Fixed Income

BDVIX

Diversified Fixed Income Fund

  • NAV as of May 09, 2025 $9.95
    52 WK: 9.81 - 10.56
  • 1 Day NAV Change as of May 09, 2025 0.01 (0.10%)
  • NAV Total Return as of May 09, 2025 YTD: 1.87%

Overview

Loading

Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 2.36 -0.08 2.36 4.75 - - - 6.10
Benchmark (%) 2.78 0.04 2.78 4.88 - - - 5.99
  2020 2021 2022 2023 2024
Total Return (%) - - - - 1.73
Benchmark (%) - - - - 1.25

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, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of May 09, 2025
$1,130.4 M
Share Class launch date
Aug 21, 2023
Benchmark Index
BBG U.S. Aggregate Index (USD)
Morningstar Category
-
CUSIP
09260W568
Open to New Investors
No
Size of Class (Millions)
as of May 09, 2025
$678.8 M
Asset Class
Fixed Income
Distribution Frequency
Daily
Lipper Classification
General Bond Funds
Max Offer Price
as of May 09, 2025
$9.95
Turnover Percent in the Annual Report
as of Oct 31, 2024
506%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 30, 2025
2,868
Alpha (3y)
as of -
-
R-Squared (3y)
as of -
-
Beta (3y)
as of -
-
Unsubsidized 30-Day SEC Yield
as of Apr 30, 2025
4.69%
Effective Duration
as of Apr 30, 2025
5.97 yrs
30 Day SEC Yield
as of Apr 30, 2025
4.91%
Yield to Maturity
as of Apr 30, 2025
5.16%
Fund Standard Deviation (3y)
as of -
-
Average Coupon
as of Apr 30, 2025
4.39%
Yield to Worst
as of Apr 30, 2025
5.11%
Nominal WAL
as of Apr 30, 2025
7.28 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.48%
Net Expense Ratio 0.26%

Net Expense Ratio excluding Investment Related Expenses is 0.24%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.00%

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Mar 31, 2025)
Analyst-Driven % as of Mar 31, 2025
55.00
Data Coverage % as of Mar 31, 2025
88.00

Holdings

Holdings

as of Apr 30, 2025
Name Weight (%)
UMBS 30YR TBA(REG A) 13.03
GNMA2 30YR TBA(REG C) 3.64
FHLMC 30YR UMBS SUPER 2.96
FNMA 30YR UMBS 2.78
TREASURY NOTE 4.875 10/31/2030 2.59
Name Weight (%)
FNMA 30YR UMBS SUPER 1.83
TREASURY NOTE 4 02/29/2028 1.61
TREASURY NOTE 2.875 08/15/2028 1.19
UMBS 15YR TBA(REG B) 1.08
FHLMC 30YR UMBS 0.63
Detailed Holdings and Analytics
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 Jul 31, 2024

% of Market Value

Show More
as of Jul 31, 2024

% of Market Value

Show More
as of Jul 31, 2024

% of Market Value

Show More
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

Philip Green
Philip Green
Head of Global Tactical Asset Allocation Team, Multi-Asset Strategies and Solutions

  

Read More

Phil Green, Managing Director, is the head of the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Phil’s service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM, Phil was a portfolio manager at Bankers Trust Company.

Phil earned an MBA from the Stern School of Business of New York University and a BS in economics from the Wharton School of the University of Pennsylvania.

 

Phil is the author of many articles on investing, some of which have been published in the Financial Analysts Journal, Journal of Foreign Exchange & Money Markets, and the Journal of Investing.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Tom Becker
Tom Becker
Portfolio Manager, Global Tactical Asset Allocation Team

    

Read More

Tom Becker, Managing Director, is a portfolio manager on the Global Tactical Asset Allocation (GTAA) team within BlackRock's Multi-Asset Strategies & Solutions group. The GTAA team manages multi-asset macro investment strategies, including the Tactical Opportunities Fund, for retail and institutional clients around the world.

 

Tom’s service with the firm dates back to 2010. Prior to assuming his current role, he led fixed income research within the multi-asset Global Market Strategies Group. In 2009 he served as an economist in the Office of International Affairs at the US Department of Treasury.

 

Tom earned a BS degree in economics from the Massachusetts Institute of Technology (MIT) in 2003 and an MA and PhD in international and environmental economics from the University of California, Berkeley in 2008 and 2010, respectively.

 

Tom is co-head of the BlackRock San Francisco office and serves on the Board of Directors of the San Francisco Chamber of Commerce. Outside of work, he enjoys exploring California with his wife and three daughters.

 

Multi-Asset Strategies and Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Michael Pensky, CFA
Michael Pensky, CFA
Portfolio Manager, Global Tactical Asset Allocation Team

   

Read More

Michael Pensky, CFA, Managing Director, is a portfolio manager on the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Michael’s service with the firm dates back to 2012. Prior to joining BlackRock, he was a trading desk strategist in Morgan Stanley's Securitized Products Group and worked as a senior analyst in Foreign Exchange Sales & Trading at SunTrust Robinson Humphrey.

 

Michael earned BS degrees in mathematics and finance from the University of Florida and an MFE degree in financial engineering from the University of California, Berkeley.

 

Michael’s interests include top-down macro investing and multi-asset portfolio design & management. Outside of work, he enjoys playing musical instruments and running.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Dan Felder
Dan Felder
Global Tactical Asset Allocation Team

   

Read More

Dan Felder, Director, is a portfolio manager in BlackRock's Multi-Asset Strategies & Solutions (MASS) group where he focuses on investment research for the Global Tactical Asset Allocation (GTAA) team. His responsibilities encompass asset allocation, manager selection, and portfolio construction. The team manages client portfolios with custom objectives where investment views are expressed through benchmark relative, total return, and absolute return products.

Prior to joining the team in 2015, Mr. Felder was an analyst within BlackRock Solution's Portfolio Analytics Group, where he focused on Aladdin implementations and led strategic initiatives to improve BlackRock's analytical capabilities.

Mr. Felder earned an MBA from the New York University Stern School of Business in 2018 and a BS in computer engineering from Brown University in 2011.

Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio
Learn More Learn More

Discuss with your financial planner today

Share this fund with your financial planner to find out how it can fit in your portfolio.

Buy through your brokerage

BlackRock funds are also available through certain brokerage accounts. Visit your brokerage today to see how you can get started.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2020 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

USR-9694