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BlackRock Low Duration Bond Instl (BFMSX)

8.95 0.00 (0.00%)
At close: 8:07:03 PM EST

Fund Summary

The fund invests primarily in investment grade bonds and maintains an average portfolio duration that is between 0 and 3 years. It normally invests at least 80% of its assets in debt securities. The fund may invest up to 35% of its assets in non-investment grade bonds (commonly called "high yield" or "junk bonds"). It may also invest up to 35% 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.

BlackRock Low Duration Bond Instl

100 BELLEVUE PARKWAY

Fund Overview

Category Short-Term Bond
Fund Family BlackRock
Net Assets 3.78B
YTD Return 0.71%
Yield 4.73%
Morningstar Rating
Inception Date Jan 12, 1996

Fund Operations

Last Dividend 0.32
Last Cap Gain -11.00
Holdings Turnover 182.00%
Average for Category --

Fees & Expenses

Expense BFMSX Category Average
Annual Report Expense Ratio (net)
0.40% 0.68%
Prospectus Net Expense Ratio
0.40% --
Prospectus Gross Expense Ratio
0.46% --
Max 12b1 Fee
-- --
Max Front End Sales Load
-- 2.59%
Max Deferred Sales Load
-- 1.12%
3 Yr Expense Projection
0 --
5 Yr Expense Projection
0 --
10 Yr Expense Projection
0 --

Management Information

Amanda Liu, CFA, Director, is a senior portfolio manager specializing in Short Duration and Intermediate Duration multi-sector mandates, additionally serving as co-head of the Customized Core SMA business. She excels in risk budgeting, asset allocation, and providing customized portfolio construction and optimization for separate accounts. Ms. Liu is a named Portfolio Manager on the BlackRock Low Duration Bond Fund, iShares Short Duration Bond Active ETF, and BGF US Dollar Short Duration Bond Fund. Prior to assuming her current responsibilities in 2015, Ms. Liu was a key member of the Portfolio Analytics Group, where she led the rollout of Aladdin risk models and analytical tools to clients, significantly enhancing their risk management capabilities. Prior to joining BlackRock in 2010, Ms. Liu was an investment accountant at Principal Financial Group. Ms. Liu earned a Master in Accountancy at Iowa State University in 2008. She earned a BA degree from Peking University, China.

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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