Commodity

BCSAX

Commodity Strategies Fund ACTIVE

How To Buy
  • NAV as of Nov 30, 2020 $7.23
    52 WK: 5.08 - 7.33
  • 1 Day NAV Change as of Nov 30, 2020 -0.10 (-1.36%)
  • NAV Total Return as of Nov 30, 2020 YTD: 0.04%
  • Morningstar Rating
  • Fees as stated in the prospectus Expense Ratio: 1.40%
    Net Expense Ratio: 0.97%

Overview

Investment Approach

Invests in two strategies, approximately equally. One strategy focuses on commodity-linked derivatives, the other focuses on equity investments in commodity-related companies, including mining, energy and agricultural companies.
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Performance

Performance

Growth of Hypothetical $10,000

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Cum. Fund Perf. Since Inception: -27.24

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

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 Incept.
Total Return (%) 0.10 -1.72 2.55 - -3.32
Return w/ Sales Charge (%) -5.15 -3.48 1.45 - -3.89
Benchmark (%) -8.20 -4.18 -3.09 - -6.70
Morningstar Category Avg. (%) -9.41 -4.84 -2.65 -6.61 -
Morningstar Ranking 6/110 12/97 2/86 - -
Morningstar Quartile 1 1 1 - -
Lipper Category Avg. (%) -8.82 -4.26 -2.57 -6.45 -
Lipper Ranking 8/123 15/108 5/99 - -
Lipper Quartile 1 1 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) -5.36 -3.93 6.05 0.10 -5.09 13.42 - -26.16
Return w/ Sales Charge (%) -10.33 -8.98 0.48 -5.15 -10.07 7.46 - -30.04
Benchmark (%) -12.08 -3.35 9.07 -8.20 -12.01 -14.53 - -46.39
Morningstar Category Avg. (%) -12.14 -0.38 2.26 -9.41 -13.83 -12.58 -49.52 -
Lipper Category Avg. (%) -13.36 -2.85 8.13 -8.82 -11.95 -11.25 -47.54 -
  2015 2016 2017 2018 2019
Total Return (%) -25.19 22.97 8.01 -14.68 11.19
Benchmark (%) -24.66 11.77 1.70 -11.25 7.69
Morningstar Category Avg. (%) -23.99 12.16 3.66 -11.52 7.87
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.

Key Facts

Key Facts

Net Assets as of Nov 30, 2020 $39,641,026
Size of Fund (Millions) $225.7 M
Base Currency U.S. Dollar
Share Class launch date Oct 03, 2011
Asset Class Commodity
Domicile United States

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio as of Oct 30, 2020 15.33
P/B Ratio as of Oct 30, 2020 1.63
Average Market Cap (Millions) as of Oct 30, 2020 $ 37,718.3 M
Alpha (3y) as of Oct 31, 2020 0.16
R-Squared (3y) as of Oct 31, 2020 76.57
Beta (3y) as of Oct 31, 2020 0.97
Effective Duration as of Oct 30, 2020 0.11 yrs
Yield to Worst as of Oct 30, 2020 0.04%
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 16.37%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -23.31%
Fund Standard Deviation (3y) as of Oct 31, 2020 15.23
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.40%
Net Expense Ratio 0.97%

Net Expense Ratio excluding Investment Related Expenses is 0.97%

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

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for Commodity Strategies Fund, Class A, as of Nov 30, 2020 rated against 101 Commodities Broad Basket Funds based on risk adjusted total return.

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 Oct 31, 2020 out of 107, 12,117, 108, 37 and 108 Funds, respectively in Lipper's Commodities General classification.

Top Holdings

Holdings

Top Equity Holdings as of 31-October-2020

Name Fund Weight (%)
NEWMONT CORPORATION 1.91%
BARRICK GOLD CORP 1.70%
CHEVRON CORP 1.55%
ROYAL DUTCH SHELL PLC 1.12%
TOTAL SE 1.03%
RIO TINTO PLC 0.88%
BHP GROUP PLC 0.87%
GROCERY OUTLET HOLDING CORP 0.87%
FMC CORPORATION 0.85%
NESTLE SA 0.80%

*% of Market Value



Exposure Breakdowns

Exposure Breakdowns

Sectors as of 31-October-2020

Name Equity Exposure Commodity Index Related Instruments* Total Benchmark
Energy 11.18% 12.69% 23.86% 24.82%
Agriculture 19.43% 17.31% 36.74% 35.86%
Industrial Metals 12.95% 9.43% 22.38% 18.46%
Precious Metals 5.33% 11.69% 17.02% 20.87%
TOTAL 48.88% 51.12% 100.00% 100.00%

*this column reflects the sector exposures of the Bloomberg Commodity Benchmark. Please note that in practice, exposures may differ slightly due to enhanced index techniques.

% of Market Value

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Rob Shimell
Rob Shimell
Hannah Johnson
Hannah Johnson
Elliott Char
Elliott Char
Portfolio Manager
Read the Team's Commentary

Literature

Literature

 

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