Top BlackRock Funds: Strategic Income Opportunities (BASIX)
This unconstrained bond fund has a wide mandate and travels throughout the world to find opportunity. Most of the fund is made up of domestic fixed-income instruments, but there are holdings scattered across the globe in this portfolio.
With the freedom to invest in anything from emerging market bonds to non-dollar-denominated issues, this fund maximizes flexibility.
BASIX has 32% of assets in bonds rated AAA, with 21% of the portfolio in bonds rated BB or below. So there is diversification in bond quality as well as the geographic makeup of the fund.
This eclectic fund has attracted a $12.4 billion asset base. Over the past year, BASIX is up 2.1% and has returned 9.1% annualized over the past five years. Recently the portfolio had a weighted average maturity of four years and reported a trailing 12-month (TTM) yield of 2.6% with a 30-day SEC yield of 2.1%.
BASIX charges 0.9% in expenses.
As of this writing, Bill Wysor did not hold a position in any of the aforementioned securities.