Fixed Income

BAMBX

Systematic Multi-Strategy 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 Incept.
10.09 2.71 3.24 - 3.97
5.69 1.32 2.40 - 3.51
Benchmark (%) 5.40 3.04 2.16 - 1.66
Morningstar Category Avg. (%) 8.14 3.83 3.87 - -
Morningstar Ranking 18/121 51/112 54/100 - -
Morningstar Quartile 1 2 3 - -
Lipper Category Avg. (%) 7.11 2.27 3.11 - -
Lipper Ranking 21/117 40/106 44/91 - -
Lipper Quartile 1 2 2 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
3.46 0.49 -0.39 10.09 8.34 17.27 - 42.64
-0.68 -3.53 -4.38 5.69 4.01 12.58 - 36.93
Benchmark (%) 2.63 0.41 1.32 5.40 9.39 11.28 - 16.19
Morningstar Category Avg. (%) 4.59 -0.19 -0.13 8.14 11.94 20.91 - -
Lipper Category Avg. (%) 4.75 0.16 0.10 7.11 7.29 17.13 - -
  2019 2020 2021 2022 2023
Total Return (%) 8.25 3.34 5.85 -3.23 6.19
Benchmark (%) 2.28 0.67 0.05 1.47 5.02
Morningstar Category Avg. (%) 7.77 1.63 6.86 -2.07 6.24

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 September 17, 2018 are the returns of a predecessor fund that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. As a result, the performance of the Fund would have been substantially similar to that of the predecessor fund.

 

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3 Month Treasury Bill Index. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3 Month Treasury Bill Index. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3 Month Treasury Bill Index.

Key Facts

Key Facts

Size of Class (Millions)
as of Jul 11, 2024
$324.4 M
Share Class launch date
May 19, 2015
Morningstar Category
Multistrategy
Benchmark Index
ICE BofA 3 Month Treasury Bill Index (G0O1)
Distribution Frequency
Annual
Max Offer Price
as of Jul 11, 2024
$10.67
Turnover Percent
344.00%
Size of Fund (Millions)
as of Jul 11, 2024
$6,662.9 M
Asset Class
Alternative
Lipper Classification
Alt Multi-Strategy Funds
CUSIP
09260C109
Number of Holdings
as of Jun 28, 2024
1,858
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield
as of Mar 31, 2024
4.48%
Yield to Worst
as of Jun 28, 2024
5.49%
Unsubsidized 30-Day SEC Yield
as of Mar 31, 2024
4.46%
Nominal WAL
as of Jun 28, 2024
4.87 yrs
Yield to Maturity
as of Jun 28, 2024
5.56%
Fund Standard Deviation (3y)
as of Jun 30, 2024
4.30
Effective Duration
as of Jun 28, 2024
3.10 yrs
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 includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. 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 1.21%
Net Expense Ratio 1.20%

Net Expense Ratio excluding Investment Related Expenses is 1.20%

  • 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 106, 4,463, 106, 29 and 106 Funds, respectively in Lipper's Alt Multi-Strategy Funds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective May 13, 2024)

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.

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2024

% of Market Value

Type Long Short Net
as of Jun 28, 2024

% of Market Value

Type Long Short Net
as of Jun 28, 2024

% of Market Value

Type Long Short Net
Allocations subject to change.
as of Jun 28, 2024

% of Market Value

Type Long Short Net
as of Jun 28, 2024

% of Market Value

Type Long Short Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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

Tom Parker
Chief Investment Officer, BlackRock Systematic Fixed Income

 

 

Chad Meuse
Head of Equity Capital Structure, Systematic Fixed Income

    

Scott Radell
Managing Director, Systematic Fixed Income

  

Jeffrey Rosenberg, CFA
Managing Director, Systematic Fixed Income

   

Portfolio Manager

Literature

Literature

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