An experienced team that exhibits detailed credit trading knowledge provides the foundation for BlackRock Global Long/Short Credit. Yet the sheer breadth of its investable universe coupled with a dynamic approach to capital allocation has led to mixed success with tactical-allocation calls and makes it hard to identify its edge. It earns a Morningstar Analyst Rating of Neutral.
BlackRock Global Long/Short Credit Instl BGCIX
NAV / 1-Day Return
9.22
/
0.00
Total Assets
1.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.110%
Expense Ratio
1.470%
Fee Level
Above Average
Longest Manager Tenure
10.75
years
Category
Nontraditional Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
2,000,000
Status
Open
TTM Yield
3.75%
Effective Duration
—
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will BGCIX 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 BGCIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BGCIX 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 BGCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A fluid operation utilizing a deep set of resources makes it hard to isolate a clear edge.
