BlackRock Core Bond Portfolio
BlackRock Funds V
Fund classification
Classified from what the fund holds · as of 2026 Q2
BlackRock Core Bond Portfolio is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of the BlackRock Core Bond Portfolio (the Core Bond Fund or the Fund) is to seek to realize a total return that exceeds that of the reference benchmark.
The fund invests at least 80% of its assets in bonds across sectors including U.S. Treasuries, mortgage-backed securities, asset-backed securities, and corporate bonds, maintaining average portfolio duration within 20% of the Bloomberg U.S. Aggregate Bond Index benchmark. It purchases only investment-grade securities at the time of acquisition and may allocate up to 25% to foreign issuers, with up to 10% exposed to non-U.S. currency risk. The fund may use derivatives, reverse repurchase agreements, and other techniques to hedge or enhance returns. Because the fund's duration must stay within a band around the benchmark rather than track it precisely, its total return may diverge from the index.
| Share class | Gross | Net |
|---|---|---|
| C000202289 | 0.80% | 0.69% |
| C000202290 | 1.51% | 1.44% |
| C000202291 | 0.54% | 0.44% |
| C000202292 | 1.15% | 0.94% |
| C000202293 | 0.43% | 0.39% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 587.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Securitized | 57.44% |
| Bonds | 49.41% |
| Cash & short-term | 3.03% |
| Other | 1.44% |
| Loans | 0.29% |
| Derivatives | -0.23% |
These positions come to 111.38% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 54.2% |
| Government | 22.8% |
| Other | 4.9% |
| Energy | 4.1% |
| 12 smaller | 14.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Federal National Mortgage Association or Federal Home Loan Mortgage Corp. ×7, Government National Mortgage Association
Largest exited: Federal National Mortgage Association or Federal Home Loan Mortgage Corp. ×6, United States of America, Government National Mortgage Association
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 74.6% |
| Floating rate | 25.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.2% |
| 1-3y | 7.2% |
| 3-5y | 11.7% |
| 5-10y | 11.3% |
| 10y+ | 67.6% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 58% |
| Credit spreads | 42% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.98 yr |
| High yield | +0.49 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.50 yr | 8% |
| 5 yr | 2.31 yr | 38% |
| 10 yr | 1.74 yr | 29% |
| 30 yr | 1.51 yr | 25% |
3 mo is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.58 yr | 13% |
| 1 yr | 0.27 yr | 6% |
| 5 yr | 2.15 yr | 48% |
| 10 yr | 0.62 yr | 14% |
| 30 yr | 0.85 yr | 19% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.01 | +0.32 | +0.26 | $109.6k | $87.9k |
| 1 yr | +0.50 | +0.09 | +0.18 | $31.3k | $59.8k |
| 5 yr | +2.31 | +2.13 | +0.02 | $724.8k | $5.4k |
| 10 yr | +1.74 | +0.58 | +0.04 | $196.6k | $14.8k |
| 30 yr | +1.51 | +0.85 | +0.00 | $290.8k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.06 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Federal National Mortgage Association or Federal Home Loan Mortgage Corp.5.50% · due 2056-07-25 | 3.68% | $125.30M | — |
| — | Federal National Mortgage Association or Federal Home Loan Mortgage Corp.3.50% · due 2056-07-25 | 2.93% | $99.65M | — |
| TSTXX | BlackRock Liquidity FundsTSTXX | 2.89% | $98.41M | — |
| — | Federal National Mortgage Association or Federal Home Loan Mortgage Corp.6.50% · due 2056-07-25 | 2.10% | $71.56M | — |
| — | United States of America3.63% · due 2030-08-31 | 1.90% | $64.50M | — |
| — | iShares Trust | 1.29% | $43.79M | — |
| — | Federal National Mortgage Association or Federal Home Loan Mortgage Corp.2.50% · due 2056-07-25 | 1.08% | $36.87M | — |
| — | United States of America4.75% · due 2053-11-15 | 1.02% | $34.84M | — |
| — | United States of America2.75% · due 2032-08-15 | 1.00% | $34.08M | — |
| — | Federal National Mortgage Association or Federal Home Loan Mortgage Corp.4.00% · due 2056-07-25 | 0.99% | $33.72M | — |
Top 10 positions are 18.89% of net assets, top 25 28.45%, across 1.3K issuers.
See more of this fund's book
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