BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX)
The investment seeks to provide a combination of income and capital growth. The fund seeks to provide a combination of income and capital growth by investing in a portfolio of debt securities, using model-based asset allocation and security selection models. To determine the fund's investable universe, BlackRock will, utilizing BlackRock's environmental, social, and governance (ESG) research, first seek to screen out certain issuers based on ESG criteria determined by BlackRock. The fund invests, under normal circumstances, at least 80% of its assets in bonds.
Fund Info
| ISIN | US09260C8771 |
|---|---|
| CUSIP | 09260C877 |
| Issuer | Blackrock |
| Inception Date | Aug 23, 2016 |
| Category | Intermediate Core Bond |
| Min. Investment | $2,000,000 |
| Asset Class | Bond |
Expense Ratio
BIIIX features an expense ratio of 0.29%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BIIIX vs. PBDIX, BIIIX vs. VIGIX, BIIIX vs. SPY, BIIIX vs. SCHD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Sustainable Advantage CoreAlpha Bond 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 25.70% |
| 1 month | N/A | 3.51% |
| 6 months | N/A | 14.80% |
| 1 year | N/A | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of BIIIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.36% | -1.29% | 0.47% | -1.65% | 1.57% | 0.86% | 2.39% | 2.18% | |||||
| 2023 | 3.29% | -2.59% | 2.37% | 0.61% | -1.21% | -0.30% | -0.06% | -0.75% | -2.53% | -1.73% | 4.92% | 4.03% | 5.84% |
| 2022 | -2.04% | -1.58% | -2.73% | -4.18% | 0.38% | -1.70% | 2.53% | -2.77% | -4.43% | -1.32% | 3.72% | -0.47% | -13.96% |
| 2021 | -0.71% | -1.57% | -1.21% | 0.83% | 0.14% | 0.82% | 1.02% | -0.15% | -0.82% | -0.64% | 0.24% | -0.26% | -2.32% |
| 2020 | 1.89% | 1.65% | -0.15% | 2.26% | 0.39% | 0.79% | 1.71% | -0.81% | -0.13% | -0.51% | 1.18% | 0.27% | 8.81% |
| 2019 | 1.62% | 0.13% | 1.99% | -0.10% | 1.87% | 1.33% | 0.10% | 2.61% | -0.49% | 0.30% | -0.20% | -0.09% | 9.41% |
| 2018 | -1.25% | -0.95% | 0.41% | -0.41% | 0.87% | -0.08% | 0.01% | 0.75% | -0.74% | -0.95% | 0.45% | 1.58% | -0.34% |
| 2017 | 0.27% | 0.81% | -0.03% | 0.81% | 0.79% | -0.22% | 0.59% | 0.69% | -0.32% | -0.02% | -0.33% | 0.19% | 3.26% |
| 2016 | -0.29% | 0.13% | -0.55% | -2.37% | 0.05% | -3.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIIIX is 15, indicating that it is in the bottom 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Sustainable Advantage CoreAlpha Bond Fund provided a 3.31% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.32 | $0.19 | $0.22 | $0.30 | $0.28 | $0.26 | $0.21 | $0.06 |
Dividend yield | 3.31% | 3.62% | 2.21% | 2.20% | 2.82% | 2.79% | 2.78% | 2.18% | 0.61% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Sustainable Advantage CoreAlpha Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.21 | ||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.32 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.22 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.14 | $0.30 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2016 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.06 |
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 Sustainable Advantage CoreAlpha Bond 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 Sustainable Advantage CoreAlpha Bond Fund was 19.99%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.99% | Aug 5, 2020 | 560 | Oct 24, 2022 | — | — | — |
| -6.75% | Mar 10, 2020 | 8 | Mar 19, 2020 | 58 | Jun 11, 2020 | 66 |
| -4.07% | Aug 24, 2016 | 81 | Dec 16, 2016 | 155 | Aug 1, 2017 | 236 |
| -3.69% | Sep 11, 2017 | 157 | Apr 25, 2018 | 193 | Jan 31, 2019 | 350 |
| -2.15% | Sep 5, 2019 | 7 | Sep 13, 2019 | 15 | Oct 4, 2019 | 22 |
Volatility
Volatility Chart
The current BlackRock Sustainable Advantage CoreAlpha Bond Fund volatility is 1.74%, 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.