Fixed Income

BMBCX

Systematic Multi-Strategy Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
0.75 4.76 - - 2.71
-0.18 4.76 - - 2.71
Benchmark (%) Index: ICE BofAML 3 Month Treasury Bill Index (G0O1).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 1.87 1.02 - - 0.86
Morningstar Category Avg. (%) Multialternative -3.23 2.66 1.37 4.56 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 30/360 14/278 - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 1 - - -
Lipper Category Avg. (%) Alt Multi-Strategy Funds -5.39 0.68 0.59 3.96 -
Lipper Ranking Rankings are based on total return excluding sales charges. 12/204 6/163 - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 1 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
0.75 0.48 0.67 0.75 14.96 - - 10.15
-0.18 -0.51 -0.32 -0.18 14.96 - - 10.15
Benchmark (%) Index: ICE BofAML 3 Month Treasury Bill Index (G0O1).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 1.87 0.18 0.56 1.87 3.08 - - 3.13
Morningstar Category Avg. (%) Multialternative 2.50 2.50 0.50 -3.23 8.21 7.02 56.20 -
Lipper Category Avg. (%) Alt Multi-Strategy Funds -5.39 -1.94 -4.77 -5.39 2.24 3.12 50.50 -
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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Feb 22, 2019 $0.1 M
Size of Fund (Millions) as of Feb 22, 2019 $41.9 M
Share Class launch date May 19, 2015
Asset Class Alternative
Morningstar Category Multialternative
Lipper Classification Alt Multi-Strategy Funds
Benchmark Index ICE BofAML 3 Month Treasury Bill Index (G0O1)
CUSIP 09260C208
Number of Holdings as of Jan 31, 2019 903
Max Offer Price as of Feb 22, 2019 $9.80
Open to New Investors Yes
Turnover Percent as of Jan 31, 2019 424%

Portfolio Characteristics

Portfolio Characteristics

Fund Standard Deviation (3y) as of Jan 31, 2019 0.00
Nominal WAL as of Jan 31, 2019 4.94 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Systematic Multi-Strategy Fund, Class C, as of Jan 31, 2019 rated against 278 Multialternative Funds.

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 Jan 31, 2019 out of 158, 4,622, 158, 29 and 158 Funds, respectively in Lipper's Alt Multi-Strategy Funds classification.

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2019

% of Market Value

Type Long Short Net
as of Jan 31, 2019

% of Market Value

Type Long Short Net
as of Jan 31, 2019

% of Market Value

Type Long Short Net
Allocations subject to change.
as of Jan 31, 2019

% of Market Value

Type Long Short Net
as of Jan 31, 2019

% 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

 

 

Scott Radell
Scott Radell
Jeffrey Rosenberg

   

Portfolio Manager

Literature

Literature

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