BlackRock Global Long/Short Credit Fund (BGCIX)
The fund invests at least 80% of its total assets in credit-related instruments. It may invest up to 20% of its total assets in equity instruments, including common stock, depositary receipts, rights, warrants and other instruments whose price is linked to the value of common stock. The fund may invest in credit-related instruments rated below investment grade or deemed equivalent by fund management, which are commonly referred to as "junk bonds."
Fund Info
US09260C6049
09260C604
Sep 29, 2011
$2,000,000
Expense Ratio
BGCIX has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Global Long/Short Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Global Long/Short Credit Fund had a return of 1.67% year-to-date (YTD) and 8.93% in the last 12 months. Over the past 10 years, BlackRock Global Long/Short Credit Fund had an annualized return of 3.43%, while the S&P 500 had an annualized return of 11.26%, indicating that BlackRock Global Long/Short Credit Fund did not perform as well as the benchmark.
BGCIX
1.67%
1.22%
4.18%
8.93%
4.63%
3.43%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of BGCIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.11% | 1.67% | |||||||||||
| 2024 | 1.01% | 0.33% | 0.78% | 0.00% | 1.32% | 0.54% | 0.97% | 0.96% | 1.06% | 0.11% | 0.63% | 0.34% | 8.35% |
| 2023 | 1.90% | 0.35% | -0.81% | 1.64% | 0.12% | 0.46% | 0.69% | 0.45% | 0.45% | -0.34% | 1.81% | 1.98% | 8.99% |
| 2022 | -0.91% | -1.12% | -0.21% | -1.03% | -1.56% | -3.17% | 1.20% | 0.22% | -2.37% | -0.22% | 0.66% | 0.27% | -8.02% |
| 2021 | 0.81% | 1.20% | 0.00% | 0.69% | 0.39% | 0.49% | -0.39% | 0.29% | 0.00% | -0.39% | -0.29% | 0.65% | 3.49% |
| 2020 | 0.50% | -0.30% | -7.34% | 1.73% | 1.71% | 7.61% | 1.45% | 0.51% | -0.31% | 0.31% | 2.95% | 2.01% | 10.71% |
| 2019 | 1.36% | 0.72% | 0.51% | 1.02% | -0.30% | 0.81% | 0.60% | 0.50% | 0.49% | 0.10% | 0.49% | 0.91% | 7.43% |
| 2018 | 0.87% | 0.00% | -0.38% | 0.29% | -0.58% | -0.39% | 0.29% | 0.29% | 0.19% | -0.48% | -1.06% | -0.82% | -1.78% |
| 2017 | 0.89% | 0.29% | -0.10% | 0.29% | 0.39% | 0.00% | 0.58% | 0.00% | 0.48% | 0.58% | -0.19% | 0.20% | 3.47% |
| 2016 | -0.51% | -0.82% | 0.62% | 0.82% | 0.41% | -0.10% | 1.02% | 0.61% | 0.10% | 0.80% | -0.10% | 0.70% | 3.58% |
| 2015 | 0.48% | 1.25% | 0.00% | 0.38% | -0.00% | -0.94% | 0.10% | -0.38% | -1.34% | 0.77% | -0.19% | -1.09% | -0.99% |
| 2014 | 0.04% | 1.16% | -0.05% | 0.50% | 0.31% | 0.50% | -0.36% | 0.09% | -0.73% | 0.00% | 0.00% | -4.69% | -3.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, BGCIX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Global Long/Short Credit Fund (BGCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Global Long/Short Credit Fund provided a 7.01% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.64 | $0.30 | $0.70 | $0.36 | $0.98 | $0.37 | $0.58 | $0.12 | $0.00 | $0.50 | $0.09 |
Dividend yield | 7.01% | 7.13% | 3.33% | 8.24% | 3.58% | 9.87% | 3.75% | 6.01% | 1.17% | 0.00% | 5.12% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Global Long/Short Credit Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.64 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.98 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2014 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Global Long/Short Credit Fund. 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 Global Long/Short Credit Fund was 10.37%, occurring on Mar 24, 2020. Recovery took 58 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.37% | Feb 24, 2020 | 22 | Mar 24, 2020 | 58 | Jun 16, 2020 | 80 |
| -9.77% | Sep 24, 2021 | 273 | Oct 24, 2022 | 305 | Jan 11, 2024 | 578 |
| -8.09% | Jul 8, 2014 | 412 | Feb 24, 2016 | 420 | Oct 23, 2017 | 832 |
| -2.91% | Apr 23, 2018 | 172 | Dec 26, 2018 | 68 | Apr 4, 2019 | 240 |
| -1.74% | May 23, 2013 | 23 | Jun 25, 2013 | 82 | Oct 21, 2013 | 105 |
Volatility
Volatility Chart
The current BlackRock Global Long/Short Credit Fund volatility is 0.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.