BlackRock Global Long/Short Credit benefits from a seasoned team that utilizes the firm’s deep credit resources, but a portfolio construction process that lacks definition and the team’s mixed success with tactical-allocation calls dampen our confidence in its ability to outperform. It earns a Morningstar Analyst Rating of Neutral for the cheaper share classes, while its most-expensive share class is rated Negative.
Will BDMKX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BDMKX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the BDMKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of BDMKX’s parent organization’s priorities and whether they’re in line with investors’ interests.