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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.14

$6.66 B

0.00%

1.21%

Vitals

YTD Return

3.2%

1 yr return

9.9%

3 Yr Avg Return

2.9%

5 Yr Avg Return

3.4%

Net Assets

$6.66 B

Holdings in Top 10

10.9%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.14

$6.66 B

0.00%

1.21%

BAMBX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BlackRock Systematic Multi-Strategy Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    May 19, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tom Parker

Fund Description

BlackRock will invest the Fund’s assets through a diversified set of strategies that seek to provide total return comprised of current income and capital appreciation in both periods of strong returns and periods of market stress. The Fund intends to allocate its investments across multiple investment strategies, certain of which will use both long and short positions, which the Fund expects to result in a lower correlation to the equity or fixed-income markets than if the Fund invested in either such market in its entirety. BlackRock will allocate the Fund’s assets across the following three broad strategies: (i) core allocation across the fixed-income and equity markets; (ii) long/short macro strategies; and (iii) long/short alpha strategies. In addition, a portion of the Fund’s assets may be managed pursuant to quantitative model-based strategies.
The Fund seeks to achieve its investment objective by investing in a range of global asset classes, with a focus on fixed and floating rate debt securities and equity securities. The Fund may invest directly in securities or instruments, through derivatives or by investing in other investment companies, including exchange traded funds (“ETFs”). The Fund will have flexibility with respect to its asset allocation and intends to diversify its exposure across a variety of global asset classes and strategies.
The Fund will normally invest in both U.S. and non-U.S. securities, including securities of companies located in emerging markets. The Fund may invest in non-U.S. dollar denominated investments, including investments denominated in European and Asian currencies and in other non-U.S. and emerging market currencies. The Fund may have significant exposure to foreign currencies. The Fund’s investments in non-U.S. dollar based assets may be made on a currency hedged or unhedged basis.
The Fund’s investment in debt securities may include U.S. Government and agency securities, foreign government and supranational debt securities, corporate bonds, mortgage-related securities and asset-backed securities, mortgage to-be-announced (“TBA”) securities, emerging market debt securities, preferred securities, structured products, credit-linked notes, mezzanine securities, senior secured floating rate and fixed rate loans or debt, second lien or other subordinated or unsecured floating rate and fixed rate loans or debt, convertible debt securities, and derivatives with similar economic characteristics. The Fund may invest in fixed, variable and floating rate instruments, including participations and assignments, of any duration or maturity.
The Fund may invest in debt securities of any credit quality, as determined by Fund management, which may include investment grade securities and high yield securities, including unrated securities (commonly called “junk bonds”).
The Fund’s investment in equity securities may include common stock, preferred stock, securities convertible into common stock, including contingent convertible bonds which are securities convertible into equity if a pre-specified trigger event occurs, and non-convertible preferred stock. The Fund may gain exposure to equity securities through derivatives.
The Fund may invest in derivatives, including but not limited to, swaps, including total return (some of which may be referred to as contracts for difference), credit default, index and interest rate swaps; options; forward contracts; futures; options on futures and swaps; and foreign exchange transactions, for hedging purposes, as well as to enhance returns. There is no limit to the Fund’s ability to invest in derivatives, except as may be limited by the requirements of the Investment Company Act of 1940, as amended (the “Investment Company Act”), and at times the Fund may utilize derivatives to a significant extent. The Fund may utilize derivative instruments to maintain a portion of its portfolio long and short positions. The Fund may also invest in repurchase agreements, reverse repurchase agreements and dollar rolls. The Fund may also invest in indexed and inverse securities.
The Fund may purchase and sell securities on a when-issued, delayed delivery or forward commitment basis.
The Fund may engage in short sales for hedging purposes or to enhance total return. The Fund also may make short sales “against the box” without limitation. In this type of short sale, at the time of the sale, the Fund owns or has the immediate and unconditional right to acquire the identical security at no additional cost.
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BAMBX - Performance

Return Ranking - Trailing

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -73.0% 19.4% 55.20%
1 Yr 9.9% -9.1% 86.9% 71.27%
3 Yr 2.9%* -9.5% 16.2% 29.32%
5 Yr 3.4%* -4.9% 14.4% 19.28%
10 Yr N/A* -0.9% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -22.7% 305.1% 47.41%
2022 -7.6% -9.8% 27.3% 56.05%
2021 3.4% -20.8% 10.9% N/A
2020 2.2% -12.4% 29.4% N/A
2019 4.3% -10.5% 15.8% N/A

Total Return Ranking - Trailing

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -73.0% 19.4% 55.20%
1 Yr 9.9% -13.4% 86.9% 79.64%
3 Yr 2.9%* -9.5% 16.2% 48.59%
5 Yr 3.4%* -5.3% 14.4% 30.94%
10 Yr N/A* -0.9% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -22.7% 305.1% 47.41%
2022 -3.2% -9.8% 27.3% 56.45%
2021 5.8% -20.8% 10.9% N/A
2020 3.3% -8.4% 29.4% N/A
2019 8.2% -10.2% 18.0% N/A

NAV & Total Return History


BAMBX - Holdings

Concentration Analysis

BAMBX Category Low Category High BAMBX % Rank
Net Assets 6.66 B 1.5 M 5.01 B 1.85%
Number of Holdings 1949 4 4478 2.83%
Net Assets in Top 10 725 M -398 M 2.55 B 4.95%
Weighting of Top 10 10.89% 13.1% 100.0% 89.45%

Top 10 Holdings

  1. TRS:SMS Bond Informed Equity L/S - Citi CFD 1.36%
  2. Uniform Mortgage-Backed Security, TBA 1.36%
  3. TRS:SMS Bond Informed Equity L/S - GS CFD 1.25%
  4. TRS:SMS Defensive Equity L/S - BNP CFD 1.24%
  5. Uniform Mortgage-Backed Security, TBA 1.10%
  6. Freddie Mac STACR REMIC Trust 2021-DNA6 0.98%
  7. Freddie Mac STACR REMIC Trust 2021-DNA7 0.91%
  8. Ginnie Mae 0.90%
  9. TRS:SMS Defensive Equity L/S - Citi CFD 0.90%
  10. Uniform Mortgage-Backed Security, TBA 0.88%

Asset Allocation

Weighting Return Low Return High BAMBX % Rank
Bonds
93.63% -326.45% 6347.80% 9.54%
Stocks
10.56% -3.75% 97.95% 78.09%
Other
5.50% -21.53% 148.54% 78.09%
Convertible Bonds
2.29% 0.00% 87.92% 18.02%
Cash
0.14% -6278.21% 410.43% 67.14%
Preferred Stocks
0.00% -0.12% 46.97% 60.42%

Stock Sector Breakdown

Weighting Return Low Return High BAMBX % Rank
Consumer Cyclical
18.73% 0.00% 29.09% 12.20%
Healthcare
13.98% 0.00% 45.63% 24.02%
Energy
11.17% 0.00% 100.00% 7.87%
Technology
10.97% 0.00% 39.58% 94.09%
Industrials
8.80% 0.00% 21.45% 9.45%
Consumer Defense
8.01% 0.00% 13.62% 6.30%
Real Estate
6.47% 0.00% 51.26% 24.80%
Financial Services
6.32% 0.00% 59.28% 86.61%
Communication Services
5.56% 0.00% 21.78% 95.28%
Basic Materials
5.12% 0.00% 27.46% 22.05%
Utilities
4.87% 0.00% 9.23% 4.33%

Stock Geographic Breakdown

Weighting Return Low Return High BAMBX % Rank
US
10.56% -8.85% 91.88% 62.54%
Non US
0.00% -19.62% 42.11% 91.17%

Bond Sector Breakdown

Weighting Return Low Return High BAMBX % Rank
Securitized
32.30% 0.00% 56.83% 6.01%
Corporate
26.51% 0.00% 87.73% 17.67%
Derivative
3.40% 0.00% 88.81% 85.51%
Government
0.15% 0.00% 84.29% 81.27%
Cash & Equivalents
0.14% 0.27% 100.00% 60.07%
Municipal
0.00% 0.00% 27.33% 52.30%

Bond Geographic Breakdown

Weighting Return Low Return High BAMBX % Rank
US
93.63% -126.19% 6311.18% 7.77%
Non US
0.00% -382.37% 121.02% 52.65%

BAMBX - Expenses

Operational Fees

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.29% 31.15% 74.82%
Management Fee 0.73% 0.00% 2.50% 31.45%
12b-1 Fee 0.25% 0.00% 1.00% 40.54%
Administrative Fee 0.06% 0.01% 0.30% 5.48%

Sales Fees

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.50% 5.75% 88.46%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 491.00% 98.05%

BAMBX - Distributions

Dividend Yield Analysis

BAMBX Category Low Category High BAMBX % Rank
Dividend Yield 0.00% 0.00% 4.56% 39.22%

Dividend Distribution Analysis

BAMBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

BAMBX Category Low Category High BAMBX % Rank
Net Income Ratio 0.81% -2.51% 6.83% 24.46%

Capital Gain Distribution Analysis

BAMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BAMBX - Fund Manager Analysis

Managers

Tom Parker


Start Date

Tenure

Tenure Rank

May 19, 2015

7.04

7.0%

Managing Director of BlackRock, Inc. since 2009; Chief Investment Officer of BlackRock’s Systematic Fixed Income Group since 2015;Deputy Chief Investment Officer of BlackRock’s Model-Based Fixed Income Portfolio Management Group since 2010; Co-Head of Credit Investments and Member of the Fixed Income Research Approval Committee of Barclays Global Investors (“BGI”) from 2001 to 2009.

Scott Radell


Start Date

Tenure

Tenure Rank

May 19, 2015

7.04

7.0%

Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.

Jeffrey Rosenberg


Start Date

Tenure

Tenure Rank

Oct 01, 2018

3.67

3.7%

Jeffrey Rosenberg, CFA. Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio since 2018, including setting the Fund’s overall investment strategy and overseeing the management of the Fund Managing Director of BlackRock, Inc. since 2011; Chief Fixed Income Strategist and member of the BlackRock Investment Institute since 2016; Chief Investment Strategist for Fundamental Fixed Income at BlackRock since 2011; Chief Credit Strategist at Bank of America Merrill Lynch from 2002 to 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 17.37 4.48 1.67