Continue to site >
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

$8.08

$652 M

1.71%

$0.14

1.80%

Vitals

YTD Return

3.7%

1 yr return

1.5%

3 Yr Avg Return

3.6%

5 Yr Avg Return

8.0%

Net Assets

$652 M

Holdings in Top 10

51.1%

52 WEEK LOW AND HIGH

$8.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.80%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 58.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 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

$8.08

$652 M

1.71%

$0.14

1.80%

BCSCX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Commodity Strategies Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Oct 03, 2011
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Shimell

Fund Description

The Fund utilizes two strategies and under normal circumstances expects to invest approximately 50% of its total assets in each strategy; provided, however, that from time to time, Fund management may alter the weightings if it deems it prudent to do so based on market conditions, trends or movements or other similar factors.
One strategy focuses on investments in commodity-linked derivatives. To meet coverage and collateral requirements associated with these derivative investments, and to invest excess cash, the Fund holds a portion of its portfolio in investment-grade short-term fixed-income securities. The other strategy focuses on equity investments in commodity-related companies, including, but not limited to, companies operating in the mining, energy and agricultural sectors. The Fund invests in equity securities of such companies in order to complement the commodity exposures achieved through investments in commodity-linked derivatives. Taken together, these two strategies offer broad exposure to global commodities market trends across asset classes, industries, sectors, and regions.
Commodities are assets that have tangible properties, such as oil and other energy products, metals, and agricultural products. Commodity-linked derivative instruments include, but are not limited to, commodity-linked notes, swap agreements, commodity options, futures and options on futures, that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities.
Commodity-related companies include, but are not limited to, companies in commodities, natural resources and energy businesses and in associated businesses and companies that provide services or have exposure to such businesses (collectively, the “Commodities Sector”). These companies include, without limitation, companies engaged in the exploration, ownership, production, refinement, processing, transportation, distribution or marketing of commodities, companies that use commodities extensively in their products and companies that provide technology and services to commodity-related companies. This includes companies that are engaged in businesses such as integrated oil, oil and gas exploration and production, energy services and technology, chemicals and oil products, coal and other consumable fuel, gold and precious metals, metals and minerals, forest products, agricultural chemicals and services, farm land, alternative energy sources, environmental services and agricultural products (including crop growers, owners of plantations, and companies that produce and process foods), as well as related transportation companies, equipment manufacturers, service providers and engineering, procurement and construction (“EPC”) companies.
The Fund may make investments directly or through investments in the Subsidiary, a wholly-owned subsidiary of the Fund formed in the Cayman Islands. The Subsidiary is managed by BlackRock and has the same investment objective as the Fund. The assets of the Subsidiary are subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the Fund, except that the Subsidiary does not invest in equity securities of commodity-related companies, and may invest without limitation in commodity-linked derivative instruments. The Fund will not invest more than 25% of its total assets (measured at the time of investment) in the Subsidiary.
The Fund manages the term structure of its commodity-linked derivative positions and has the flexibility to gain exposure to futures maturities which differ from those in the Fund’s benchmark, the Bloomberg Commodity Index Total ReturnSM. This is done in an effort to achieve efficient investment results and minimize any adverse effects on returns caused by commodity term structures.
Equity securities held by the Fund may include common stocks, preferred stocks, convertible securities, warrants, depositary receipts, and other instruments whose price is linked to the value of common stock, and equity interests in master limited partnerships. In addition, the Fund may also invest in fixed-income instruments (of any credit quality and any duration) of commodity-related companies.
There are no restrictions on investment in terms of geography or market capitalization. As such, the Fund may invest in both U.S. and non-U.S. companies, including companies located in emerging markets, and in securities denominated in both U.S. dollars and foreign currencies.
Read More

BCSCX - Performance

Return Ranking - Trailing

Period BCSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -18.8% 24.2% 90.91%
1 Yr 1.5% -37.2% 22.1% 85.61%
3 Yr 3.6%* -32.1% 291.5% 86.92%
5 Yr 8.0%* -24.6% 135.5% 65.87%
10 Yr 0.2%* -26.2% 45.6% 48.81%

* Annualized

Return Ranking - Calendar

Period BCSCX Return Category Return Low Category Return High Rank in Category (%)
2023 -12.7% -64.0% 30.1% 84.09%
2022 1.6% -40.8% 2475.6% 41.22%
2021 18.6% -23.3% 106.7% 28.46%
2020 5.7% -71.9% 295.5% 32.28%
2019 9.4% -31.8% 53.9% 30.95%

Total Return Ranking - Trailing

Period BCSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -18.8% 24.2% 90.91%
1 Yr 1.5% -37.2% 22.1% 85.61%
3 Yr 3.6%* -32.1% 291.5% 86.92%
5 Yr 8.0%* -24.6% 135.5% 65.87%
10 Yr 0.2%* -26.2% 45.6% 48.81%

* Annualized

Total Return Ranking - Calendar

Period BCSCX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.3% -64.0% 41.1% 43.94%
2022 11.0% -15.1% 5648.8% 65.65%
2021 21.2% -23.3% 188.1% 75.38%
2020 5.8% -67.8% 296.1% 34.65%
2019 10.5% -31.8% 53.9% 47.62%

NAV & Total Return History


BCSCX - Holdings

Concentration Analysis

BCSCX Category Low Category High BCSCX % Rank
Net Assets 652 M 2.34 M 62.8 B 42.86%
Number of Holdings 205 1 1056 32.58%
Net Assets in Top 10 333 M 2.66 M 63.2 B 65.15%
Weighting of Top 10 51.06% 21.1% 160.7% 71.09%

Top 10 Holdings

  1. United States Treasury Bill- When Issued 12.04%
  2. United States Treasury Bill 9.26%
  3. United States Treasury Bill- When Issued 8.46%
  4. United States Treasury Bill 7.28%
  5. United States Treasury Bill 4.52%
  6. EXXON MOBIL CORP 3.16%
  7. Shell PLC 2.06%
  8. CHEVRON CORP 1.68%
  9. Barrick Gold Corp 1.31%
  10. BP PLC 1.30%

Asset Allocation

Weighting Return Low Return High BCSCX % Rank
Stocks
49.21% 0.00% 49.98% 3.79%
Bonds
41.55% 0.00% 114.44% 38.64%
Cash
12.62% 0.00% 100.00% 63.85%
Preferred Stocks
0.00% 0.00% 0.07% 78.46%
Convertible Bonds
0.00% 0.00% 3.89% 82.17%
Other
-3.38% -3.38% 100.00% 98.46%

Stock Sector Breakdown

Weighting Return Low Return High BCSCX % Rank
Basic Materials
47.41% 0.00% 47.41% 14.29%
Energy
33.64% 0.00% 33.64% 14.29%
Consumer Defense
12.04% 0.00% 12.04% 14.29%
Industrials
3.58% 0.00% 23.28% 71.43%
Consumer Cyclical
1.51% 0.00% 3.41% 35.71%
Healthcare
1.09% 0.00% 1.73% 35.71%
Financial Services
0.72% 0.00% 13.67% 35.71%
Utilities
0.00% 0.00% 27.00% 78.57%
Technology
0.00% 0.00% 2.77% 78.57%
Real Estate
0.00% 0.00% 13.82% 78.57%
Communication Services
0.00% 0.00% 100.00% 85.71%

Stock Geographic Breakdown

Weighting Return Low Return High BCSCX % Rank
Non US
26.94% 0.00% 26.94% 1.54%
US
22.27% 0.00% 30.36% 6.15%

Bond Sector Breakdown

Weighting Return Low Return High BCSCX % Rank
Government
46.73% 0.00% 100.00% 23.28%
Cash & Equivalents
1.96% 0.00% 100.00% 86.32%
Securitized
0.00% 0.00% 36.61% 82.76%
Corporate
0.00% 0.00% 42.72% 86.21%
Municipal
0.00% 0.00% 1.45% 80.17%
Derivative
-3.38% -3.38% 100.00% 98.29%

Bond Geographic Breakdown

Weighting Return Low Return High BCSCX % Rank
US
41.55% 0.00% 102.17% 39.23%
Non US
0.00% 0.00% 16.01% 78.46%

BCSCX - Expenses

Operational Fees

BCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.21% 4.07% 19.42%
Management Fee 0.60% 0.00% 1.75% 45.34%
12b-1 Fee 1.00% 0.00% 1.00% 96.55%
Administrative Fee 0.06% 0.02% 0.45% 20.00%

Sales Fees

BCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 90.91%

Trading Fees

BCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

BCSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 162.00% 68.48%

BCSCX - Distributions

Dividend Yield Analysis

BCSCX Category Low Category High BCSCX % Rank
Dividend Yield 1.71% 0.00% 19.94% 6.83%

Dividend Distribution Analysis

BCSCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

BCSCX Category Low Category High BCSCX % Rank
Net Income Ratio -0.15% -55.71% 52.26% 32.56%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BCSCX - Fund Manager Analysis

Managers

Robert Shimell


Start Date

Tenure

Tenure Rank

Oct 03, 2011

10.67

10.7%

Robert Shimell, Director and investment strategist, is a member of BlackRock’s Institutional Index Equity team. Mr. Shimell’s service with the BlackRock Investment Management, LLC dates back to 2004, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was an investment strategist in the Institutional Index Equity team. Prior to joining BGI, he was a business analyst and project manager at Invesco UK Limited. Mr. Shimell earned a degree, with first class honours, in construction and project management from University College London in 1999 and an MSc degree, with distinction, in international securities, investment and banking from the ICMA Business School for Financial Markets in 2004.

Hannah Johnson


Start Date

Tenure

Tenure Rank

Oct 01, 2016

5.67

5.7%

Vice President of BlackRock, Inc. since 2015; Associate at BlackRock, Inc. from 2012 to 2015; Analyst at BlackRock, Inc. from 2009 to 2012.

Alastair Bishop


Start Date

Tenure

Tenure Rank

Apr 01, 2017

5.17

5.2%

Alastair Bishop, Managing Director, is a member of the Natural Resources team within Fundamental Equity division of BlackRock’s Active Equity Group. Mr. Bishop was a senior research analyst at Piper Jaffray, where he was responsible for covering the Clean Technology industry. Prior to joining Piper Jaffray in 2009, he covered the Renewable Energy and Industrial sectors for 8 years at Dresdner Kleinwort. Mr. Bishop began his career in 2001 at Dresdner Kleinwort Investment Bank. Mr. Bishop earned a BSc degree in economics from the University of Nottingham in 2001.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.1 11.51