0.049 |
Jun 01, 1998 | $0.048 |
May 01, 1998 | $0.045 |
Apr 01, 1998 | $0.053 |
Mar 02, 1998 | $0.053 |
BFMCX - Fund Manager Analysis
Managers
Rick Rieder
Start Date
Tenure
Tenure Rank
Aug 06, 2010
10.41
10.4%
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
9.21
9.2%
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
Start Date
Tenure
Tenure Rank
Jan 28, 2016
4.93
4.9%
Akiva Dickstein, Managing Director, is Head of Customized Core Portfolios within BlackRock's Americas Fixed Income Alpha Strategies and a member of the Americas Fixed Income Executive Team. Mr. Dickstein has been the lead portfolio manager on BlackRock's mortgage portfolios since joining BlackRock in 2009. Prior to that, 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. Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993.
David Rogal
Start Date
Tenure
Tenure Rank
Jan 27, 2017
3.93
3.9%
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 |
---|---|---|---|
0.04 | 32.01 | 6.94 | 1.5 |