BlackRock Global Long/Short Credit Absolute Return Credit
Global Long/Short Credit Attribution
Balanced return contribution from U.S. and foreign credit exposures over time
Diversified sources of return through multiple investment strategies (traditional, carry, absolute,
hedge)
Regional Attribution (basis points)
1050
850
650
450
250
50
-150
2011 2012 2013 2014 2015 2016 2017 2018
U.S. Total Europe Total Asia Total EM Total Other
■
BLACKROCK
Strategy-Based Attribution (basis points)
1050
850
650
450
250
50
-150
Source: BlackRock, as of 3/31/18. Attribution based on gross returns and does not reflect the deduction of expenses.
Emphasis
on credit
beta
Increasing
contribution from
absolute return
strategies
2011 2012 2013 2014 2015 2016 2017 2018
■Traditional Carry Absolute Hedge Other
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE GENERAL PUBLIC.
USR0418U-470515-1498457
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