About BFMCX
BlackRock Core Bond Portfolio Institutional Shares is an open-end mutual fund focused on providing investors with broad exposure to the U.S. investment grade bond market. Its primary objective is to generate income and preserve capital by investing primarily in high-quality fixed income securities, including U.S. Treasuries, government agency bonds, mortgage-backed securities, and corporate debt. The fund is actively managed, employing a diversified strategy that seeks to maintain an average duration close to its benchmark, the Bloomberg U.S. Aggregate Bond Index, typically resulting in moderate sensitivity to interest rate changes. Notable features include its relatively low expense ratio among institutional share classes and a focus on high credit quality holdings, with significant allocations to U.S. government and agency-backed securities. As part of the intermediate core bond category, this fund plays a central role in many institutional and diversified fixed income portfolios, offering a blend of stability and income generation amidst changing market conditions. Its size, established management team, and disciplined investment process contribute to its prominence in the U.S. fixed income market.
Fund Family BlackRock
Category Intermediate Core Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol BFMCX
Index Bloomberg U.S. Aggregate Bond TR
BFMCX had a total return of -2.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.84%.
