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BlackRock Low Duration Bd BlackRock (CLDBX)

9.75 0.00(0.00%) Oct 24

Profile as of Sep 29, 2014Get Profile for:
BlackRock Low Duration Bd BlackRock
Phone: 800-537-4942
Fund Overview 
Category:Short-Term Bond
Fund Family:BlackRock
Net Assets:3.76B
Year-to-Date Return:1.59%
Morningstar Rating:4 stars
Fund Inception Date:Jun 3, 1997
Morningstar Style Box 
Short-Term Bond
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About the Morningstar Style Box
Management Information 
Scott F. MacLellan
Lead Manager since Nov 14, 2012
Scott MacLellan, CFA, Director, is a portfolio manager on the Short Duration team within the BlackRock Multi-Sector Fixed Income Portfolio Management Group. Prior to assuming his current responsibilities in 2008, Mr. MacLellan was a member of the Global Client Group, focused on Japanese clients. He also served as a product specialist for short duration and LIBOR-benchmarked fixed income products. Previously, Mr. MacLellan spent four years with Nomura BlackRock Asset Management (NBAM), a former joint venture between BlackRock and Nomura Asset Management Co., Ltd, in Tokyo as an account manager. Prior to joining NBAM in 2001, Mr. MacLellan spent a year in the Global Finance and Investment Department of IBJ Leasing in Tokyo. Mr. MacLellan earned a BS degree, with honors, in economics and international development studies from King's College in 1997.
Investment Information 
Min Initial Investment:5,000,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
CLDBX can be purchased from 35 brokerages.

Fund Summary 
The investment seeks to maximize total return, consistent with income generation and prudent investment management. The fund invests primarily in investment grade bonds and maintains an average portfolio duration that is between 0 and 3 years. It normally invests at least 80% of its assets in debt securities. The fund may invest up to 20% of its assets in non-investment grade bonds (commonly called "high yield" or "junk bonds"). It may also invest up to 25% of its assets in assets of foreign issuers, of which 10% (as a percentage of the fund's assets) may be invested in emerging markets issuers.

Fund Operations 
Last Dividend (Sep 29, 2014) : 0.02
Last Cap Gain : 0.00
Annual Holdings Turnover (Oct 22, 2014) : 301.00%
Average for Category:80.51%
Fees & Expenses 
ExpenseCLDBXCategory Avg
Annual Report Expense Ratio (net):0.41%0.82%
Prospectus Net Expense Ratio:0.41%N/A
Prospectus Gross Expense Ratio:0.62%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A2.66%
Max Deferred Sales Load: N/A1.89%
3 Yr Expense Projection*:181378
5 Yr Expense Projection*:329605
10 Yr Expense Projection*:7581,256
* Per $10,000 invested