Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
BlackRock Global Long/Short Credit Inv C BGCCX
- NAV / 1-Day Return 9.07 / 0.00
- Total Assets 1.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 2.460%
- Distribution Fee Level Above Average
- Share Class Type Level Load
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 1.84%
- Effective Duration 1.01 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0
Morningstar’s Analysis BGCCX
Will BGCCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 12.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
EUR/USD Purchased | 31.66 | 333.9 Mil | Derivative |
Cash Offset | 18.07 | 190.6 Mil | — |
BlackRock Liquidity T-Fund Instl | 7.85 | 82.7 Mil | Cash and Equivalents |
GBP/USD Purchased | 5.54 | 58.5 Mil | Derivative |
British Airways Pass Through Trust Prvt | 2.13 | 22.4 Mil | Corporate |
CASH COLLATERAL USD MLISW | 2.06 | 21.7 Mil | Cash and Equivalents |
EUR/USD Purchased | 2.05 | 21.7 Mil | Derivative |
Callon Petroleum Company | 1.93 | 20.3 Mil | Corporate |
SCDS: (VZ) | 1.43 | 15.1 Mil | Derivative |
Lions Gate Capital Holdings LLC | 1.29 | 13.6 Mil | Corporate |