An adaptable approach to today’s changing bond markets
A flexible bond strategy can deliver strong performance with low volatility by diversifying across global markets. BlackRock Strategic Income Opportunities Fund seeks attractive opportunities typically not found in traditional core bond funds.
Performance and positioning update
- The fund posted a negative return for the month of March due to heightened market volatility.
- We significantly reduced overall duration, primarily in the long end of the curve. We continue to hold a short position in agency mortgage-backed securities (MBS) alongside a less favorable view toward investment grade credit given unattractive valuations, while preferring U.S. high yield credit, EM debt and securitized assets.
Diversified sources of return
Source: Data is since strategy inception (3/31/10) through 3/31/21. Subject to change. Diversification does not ensure a profit or protection from loss.