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Morningstar

BlackRock Low Duration Bond Inv A1 CMGAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.95  /  0.01 %
  • Total Assets 6.2 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.510%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Limited
  • TTM Yield 2.27%
  • Effective Duration 0.02 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis CMGAX

Will CMGAX 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 CMGAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

A reinforced management team and deep resources maintain this strategy's appeal.‎

Strategist

Summary

| by Eric Jacobson

BlackRock Low Duration’s vast analytical resources and late 2020 management reinforcements offer ‎enough promise to earn a Morningstar Analyst Rating of Silver for its cheapest share class, while its ‎more-expensive ones are rated Bronze and Neutral.‎

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