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BlackRock Short Obligations Fund (BBSOX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

The investment seeks current income consistent with preservation of capital. The fund will invest in U.S. dollar-denominated investment grade and short-term fixed and floating rate debt securities maturing in three years or less (with certain exceptions) and will maintain a dollar-weighted average maturity of 180 days or less and a dollar-weighted average life of 365 days or less. It invests a significant portion of its assets in securities issued by financial services companies, including banks, broker-dealers and insurance companies, and repurchase agreements secured by such obligations.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in BlackRock Short Obligations Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,194 for a total return of roughly 11.94%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
1.78%
7.42%
BBSOX (BlackRock Short Obligations Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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BlackRock Short Obligations Fund

Return

BlackRock Short Obligations Fund had a return of 0.71% year-to-date (YTD) and 2.07% in the last 12 months. Over the past 10 years, BlackRock Short Obligations Fund had an annualized return of 1.13%, while the S&P 500 had an annualized return of 9.86%, indicating that BlackRock Short Obligations Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.20%-3.13%
Year-To-Date0.71%2.92%
6 months1.85%2.02%
1 year2.07%-11.46%
5 years (annualized)1.58%7.79%
10 years (annualized)1.13%9.86%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.51%0.20%
2022-0.02%0.12%0.45%0.49%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current BlackRock Short Obligations Fund Sharpe ratio is 1.99. A Sharpe ratio greater than 1.0 is considered acceptable.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.001.502.002.50NovemberDecember2023FebruaryMarch
1.99
-0.45
BBSOX (BlackRock Short Obligations Fund)
Benchmark (^GSPC)

Dividend History

BlackRock Short Obligations Fund granted a 2.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.


PeriodTTM202220212020201920182017201620152014
Dividend$0.21$0.15$0.04$0.12$0.26$0.22$0.13$0.10$0.06$0.01

Dividend yield

2.13%1.50%0.36%1.17%2.64%2.38%1.39%1.15%0.69%0.16%

Monthly Dividends

The table displays the monthly dividend distributions for BlackRock Short Obligations Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.03$0.03
2022$0.00$0.00$0.00$0.00$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.03
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.02$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.00
2019$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02
2018$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.02
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2015$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2014$0.01$0.00$0.01

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2023FebruaryMarch
-0.20%
-17.62%
BBSOX (BlackRock Short Obligations Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the BlackRock Short Obligations Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the BlackRock Short Obligations Fund is 1.59%, recorded on Mar 23, 2020. It took 32 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-1.59%Mar 6, 202012Mar 23, 202032May 7, 202044
-1.01%Oct 4, 2021176Jun 14, 2022117Nov 30, 2022293
-0.3%Mar 14, 20233Mar 16, 2023
-0.3%Feb 27, 20231Feb 27, 20231Feb 28, 20232
-0.2%Feb 3, 20238Feb 14, 20237Feb 24, 202315
-0.2%Feb 6, 201815Feb 27, 20182Mar 1, 201817
-0.1%Feb 1, 20191Feb 1, 20191Feb 4, 20192
-0.1%Oct 3, 20181Oct 3, 201820Oct 31, 201821
-0.1%Aug 27, 20151Aug 27, 20156Sep 4, 20157
-0.1%Aug 13, 20151Aug 13, 20154Aug 19, 20155

Volatility Chart

Current BlackRock Short Obligations Fund volatility is 1.59%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
1.59%
20.82%
BBSOX (BlackRock Short Obligations Fund)
Benchmark (^GSPC)