Alexander assumed his current role in 2017. Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided as is and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. She earned a BA degree, magna cum laude, in Economics and Statistics from Mount Holyoke College. The distribution rates are computed by annualizing the current distribution rate per share (excluding short-term capital gains), and dividing the result by the public offering price (for the distribution rate including sales charge) or net asset value (for the distribution rate not including sales charge) at the end of the business day. Past distributions are not indicative of future distributions.Click here, for the most recent distributions. M). Ratings are shown in the S&P and Fitch scale (e.g., AAA). The fund seeks to achieve its objective by investing principally in debt instruments of Sovereign, Quasi-Sovereign, and Corporate issuers, which may be denominated in any curre ncy, including the local currency of the issuer. Non-accruing securities are treated as having a coupon equal to zero. Johnathan joined MFS in 2010 as an equity research analyst following his participation in the firm's Summer MBA Internship program in 2009. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the funds net asset value and fluctuations of dividends and distributions paid by the fund. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. Effective Duration as of Apr 28, 2023 5.94 yrs. Sector Rotation: The Cornerstone of Our Investment Grade Strategy, Investment-grade, U.S. dollar-based, absolute return-oriented strategy, Ability to manage and hedge duration based on market conditions, Portfolio construction and rebalancing are driven by investment decisions, not benchmark changes, Expert portfolio management team has extensive experience investing in corporate, securitized and interest rate products, Adviser is majority-owned by its employees, $5,000 initial investment for regular accounts. Investors have been loading up on T-bills and money market funds this year, but according to our Total Return team, that is not a sustainable strategy as it exposes investors to both reinvestment risk and inflation while creating an asset/liability mismatch. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. Previously, she was a macro researcher on the Economics team at BlackRock. Ms. Schulten is a portfolio manager on global green and socially responsible mandates She partners with BlackRock's Global Fixed Income teams to bring ESG and climate risk integration tools and strategies to the investment process. PDF Vanguard Total Return Chart Still, Ashmore's Total Return fund went into February with bets on the Russian rouble as well as exposure to Ukrainian securities that were well in excess of its benchmark, according to its . Bond:Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. We use cookies to make your experience of our website better. Investments in foreign and emerging market securities involve greater volatility and political, economic and currency risks and differences in accounting methods. In addition, she is actively involved in the platform's top-down process including regime identification, asset allocation, macro positioning, and portfolio construction. These results represent the percent change in net asset value. See the results of our collaborative approach for MFS' "All Star" portfolios. View Overall Morningstar Ratings Information, Weighted Average Price/Earnings (next 12 months), Weighted Average IBES Long Term EPS Growth. Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. BlackRock Sustainable Total Return Fund | BKSTX | Class K He previously served as a senior associate at PwC for two years, following three years as an associate. He was named director of Fixed Income in 2011 and director of Fixed Income -- North America in 2017. Total Return Fund | MAHQX | Institutional - BlackRock Josh joined MFS in 1999 as a credit analyst and was named portfolio manager and head of Structured Product Research in 2002. Source FactSet. The performance data shown represent past performance. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. MSCI Ratings are currently unavailable for this fund. 2023 BlackRock, Inc. All rights reserved. Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team. In an article published on his website Tuesday, Gross singled out the Pimco product and Jeffrey Gundlach's DoubleLine Total Return Bond Fund, which have lost almost 17% and 14% this year . To receive the distribution, an investor must be a shareholder of record on that date. Morningstar rankings may vary among share classes and are based on historical total returns, which are not indicative of future results. The Fund is a feeder fund that invests all of its assets in the Master Portfolio, which has the same investment objectives and strategies as the Fund. Mr. Vataru is also a Portfolio Manager for the growth & income and flexible balanced strategies. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. Prior to joining Osterweis Capital Management in 2018, Daniel Oh spent over eight years as a Director at Estabrook Capital Management in New York City and was the lead Portfolio Manager of the Estabrook Investment Grade Fixed Income Fund. The fund itself has not been rated by an independent rating agency. Net Expense Ratio excluding Investment Related Expenses is 0.44%. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Morningstar Category Intermediate Core-Plus Bond. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Daily NAV is the Net Asset Value per share determined using the amortized cost of portfolio securities rounded to two decimal places and is the price at which fund shares are transacted. Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return. Investing involves risk, including possible loss of principal. Steve is a graduate of the University of New Hampshire and has a Master of Business Administration degree from Boston College. Visit your brokerage today to see how you can get started. These reviews include discussion of the portfolios exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors. Morningstar Overall Rating As of 04/30/23 Class A Shares, Net Assets We further believe that passive and relative return fixed income strategies can pose unintended risks and that hedging strategies can be used selectively to insulate investment returns. (Effective Nov 21, 2022). Unless otherwise stated in Fund documentation or included within the Funds investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process. This information must be preceded or accompanied by a current prospectus. He is a member of CFA Society Boston. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Prior to that, he held positions at Seneca Financial Group and Morgan Stanley. She is co-manager of BlackRock's Total Return strategy, Core Bond strategy, US Dollar Bond strategy, and Global Government Bond strategy. Read the prospectus carefully before investing. Performance data is not currently available. Full and Historical Holdings, 31.99% long and 3.40% short (*) positions of fixed income assets Get our most recent outlooks and fund updates and receive invitations to our conference calls and webinars, right in your inbox. Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher rated securities. Historical NAV may not be available for all dates. Current performance may be lower or higher than the performance data quoted. Essentially the yield-to-worst is a bond's yield-to-maturity under the least desirable bond repayment pattern under the assumption that bond market yields are unchanged. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. If none of the 3 Rating Agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise. (Source: Barron's Dictionary of Finance and Investment Terms), Updated Daily As of He began his career in the financial services industry in 2003. Stock: Stock markets and investments in individual stocks are volatile and can decline significantly in response to or investor perception of, issuer, market, economic, industry, political, regulatory, geopolitical, environmental, public health, and other conditions. Past performance is no guarantee of future results. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding. Bond values fluctuate in price so the value of your investment can go down depending on market conditions. All results are historical and assume the reinvestment of dividends and capital gains. SRH Total Return Fund - The Fund Coupons are netted for securities with a payable and receivable leg. For all securities other than those described below, ratings are assigned utilizing ratings from Moodys, Fitch, and Standard & Poors and applying the following hierarchy: If all three agencies provide a rating, the consensus rating is assigned if applicable or the middle rating if not; if two of the three agencies rate a security, the lower of the two is assigned. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Prior to joining Osterweis Capital Management in 2018, John Sheehan spent more than 20 years working at Citigroup, first as Managing Director responsible for Investment Grade Syndicate in New York City, where he advised issuers on accessing funding in the corporate bond market. Overall Morningstar Rating for Total Return Fund, Class Inst, as of May 31, 2023 rated against 552 Intermediate Core-Plus Bond Funds based on risk adjusted total return. (*YTD Updated Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. 27.90% of equity assets He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. 1Other. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. The Total Return Bond Fund invests primarily in investment-grade securities and employs tactical shifts in sector allocation, interest rate/yield curve risk and credit quality, attempting to capture return across credit, interest rate and volatility cycles. MSFRX: Total Return Fund | MFS Lower-rated securities may present an increased possibility of default, price volatility or illiquidity compared to higher-rated securities. Had sales charge been included, returns would have been lower. To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the funds gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a funds gross weight; the absolute values of short positions are included but treated as uncovered), the funds holdings date must be less than one year old, and the fund must have at least ten securities. There is no assurance that a fund will repeat that yield in the future. For more information regarding a fund's investment strategy, please see the fund's prospectus. Class A shares ("A") results include the maximum sales charge. Analyst Ratings ultimately reflect the Manager Research Groups overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. $120b investor picked the wrong time to back Russia - Financial Review Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. Add that back in and you'll find your investment is actually worth that 180 plus . Please refer to the funds prospectus for more information. Historical MP may not be available for all dates. As a member of the portfolio management teams for the firm's Value and Global Balanced portfolios, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management, and he participates in the research process and strategy discussions. The investment seeks to maximize total return. BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings. Performance for other share classes will vary. Bill Gross Bashes 'Total Return' Bond Funds He Popularized Performance is shown after deduction of ongoing charges. Investments in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. He is a principal of the firm and the lead Portfolio Manager for the total return fixed income strategy. All other marks are the property of their respective owners. Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2023 7.45%. The Fund managers ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. Mr. Rogal earned a BA degree in economics and biology from Cornell University in 2006, with concentrations in statistics and genetics. For Financial Advisors, RIAs, Analysts, Institutional Clients and Consultants only. Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value. BlackRock funds are also available through certain brokerage accounts. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed. Streetwear Shorts - ALL. If you do NOT click this box, you will have to enter your user name and password each time you wish to view your mfs.com homepage. Source: Lipper. Fund Standard Deviation (3y) as of Apr 30, 2023 6.85. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Read the prospectus carefully before investing. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus. She leads research efforts for US rates in the Global Fixed Income platform. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose. Investing involves risk, including possible loss of principal.Fund details, holdings and characteristics are as of the date noted and subject to change. Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Ratings and portfolio credit quality may change over time. But that figure would be inaccurate, because you need to factor in the income distribution that you reinvested. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Performance results reflect past performance and are no guarantee of future results. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. The quality ratings of individual issues/issuers are provided to indicate the credit-worthiness of such issues/issuer and generally range from AAA, Aaa, or AAA (highest) to D, C, or D (lowest) for S&P, Moodys, and Fitch respectively. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. Total Return Fund | MRCBX | Class R - BlackRock Investment Objective: Ashmore SICAV Emerging Markets Total Return Fund I CAD Dis. Beta is a measure of the volatility of a portfolio relative to the overall market. Read the prospectus carefully before investing. It uses a standard deviation and excess return. To achieve its objective, the Fund utilizes a bottom-up, value-driven investment process to identify securities of good quality businesses trading below estimated intrinsic value. Mr. Oh graduated from Columbia University (B.A. We need to ask for your consent to set these cookies. As of 06/01/23 , subject to revision and not annualized.). Highlights the importance of diversification and striking the proper balance between stocks and bonds. Credit quality ratings on underlying securities of the fund are received from S&P, Moodys and Fitch and converted to the equivalent S&P major rating category. BlackRock offers investments across a comprehensive range of asset classes and exposures, addressing investor needs with respect to growth, income, and capital preservation.The portfolio holdings information, including any sustainability-related disclosure, shown for the BlackRock Total Return Fund (the Fund) on this site are the information of the Master Total Return Portfolio (the Master Portfolio).
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