Fixed Income

BIMBX

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 Incept.
3.91 5.70 6.18 - 4.91
Benchmark (%) 1.10 1.69 1.20 - 1.12
Morningstar Category Avg. (%) -1.20 0.70 1.66 2.20 -
Morningstar Ranking 60/268 13/239 9/180 - -
Morningstar Quartile 2 1 1 - -
Lipper Category Avg. (%) -0.54 0.45 1.36 2.31 -
Lipper Ranking 28/144 7/122 5/105 - -
Lipper Quartile 1 1 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
4.34 -0.68 0.10 3.91 18.10 34.96 - 29.36
Benchmark (%) 0.64 0.01 0.04 1.10 5.16 6.14 - 6.16
Morningstar Category Avg. (%) -2.89 -0.74 -0.47 -1.20 2.12 8.56 24.29 -
Lipper Category Avg. (%) -1.89 -0.80 2.38 -0.54 1.92 7.96 25.77 -
  2015 2016 2017 2018 2019
Total Return (%) - 5.91 9.89 1.84 8.43
Benchmark (%) - 0.33 0.86 1.87 2.28
Morningstar Category Avg. (%) -2.58 1.38 5.14 -4.03 7.58
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.

Key Facts

Key Facts

Size of Class (Millions) as of Nov 30, 2020 $2,779.5 M
Size of Fund (Millions) as of Nov 30, 2020 $2,950.7 M
Share Class launch date May 19, 2015
Asset Class Alternative
Morningstar Category Multialternative
Lipper Classification Alt Multi-Strategy Funds
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1)
CUSIP 09260C307
Distribution Frequency None
Number of Holdings as of Oct 30, 2020 2,080
Max Offer Price as of Nov 30, 2020 $10.13
Open to New Investors Yes
Turnover Percent in the Annual Report 442%

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield as of Oct 31, 2020 1.07%
Yield to Maturity as of Oct 30, 2020 2.20%
Yield to Worst as of Oct 30, 2020 2.13%
Fund Standard Deviation (3y) as of Nov 30, 2020 4.49
Unsubsidized 30-Day SEC Yield as of Oct 31, 2020 1.04%
Effective Duration as of Oct 30, 2020 2.93 yrs
Nominal WAL as of Oct 30, 2020 3.85 yrs
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 1.31%
Net Expense Ratio 0.97%

Net Expense Ratio excluding Investment Related Expenses is 0.95%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for Systematic Multi-Strategy Fund, Class Inst, as of Nov 30, 2020 rated against 251 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 Oct 31, 2020 out of 120, 4,467, 120, 67 and 120 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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