Fixed Income

BKMBX

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
Benchmark (%) 0.12 1.49 1.19 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Benchmark (%) 0.03 0.01 0.03 0.12 4.55 6.09 - 6.22
Performance data is not currently available
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 Jun 11, 2021 $5.2 M
Size of Fund (Millions) as of Jun 11, 2021 $5,498.1 M
Share Class launch date Sep 29, 2020
Asset Class Alternative
Morningstar Category -
Lipper Classification Alt Multi-Strategy Funds
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1) (4PM)
CUSIP 09260C851
Distribution Frequency -
Number of Holdings as of May 28, 2021 2,424
Max Offer Price as of Jun 11, 2021 $10.52
Open to New Investors No

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield as of Apr 30, 2021 1.00%
Yield to Maturity as of May 28, 2021 2.21%
Yield to Worst as of May 28, 2021 2.08%
Fund Standard Deviation (3y) as of - -
Unsubsidized 30-Day SEC Yield as of Apr 30, 2021 0.99%
Effective Duration as of May 28, 2021 2.71 yrs
Nominal WAL as of May 28, 2021 3.56 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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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 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 1.02%
Net Expense Ratio 0.90%

Net Expense Ratio excluding Investment Related Expenses is 0.87%

  • Acquired Fund Fees and Expenses 0.03%
  • Interest expense 0.00%

Ratings

Portfolio Managers

Portfolio Managers

Tom Parker
Chief Investment Officer, BlackRock Systematic Fixed Income

 

 

Scott Radell
Head of Core Portfolio Management, Systematic Fixed Income

  

Jeffrey Rosenberg
Sr. Portfolio Manager, Systematic Fixed Income

   

Portfolio Manager

Literature

Literature

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