BlackRock Global Long/Short Credit Absolute Return Credit
BLK Global Long/Short Credit Fund Positioning as of 3/31/18
Symbols I: BGCIX A: BGCAX C: BGCCX
Exposure
Total Longs
Total Shorts
Gross
Net
Overall Positioning
HY Corporates
Bank Loans
IG Corporates
CDX
Securitized
Converts & Preferreds
Other
Government
Equity
% Notional Market Value
124.14
-46.83
170.97
77.31
% Long % Short % Net
42.92
29.39
27.16
12.50
3.28
0.78
1.01
2.14
4.97
-7.85
-0.01
-15.24
-9.05
0.00
-0.19
-0.47
-2.12
-11.89
35.06
29.38
11.91
3.45
3.28
0.59
0.54
0.02
-6.92
Regional Breakdown
Europe
North America
Emerging Markets
Asia Pacific
Credit Rating Breakdown
AAA
AA
A
BBB
BB
B
CCC & Below
Not Rated
Other
% Long
53.95
63.02
6.01
1.16
Derivatives
% Short
-17.84
-25.21
-3.07
-0.71
% Long
3.39
1.38
4.45
26.46
28.49
29.34
3.62
3.73
3.13
20.17
% Net
36.12
37.82
2.95
0.45
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE GENERAL PUBLIC.
% Short
0.00
-0.71
-4.73
-1.76
-1.34
-2.02
-0.13
-0.22
-4.01
-31.88
% Net
3.39
0.67
-0.28
24.70
27.15
27.31
3.49
3.51
-0.88
-11.72
As of 3/31/18. Holdings can change at any time and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities
mentioned or securities in the industries shown above. Includes only credit positions and excludes all interest rate and currency hedges. Credit Quality Ratings are based on the
Barclays methodology - whereas the median of the three rating agencies (Moody's, S&P, Fitch) is used to determine credit rating, while the lower of split ratings is used when an
instrument is rated by two agencies. Not Rated may include equities.
BLACKROCK
USR0418U-470515-1498457
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