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Morningstar

BlackRock Global Long/Short Credit Inv C BGCCX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.08  /  +0.11 %
  • Total Assets 871.8 Mil
  • Adj. Expense Ratio
    2.160%
  • 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 1.83%
  • Effective Duration 1.01 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:09 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.

  • Process Pillar

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

  • People Pillar

    The People Pillar is our evaluation of the BGCCX 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 BGCCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Decreased confidence in BlackRock Global Long/ Short Credit Inv C's prospects relative to its Morningstar Category peers leads to a downgrade in this strategy's Morningstar Medalist Rating to Neutral from Bronze.

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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BGCCX

More BGCCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD Purchased

29.99 306.6 Mil
Derivative

Cash Offset

13.94 142.5 Mil
—

BlackRock Liquidity T-Fund Instl

10.10 103.3 Mil
Cash and Equivalents

GBP/USD Purchased

4.95 50.6 Mil
Derivative

CASH COLLATERAL USD MLISW

2.13 21.7 Mil
Cash and Equivalents

British Airways Pass Through Trust Prvt

2.06 21.1 Mil
Corporate

Callon Petroleum Company

2.01 20.5 Mil
Corporate

SCDS: (VZ)

1.47 15.0 Mil
Derivative

Lions Gate Capital Holdings LLC

1.35 13.8 Mil
Corporate

Spirit AeroSystems Inc

1.25 12.8 Mil
Corporate