BlackRock Global Long/Short Credit Absolute Return Credit
Focused on Opportunities in Credit Assets
GLSC leverages the team's expertise in credit and has flexibility to access a variety of credit assets
Focused on investment grade, cross-over and high yield corporate credit, bank loans, sovereigns, and securitized assets
Expresses views and hedges risk with credit default swaps, equity futures and options, FX forwards and options and total
return swaps
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Long/Short Exposure By Asset Class
% of Notional Market Value
Longs
Shorts
140%
120%
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%
-100%
-120%
Government
Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
BLACKROCK*
IG Credit
High Yield
Loans
Securitized
CDX
Converts/Preferred
Source: BlackRock, as of 3/31/18. Includes only credit positions and excludes all interest rate and currency hedges. Subject to change.
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE GENERAL PUBLIC.
Equity
Other
USR0418U-470515-1498457
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