BlackRock Global Long/Short Credit Absolute Return Credit
GLSC Offers a Low Volatility Approach to Fixed Income
BlackRock Global Long/Short Credit Fund is a liquid alternative strategy that maximizes flexibility to
capitalize on long and short opportunities and provide credit-driven returns, independent of interest
rates
Attractive returns outpacing traditional fixed income
but with far less volatility
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
2.86%
2.20%
Return
Global Long/Short Credit (Inst.)
1.55%
3.10%
Risk
Bbg Barclays Agg
Source: Morningstar, 9/30/2011 - 3/31/2018. Risk as measured by standard deviation.
Past performance is no guarantee of future results. Institutional share returns
calculated using weekly data since the fund's inception (9/30/11). Index performance is for
illustrative purposes only. It is not possible to invest directly in an unmanaged index.
BLACKROCK
Long/short focus on credit has led to lower correlation
to major indices
0.80
0.60
0.40
0.20
0.00
-0.20
-0.40 -0.32
GLSC
Beta
-0.19
-0.12
-0.02
0.19
0.30
0.64
0.58
0.40
li
10-Yr Core Muni US Inv Eur Inv Eur HY US HY Bank
Tsy
Bonds Bonds Grade Grade
-0.08 -0.10 -0.07 -0.01 0.08 0.05 0.20 0.51 0.05
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE GENERAL PUBLIC.
S&P
Loans 500
Source: BlackRock, Morningstar. Past correlations are no guarantee of future
correlations. Institutional share correlations calculated using weekly data since the fund's
inception (9/30/11). Core Bonds represented by the Bbg Barclays Aggregate Index.
Municipal Bonds represented by the Bbg Barclays Capital Muni Bond Index. US Investment
Grade and US High Yield represented by the Bbg Barclays Capital Investment Grade
Corporate and High Yield Indices. European Investment Grade and European High Yield
represented by Bbg Barclays Capital Euro Aggregate Corporate Index and Pan European
High Yield Indices. Bank Loans represented by S&P/LSTA U.S. Leveraged Loan 100 (the
index). Diversification strategies do not ensure profits in declining markets.
USR0418U-470515-1498457
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