Fixed Income

DSU

Debt Strategies Fund

Overview

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Performance

Performance

Distributions

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  YTD 1m 3m 1y 3y 5y 10y
0.04 -0.77 - 6.35 23.79 64.59 82.17
Market Price Total Return (%) -0.21 -1.50 - 5.44 35.54 93.13 110.55
  2020 2021 2022 2023 2024
NAV Total Return (%) 2.57 6.67 -2.97 15.74 8.93
Market Price Total Return (%) 1.50 19.33 -15.51 30.14 11.28

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets
as of Apr 22, 2025
$553,341,869
Share Class launch date
Mar 27, 1998
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Loan Participation Funds
CUSIP
09255R202
Managed Assets
as of Apr 22, 2025
$667,341,868.79
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Apr 22, 2025
54,470,551
Morningstar Category
Bank Loan
Premium Discount
as of Apr 22, 2025
-1.97%
Number of Holdings
as of Mar 31, 2025
1,253

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
as of Apr 22, 2025
11.90%
Average Coupon
as of Mar 31, 2025
7.55%
Effective Duration
as of Mar 31, 2025
0.28 yrs
WAL to Maturity
as of Mar 31, 2025
5.98 yrs
% Leveraged
as of Mar 31, 2025
15.43%
Yield to Maturity
as of Mar 31, 2025
9.76%
Yield to Worst
as of Mar 31, 2025
9.71%
WAL to Worst
as of Mar 31, 2025
5.56 yrs
Leverage
as of Mar 31, 2025
$ 103,000,000.00

Fees

Fees

on net assets
Gross Expense Ratio 2.33%
Management Fee 0.68%
Interest Expense 1.53%
Other Expenses 0.11%
Acquired Fund Fees and Expenses 0.01%
on managed assets
Acquired Fund Fees and Expenses 0.01%
Interest Expenses 1.23%
Management Fee 0.55%
Other Expenses 0.08%
Gross Expense 1.87%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for Debt Strategies Fund, as of Jan 31, 2024 rated against 22 Bank Loan Funds based on risk adjusted total return.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
POWERSHARES SENIOR LOAN PORTFOLIO 2.93
CLOUD SOFTWARE GROUP INC 1.30
ALLIANT HOLDINGS INTERMEDIATE LLC 1.28
MEDLINE BORROWER LP 1.13
SPDR BLACKSTONE/GSO SENIOR LOAN 1.06
Name Weight (%)
HUB INTERNATIONAL LTD 1.01
TRANSDIGM INC 0.96
TK ELEVATOR US NEWCO INC 0.92
MADISON IAQ LLC 0.85
CLOVER HOLDINGS 2 LLC 0.84
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2025

% of Market Value

as of Mar 31, 2025

% of Market Value

as of Mar 31, 2025

% of Market Value

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as of Mar 31, 2025

% of Market Value

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as of Mar 31, 2025

% of Market Value

as of Mar 31, 2025

% of Market Value

as of Mar 31, 2025

% of Market Value

The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Mitchell S. Garfin, CFA
Co-Head of US Leveraged Finance

Mitchell S. Garfin, CFA, Managing Director, is Co-Head of US Leveraged Finance within BlackRock’s Fundamental Fixed Income Platform. He is responsible for managing the US High Yield and Global High Yield strategies and also has oversight responsibility for the platform’s US Leveraged loan strategies.

David Delbos
Co-Head of US Leveraged Finance

David Delbos, Managing Director, is Co-Head of US Leveraged Finance within BlackRock’s Fundamental Fixed Income Platform. He is responsible for managing US High Yield and Global High Yield strategies and also has oversight responsibility for the platform’s US Leveraged Loan strategies.

Carly Wilson
Head of BlackRock Bank Loans

Carly Wilson, Managing Director, serves as the Head of BlackRock's Bank Loans platform within BlackRock’s Fundamental Fixed Income group. Wilson also co-manages the Global Long/Short Credit Strategy.

Portfolio Manager

Literature

Literature

 

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