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BlackRock Advantage CoreAlpha Bond Fund
mutual fund
BCRAX
Payout Change
Pending
Price as of:
$8.8
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
BCRAX (Mutual Fund)
BlackRock Advantage CoreAlpha Bond Fund
Payout Change
Pending
Price as of:
$8.8
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
BCRAX (Mutual Fund)
BlackRock Advantage CoreAlpha Bond Fund
Payout Change
Pending
Price as of:
$8.8
+0.0
+0.0%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.7%
1 yr return
11.3%
3 Yr Avg Return
-3.0%
5 Yr Avg Return
-0.5%
Net Assets
$661 M
Holdings in Top 10
10.1%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.55%
SALES FEES
Front Load 4.00%
Deferred Load N/A
TRADING FEES
Turnover 219.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BCRAX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -3.0%
- 5 Yr Annualized Total Return -0.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.74%
- Dividend Yield 4.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock Advantage CoreAlpha Bond Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateSep 17, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Radell
Fund Description
The Fund invests, under normal circumstances, at least 80% of the value of the Fund’s net assets, plus the amount of any borrowing for investment purposes, in bonds. For the purposes of this strategy, “bonds” include the following: obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, including U.S. agency mortgage pass-through securities; commercial mortgage-backed securities; mortgage to-be-announced (“TBA”) securities; debt obligations of U.S. issuers; municipal securities; asset-backed securities; and U.S.-registered dollar-denominated debt obligations of foreign issuers. The Fund may invest in bonds issued by companies located in countries other than the United States, including companies in emerging markets. These securities may have all types of interest rate payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features. The Fund seeks to invest a substantial portion of its assets in U.S.-registered, dollar-denominated bonds. The Fund may invest up to 10% of its assets in securities rated below investment grade or which are deemed to be of comparable quality by BlackRock (“high yield” or “junk” bonds) at the time of purchase. Investment grade bonds are bonds rated in the four highest categories by at least one of the major rating agencies or determined by Fund management to be of similar quality. The Fund may invest in bonds of any maturity or duration.
The Fund may invest a significant portion of its assets in U.S. agency mortgage pass-through securities, which are securities issued by entities such as the Government National Mortgage Association and the Federal National Mortgage Association that are backed by pools of mortgages. Most transactions in mortgage pass-through securities occur through standardized contracts for future delivery in which the exact mortgage-backed securities to be delivered are not specified until a few days prior to settlement. The Fund expects to enter into such contracts on a regular basis.
The Fund may use derivatives, such as futures contracts, options and various other instruments. The Fund may also invest in derivatives based on foreign currencies. In addition, the Fund may use derivatives and short sales to enhance returns as part of an overall investment strategy or to offset a potential decline in the value of other holdings (commonly referred to as a “hedge”), although the Fund is not required to hedge and may choose not to do so.
The Fund is a “feeder” fund that invests all of its assets in the Master Portfolio, which has the same investment objective and strategies as the Fund. All investments are made at the Master Portfolio level. This structure is sometimes called a “master/feeder” structure. The Fund’s investment results will correspond directly to the investment results of the Master Portfolio. For simplicity, the prospectus uses the name of the Fund or the term “Fund” (as applicable) to include the Master Portfolio.
BCRAX - Performance
Return Ranking - Trailing
| Period | BCRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -48.4% | 11.7% | 42.24% |
| 1 Yr | 11.3% | -44.9% | 23.7% | 35.20% |
| 3 Yr | -3.0%* | -22.1% | 28.6% | 88.55% |
| 5 Yr | -0.5%* | -12.9% | 59.0% | 88.27% |
| 10 Yr | N/A* | -5.3% | 74.0% | 80.23% |
* Annualized
Return Ranking - Calendar
| Period | BCRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -16.2% | 8.1% | 74.56% |
| 2022 | -16.3% | -34.7% | 131.9% | 57.40% |
| 2021 | -4.3% | -11.6% | 4.4% | 85.42% |
| 2020 | 2.3% | -10.1% | 946.1% | 82.20% |
| 2019 | 5.3% | -1.7% | 16.9% | 61.23% |
Total Return Ranking - Trailing
| Period | BCRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -48.4% | 11.7% | 42.24% |
| 1 Yr | 11.3% | -44.9% | 23.7% | 35.20% |
| 3 Yr | -3.0%* | -22.1% | 28.6% | 88.55% |
| 5 Yr | -0.5%* | -12.9% | 59.0% | 88.27% |
| 10 Yr | N/A* | -5.3% | 74.0% | 89.75% |
* Annualized
Total Return Ranking - Calendar
| Period | BCRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | -11.3% | 11.9% | 70.36% |
| 2022 | -15.9% | -32.2% | 131.9% | 92.55% |
| 2021 | -2.0% | -9.4% | 9.2% | 86.18% |
| 2020 | 8.7% | -1.9% | 1009.0% | 40.59% |
| 2019 | 8.7% | 1.1% | 21668.0% | 53.90% |
NAV & Total Return History
BCRAX - Holdings
Concentration Analysis
| BCRAX | Category Low | Category High | BCRAX % Rank | |
|---|---|---|---|---|
| Net Assets | 661 M | 2.9 M | 314 B | 62.24% |
| Number of Holdings | 1863 | 1 | 17787 | 22.60% |
| Net Assets in Top 10 | 133 M | 1.62 M | 36.1 B | 67.28% |
| Weighting of Top 10 | 10.08% | 4.4% | 432.9% | 92.20% |
Top 10 Holdings
- Federal National Mortgage Association 2% 3.70%
- Federal National Mortgage Association 2% 2.49%
- Federal National Mortgage Association 2% 2.37%
- Federal National Mortgage Association 2% 2.14%
- Federal National Mortgage Association 2% 2.10%
- Federal National Mortgage Association 2% 1.95%
- Federal National Mortgage Association 2% 1.86%
- Federal National Mortgage Association 2% 1.67%
- Federal National Mortgage Association 2% 1.66%
- Federal National Mortgage Association 2% 1.61%
Asset Allocation
| Weighting | Return Low | Return High | BCRAX % Rank | |
|---|---|---|---|---|
| Bonds | 95.32% | 0.00% | 993.61% | 48.98% |
| Cash | 2.44% | -54.51% | 237.69% | 53.99% |
| Convertible Bonds | 2.24% | 0.00% | 7.93% | 22.04% |
| Stocks | 0.00% | 0.00% | 99.99% | 43.06% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 35.58% |
| Other | 0.00% | -16.55% | 52.94% | 83.03% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BCRAX % Rank | |
|---|---|---|---|---|
| Securitized | 48.59% | 0.00% | 98.40% | 14.42% |
| Corporate | 40.82% | 0.00% | 100.00% | 19.26% |
| Cash & Equivalents | 9.38% | -0.46% | 237.69% | 16.77% |
| Municipal | 0.73% | 0.00% | 100.00% | 33.26% |
| Government | 0.48% | 0.00% | 86.23% | 96.19% |
| Derivative | 0.00% | -1.41% | 44.82% | 55.83% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BCRAX % Rank | |
|---|---|---|---|---|
| US | 91.19% | 0.00% | 993.61% | 62.27% |
| Non US | 4.13% | 0.00% | 35.41% | 13.70% |
BCRAX - Expenses
Operational Fees
| BCRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.55% | 0.01% | 39.64% | 65.06% |
| Management Fee | 0.24% | 0.00% | 1.76% | 13.22% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 25.70% |
| Administrative Fee | 0.05% | 0.01% | 0.50% | 20.05% |
Sales Fees
| BCRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.00% | 2.00% | 5.75% | 33.33% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| BCRAX 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.
| BCRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 219.00% | 2.00% | 493.39% | 71.48% |
BCRAX - Distributions
Dividend Yield Analysis
| BCRAX | Category Low | Category High | BCRAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.36% | 0.00% | 10.11% | 48.98% |
Dividend Distribution Analysis
| BCRAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| BCRAX | Category Low | Category High | BCRAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.74% | -1.28% | 4.79% | 46.98% |
Capital Gain Distribution Analysis
| BCRAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.032 | OrdinaryDividend |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Jul 31, 2024 | $0.033 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.028 | OrdinaryDividend |
| Feb 29, 2024 | $0.027 | OrdinaryDividend |
| Jan 31, 2024 | $0.027 | OrdinaryDividend |
| Dec 29, 2023 | $0.028 | OrdinaryDividend |
| Dec 14, 2023 | $0.026 | CapitalGainShortTerm |
| Nov 30, 2023 | $0.027 | OrdinaryDividend |
| Oct 31, 2023 | $0.026 | OrdinaryDividend |
| Sep 29, 2023 | $0.024 | OrdinaryDividend |
| Aug 31, 2023 | $0.023 | OrdinaryDividend |
| Jul 31, 2023 | $0.023 | OrdinaryDividend |
| Jun 30, 2023 | $0.023 | OrdinaryDividend |
| May 31, 2023 | $0.022 | OrdinaryDividend |
| Apr 28, 2023 | $0.022 | OrdinaryDividend |
| Mar 31, 2023 | $0.022 | OrdinaryDividend |
| Feb 28, 2023 | $0.021 | OrdinaryDividend |
| Jan 31, 2023 | $0.021 | OrdinaryDividend |
| Dec 30, 2022 | $0.001 | ReturnOfCapital |
| Dec 30, 2022 | $0.002 | OrdinaryDividend |
| Nov 30, 2022 | $0.001 | ReturnOfCapital |
| Nov 30, 2022 | $0.002 | OrdinaryDividend |
| Oct 31, 2022 | $0.001 | ReturnOfCapital |
| Oct 31, 2022 | $0.001 | OrdinaryDividend |
| Sep 30, 2022 | $0.001 | ReturnOfCapital |
| Sep 30, 2022 | $0.001 | OrdinaryDividend |
| Aug 31, 2022 | $0.001 | ReturnOfCapital |
| Aug 31, 2022 | $0.001 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | ReturnOfCapital |
| Jun 30, 2022 | $0.001 | ReturnOfCapital |
| Jun 30, 2022 | $0.001 | OrdinaryDividend |
| May 31, 2022 | $0.001 | ReturnOfCapital |
| May 31, 2022 | $0.001 | OrdinaryDividend |
| Apr 29, 2022 | $0.001 | ReturnOfCapital |
| Apr 29, 2022 | $0.001 | OrdinaryDividend |
| Mar 31, 2022 | $0.001 | ReturnOfCapital |
| Mar 31, 2022 | $0.001 | OrdinaryDividend |
| Feb 28, 2022 | $0.001 | ReturnOfCapital |
| Feb 28, 2022 | $0.001 | OrdinaryDividend |
| Jan 31, 2022 | $0.001 | ReturnOfCapital |
| Jan 31, 2022 | $0.001 | OrdinaryDividend |
| Dec 31, 2021 | $0.004 | ReturnOfCapital |
| Dec 31, 2021 | $0.008 | OrdinaryDividend |
| Dec 31, 2021 | $0.002 | CapitalGainLongTerm |
| Dec 09, 2021 | $0.010 | ReturnOfCapital |
| Dec 09, 2021 | $0.028 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.004 | ReturnOfCapital |
| Nov 30, 2021 | $0.011 | OrdinaryDividend |
| Oct 29, 2021 | $0.004 | ReturnOfCapital |
| Oct 29, 2021 | $0.011 | OrdinaryDividend |
| Sep 30, 2021 | $0.004 | ReturnOfCapital |
| Sep 30, 2021 | $0.011 | OrdinaryDividend |
| Aug 31, 2021 | $0.004 | ReturnOfCapital |
| Aug 31, 2021 | $0.011 | OrdinaryDividend |
| Jul 30, 2021 | $0.004 | ReturnOfCapital |
| Jul 30, 2021 | $0.012 | OrdinaryDividend |
| Jul 15, 2021 | $0.010 | CapitalGainLongTerm |
| Jun 30, 2021 | $0.003 | ReturnOfCapital |
| Jun 30, 2021 | $0.010 | OrdinaryDividend |
| May 28, 2021 | $0.004 | ReturnOfCapital |
| May 28, 2021 | $0.011 | OrdinaryDividend |
| Apr 30, 2021 | $0.004 | ReturnOfCapital |
| Apr 30, 2021 | $0.011 | OrdinaryDividend |
| Mar 31, 2021 | $0.004 | ReturnOfCapital |
| Mar 31, 2021 | $0.012 | OrdinaryDividend |
| Feb 26, 2021 | $0.004 | ReturnOfCapital |
| Feb 26, 2021 | $0.012 | OrdinaryDividend |
| Feb 26, 2021 | $0.001 | CapitalGainShortTerm |
| Jan 29, 2021 | $0.008 | OrdinaryDividend |
| Jan 29, 2021 | $0.009 | CapitalGainShortTerm |
| Dec 31, 2020 | $0.016 | OrdinaryDividend |
| Dec 10, 2020 | $0.071 | OrdinaryDividend |
| Dec 10, 2020 | $0.220 | CapitalGainShortTerm |
| Dec 10, 2020 | $0.124 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.018 | OrdinaryDividend |
| Oct 30, 2020 | $0.018 | OrdinaryDividend |
| Sep 30, 2020 | $0.019 | OrdinaryDividend |
| Aug 31, 2020 | $0.019 | OrdinaryDividend |
| Jul 31, 2020 | $0.019 | OrdinaryDividend |
| Jun 30, 2020 | $0.020 | OrdinaryDividend |
| May 29, 2020 | $0.019 | OrdinaryDividend |
| Apr 30, 2020 | $0.020 | OrdinaryDividend |
| Mar 31, 2020 | $0.020 | OrdinaryDividend |
| Feb 28, 2020 | $0.023 | OrdinaryDividend |
| Jan 31, 2020 | $0.023 | OrdinaryDividend |
| Dec 31, 2019 | $0.021 | OrdinaryDividend |
| Dec 12, 2019 | $0.003 | OrdinaryDividend |
| Dec 12, 2019 | $0.089 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.026 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.022 | OrdinaryDividend |
| Oct 31, 2019 | $0.023 | OrdinaryDividend |
| Sep 30, 2019 | $0.024 | OrdinaryDividend |
| Aug 30, 2019 | $0.024 | OrdinaryDividend |
| Jul 31, 2019 | $0.024 | OrdinaryDividend |
| Dec 14, 2018 | $0.004 | CapitalGainShortTerm |
BCRAX - Fund Manager Analysis
Managers
Scott Radell
Start Date
Tenure
Tenure Rank
Feb 28, 2011
11.26
11.3%
Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.
Jeffrey Rosenberg
Start Date
Tenure
Tenure Rank
Mar 04, 2019
3.24
3.2%
Jeffrey Rosenberg, CFA. Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio since 2018, including setting the Fund’s overall investment strategy and overseeing the management of the Fund Managing Director of BlackRock, Inc. since 2011; Chief Fixed Income Strategist and member of the BlackRock Investment Institute since 2016; Chief Investment Strategist for Fundamental Fixed Income at BlackRock since 2011; Chief Credit Strategist at Bank of America Merrill Lynch from 2002 to 2011.
Jasmita Mohan
Start Date
Tenure
Tenure Rank
Mar 10, 2022
0.22
0.2%
Director of BlackRock, Inc. since 2019; Portfolio Manager within BlackRock’s Systematic Fixed Income Portfolio Management Group since 2014.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.78 | 1.16 |
