Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
BlackRock Credit Strategies Fund - BlackRock Cr Stra Fd USD Cls INST
mutual fund
CREDX
Payout Change
Pending
Price as of:
$8.51
-0.03
-0.35%
primary theme
Bank Loan
share class
CREDX (Mutual Fund)
BlackRock Credit Strategies Fund - BlackRock Cr Stra Fd USD Cls INST
Payout Change
Pending
Price as of:
$8.51
-0.03
-0.35%
primary theme
Bank Loan
share class
CREDX (Mutual Fund)
BlackRock Credit Strategies Fund - BlackRock Cr Stra Fd USD Cls INST
Payout Change
Pending
Price as of:
$8.51
-0.03
-0.35%
primary theme
Bank Loan
share class
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$8.51
$419 M
9.24%
$0.79
2.12%
Vitals
YTD Return
8.3%
1 yr return
8.3%
3 Yr Avg Return
3.7%
5 Yr Avg Return
4.2%
Net Assets
$419 M
Holdings in Top 10
34.7%
52 WEEK LOW AND HIGH
$8.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 55.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$8.51
$419 M
9.24%
$0.79
2.12%
CREDX - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.30%
- Dividend Yield 9.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock Credit Strategies Fund - BlackRock Cr Stra Fd USD Cls INST
-
Fund Family NameBlackRock
-
Inception DateFeb 28, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJames Keenan
Fund Description
CREDX - Performance
Return Ranking - Trailing
| Period | CREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -4.1% | 10.5% | 42.64% |
| 1 Yr | 8.3% | -4.1% | 10.7% | 58.71% |
| 3 Yr | 3.7%* | -6.7% | 8.3% | 86.96% |
| 5 Yr | 4.2%* | -4.7% | 38.0% | 61.00% |
| 10 Yr | N/A* | -0.3% | 20.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -12.0% | 11.1% | 87.92% |
| 2022 | -14.8% | -22.9% | 5.1% | 96.12% |
| 2021 | -4.3% | -12.2% | 11.1% | 99.60% |
| 2020 | 1.8% | -14.1% | 289.8% | 3.31% |
| 2019 | N/A | -8.1% | 7.5% | N/A |
Total Return Ranking - Trailing
| Period | CREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -4.1% | 10.5% | 42.64% |
| 1 Yr | 8.3% | -4.1% | 10.7% | 58.71% |
| 3 Yr | 3.7%* | -6.7% | 8.3% | 86.96% |
| 5 Yr | 4.2%* | -4.7% | 38.0% | 61.00% |
| 10 Yr | N/A* | -0.3% | 20.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CREDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.8% | -12.0% | 22.1% | 38.11% |
| 2022 | -7.6% | -22.9% | 5.1% | 91.47% |
| 2021 | 3.1% | -10.2% | 11.1% | 89.29% |
| 2020 | 8.2% | -8.8% | 306.9% | 2.48% |
| 2019 | N/A | -3.6% | 12.1% | N/A |
NAV & Total Return History
CREDX - Holdings
Concentration Analysis
| CREDX | Category Low | Category High | CREDX % Rank | |
|---|---|---|---|---|
| Net Assets | 419 M | 29.9 M | 13.5 B | 60.62% |
| Number of Holdings | 1358 | 2 | 2051 | 1.95% |
| Net Assets in Top 10 | -1.1 M | -191 M | 2.22 B | 98.83% |
| Weighting of Top 10 | 34.69% | 5.2% | 100.7% | 8.59% |
Top 10 Holdings
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
- Ssb Loc 18.09%
Asset Allocation
| Weighting | Return Low | Return High | CREDX % Rank | |
|---|---|---|---|---|
| Bonds | 82.99% | 0.00% | 161.82% | 95.33% |
| Cash | 12.65% | -61.90% | 16.36% | 2.33% |
| Convertible Bonds | 3.77% | 0.00% | 5.51% | 1.96% |
| Stocks | 0.60% | 0.00% | 100.70% | 64.59% |
| Preferred Stocks | 0.00% | -3.99% | 7.54% | 94.16% |
| Other | 0.00% | -52.39% | 26.58% | 87.94% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CREDX % Rank | |
|---|---|---|---|---|
| Corporate | 80.64% | 0.00% | 99.80% | 91.37% |
| Cash & Equivalents | 12.03% | 0.00% | 25.03% | 1.56% |
| Securitized | 5.45% | 0.00% | 91.68% | 9.80% |
| Government | 1.74% | 0.00% | 3.18% | 2.75% |
| Derivative | 0.14% | -11.46% | 0.67% | 18.29% |
| Municipal | 0.00% | 0.00% | 0.47% | 92.94% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CREDX % Rank | |
|---|---|---|---|---|
| Non US | 57.12% | 0.00% | 63.23% | 1.95% |
| US | 25.87% | 0.00% | 124.50% | 95.33% |
CREDX - Expenses
Operational Fees
| CREDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.12% | 0.03% | 5.51% | 16.67% |
| Management Fee | 1.17% | 0.00% | 1.89% | 93.18% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
| CREDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| CREDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CREDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 55.00% | 4.00% | 180.00% | 44.21% |
CREDX - Distributions
Dividend Yield Analysis
| CREDX | Category Low | Category High | CREDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.24% | 0.00% | 11.13% | 1.89% |
Dividend Distribution Analysis
| CREDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| CREDX | Category Low | Category High | CREDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.30% | 1.77% | 9.82% | 7.11% |
Capital Gain Distribution Analysis
| CREDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.066 | OrdinaryDividend |
| Oct 31, 2024 | $0.068 | OrdinaryDividend |
| Sep 30, 2024 | $0.066 | OrdinaryDividend |
| Aug 30, 2024 | $0.068 | OrdinaryDividend |
| Jul 31, 2024 | $0.068 | OrdinaryDividend |
| Jun 28, 2024 | $0.066 | OrdinaryDividend |
| Apr 30, 2024 | $0.066 | OrdinaryDividend |
| Mar 28, 2024 | $0.068 | OrdinaryDividend |
| Feb 29, 2024 | $0.063 | OrdinaryDividend |
| Jan 31, 2024 | $0.068 | OrdinaryDividend |
| Dec 29, 2023 | $0.068 | OrdinaryDividend |
| Dec 21, 2023 | $0.123 | OrdinaryDividend |
| Nov 30, 2023 | $0.066 | OrdinaryDividend |
| Oct 31, 2023 | $0.068 | OrdinaryDividend |
| Sep 29, 2023 | $0.062 | OrdinaryDividend |
| Aug 31, 2023 | $0.064 | OrdinaryDividend |
| Jul 31, 2023 | $0.064 | OrdinaryDividend |
| Jun 30, 2023 | $0.062 | OrdinaryDividend |
| May 31, 2023 | $0.060 | OrdinaryDividend |
| Apr 28, 2023 | $0.058 | OrdinaryDividend |
| Mar 31, 2023 | $0.060 | OrdinaryDividend |
| Feb 28, 2023 | $0.050 | OrdinaryDividend |
| Jan 31, 2023 | $0.056 | OrdinaryDividend |
| Dec 30, 2022 | $0.056 | OrdinaryDividend |
| Dec 21, 2022 | $0.018 | OrdinaryDividend |
| Nov 30, 2022 | $0.054 | OrdinaryDividend |
| Oct 31, 2022 | $0.056 | OrdinaryDividend |
| Sep 30, 2022 | $0.054 | OrdinaryDividend |
| Aug 31, 2022 | $0.056 | OrdinaryDividend |
| Jul 29, 2022 | $0.056 | OrdinaryDividend |
| Jun 30, 2022 | $0.054 | OrdinaryDividend |
| May 31, 2022 | $0.056 | OrdinaryDividend |
| Apr 29, 2022 | $0.054 | OrdinaryDividend |
| Mar 31, 2022 | $0.056 | OrdinaryDividend |
| Feb 28, 2022 | $0.050 | OrdinaryDividend |
| Jan 31, 2022 | $0.056 | OrdinaryDividend |
| Dec 31, 2021 | $0.056 | OrdinaryDividend |
| Dec 21, 2021 | $0.086 | OrdinaryDividend |
| Nov 30, 2021 | $0.054 | OrdinaryDividend |
| Oct 29, 2021 | $0.056 | OrdinaryDividend |
| Sep 30, 2021 | $0.054 | OrdinaryDividend |
| Aug 31, 2021 | $0.056 | OrdinaryDividend |
| Jul 30, 2021 | $0.056 | OrdinaryDividend |
| Jun 30, 2021 | $0.054 | OrdinaryDividend |
| May 28, 2021 | $0.051 | OrdinaryDividend |
| Apr 30, 2021 | $0.049 | OrdinaryDividend |
| Mar 31, 2021 | $0.051 | OrdinaryDividend |
| Feb 26, 2021 | $0.046 | OrdinaryDividend |
| Jan 29, 2021 | $0.051 | OrdinaryDividend |
| Dec 31, 2020 | $0.051 | OrdinaryDividend |
| Dec 22, 2020 | $0.060 | OrdinaryDividend |
| Nov 30, 2020 | $0.046 | OrdinaryDividend |
| Oct 30, 2020 | $0.047 | OrdinaryDividend |
| Sep 30, 2020 | $0.044 | OrdinaryDividend |
| Aug 31, 2020 | $0.044 | OrdinaryDividend |
| Jul 31, 2020 | $0.044 | OrdinaryDividend |
| Jun 30, 2020 | $0.043 | OrdinaryDividend |
| May 29, 2020 | $0.045 | OrdinaryDividend |
| Apr 30, 2020 | $0.049 | OrdinaryDividend |
| Mar 31, 2020 | $0.046 | OrdinaryDividend |
| Feb 28, 2020 | $0.046 | OrdinaryDividend |
| Jan 31, 2020 | $0.043 | OrdinaryDividend |
| Dec 23, 2019 | $0.106 | OrdinaryDividend |
| Dec 23, 2019 | $0.000 | CapitalGainLongTerm |
| Aug 30, 2019 | $0.038 | OrdinaryDividend |
| Jul 31, 2019 | $0.036 | OrdinaryDividend |
CREDX - Fund Manager Analysis
Managers
James Keenan
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team from 2006 to 2007;Prior to joining BlackRock in 2004, He was a senior high yield trader at Columbia Management Group from 2003 to 2004. Mr. Keenan began his investment career at UBS Global Asset Management where he held roles as a trader, research analyst and a portfolio analyst from 1998 through 2003. Mr. Keenan holds the Chartered Financial Analyst designation.
David Delbos
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Managing Director of BlackRock, Inc. since 2012; Director of BlackRock, Inc. from 2007 to 2011; Vice President of BlackRock, Inc. from 2005 to 2006.
Jeffrey Cucunato
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Jeffrey Cucunato, Managing Director, is a member of the US Bonds Portfolio Team within BlackRock's Fixed Income Portfolio Management Group. He is the lead manager for the Investment Grade Corporates and Long Duration Portfolio Team. Prior to joining the corporate bond team, Mr. Cucunato focused on interest rate products, including government and agency securities. He was also involved in the day-to-day management of BlackRock's inflation-linked bond portfolios. Mr. Cucunato joined the Portfolio Management Group in 1997. He began his career at BlackRock in 1995 as an analyst in the Account Management Group, working with international clients and alternative investments.
Patrick Wolfe
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Patrick Wolfe, Managing Director, is a member of Blackrock’s Global Credit Platform. He is a portfolio manager responsible for US Direct Lending funds, BlackRock Credit Strategies Fund, and middle-market CLOs in the US. Mr. Wolfe joined BlackRock through the acquisition of TCP. At TCP, Mr. Wolfe launched the middle-market CLO platform taking the business to over $1 billion of assets. He also co-led led the development of the firm’s proprietary private credit software platform and was one of the creators of the Direct Lending fund structure designed for insurance company clients. Prior to TCP, Mr. Wolfe was in structured credit at Deutsche Bank for six years focusing on the structuring, issuance, and management of CLOs and other credit strategies. He began his career in 2006 as an accountant at KSJG LLP focused on mortgage banking. Mr. Wolfe earned a B.S. in Accounting from San Diego State University in 2006.
Eric Yuan
Start Date
Tenure
Tenure Rank
Apr 29, 2022
0.09
0.1%
Managing Director of BlackRock, Inc. since 2018; Managing Director of TCP from 2015 to 2018.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 21.18 | 6.08 | 3.25 |
