BHK

BlackRock Core Bond Trust is a closed-end management investment company that seeks to provide high current income by investing primarily in a diversified portfolio of investment-grade debt securities. Managed by BlackRock Advisors, LLC, the fund focuses on core fixed income sectors including U.S. government and agency securities, investment-grade corporate bonds, mortgage-backed securities (MBS), and other investment-grade debt instruments. This core bond strategy provides diversified fixed income exposure with emphasis on income generation and capital preservation. The fund's portfolio typically includes U.S. Treasuries, government agency bonds, investment-grade corporate bonds across various sectors and maturities, residential and commercial mortgage-backed securities, and asset-backed securities. The investment team actively manages duration, credit quality, and sector allocations based on market conditions, interest rate outlook, credit spreads, and relative value opportunities across fixed income markets. The focus on investment-grade securities emphasizes capital preservation and stable income while managing credit risk through higher-quality bonds compared to high-yield strategies. As a closed-end fund, BlackRock Core Bond Trust issues a fixed number of shares that trade on exchanges, often at premiums or discounts to net asset value (NAV). The fund employs leverage through borrowings, reverse repurchase agreements, or other instruments to potentially enhance returns and income, though leverage increases interest rate sensitivity and risk. The trust provides monthly distributions to shareholders, sourced from interest income and capital gains. The fund serves income-focused investors seeking diversified investment-grade bond exposure with professional management by one of the world's largest asset managers. Performance is influenced by interest rate movements, credit spreads, prepayment speeds on mortgage securities, and overall fixed income market conditions. The investment-grade focus provides lower credit risk compared to high-yield strategies while delivering competitive income levels through diversification and leverage.