Commodity

BICSX

Commodity Strategies Fund ACTIVE

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y Incept.
50.41 4.41 6.46 - -0.92
Benchmark (%) 35.04 -0.20 2.31 - -4.72
Morningstar Category Avg. (%) 40.30 0.00 2.98 -6.11 -
Morningstar Ranking 29/110 8/96 7/84 - -
Morningstar Quartile 1 1 1 - -
Lipper Category Avg. (%) 42.28 0.06 3.00 -6.07 -
Lipper Ranking 32/116 11/100 8/90 - -
Lipper Quartile 2 1 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
7.88 0.00 7.88 50.41 13.82 36.77 - -8.36
Benchmark (%) 6.92 -2.15 6.92 35.04 -0.60 12.07 - -36.83
Morningstar Category Avg. (%) 8.14 -1.77 8.14 40.30 0.01 15.79 -46.75 -
Lipper Category Avg. (%) 8.11 -1.82 8.11 42.28 0.49 16.51 -45.44 -
  2016 2017 2018 2019 2020
Total Return (%) 23.18 8.28 -14.48 11.60 6.80
Benchmark (%) 11.77 1.70 -11.25 7.69 -3.12
Morningstar Category Avg. (%) 12.16 3.66 -11.52 7.87 -3.09
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Class (Millions) as of Jun 18, 2021 $944.4 M
Size of Fund (Millions) as of Jun 18, 2021 $1,282.1 M
Share Class launch date Oct 03, 2011
Asset Class Alternative
Morningstar Category Commodities Broad Basket
Lipper Classification Commodities General
Benchmark Index Bloomberg Commodity Index Total Return
CUSIP 091936666
Distribution Frequency Annual
Max Offer Price as of Jun 18, 2021 $8.90
Open to New Investors Yes
Turnover Percent in the Annual Report 76%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of May 28, 2021 23.80
P/B Ratio as of May 28, 2021 2.19
Average Market Cap (Millions) as of May 28, 2021 $ 60,778.1 M
Alpha (3y) as of May 31, 2021 0.36
R-Squared (3y) as of May 31, 2021 78.40
Beta (3y) as of May 31, 2021 0.95
Effective Duration as of May 28, 2021 0.11 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 16.43%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -23.39%
Fund Standard Deviation (3y) as of May 31, 2021 16.62
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.04%
Net Expense Ratio 0.72%

Net Expense Ratio excluding Investment Related Expenses is 0.72%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for Commodity Strategies Fund, Class I, as of May 31, 2021 rated against 96 Commodities Broad Basket Funds based on risk adjusted total return.

Lipper Leader

 
 
 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of May 31, 2021 out of 100, 12,155, 101, 119 and 101 Funds, respectively in Lipper's Commodities General classification.

Top Holdings

Holdings

Top Equity Holdings as of 31-May-2021

*% of Market Value



Exposure Breakdowns

Exposure Breakdowns

Sectors as of 31-May-2021

*this column reflects the sector exposures of the Bloomberg Commodity Benchmark. Please note that in practice, exposures may differ slightly due to enhanced index techniques.

% of Market Value

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Rob Shimell
Rob Shimell
Elliott Char
Elliott Char
Hannah Johnson
Hannah Johnson
Portfolio Manager

Literature

Literature

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