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BSTKX

Total Factor Fund

  • NAV as of Sep 22, 2023 $3.53
    52 WK: 3.52 - 9.24
  • 1 Day NAV Change as of Sep 22, 2023 0.01 (0.28%)
  • NAV Total Return as of Sep 22, 2023 YTD: 14.73%

Overview

About this Fund

1. A diversified engine for growth
2. More factors in more markets

Investment Approach

Invests in a broad range of global asset classes, such as equity securities, fixed and floating rate debt instruments, derivatives, other investment companies, including money market funds and exchange traded funds, real estate investment trusts and commodity-related instruments. The Fund employs a flexible approach to the relative weighting of each asset class.
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Performance

Performance

Growth of Hypothetical $10,000

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Cum. Fund Perf. Since Inception: 32.67

Distributions

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Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



  1y 3y 5y 10y
Total Return (%) 15.80 5.34 1.44 3.30
Benchmark (%) 3.60 1.28 1.55 0.99
Morningstar Category Avg. (%) 4.64 4.67 2.62 2.34
Morningstar Ranking 4/130 32/126 77/107 -
Morningstar Quartile 1 2 4 1
Lipper Ranking 1/157 46/151 118/147 -
Lipper Quartile 1 2 4 -
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 13.14 5.85 6.72 15.80 16.89 7.41 38.33
Benchmark (%) 2.25 0.46 1.17 3.60 3.88 8.02 10.31
Morningstar Category Avg. (%) 3.20 2.10 2.03 4.64 14.67 13.80 25.98
  2018 2019 2020 2021 2022
Total Return (%) -2.36 7.96 -15.29 16.73 -9.64
Benchmark (%) -3.78 2.28 0.67 0.05 1.47
Morningstar Category Avg. (%) -4.31 7.77 1.63 6.86 -2.07

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 performance information for periods prior to February 3, 2017, the commencement of operations of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses.

The Fund’s returns prior to February 2, 2017 are the returns of the Fund when it followed a different investment process and different investment strategies under the name “BlackRock Strategic Risk Allocation Fund.”

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

See the Fund’s prospectus for more details.

Key Facts

Key Facts

Size of Class (Millions) as of Sep 22, 2023 $3.0 M
Size of Fund (Millions) as of Sep 22, 2023 $19.0 M
Share Class launch date Feb 03, 2017
Asset Class MultiAsset
Morningstar Category Multistrategy
Lipper Classification Alt Global Macro Funds
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1) (4PM)
CUSIP 09258N380
Distribution Frequency None
Number of Holdings as of Aug 31, 2023 472
Max Offer Price as of Sep 22, 2023 $3.53
Open to New Investors Yes
Turnover Percent in the Annual Report 101.00%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

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 the research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as environmental aspects, human capital or management quality. As part of this research, the Fund manager may conduct due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered, where applicable, as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with 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 0.93%
Net Expense Ratio 0.51%

Net Expense Ratio excluding Investment Related Expenses is 0.50%

  • Acquired Fund Fees and Expenses 0.01%
  • 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 Aug 31, 2023 out of 151, 4,459, 151, 90 and 151 Funds, respectively in Lipper's Alt Global Macro Funds classification.

Holdings

Holdings

Name Weight (%) Shares Market Value
Detailed Holdings and Analytics
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 Aug 31, 2023

% of Market Value

Type Long Short 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

Philip Hodges
Philip Hodges
Head of Research, Factor-Based Strategies Group

  

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Philip Hodges, PhD, Managing Director, is Deputy CIO and Head of Research for BlackRock’s Factor-Based Strategies Group. He leads research for the team’s flagship factor strategies: Market Advantage and Style Advantage.

 

Dr. Hodges' service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Previously, Dr. Hodges has served as a research officer within the Client Solutions group in San Francisco and a quantitative analyst within the Liability Driven Investment team in London. Prior to joining BGI, Dr. Hodges was a post-doctoral research associate in physical chemistry at the University of Oxford and University Lyon I.

 

Dr. Hodges earned a MChem degree in chemistry and a D.Phil. in molecular spectroscopy from the University of Oxford in 2002 and 2006, respectively.

He Ren
He Ren
Portfolio Manager

Literature

Literature

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