PortfoliosLab logo

BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX)

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

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.

Share Price Chart


Loading data...

Performance

The chart shows the growth of $10,000 invested in BlackRock Sustainable Advantage CoreAlpha Bond Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $10,199 for a total return of roughly 1.99%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
3.20%
7.43%
BIIIX (BlackRock Sustainable Advantage CoreAlpha Bond Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with BIIIX

Return

BlackRock Sustainable Advantage CoreAlpha Bond Fund had a return of 2.15% year-to-date (YTD) and -6.74% in the last 12 months. Over the past 10 years, BlackRock Sustainable Advantage CoreAlpha Bond Fund had an annualized return of 0.30%, while the S&P 500 had an annualized return of 9.44%, indicating that BlackRock Sustainable Advantage CoreAlpha Bond Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month1.07%-3.13%
Year-To-Date2.15%2.92%
6 months1.51%2.02%
1 year-6.74%-11.46%
5 years (annualized)0.88%7.79%
10 years (annualized)0.30%9.44%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.29%-2.59%
2022-4.43%-1.32%3.72%-0.47%

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 Sustainable Advantage CoreAlpha Bond Fund Sharpe ratio is -0.78. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.50-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.78
-0.45
BIIIX (BlackRock Sustainable Advantage CoreAlpha Bond Fund)
Benchmark (^GSPC)

Dividend History

BlackRock Sustainable Advantage CoreAlpha Bond Fund granted a 2.82% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.


PeriodTTM2022202120202019201820172016
Dividend$0.25$0.19$0.22$0.30$0.28$0.26$0.21$0.06

Dividend yield

2.82%2.22%2.26%2.96%3.01%3.08%2.48%0.71%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.02$0.02
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
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
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
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
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
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
2016$0.00$0.01$0.02$0.02$0.02

Drawdowns Chart

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


-26.00%-24.00%-22.00%-20.00%-18.00%-16.00%-14.00%-12.00%NovemberDecember2023FebruaryMarch
-14.32%
-17.62%
BIIIX (BlackRock Sustainable Advantage CoreAlpha Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the BlackRock Sustainable Advantage CoreAlpha Bond 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 Sustainable Advantage CoreAlpha Bond Fund is 19.99%, recorded on Oct 24, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.99%Aug 7, 2020558Oct 24, 2022
-6.75%Mar 10, 20208Mar 19, 202058Jun 11, 202066
-4.07%Aug 24, 201681Dec 16, 2016155Aug 1, 2017236
-3.69%Sep 11, 2017157Apr 25, 2018193Jan 31, 2019350
-2.15%Sep 5, 20197Sep 13, 201915Oct 4, 201922
-1.66%Oct 7, 201925Nov 8, 201949Jan 22, 202074
-0.9%Jul 5, 20195Jul 11, 201915Aug 1, 201920
-0.82%Apr 1, 201915Apr 22, 201910May 6, 201925
-0.59%Feb 4, 20202Feb 5, 202010Feb 20, 202012
-0.42%Feb 11, 20193Feb 13, 201914Mar 6, 201917

Volatility Chart

Current BlackRock Sustainable Advantage CoreAlpha Bond Fund volatility is 10.48%. 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
10.48%
20.82%
BIIIX (BlackRock Sustainable Advantage CoreAlpha Bond Fund)
Benchmark (^GSPC)