BlackRock Core Bond Closed Fund (BHK) - Net Assets
Based on the latest financial reports, BlackRock Core Bond Closed Fund (BHK) has net assets worth $594.98 Million USD as of October 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($940.98 Million) and total liabilities ($346.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of BlackRock Core Bond Closed Fund for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $594.98 Million |
| % of Total Assets | 63.23% |
| Annual Growth Rate | 2.78% |
| 5-Year Change | -28.0% |
| 10-Year Change | -22.81% |
| Growth Volatility | 34.61 |
BlackRock Core Bond Closed Fund - Net Assets Trend (2006–2023)
This chart illustrates how BlackRock Core Bond Closed Fund's net assets have evolved over time, based on quarterly financial data. Check BHK tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for BlackRock Core Bond Closed Fund (2006–2023)
The table below shows the annual net assets of BlackRock Core Bond Closed Fund from 2006 to 2023. For live valuation and market cap data, see BlackRock Core Bond Closed Fund market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | $594.98 Million | +1.18% |
| 2022-10-31 | $588.07 Million | -29.60% |
| 2021-10-31 | $835.31 Million | -5.82% |
| 2020-10-31 | $886.97 Million | +7.34% |
| 2019-12-31 | $826.35 Million | -2.97% |
| 2019-10-31 | $851.65 Million | +12.15% |
| 2018-10-31 | $759.38 Million | -5.88% |
| 2017-10-31 | $806.85 Million | -1.91% |
| 2016-10-31 | $822.55 Million | +6.71% |
| 2015-10-31 | $770.82 Million | 0.00% |
| 2014-10-31 | $770.82 Million | +122.67% |
| 2008-10-31 | $346.18 Million | -6.02% |
| 2007-10-31 | $368.34 Million | -1.39% |
| 2006-10-31 | $373.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlackRock Core Bond Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 12777318000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $735.35 Million | 123.59% |
| Total Equity | $594.98 Million | 100.00% |
BlackRock Core Bond Closed Fund Competitors by Market Cap
The table below lists competitors of BlackRock Core Bond Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TaiMed Biologics
TWO:4147
|
$485.28 Million |
|
YCC CORP
KQ:232140
|
$485.36 Million |
|
Shandong Lipeng Co Ltd
SHE:002374
|
$485.93 Million |
|
Guangzhou Jiacheng
SHG:603535
|
$485.96 Million |
|
Shanghai Shine-Link Intl
SHG:603648
|
$485.25 Million |
|
Medigen Vaccine Biologics
TWO:6547
|
$485.24 Million |
|
Hyosung Advanced Materials Corp
KO:298050
|
$485.07 Million |
|
Jiangsu Phoenix Property Investment Co Ltd
SHG:600716
|
$484.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlackRock Core Bond Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 588,071,316 to 594,982,611, a change of 6,911,295 (1.2%).
- Net income of 55,261,676 contributed positively to equity growth.
- Dividend payments of 48,350,381 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $55.26 Million | +9.29% |
| Dividends Paid | $48.35 Million | -8.13% |
| Total Change | $- | 1.18% |
Book Value vs Market Value Analysis
This analysis compares BlackRock Core Bond Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.32x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-10-31 | $28.51 | $8.98 | x |
| 2015-10-31 | $0.26 | $8.98 | x |
| 2016-10-31 | $15.25 | $8.98 | x |
| 2017-10-31 | $14.99 | $8.98 | x |
| 2018-10-31 | $14.08 | $8.98 | x |
| 2019-10-31 | $15.79 | $8.98 | x |
| 2020-10-31 | $16.45 | $8.98 | x |
| 2021-10-31 | $14.28 | $8.98 | x |
| 2022-10-31 | $10.89 | $8.98 | x |
| 2023-10-31 | $11.02 | $8.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlackRock Core Bond Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 617.81%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.58x
- Recent ROE (9.29%) is above the historical average (6.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.61% | 63.07% | 0.08x | 1.05x | $-16.38 Million |
| 2007 | 4.49% | 63.82% | 0.03x | 2.06x | $-20.29 Million |
| 2008 | -1.52% | -25.71% | 0.04x | 1.48x | $-39.89 Million |
| 2014 | 7.35% | 206.60% | 0.03x | 1.41x | $-20.41 Million |
| 2015 | 59.88% | 16.85% | 0.04x | 79.23x | $6.86 Million |
| 2016 | 11.83% | 194.68% | 0.04x | 1.37x | $15.02 Million |
| 2017 | 3.27% | 97.63% | 0.02x | 1.39x | $-54.32 Million |
| 2018 | -0.71% | 0.00% | 0.00x | 1.44x | $-81.33 Million |
| 2019 | 15.71% | 99.51% | 0.12x | 1.36x | $48.63 Million |
| 2019 | -0.91% | -48.02% | 0.01x | 1.51x | $-90.12 Million |
| 2020 | 11.85% | 99.28% | 0.09x | 1.36x | $16.43 Million |
| 2021 | 0.49% | 87.01% | 0.00x | 1.71x | $-79.44 Million |
| 2022 | -34.55% | 0.00% | -0.19x | 1.77x | $-262.00 Million |
| 2023 | 9.29% | 617.81% | 0.01x | 1.58x | $-4.24 Million |
Industry Comparison
This section compares BlackRock Core Bond Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,105,339,023
- Average return on equity (ROE) among peers: 18.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlackRock Core Bond Closed Fund (BHK) | $594.98 Million | 5.61% | 0.58x | $485.26 Million |
| Acadian Asset Management Inc (AAMI) | $384.40 Million | 74.58% | 2.59x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.16 Billion | 6.78% | 0.01x | $3.37 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $160.40 Million | 149.15% | 0.14x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $5.74 Million | 8.75% | 0.01x | $4.53 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $397.56 Million |
| Affiliated Managers Group Inc (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $5.59 Billion | 37.54% | 23.56x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $1.00 Billion | 15.72% | 0.06x | $30.17 Million |
About BlackRock Core Bond Closed Fund
BlackRock Core Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade quality bonds, including corporate bonds, government and agency securities, and mortgage-related securities. BlackRock Core Bond Trust was formed … Read more