- What does BASOX invest in?
- This BlackRock fund primarily allocates its capital to high-quality, short-term debt instruments, including both fixed and floating rate options, denominated in U.S. dollars. These obligations typically mature within three years, though specific exceptions may apply. The fund strictly manages its duration, aiming for a dollar-weighted average maturity of no more than 180 days and a dollar-weighted average life that does not exceed one year. A significant portion of its portfolio is concentrated in securities issued by financial services entities, such as banks, brokerage firms, and insurance companies. It also utilizes repurchase agreements, secured by such financial sector obligations.
- What is the expense ratio of BASOX?
- BlackRock Short Obligations Investor A (BASOX) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BASOX's dividend yield?
- BASOX's trailing-twelve-month yield is 3.81%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BASOX?
- Effective duration measures BASOX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BASOX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BASOX?
- BASOX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BASOX?
- Yield to maturity (YTM) is the total return you'd earn from BASOX if every bond in the portfolio is held to maturity at the current price. BASOX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
