Fund Research for BlackRock Low Duration Bd Instl (BFMSX)

  • Fund Overview

    Fund Inception Date: Jul 17, 1992
    Category: Short-Term Bond
    Overall Risk: Above Average
    Fund Family: BlackRock
    Return Since Inception: 4.61%
    YTD Return: 13.98%
    Yield (TTM): 3.96%
    Net Assets: 272.56 M
    Morningstar Rating:
    2 of 5
    The investment seeks to realize a rate of return that exceeds the total return of the Merrill Lynch 1-3 Year Treasury index. The fund invests primarily in investment grade bonds and maintains an average portfolio duration that is within 20% of the duration of the benchmark. It may also invest up to 5% of assets in non-investment grade bonds or convertible securities with a minimum rating of B and up to 10% of assets in non-dollar denominated bonds of issuers located outside of the United States.

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    Details
    Average Eff Duration 2.23 Yrs
    Average Eff Maturity —
    Average Credit Quality AAA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/27/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 13.98% 15.28% 3.22% 3.03% 3.97% 4.61%
    +/- Category 4.09% 3.79% -0.61% -0.40% -0.24% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 13.21% 8.40% 3.13% 2.85% 3.97% 4.61%
    Quarter (as of 09/30/2009) 12.03% 5.20% 2.87% 2.71% 3.89% 4.57%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/27/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/27/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 07/17/1992
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 13.67%
    Mortgage 23.11%
    Credit 29.74%
    Foreign 11.45%
    Cash 28.72%
    Bond Quality
    AAA 72.70%
    AA 11.60%
    A 11.10%
    BBB 4.60%
    BB 0.00%
    B 0.00%
    Below B 0.00%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash 10.31% 28.72% 18.41%
    Stocks 0.00% 0.00% 0.00%
    Bonds 24.19% 103.75% 79.56%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.00% 0.00%
    Data as of 06/30/2009 Data as of 06/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    * 90 Day Sterling (Fut) 03/16/2011 653.00 129.54 M 9.77%
    = Sep Eurdollar (Fut) 09/14/2009 430.00 106.78 M 8.06%
    = US TREASURY NOTE 08/31/2010 100 M 102.07 M 7.70%
    * Rev Repo 07/17/2009 77.9 M -77.9 M 5.88%
    * US Treasury Note 10/05/2009 298.00 64.43 M 4.86%
    - US Treasury Note 11/15/2011 28.96 M 29.27 M 2.21%
    * US Treasury Note 09/30/2009 200.00 -22.94 M 1.73%
    + Blackrock Liquidity Funds — 21.18 M 21.18 M 1.60%
    * No Name Provided 08/11/2009 19.41 M -19.41 M 1.46%
    = Ford Cr Auto Owner Tr 2009-A FRN 05/15/2013 18.62 M 19.01 M 1.43%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 06/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 01/28/2009
    Expense Ratio (based on net assets) 0.45%
    Taken from annual report dated 09/30/2008

  • Fund Management