Equity

BIBFX

U.S. Impact 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.
-11.31 - - - 15.84
Benchmark (%) 6.92 - - - 25.59
Morningstar Category Avg. (%) -18.61 - - - -
Morningstar Ranking 506/584 - - - -
Morningstar Quartile 4 - - - -
Lipper Ranking 631/647 - - - -
Lipper Quartile 4 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
-9.39 3.84 -9.39 -11.31 - - - 29.35
Benchmark (%) -5.68 2.56 -5.68 6.92 - - - 48.99
Morningstar Category Avg. (%) -22.19 -11.25 -11.24 -18.61 - - - -
  2017 2018 2019 2020 2021
Total Return (%) - - - - -3.41
Benchmark (%) - - - - 22.58
Morningstar Category Avg. (%) - - - - 13.05
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 Fund (Millions) as of May 20, 2022 $5.4 M
Share Class launch date Jun 30, 2020
Size of Class (Millions) as of May 20, 2022 $0.1 M
Asset Class Equity
Morningstar Category Mid-Cap Growth
Lipper Classification Multi-Cap Core Funds
Benchmark Index Russell MidCap Index
Distribution Frequency Annual
Number of Holdings as of Apr 29, 2022 33
CUSIP 09260J203
Max Offer Price as of May 20, 2022 $8.25
Open to New Investors Yes
Turnover Percent in the Annual Report as of Apr 30, 2021 98%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of Apr 29, 2022 3.99
P/E Ratio - Forward as of Apr 29, 2022 26.90
Alpha (3y) as of - -
Average Market Cap (Millions) as of Apr 29, 2022 $ 37,830.5 M
R-Squared (3y) as of - -
Fund Standard Deviation (3y) as of - -
Beta (3y) as of - -
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Apr 07, 2022 A
MSCI ESG % Coverage as of Apr 07, 2022 95.95%
MSCI ESG Quality Score (0-10) as of Apr 07, 2022 6.3
MSCI ESG Quality Score - Peer Percentile as of Apr 07, 2022 6.36%
Fund Lipper Global Classification as of Apr 07, 2022 Equity US
Funds in Peer Group as of Apr 07, 2022 3,458
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Apr 07, 2022 35.61
MSCI Weighted Average Carbon Intensity % Coverage as of Apr 07, 2022 92.55%
All data is from MSCI ESG Fund Ratings as of Apr 07, 2022, based on holdings as of Sep 30, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% 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. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Apr 29, 2022 0.00%
MSCI - UN Global Compact Violators as of Apr 29, 2022 0.00%
MSCI - Nuclear Weapons as of Apr 29, 2022 0.00%
MSCI - Thermal Coal as of Apr 29, 2022 0.00%
MSCI - Civilian Firearms as of Apr 29, 2022 0.00%
MSCI - Oil Sands as of Apr 29, 2022 0.00%
MSCI - Tobacco as of Apr 29, 2022 0.00%

Business Involvement Coverage as of Apr 29, 2022 98.30%
Percentage of Fund not covered as of Apr 29, 2022 1.70%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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.


In addition to the investment process described in the Fund documentation, the Fund manager also considers ESG criteria during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from BlackRock’s internal ESG research, third-party data providers, and engagement with company management. The Fund manager incorporates exposures to material environmental, social and governance risks, and uses BlackRock’s internal business involvement and controversy flags, among other tools, to filter the investable universe. The Fund manager utilizes regular meetings with company management and site visits to address any outstanding ESG concerns. All the above is recorded as independent ESG commentary in a dedicated section of internal stock reports as well as in analysts’ company meeting notes. ESG discussion is a necessary, essential, and mandatory part of the team’s regular security presentations, Risk and Quantitative Analysis group reviews, portfolio attribution reviews, daily team meetings, and reviews with the Chief Investment Officers.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.43%
Net Expense Ratio 0.86%

Net Expense Ratio excluding Investment Related Expenses is 0.85%

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

Ratings

Holdings

Holdings

as of Apr 29, 2022
Name Weight (%)
ROYALTY PHARMA PLC 8.00
ZOETIS INC 8.00
BROOKFIELD RENEWABLE CORP 6.49
DANAHER CORPORATION 6.24
VEEVA SYSTEMS INC 6.17
Name Weight (%)
BOSTON SCIENTIFIC CORPORATION 5.96
BALL CORPORATION 5.89
JACK HENRY & ASSOCIATES INC. 4.75
GROCERY OUTLET HOLDING CORP 4.47
ICF INTERNATIONAL INC 4.34

Exposure Breakdowns

Exposure Breakdowns

as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
as of Apr 29, 2022

% of Market Value

Type Fund Benchmark Net
as of Apr 29, 2022

% 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

Eric Rice
Head of Active Equities Impact Investing
Sheetal Prasad
Sheetal Prasad
Portfolio Manager

Literature

Literature

 

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