Morningstar

BlackRock Global Long/Short Credit Inv A BGCAX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.54  /  +0.21 %
  • Total Assets 849.9 Mil
  • Adj. Expense Ratio
    1.410%
  • Expense Ratio 1.710%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.89%
  • Effective Duration 1.19 years

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 11:12 PM GMT+0

Morningstar’s Analysis BGCAX

Will BGCAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BGCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BGCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BGCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

BlackRock Global Long/ Short Credit Inv A boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BGCAX

More BGCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD Purchased

32.05 287.0 Mil
Derivative

BlackRock Liquidity T-Fund Instl

10.57 94.7 Mil
Cash and Equivalents

Cash Offset

5.49 49.2 Mil
—

CASH COLLATERAL USD MLISW

2.43 21.7 Mil
Cash and Equivalents

British Airways Pass Through Trust Prvt

2.30 20.6 Mil
Corporate

GBP/USD Purchased

2.14 19.2 Mil
Derivative

Lions Gate Capital Holdings 1 Inc.

1.80 16.1 Mil
Corporate

Sep24 Fvu4 C @ 108.5

1.74 15.6 Mil
—

GBP/USD Purchased

1.45 13.0 Mil
Derivative

Frontier Communications Holdings Llc

1.35 12.1 Mil
Corporate

Sponsor Center