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Name

As of 07/24/2024

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

BlackRock Real Estate Securities Fund

BCREX | Fund

$14.62

$270 M

2.34%

$0.35

2.13%

Vitals

YTD Return

1.6%

1 yr return

6.3%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

3.6%

Net Assets

$270 M

Holdings in Top 10

50.9%

52 WEEK LOW AND HIGH

$14.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.13%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 73.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/24/2024

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

BlackRock Real Estate Securities Fund

BCREX | Fund

$14.62

$270 M

2.34%

$0.35

2.13%

BCREX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.16%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BlackRock Real Estate Securities Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 28, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Howard-Johnson

Fund Description

Under normal conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry inside the United States. An issuer is primarily engaged in or related to the real estate industry if it derives at least 50% of its gross revenues or net profits from the ownership, development, construction, financing, management or sale of commercial, industrial or residential real estate or interests therein or has 50% of its assets in real estate or real estate interests. The Fund may invest up to 20% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry outside the United States and fixed-income investments, such as government, corporate and bank debt obligations.
Real estate industry companies may include real estate investment trusts (“REITs”), REIT-like structures, or real estate operating companies whose businesses and services are related to the real estate industry. The Fund primarily buys common stock but also can invest in preferred stock and convertible securities.
The Fund concentrates its investments in securities of issuers in the real estate industry.
The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended.
Read More

BCREX - Performance

Return Ranking - Trailing

Period BCREX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -10.2% 9.2% 58.78%
1 Yr 6.3% -13.7% 14.4% 35.88%
3 Yr -2.2%* -13.4% 8.7% 65.63%
5 Yr 3.6%* -12.0% 14.5% 55.60%
10 Yr 5.7%* -2.4% 13.8% 38.71%

* Annualized

Return Ranking - Calendar

Period BCREX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -17.6% 24.6% 26.44%
2022 -30.5% -51.3% 2.7% 48.08%
2021 43.3% -7.7% 52.3% 5.88%
2020 -6.4% -42.2% 35.0% 29.34%
2019 25.2% -0.8% 43.1% 14.16%

Total Return Ranking - Trailing

Period BCREX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -10.2% 9.2% 58.78%
1 Yr 6.3% -13.7% 14.4% 35.88%
3 Yr -2.2%* -13.4% 8.7% 65.63%
5 Yr 3.6%* -12.0% 14.5% 55.60%
10 Yr 5.7%* -2.4% 13.8% 38.71%

* Annualized

Total Return Ranking - Calendar

Period BCREX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -14.0% 25.0% 36.78%
2022 -27.8% -40.7% 7.8% 76.92%
2021 44.8% 7.8% 54.6% 16.86%
2020 -5.2% -36.6% 44.3% 54.55%
2019 26.5% 3.4% 46.4% 55.79%

NAV & Total Return History

BCREX - Holdings

Concentration Analysis

BCREX Category Low Category High BCREX % Rank
Net Assets 270 M 2.26 M 61.4 B 50.79%
Number of Holdings 40 22 511 42.37%
Net Assets in Top 10 137 M 655 K 28.4 B 56.11%
Weighting of Top 10 50.88% 13.3% 86.8% 72.90%

Top 10 Holdings

  1. American Tower Corp 7.32%
  2. Equinix Inc 6.64%
  3. Prologis Inc 6.22%
  4. Welltower Inc 5.85%
  5. Extra Space Storage Inc 5.01%
  6. VICI Properties Inc 4.40%
  7. AvalonBay Communities Inc 4.36%
  8. Agree Realty Corp 3.81%
  9. Rexford Industrial Realty Inc 3.80%
  10. Regency Centers Corp 3.48%

Asset Allocation

Weighting Return Low Return High BCREX % Rank
Stocks 		96.69% 0.00% 108.92% 75.57%
Cash 		3.30% -42.50% 20.18% 14.12%
Other 		0.00% -91.92% 109.04% 26.72%
Preferred Stocks 		0.00% 0.00% 31.13% 54.20%
Convertible Bonds 		0.00% 0.00% 10.95% 49.43%
Bonds 		0.00% -3.17% 161.71% 52.29%

Stock Sector Breakdown

Weighting Return Low Return High BCREX % Rank
Real Estate 		96.45% 34.46% 100.00% 79.84%
Communication Services 		2.04% 0.00% 11.61% 2.42%
Consumer Cyclical 		1.52% 0.00% 45.29% 20.97%
Utilities 		0.00% 0.00% 3.55% 47.58%
Technology 		0.00% 0.00% 12.02% 61.69%
Industrials 		0.00% 0.00% 7.39% 52.02%
Healthcare 		0.00% 0.00% 0.53% 48.39%
Financial Services 		0.00% 0.00% 37.05% 53.23%
Energy 		0.00% 0.00% 33.11% 48.79%
Consumer Defense 		0.00% 0.00% 0.93% 47.18%
Basic Materials 		0.00% 0.00% 13.69% 51.21%

Stock Geographic Breakdown

Weighting Return Low Return High BCREX % Rank
US 		96.18% 0.00% 108.92% 71.76%
Non US 		0.51% 0.00% 37.71% 10.31%

BCREX - Expenses

Operational Fees

BCREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.13% 0.07% 28.75% 18.92%
Management Fee 0.75% 0.00% 1.50% 53.82%
12b-1 Fee 1.00% 0.00% 1.00% 85.94%
Administrative Fee N/A 0.01% 0.45% 20.93%

Sales Fees

BCREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 39.39%

Trading Fees

BCREX 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.

BCREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 0.11% 380.00% 73.66%

BCREX - Distributions

Dividend Yield Analysis

BCREX Category Low Category High BCREX % Rank
Dividend Yield 2.34% 0.00% 13.03% 68.32%

Dividend Distribution Analysis

BCREX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

BCREX Category Low Category High BCREX % Rank
Net Income Ratio 0.16% -1.14% 6.05% 88.03%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BCREX - Fund Manager Analysis

Managers

Mark Howard-Johnson

Start Date

Tenure

Tenure Rank

Sep 28, 2012

9.68

9.7%

Mark Howard-Johnson, Managing Director of BlackRock, Inc. and Global Head of the Real Estate Securities Team since May 2012; Chief Investment Officer for the Real Estate Securities Group of Building and Land Technology from January 2012 to May 2012; Managing Principal for Occom Capital Partners, LLC from 2009 to 2011; Global Head and Chief Investment Officer of the Real Estate Securities Team at Goldman Sachs Asset Management from 1998 to 2009.

Rajan Rehan

Start Date

Tenure

Tenure Rank

Apr 24, 2017

5.1

5.1%

Rajan Rehan, Director of Blackrock, is jointly and primarily responsible for the day-to-day management of the Fund, including setting the Fund's overall investment strategy and overseeing the management of the Fund. He has 13 years of real estate investment experience, both in private equity and listed securities. Prior to joining BlackRock in 2013, Rajan was a founding and senior member of the Global Real Estate Securities team at Aviva Investors, he was responsible for the U.S. and broader Americas portfolios. Rajan has a first class honours, BSc degree in Economics from the University of Warwick. He is a Chartered Financial Analyst charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.12 2.68

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