About BGCIX
BlackRock Credit Relative Value Fund Institutional Shares is a nontraditional bond mutual fund focused on delivering absolute total returns across market cycles. Its core strategy involves diversified long and short positions in global fixed-income markets, aiming to capture relative value opportunities while actively managing risk. The fund primarily allocates at least 80% of its assets to credit-related instruments, including fixed, variable, and floating rate securities. Additionally, up to 20% of assets may be invested in equity instruments to enhance flexibility and potential return sources.
Noteworthy for its broad mandate, the fund has significant latitude to adjust its exposure to credit sectors, currencies, and duration—sometimes reducing interest rate sensitivity to near zero or even negative values. Its holdings span a blend of corporate credit, derivatives, cash equivalents, and sovereign exposures, reflecting an opportunistic and dynamic approach to credit investing.
Targeted at institutional investors, the fund’s minimum investment is typically $2,000,000. It plays a specialized role in institutional portfolios, offering a tactical fixed-income allocation that seeks to exploit inefficiencies across global credit markets and provide outcomes uncorrelated to traditional benchmark-driven bond strategies.
Fund Family BlackRock
Category Nontraditional Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol BGCIX
Index ICE BofA US 3-Month T Bill TR IX
BGCIX had a total return of 5.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.73%.
