BlackRock Strategic Global Bond Fund (MAWIX)

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BlackRock Strategic Global Bond Fund (MAWIX) is up 1.0% since the beginning of the year. MAWIX is currently trading at $5 per share. Investors who bought $1,000 worth of MAWIX shares 5 years ago would now be looking at an investment worth $990.

BlackRock Strategic Global Bond Fund (MAWIX) has returned 1.04% so far this year and 4.71% over the past 12 months. Over the last ten years, MAWIX has returned 1.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 31, 1996, MAWIX's average daily return is +0.01%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2003 with a return of +7.4%, while the worst month was Aug 1998 at -23.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MAWIX closed higher 39% of trading days. The best single day was Aug 13, 1998 with a return of +2.2%, while the worst single day was Aug 27, 1998 at -4.4%.

BlackRock Strategic Global Bond Fund has an annualized alpha of 3.38%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 31, 1996.

• This fund participated in 24.48% of S&P 500 Index downside but only 24.20% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.04 may look defensive, but with R2 of 0.02 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 0.02 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.

MAWIX has an expense ratio of 0.57%, placing it in the medium range.

MAWIX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

BlackRock Strategic Global Bond Fund provided a 4.62% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 4 consecutive years.

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

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.

The table below displays the maximum drawdowns of the BlackRock Strategic Global 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 Strategic Global Bond Fund was 32.07%, occurring on Sep 11, 1998. Recovery took 1170 trading sessions.

The current BlackRock Strategic Global Bond Fund drawdown is 2.15%.

The chart below shows the rolling one-month volatility.