Source: BlackRock as of 02/28/2025 unless otherwise noted. Effective March 3, 2025, the CREDX Board approved a decrease to the fixed daily distribution rate per share on Institutional Shares to an 8.50% annualized yield based on a $8.59 NAV, the average daily NAV over the 3-month period ended December 31, 2024 (with an adjustment for other share classes based on share class expenses).
An alternative approach invested across the credit spectrum may help manage the effects of asset class volatility, while potentially enhancing overall yield and returns versus traditional fixed income funds. CREDX investments generally fall into three strategies that work together to potentially optimize income and return.