BlackRock Sustainable Advantage CoreAlpha Bond Fund
Data updated: 2024-08-09
C000202331 — BlackRock Sustainable Advantage CoreAlpha Bond Fund. Long Total / Aggregate Bond · $48.35M AUM. Holdings, fees, performance and SEC filings.
C000202331 Fund Overview
BlackRock Sustainable Advantage CoreAlpha Bond Fund is a US mutual fund managed by BlackRock Funds IV, categorised as Long Total / Aggregate Bond. 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 IV
- Category: Long Total / Aggregate Bond
- Assets under management: $48.35M
- 1-year return: 1.0%
- SEC CIK: 0001738074
- SEC series ID: S000062371
- Share class ID: C000202331
C000202331 Investment Objective and Strategy
BlackRock Sustainable Advantage CoreAlpha Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock Funds IV.
Investment objective
The investment objective of BlackRock Impact Bond Fund (the “Fund”), a series of BlackRock Funds IV (the “Trust”), is to seek to provide a combination of income and capital growth.
Principal investment strategy
The Fund will seek to provide a combination of income and capital growth by investing in a portfolio of debt securities, using model-based asset allocation and security selection models. The Fund will invest across multiple fixed income sectors and instruments, including, but not limited to, corporate bonds. The Fund will select corporate bonds of companies to seek to generate alpha (i.e., returns on an investment as measured against a benchmark) and positive aggregate societal impact outcomes, as determined by BlackRock using the BlackRock Scientific Active Equity (SAE) Impact Methodology (described further in the section Details About the Fund How the Fund Invests Investment Process BlackRock SAE Impact Methodology), compared to the Bloomberg Barclays U.S. Aggregate Bond Index (the Benchmark).
Among the principal societal impact outcomes that are currently measured for corporate bonds are corporate citizenship, high impact disease research, greenhouse gas emissions, ethics controversies and litigation, although these may change at any time and one or more societal impact outcomes may not be relevant to all companies that are eligible for investment. The Fund does not intend to use the SAE Impact Methodology for all instruments in which it may invest and the model may evolve over time. The Fund will screen out certain companies or industries, including companies that are classified in the tobacco and alcohol industry based on Global Industry Classification (GIC) codes and certain companies whose primary business is weapons, as determined by BlackRock. The Fund invests, under normal circumstances, at least 80% of its assets in bonds.
For the purposes of this strategy, bonds include the following: obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, including U.S. agency mortgage pass-through securities; commercial mortgage-backed securities; mortgage to-be-announced (TBA) securities; debt obligations of U.S. issuers, including corporate bonds and green bonds (which are bonds with proceeds that are used to fund eligible projects with specific environmental benefits); municipal securities; asset-backed securities; and U.S.-registered dollar-denominated debt obligations of foreign issuers. The Fund may invest in bonds issued by companies located in countries other than the United States, including companies in emerging markets.
These securities may have all types of interest rate payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features. The Fund seeks to invest a substantial portion of its assets in U.S.-registered, dollar-denominated bonds. The Fund may invest in securities rated below investment grade (high yield or junk bonds). The Fund may invest in bonds of any maturity or duration. The Fund may invest a significant portion of its assets in U.S. agency mortgage pass-through securities, which are securities issued by entities such as the Government National Mortgage Association and the Federal National Mortgage Association that are backed by pools of mortgages. Most transactions in mortgage pass-through securities occur through standardized contracts for future delivery in which the exact mortgage-backed securities to be delivered are not specified until a few days prior to settlement.
The Fund expects to enter into such contracts on a regular basis. The Fund may use derivatives, such as futures contracts, options, swaps and various other instruments. The Fund may also invest in derivatives based on foreign currencies. In addition, the Fund may use derivatives and short sales to enhance returns as part of an overall investment strategy or to offset a potential decline in the value of other holdings (commonly referred to as a hedge), although the Fund is not required to hedge and may choose not to do so.
C000202331 Holdings
Top 10 holdings of BlackRock Sustainable Advantage CoreAlpha Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 6.10% |
| United States Treasury | 5.32% |
| United States Treasury | 3.97% |
| United States Treasury | 1.75% |
| Government National Mortgage Association | 1.71% |
| United States Treasury | 1.62% |
| Umbs, Tba | 1.56% |
| United States Treasury | 1.37% |
| Government National Mortgage Association | 0.95% |
| Government National Mortgage Association | 0.91% |
C000202331 Portfolio Allocation
Asset-class allocation of BlackRock Sustainable Advantage CoreAlpha Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 63.2% |
| Securitized | 44.0% |
| Cash & Equivalents | 0.4% |
| Derivatives | 0.1% |
C000202331 Performance
Total returns for C000202331 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.0% |
| 3 years (annualised) | -4.4% |
C000202331 Risk Information
Risk metrics for C000202331, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.9%
C000202331 Costs and Fees
C000202331 costs about $129 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.29%
- Gross expense ratio: 2.43%
- Portfolio turnover: 376%
- Brokerage commissions: 0.65 bps of average net assets (SEC N-CEN)
C000202331 Cashflows
Over the 12 months to 2024-05, BlackRock Sustainable Advantage CoreAlpha Bond Fund had net outflows of $5.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-05 | $5.42M |
| 2024-04 | $1.21M |
| 2024-03 | −$386.13K |
| 2024-02 | $1.97M |
| 2024-01 | $841.50K |
| 2023-12 | $335.92K |
C000202331 Debt Constituents
Largest debt holdings of BlackRock Sustainable Advantage CoreAlpha Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 6.10% |
| United States Treasury | 5.32% |
| United States Treasury | 3.97% |
| United States Treasury | 1.75% |
| United States Treasury | 1.62% |
| United States Treasury | 1.37% |
| United States Treasury | 0.83% |
| Adobe, Inc. | 0.81% |
| United States Treasury | 0.78% |
| Automatic Data Processng | 0.73% |
C000202331 Prospectus and SEC Filings
Official BlackRock Sustainable Advantage CoreAlpha Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-09-25
- Prospectus (485BPOS) — filed 2022-09-20
- Prospectus (485BPOS) — filed 2021-09-24
- Portfolio holdings (N-PORT) — filed 2024-07-26
- Portfolio holdings (N-PORT) — filed 2024-04-24
- Portfolio holdings (N-PORT) — filed 2024-01-26
- Annual census (N-CEN) — filed 2024-08-09
- Annual census (N-CEN) — filed 2023-08-04
Related Funds
Other Long Total / Aggregate Bond 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.