- ISIN
- US09260B4656
- CUSIP
- 09260B465
- Issuer
- BlackRock
- Inception Date
- Jul 17, 1992
- Category
- Short-Term Bond
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BFMSX Performance Chart
BlackRock Low Duration Bond Portfolio (BFMSX) is up 0.9% since the beginning of the year. BFMSX is currently trading at $9 per share. Investors who bought $1,000 worth of BFMSX shares 5 years ago would now be looking at an investment worth $1,108.
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Returns By Period
BlackRock Low Duration Bond Portfolio (BFMSX) has returned 0.92% so far this year and 4.52% over the past 12 months.
BlackRock Low Duration Bond Portfolio
- 1D
- 0.11%
- 1M
- 0.17%
- YTD
- 0.92%
- 6M
- 1.43%
- 1Y
- 4.52%
- 3Y*
- 5.06%
- 5Y*
- 2.07%
- 10Y*
- 2.30%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFMSX Monthly Returns History
Based on dividend-adjusted daily data since Jun 20, 1996, BFMSX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 77% of months were positive and 23% were negative. The best month was May 2009 with a return of +2.2%, while the worst month was Nov 2008 at -5.3%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BFMSX closed higher 27% of trading days. The best single day was Mar 26, 2020 with a return of +1.2%, while the worst single day was Nov 20, 2008 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49% | 0.35% | -0.70% | 0.60% | 0.17% | 0.00% | 0.92% | ||||||
| 2025 | 0.61% | 0.68% | 0.25% | 0.70% | 0.17% | 0.94% | 0.07% | 0.95% | 0.38% | 0.39% | 0.50% | 0.39% | 6.20% |
| 2024 | 0.59% | -0.21% | 0.11% | -0.27% | 0.87% | 0.60% | 1.28% | 0.94% | 0.89% | -0.61% | 0.38% | 0.27% | 4.94% |
| 2023 | 1.21% | -0.73% | 1.34% | 0.33% | -0.22% | -0.65% | 0.58% | 0.46% | -0.21% | -0.23% | 1.61% | 1.38% | 4.96% |
| 2022 | -0.94% | -0.84% | -1.34% | -0.81% | 0.38% | -1.52% | 0.77% | -0.55% | -1.63% | -0.43% | 1.18% | 0.29% | -5.34% |
| 2021 | 0.12% | 0.10% | 0.00% | 0.21% | 0.10% | -0.10% | -0.09% | 0.21% | -0.11% | -0.51% | -0.31% | 0.06% | -0.33% |
Benchmark Metrics
BlackRock Low Duration Bond Portfolio has an annualized alpha of 3.68%, beta of 0.05, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 21, 1996.
- This fund captured 13.32% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.75%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.05 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.68%
- Beta
- 0.05
- R²
- 0.06
- Upside Capture
- 13.32%
- Downside Capture
- -0.75%
Expense Ratio
BFMSX has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BFMSX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Low Duration Bond Portfolio (BFMSX) and compare them to S&P 500 Index.
| BFMSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | — | — |
| Martin ratioReturn relative to average drawdown | 13.58 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
BlackRock Low Duration Bond Portfolio provided a 4.66% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.38 | $0.30 | $0.24 | $0.12 | $0.20 | $0.25 | $0.24 | $0.21 | $0.17 | $0.18 |
Dividend yield | 4.66% | 4.56% | 4.14% | 3.34% | 2.67% | 1.23% | 2.04% | 2.63% | 2.51% | 2.17% | 1.76% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Low Duration Bond Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.17 | ||||||
| 2025 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2024 | $0.03 | $0.03 | $0.00 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.09 | $0.24 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.02 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Low Duration Bond Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Low Duration Bond Portfolio was 12.70%, occurring on Nov 20, 2008. Recovery took 236 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -12.70%Nov 2008 | 8mo 21d | 11mo 13d | 1y 7moMar 2008 - Oct 2009 |
Bear market2022 | -7.96%Oct 2022 | 1y 1mo | 1y 8mo | 2y 9moSep 2021 - Jun 2024 |
COVID crash2020 | -7.39%Mar 2020 | 19d | 3mo 14d | 4mo 3dMar 2020 - Jul 2020 |
2013 pullback2013 | -1.93%Jun 2013 | 1mo 15d | 6mo 10d | 7mo 25dMay 2013 - Dec 2013 |
Dot-com crash2000–2002 | -1.58%Nov 2001 | 18d | 3mo 4d | 3mo 22dNov 2001 - Feb 2002 |
Drawdown Indicators
| BFMSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.70% | -9.10% | -3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -7.96% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -1.13% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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