BlackRock Emerging Markets Flexible Dynamic Bond Portfolio
Data updated: 2023-11-22
C000202262 — BlackRock Emerging Markets Flexible Dynamic Bond Portfolio. Emerging Markets Equity · $35.52M AUM. Holdings, fees, performance and SEC filings.
C000202262 Fund Overview
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio is a US mutual fund managed by BlackRock Funds V, categorised as Emerging Markets Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: BlackRock Funds V
- Category: Emerging Markets Equity
- Assets under management: $35.52M
- 1-year return: 11.3%
- SEC CIK: 0001738078
- SEC series ID: S000062357
- Share class ID: C000202262
C000202262 Investment Objective and Strategy
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock Funds V.
Investment objective
The BlackRock Emerging Markets Flexible Dynamic Bond Portfolio (the “Fund”) seeks maximum long term total return.
Principal investment strategy
The Fund invests primarily in a global portfolio of fixed income securities and derivatives of any maturity of issuers located in emerging markets that may be denominated in any currency (on a hedged or un-hedged basis). Fixed income securities are debt obligations such as bonds and debentures, U.S. Government securities, debt obligations of domestic and non-U.S. corporations, debt obligations of non-U.S. governments and their political subdivisions, asset-backed securities, various mortgage-backed securities (both residential and commercial), other floating or variable rate obligations, municipal obligations and zero coupon debt securities. Emerging markets include, but are not limited to, countries that are included in the J.P. Morgan GBI-EM Global Diversified Index. The Fund will invest at least 80% of its assets in fixed income securities issued by governments, their political subdivisions (states, provinces and municipalities), agencies and companies tied economically to an emerging market.
Fund management considers securities to be tied economically to an emerging market if (1) the issuer is organized under the laws of or maintains its principal place of business in an emerging market country, (2) the issuers securities are traded principally in an emerging market country or (3) the issuer, during its most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in an emerging market country or has at least 50% of its assets in an emerging market country. The full spectrum of available investments, including non-investment grade (high yield or junk) securities (including distressed securities) or securities determined by Fund management to be of similar credit quality, securities of small cap issuers and derivatives may be utilized in satisfying the Funds 80% policy.
It is possible that up to 100% of the Funds assets may be invested in non-investment grade (high yield or junk) securities or securities determined by Fund management to be of similar credit quality. Many of the countries in which the Fund invests will have sovereign ratings that are below investment grade or will be unrated. The Fund may invest a significant portion of its assets in one country. The Fund may gain exposure to currencies by investing in bonds of emerging market issuers denominated in any currency. The Fund may also gain exposure to currencies through the use of cash and derivatives. The Fund may also buy when-issued securities and participate in delayed delivery transactions. The management team may, when consistent with the Funds investment objective, buy or sell options or futures, or enter into credit default swaps and interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives).
The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or currency risk. The Fund may also use derivatives to enhance returns, in which case their use would involve leveraging risk. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls, which involves a sale by a fund of a mortgage-backed or other security concurrently with an agreement by the fund to repurchase a similar security at a later date at an agreed-upon price). The Fund may invest up to 10% of its assets in equity securities.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
C000202262 Performance
Total returns for C000202262 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.3% |
| 3 years (annualised) | -3.7% |
C000202262 Risk Information
Risk metrics for C000202262, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.1%
C000202262 Costs and Fees
C000202262 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 2.11%
- Portfolio turnover: 131%
- Brokerage commissions: 0.31 bps of average net assets (SEC N-CEN)
C000202262 Cashflows
Over the 12 months to 2023-09, BlackRock Emerging Markets Flexible Dynamic Bond Portfolio had net inflows of $923.11K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | −$244.42K |
| 2023-08 | $36.48K |
| 2023-07 | −$138.46K |
| 2023-06 | $195.55K |
| 2023-05 | $179.99K |
| 2023-04 | −$359.41K |
C000202262 Debt Constituents
No individual debt constituents are reported in BlackRock Emerging Markets Flexible Dynamic Bond Portfolio's latest SEC N-PORT filing.
C000202262 Prospectus and SEC Filings
Official BlackRock Emerging Markets Flexible Dynamic Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-25
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-11-01
- Portfolio holdings (N-PORT) — filed 2023-11-22
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Annual census (N-CEN) — filed 2023-03-13
- Annual census (N-CEN) — filed 2022-03-14
Related Funds
Other Emerging Markets Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.