Fixed Income

BIMBX

Systematic Multi-Strategy Fund

Overview

Loading

Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
  1y 3y 5y 10y Incept.
6.44 3.13 4.26 - 4.05
Benchmark (%) 5.02 2.16 1.88 - 1.45
Morningstar Category Avg. (%) 6.24 3.67 4.13 - -
Morningstar Ranking 46/130 43/121 34/105 - -
Morningstar Quartile 2 2 2 - -
Lipper Category Avg. (%) 5.14 2.22 3.44 - -
Lipper Ranking 28/119 31/110 32/95 - -
Lipper Quartile 1 2 2 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
6.44 2.03 4.42 6.44 9.69 23.19 - 40.85
Benchmark (%) 5.02 0.47 1.37 5.02 6.61 9.77 - 13.21
Morningstar Category Avg. (%) 6.24 1.01 1.82 6.24 11.43 22.40 - -
Lipper Category Avg. (%) 5.14 1.33 2.04 5.14 7.09 19.02 - -
  2019 2020 2021 2022 2023
Total Return (%) 8.43 3.57 6.19 -2.95 6.44
Benchmark (%) 2.28 0.67 0.05 1.47 5.02
Morningstar Category Avg. (%) 7.77 1.63 6.86 -2.07 6.24

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 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.

 

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.

Systematic Fixed Income Outlook

Read the Systematic Fixed Income team’s latest market views.
Systematic Multi-Strategy

Key Facts

Key Facts

Size of Class (Millions) as of Mar 01, 2024 $6,158.4 M
Size of Fund (Millions) as of Mar 01, 2024 $6,648.7 M
Share Class launch date May 19, 2015
Asset Class Alternative
Morningstar Category Multistrategy
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 Jan 31, 2024 1,852
Max Offer Price as of Mar 01, 2024 $10.01
Open to New Investors Yes
Turnover Percent in the Annual Report 847%

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield as of Jan 31, 2024 4.97%
Yield to Maturity as of Jan 31, 2024 5.90%
Yield to Worst as of Jan 31, 2024 5.84%
Fund Standard Deviation (3y) as of Jan 31, 2024 4.16
Unsubsidized 30-Day SEC Yield as of Jan 31, 2024 4.97%
Effective Duration as of Jan 31, 2024 2.19 yrs
Nominal WAL as of Jan 31, 2024 4.69 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. The Fund manager has developed internal research signals to help evaluate corporate issuers on climate, governance and human capital issues. ESG information may be sourced from both internal and external sources. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion, where appropriate, 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 0.94%
Net Expense Ratio 0.94%

Net Expense Ratio excluding Investment Related Expenses is 0.93%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Systematic Multi-Strategy Fund, Class Inst, as of Feb 29, 2024 rated against 121 Multistrategy 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 Jan 31, 2024 out of 110, 4,585, 110, 70 and 110 Funds, respectively in Lipper's Alt Multi-Strategy Funds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. (Effective Mar 14, 2023)

Holdings

Holdings

Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Portfolio Managers

Portfolio Managers

Tom Parker
Chief Investment Officer, BlackRock Systematic Fixed Income

 

 

Chad Meuse
Head of Equity Capital Structure, Systematic Fixed Income

    

Scott Radell
Managing Director, Systematic Fixed Income

  

Jeffrey Rosenberg, CFA
Managing Director, Systematic Fixed Income

   

Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio