Equity

BMEAX

High Equity Income Fund

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
9.89 6.08 8.32 7.15
4.12 4.19 7.16 6.58
Benchmark (%) 13.06 5.52 9.01 8.23
Morningstar Category Avg. (%) 13.42 5.31 7.72 6.06
Morningstar Ranking 59/90 34/71 29/65 10/37
Morningstar Quartile 3 2 2 1
Lipper Category Avg. (%) 11.43 -2.59 8.11 9.32
Lipper Ranking 369/459 245/431 280/412 245/313
Lipper Quartile 4 3 3 4
  YTD 1m 3m 1y 3y 5y 10y
5.31 -1.47 -0.70 9.89 19.37 49.15 99.54
-0.22 -6.64 -5.91 4.12 13.11 41.32 89.08
Benchmark (%) 6.62 -0.94 -2.17 13.06 17.50 53.91 120.57
Morningstar Category Avg. (%) 8.53 1.20 0.61 13.42 16.78 45.02 80.13
Lipper Category Avg. (%) 5.03 0.60 -4.15 11.43 -6.86 48.53 146.15
  2019 2020 2021 2022 2023
Total Return (%) 21.66 -0.52 22.70 -1.85 9.71
Benchmark (%) 26.54 2.80 25.16 -7.54 11.46
Morningstar Category Avg. (%) 18.81 4.24 18.21 -10.23 14.97

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.

The Fund's returns prior to June 12, 2017 are the returns of the Fund when it followed different investment strategies under the name “BlackRock U.S. Opportunities Portfolio.”

Key Facts

Key Facts

Size of Class (Millions)
as of Jul 12, 2024
$303.3 M
Share Class launch date
May 01, 1998
Morningstar Category
Derivative Income
Benchmark Index
Russell 1000 Value Index
Distribution Frequency
Monthly
Max Offer Price
as of Jul 12, 2024
$25.56
Turnover Percent
126.00%
Size of Fund (Millions)
as of Jul 12, 2024
$2,010.0 M
Asset Class
Equity
Lipper Classification
Equity Income Funds
CUSIP
091929810
Number of Holdings
as of Jun 28, 2024
168
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio
as of Jun 28, 2024
0.00
Average Market Cap (Millions)
as of Jun 28, 2024
$ 137,333.7 M
R-Squared (3y)
as of Jun 30, 2024
92.97
30 Day SEC Yield
as of Jun 28, 2024
6.48%
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-9.05%
Active Share
as of May 31, 2024
87.39%
P/E Ratio - Forward
as of Jun 28, 2024
0.00
Alpha (3y)
as of Jun 30, 2024
0.09
Beta (3y)
as of Jun 30, 2024
0.88
Best 3-Month Return Over the Last 3 Years
3 months ending Dec 31, 2022
12.91%
Fund Standard Deviation (3y)
as of Jun 30, 2024
15.11

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 takes into account ESG considerations in combination with other information in the research and decision phases of the investment process. The Fund manager conducts regular portfolio reviews between with the Risk and Quantitative Analysis group and the Chief Investment Officers, which may include discussion of material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors. The Fund also includes an option overlay strategy; ESG factors are not considered in the investment process for the options overlay strategy.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.24%
Net Expense Ratio 1.10%

Net Expense Ratio excluding Investment Related Expenses is 1.10%

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

Ratings

Ratings

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 Jun 30, 2024 out of 431, 12,385, 431, 106 and 430 Funds, respectively in Lipper's Equity Income Funds classification.

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
WELLS FARGO 2.32
SAMSUNG ELECTRONICS GDS REPRESENT 1.78
CITIGROUP INC 1.68
RTX CORP 1.54
BP PLC 1.51
Name Weight (%)
FIRST CITIZENS BANCSHARES INC CLAS 1.50
BAXTER INTERNATIONAL INC 1.43
SHELL PLC 1.42
BRITISH AMERICAN TOBACCO 1.42
FIDELITY NATIONAL INFORMATION SERV 1.41
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.

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Global CIO of Fundamental Equities, Portfolio Manager, Managing Director

   

Kyle G. McClements
Head of Equity Derivatives Team

  

David Zhao
Portfolio Manager, Managing Director

  

Christopher M. Accettella
BlackRock Equity Derivatives Team

  

Tom Pierce
Tom Pierce
Portfolio Manager

Literature

Literature

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