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BSTCX

Total Factor Fund

How To Buy
  • NAV as of Jun 09, 2023 $8.43
    52 WK: 7.71 - 8.51
  • 1 Day NAV Change as of Jun 09, 2023 0.03 (0.36%)
  • NAV Total Return as of Jun 09, 2023 YTD: 8.51%

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: 12.97

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
Total Return (%) 2.95 1.59 -0.99 0.87
Return w/ Sales Charge (%) 1.99 1.59 -0.99 0.87
Benchmark (%) 2.52 0.89 1.41 0.87
Morningstar Category Avg. (%) -0.43 5.10 1.83 2.17
Morningstar Ranking 33/137 112/128 102/111 44/45
Morningstar Quartile 2 4 4 4
Lipper Category Avg. (%) -3.66 6.55 2.28 2.47
Lipper Ranking 29/161 149/154 137/148 110/119
Lipper Quartile 1 4 4 4
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 5.81 2.62 5.81 2.95 4.83 -4.84 9.04
Return w/ Sales Charge (%) 4.81 1.62 4.81 1.99 4.83 -4.84 9.04
Benchmark (%) 1.07 0.43 1.07 2.52 2.71 7.25 9.07
Morningstar Category Avg. (%) 1.01 -0.63 1.01 -0.43 16.10 9.49 23.98
Lipper Category Avg. (%) 2.81 0.88 2.81 -3.66 21.31 12.55 31.24
  2018 2019 2020 2021 2022
Total Return (%) -3.39 6.82 -16.14 15.65 -10.77
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 Fund’s returns prior to February 2, 2017 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Strategic Risk Allocation 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 09, 2023 $0.2 M
Size of Fund (Millions) as of Jun 09, 2023 $208.6 M
Share Class launch date Dec 27, 2012
Asset Class MultiAsset
Morningstar Category Multistrategy
Lipper Classification Alt Global Macro Funds
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1) (4PM)
CUSIP 091936492
Distribution Frequency Annual
Number of Holdings as of May 31, 2023 1,456
Max Offer Price as of Jun 09, 2023 $8.43
Open to New Investors Yes
Turnover Percent in the Annual Report 101%

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 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 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 human capital or management quality. As part of this research, the Fund manager conducts due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered 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 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 2.23%
Net Expense Ratio 1.56%

Net Expense Ratio excluding Investment Related Expenses is 1.55%

  • 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 May 31, 2023 out of 152, 4,413, 152, 27 and 152 Funds, respectively in Lipper's Alt Global Macro Funds classification.

Exposure Breakdowns

Exposure Breakdowns

as of May 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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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694