CMCBX: BlackRock Core Bond Portfolio - MutualFunds.com

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CMCBX - Snapshot

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $4.24 B
  • Holdings in Top 10 34.6%

52 WEEK LOW AND HIGH

$10.40
$9.45
$10.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

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) $5,000
  • IRA N/A

Fund Classification


Compare CMCBX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$87.70

+0.13%

$291.23 B

2.60%

$2.28

4.73%

0.04%

$11.57

+0.17%

$291.23 B

2.53%

$0.29

4.71%

0.15%

$11.49

+0.17%

$202.43 B

2.62%

$0.30

4.36%

0.09%

$11.58

0.00%

$89.35 B

2.40%

$0.28

5.85%

0.67%

$117.47

+0.15%

$80.80 B

2.59%

$3.04

4.68%

0.05%

CMCBX - Profile

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Core Bond Portfolio
  • Fund Family Name
    BlackRock
  • Inception Date
    Jan 12, 1996
  • Shares Outstanding
    4252892
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rick Rieder

Fund Description

The fund normally invests at least 80% of its assets in bonds and maintains an average portfolio duration that is within ±20% of the duration of the benchmark. The management team selects bonds from several sectors including: U.S. treasuries and agency securities, commercial and residential mortgage-backed securities, CMOs, asset-backed securities and corporate bonds. The fund may 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.


CMCBX - Performance

Return Ranking - Trailing

Period CMCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -11.8% 946.6% 32.38%
1 Yr 7.2% -4.3% 17.5% 35.64%
3 Yr 5.1%* 0.9% 8.4% 40.42%
5 Yr 3.9%* 0.8% 8.2% 65.91%
10 Yr 3.5%* 1.3% 7.7% 67.54%

* Annualized

Return Ranking - Calendar

Period CMCBX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -1.7% 13.9% 15.14%
2018 N/A -10.3% 2.7% N/A
2017 N/A -49.5% 8.1% N/A
2016 N/A -49.3% 192.8% N/A
2015 N/A -12.2% 0.2% N/A

Total Return Ranking - Trailing

Period CMCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -11.8% 948.6% 32.66%
1 Yr 7.2% -8.3% 17.5% 30.87%
3 Yr 5.1%* 0.2% 8.4% 36.15%
5 Yr 3.9%* 0.5% 8.2% 59.85%
10 Yr 3.5%* 1.3% 7.7% 63.03%

* Annualized

Total Return Ranking - Calendar

Period CMCBX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -1.7% 13.9% 17.13%
2018 N/A -10.3% 3.9% N/A
2017 N/A -6.0% 8.4% N/A
2016 N/A -22.1% 204.3% N/A
2015 N/A -12.2% 3.7% N/A

NAV & Total Return History


CMCBX - Holdings

Concentration Analysis

CMCBX Category Low Category High CMCBX % Rank
Net Assets 4.24 B 3.15 M 291 B 25.44%
Number of Holdings 2472 1 18357 12.21%
Net Assets in Top 10 1.34 B -1.18 B 39.4 B 20.35%
Weighting of Top 10 34.63% 2.9% 100.0% 32.89%

Top 10 Holdings

  1. BlackRock Liquidity T-Fund Instl 11.91%
  2. United States Treasury Notes 0.5% 8.31%
  3. Federal National Mortgage Association 3.5% 3.25%
  4. Federal National Mortgage Association 3% 2.39%
  5. Federal National Mortgage Association 4% 1.97%
  6. United States Treasury Notes 0.12% 1.85%
  7. Government National Mortgage Association 3% 1.76%
  8. Federal National Mortgage Association 4.5% 1.70%
  9. Government National Mortgage Association 3.5% 1.64%
  10. Government National Mortgage Association 3.5% 1.63%

Asset Allocation

Weighting Return Low Return High CMCBX % Rank
Bonds
89.00% -57.43% 231.55% 82.92%
Cash
9.48% -139.87% 163.89% 18.13%
Convertible Bonds
1.52% 0.00% 11.80% 36.91%
Stocks
0.00% -2.10% 10.27% 24.19%
Preferred Stocks
0.00% 0.00% 80.56% 39.04%
Other
0.00% -11.86% 7.38% 19.15%

Bond Sector Breakdown

Weighting Return Low Return High CMCBX % Rank
Corporate
30.75% 0.00% 88.42% 53.10%
Securitized
25.50% 0.00% 98.79% 68.92%
Cash & Equivalents
20.37% 0.00% 92.47% 4.07%
Government
19.75% 0.00% 80.09% 55.41%
Municipal
3.45% 0.00% 80.09% 11.47%
Derivative
0.18% 0.00% 23.62% 25.53%

Bond Geographic Breakdown

Weighting Return Low Return High CMCBX % Rank
US
77.53% -57.66% 239.68% 78.91%
Non US
11.47% -140.55% 76.80% 38.30%

CMCBX - Expenses

Operational Fees

CMCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.01% 21.33% 35.20%
Management Fee 0.34% 0.00% 0.85% 36.03%
12b-1 Fee 0.25% 0.00% 1.00% 23.40%
Administrative Fee N/A 0.01% 0.50% 31.29%

Sales Fees

CMCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CMCBX 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.

CMCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 489.00% 84.52%

CMCBX - Distributions

Dividend Yield Analysis

CMCBX Category Low Category High CMCBX % Rank
Dividend Yield 0.00% 0.00% 4.08% 10.83%

Dividend Distribution Analysis

CMCBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CMCBX Category Low Category High CMCBX % Rank
Net Income Ratio 2.70% -0.35% 11.28% 45.52%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

CMCBX - Fund Manager Analysis

Managers

Rick Rieder


Start Date

Tenure

Tenure Rank

Aug 06, 2010

10.16

10.2%

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


Start Date

Tenure

Tenure Rank

Oct 17, 2011

8.96

9.0%

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

4.68

4.7%

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

3.68

3.7%

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 31.76 6.86 1.25