BlackRock·2026-06-23·via All Articles on Seeking Alpha
Summary
BlackRock Total Return Fund posted returns of -0.13% (Institutional shares) and -0.31% (Investor A shares, without sales charge) for the first quarter of 2026.
The fund's overweight exposure to duration (interest rate sensitivity) was reduced, with positioning concentrated in the front end of the yield curve.
We lowered the overweight allocation to agency MBS, increased the underweight position in U.S. investment grade credit, and continued to favor high-quality structured products.
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Commentary as of 03/31/26
The fund posted returns of -0.13% (Institutional shares) and -0.31% (Investor A shares, without sales charge) for the first quarter of 2026.
Structured products, selection among agency mortgage-backed securities (MBS), and U.S. investment grade
