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Fixed Income

BMBCX

Systematic Multi-Strategy Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
7.43 5.62 - - 3.71
6.43 5.62 - - 3.71
Benchmark (%) Index: ICE BofAML 3 Month Treasury Bill Index (G0O1).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2019

2.28 1.67 - - 1.16
Morningstar Category Avg. (%) Multialternative

as of Dec 31, 2019

7.58 2.82 1.50 2.87 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

153/308 30/237 - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

3 1 - - -
Lipper Category Avg. (%) Alt Multi-Strategy Funds

as of Dec 31, 2019

7.09 2.02 1.35 2.70 -
Lipper Ranking Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

83/161 17/125 - - -
Lipper Quartile Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

3 1 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
7.43 -0.53 -0.73 7.43 17.83 - - 18.33
6.43 -1.50 -1.70 6.43 17.83 - - 18.33
Benchmark (%) Index: ICE BofAML 3 Month Treasury Bill Index (G0O1).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2019

2.28 0.14 0.46 2.28 5.09 - - 5.48
Morningstar Category Avg. (%) Multialternative

as of Dec 31, 2019

7.58 0.88 1.66 7.58 8.69 7.75 32.71 -
Lipper Category Avg. (%) Alt Multi-Strategy Funds

as of Dec 31, 2019

7.09 0.72 1.16 7.09 6.57 7.23 30.84 -
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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Jan 28, 2020 $0.3 M
Size of Fund (Millions) as of Jan 28, 2020 $533.7 M
Share Class launch date May 19, 2015
Asset Class Alternative
Morningstar Category Multialternative
Lipper Classification Alt Multi-Strategy Funds
Benchmark Index ICE BofAML 3 Month Treasury Bill Index (G0O1)
CUSIP 09260C208
Number of Holdings as of Dec 31, 2019 1,355
Max Offer Price as of Jan 28, 2020 $9.92
Open to New Investors Yes
Turnover Percent as of Dec 31, 2019 426%

Portfolio Characteristics

Portfolio Characteristics

Fund Standard Deviation (3y) as of Dec 31, 2019 -
Nominal WAL as of Dec 31, 2019 3.74 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Systematic Multi-Strategy Fund, Class C, as of Dec 31, 2019 rated against 237 Multialternative 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 Dec 31, 2019 out of 125, 4,665, 125, 19 and 125 Funds, respectively in Lipper's Alt Multi-Strategy Funds classification.

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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