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
5.86 14.24 6.73 1.54
Benchmark (%) -1.30 16.23 6.13 -0.75
Morningstar Category Avg. (%) 2.92 18.27 6.45 -0.28
Morningstar Ranking 35/106 91/102 35/98 8/61
Morningstar Quartile 2 4 2 1
Lipper Category Avg. (%) 2.02 17.57 6.13 -0.09
Lipper Ranking 34/108 91/104 34/100 11/65
Lipper Quartile 2 4 2 1
  YTD 1m 3m 1y 3y 5y 10y
-3.73 -1.51 1.44 5.86 49.11 38.47 16.56
Benchmark (%) -3.44 -0.69 4.71 -1.30 57.01 34.66 -7.21
Morningstar Category Avg. (%) -1.22 -0.35 5.81 2.92 65.45 36.70 -2.76
Lipper Category Avg. (%) -1.93 -0.40 5.52 2.02 63.70 35.61 2.56
  2018 2019 2020 2021 2022
Total Return (%) -14.48 11.60 6.80 22.44 12.07
Benchmark (%) -11.25 7.69 -3.12 27.11 16.09
Morningstar Category Avg. (%) -11.52 7.87 -3.09 29.74 15.74

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 Dec 07, 2023 $551.4 M
Size of Fund (Millions) as of Dec 07, 2023 $785.2 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 Dec 06, 2023 $8.21
Open to New Investors Yes
Turnover Percent in the Annual Report 78.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Oct 31, 2023 9.69
P/B Ratio as of Oct 31, 2023 1.92
Average Market Cap (Millions) as of Oct 31, 2023 $ 86,788.4 M
Alpha (3y) as of Nov 30, 2023 0.00
R-Squared (3y) as of Nov 30, 2023 82.67
Beta (3y) as of Nov 30, 2023 0.90
Effective Duration as of Oct 31, 2023 0.11 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2022 19.96%
Worst 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2022 -10.30%
Fund Standard Deviation (3y) as of Nov 30, 2023 15.91
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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or 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, where appropriate, 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 0.83%
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

4 stars
Overall Morningstar Rating for Commodity Strategies Fund, Class I, as of Nov 30, 2023 rated against 100 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 Nov 30, 2023 out of 102, 12,516, 102, 128 and 102 Funds, respectively in Lipper's Commodities General classification.

Holdings

Holdings

Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Top Holdings

Holdings

Top Equity Holdings as of 30-September-2023

*% of Market Value

Exposure Breakdowns

Exposure Breakdowns

Sectors as of 30-September-2023

*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
Hannah Johnson
Hannah Johnson
Portfolio Manager

Literature

Literature

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