Real Estate

BCREX

Real Estate Securities 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.
-14.71 2.24 4.44 - 6.17
-15.55 2.24 4.44 - 6.17
Benchmark (%) -18.14 0.16 3.90 - 5.94
Morningstar Category Avg. (%) -17.24 0.49 2.67 7.10 -
Morningstar Ranking 171/236 113/213 108/188 - -
Morningstar Quartile 3 2 3 - -
Lipper Category Avg. (%) -11.83 2.01 4.52 7.88 -
Lipper Ranking 178/251 114/223 108/195 - -
Lipper Quartile 3 3 3 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
-14.29 -3.67 1.29 -14.71 6.86 24.25 - 61.45
-15.14 -4.63 0.29 -15.55 6.86 24.25 - 61.45
Benchmark (%) -17.49 -3.36 1.34 -18.14 0.47 21.06 - 58.73
Morningstar Category Avg. (%) -16.49 -2.72 -4.55 -17.24 1.48 14.10 98.47 -
Lipper Category Avg. (%) -12.30 -2.56 2.56 -11.83 6.64 25.53 115.58 -
  2015 2016 2017 2018 2019
Total Return (%) 2.64 6.65 5.05 -3.88 26.50
Benchmark (%) 3.04 7.55 3.91 -3.87 24.34
Morningstar Category Avg. (%) 2.41 6.89 6.22 -5.97 27.28
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

Size of Class (Millions) as of Nov 24, 2020 $2.2 M
Size of Fund (Millions) as of Nov 24, 2020 $253.8 M
Share Class launch date Sep 28, 2012
Asset Class Alternative
Morningstar Category Real Estate
Lipper Classification Real Estate Funds
Benchmark Index MSCI U.S. REIT Index - Net TR USD
CUSIP 091936591
Distribution Frequency Quarterly
Number of Holdings as of Oct 30, 2020 36
Max Offer Price as of Nov 24, 2020 $13.25
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 63%

Portfolio Characteristics

Portfolio Characteristics

P/CF Ratio as of Oct 30, 2020 13.49
P/B Ratio as of Oct 30, 2020 1.90
Average Market Cap (Millions) as of Oct 30, 2020 $ 24,412.9 M
Alpha (3y) as of Jun 30, 2020 0.19
R-Squared (3y) as of Jun 30, 2020 97.94
Beta (3y) as of Jun 30, 2020 0.89
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 16.62%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -24.22%
Fund Standard Deviation (3y) as of Jun 30, 2020 17.69
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 2.50%
Net Expense Ratio 1.76%

Net Expense Ratio excluding Investment Related Expenses is 1.75%

  • 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 Oct 31, 2020 out of 223, 12,117, 223, 40 and 223 Funds, respectively in Lipper's Real Estate Funds classification.

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
PROLOGIS INC 11.16
EQUINIX INC 9.57
DIGITAL REALTY TRUST INC 5.61
EXTRA SPACE STORAGE INC 4.60
MID-AMERICA APARTMENT COMMUNITIES INC 4.40
Name Weight (%)
REXFORD INDUSTRIAL REALTY INC 4.25
WELLTOWER INC 3.83
VICI PROPERTIES INC 3.65
EQUITY RESIDENTIAL 3.50
SUN COMMUNITIES INC 3.43

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark 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

Mark Howard-Johnson, CFA
Managing Director, Global Head of Global Real Estate Securities

     

Rajan Rehan, CFA
Portfolio Manager with the Global Real Assets Securities Group

  

Portfolio Manager

Literature

Literature

 

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