BlackRock Credit Relative Value Fund Investor A Shares (BGCAX)
| Fund Assets | 801.67M |
| Expense Ratio | 1.59% |
| Min. Investment | $1,000 |
| Turnover | 113.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 5.31% |
| Dividend Growth | -18.46% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 9.49 |
| YTD Return | 0.32% |
| 1-Year Return | 5.00% |
| 5-Year Return | 15.28% |
| 52-Week Low | 8.89 |
| 52-Week High | 9.50 |
| Beta (5Y) | n/a |
| Holdings | 791 |
| Inception Date | Sep 30, 2011 |
About BGCAX
BlackRock Credit Relative Value Fund Investor A Shares is a mutual fund specializing in the global fixed-income sector. Its primary objective is to deliver absolute total returns across a full market cycle, typically three to five years, by using a diversified strategy that includes both long and short positions in credit instruments. The fund operates within the nontraditional bond category, offering flexibility to take positions independent of traditional bond benchmarks. Notable features include the ability to invest in a broad range of fixed-income securities, manage duration exposure dynamically, and employ various derivatives. The fund's strategy is designed to generate returns that are less correlated with the broader fixed-income market, appealing to investors seeking diversification and potential downside protection. With an above-average expense ratio and an annual dividend distribution, the fund stands out for its active approach to capturing relative value opportunities in global credit markets, playing a significant role in portfolios seeking alternative sources of fixed-income return beyond conventional bond funds.
Performance
BGCAX had a total return of 5.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.66%.
Top 10 Holdings
59.12% of assets| Name | Symbol | Weight |
|---|---|---|
| EUR/USD Purchased | n/a | 34.28% |
| BlackRock Liquidity Funds - T-Fund | TSTXX | 8.15% |
| GBP/USD Purchased | n/a | 3.41% |
| CASH COLLATERAL USD MLISW | n/a | 2.67% |
| BEIGNET INV LLC | RPLDCI.6.581 05.30.49 144A | 2.22% |
| Lions Gate Television Inc. | LGF.6 04.15.30 144a | 2.08% |
| British Airways Pass Through Trust Prvt | n/a | 2.06% |
| Frontier Communications Holdings Llc | FYBR.8.75 05.15.30 144A | 1.47% |
| Palomino Funding Trust I | VST.7.233 05.17.28 | 1.42% |
| Alexander Funding Trust II | NRG.7.467 07.31.28 | 1.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.50429 | Dec 23, 2025 |
| Dec 18, 2024 | $0.61849 | Dec 19, 2024 |
| Dec 20, 2023 | $0.2732 | Dec 21, 2023 |
| Dec 19, 2022 | $0.65594 | Dec 20, 2022 |
| Dec 22, 2021 | $0.33029 | Dec 23, 2021 |
| Dec 23, 2020 | $0.35701 | Dec 24, 2020 |