BIMBX: BlackRock Systematic Multi-Strat Instl

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BIMBX BlackRock Systematic Multi-Strat Instl


Profile

BIMBX - Profile

Vitals

  • YTD Return 3.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.06 B
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

$10.26
$9.20
$10.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.29%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 442.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BlackRock Systematic Multi-Strategy Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    May 19, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Radell

Fund Description

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. It will normally invest in both U.S. and non-U.S. securities, including securities of companies located in emerging markets.


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Categories

Performance

BIMBX - Performance

Return Ranking - Trailing

Period BIMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -46.2% 28.9% 2.94%
1 Yr 3.7% -56.3% 41.1% 14.38%
3 Yr N/A* -38.8% 14.5% 2.21%
5 Yr N/A* -35.4% 9.5% N/A
10 Yr N/A* -37.0% 11.1% N/A

* Annualized

Return Ranking - Calendar

Period BIMBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -50.4% 46.8% 89.91%
2018 N/A -31.8% 11.7% N/A
2017 N/A -44.7% 46.3% N/A
2016 N/A -29.9% 420.6% N/A
2015 N/A -57.4% 14.6% N/A

Total Return Ranking - Trailing

Period BIMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -46.2% 28.9% 2.94%
1 Yr 3.7% -56.3% 41.1% 14.48%
3 Yr N/A* -38.8% 14.5% 2.56%
5 Yr N/A* -35.4% 9.5% N/A
10 Yr N/A* -37.0% 11.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BIMBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.3% -50.4% 46.8% 89.91%
2018 N/A -27.6% 11.7% N/A
2017 N/A -44.7% 46.3% N/A
2016 N/A -29.9% 420.6% N/A
2015 N/A -57.4% 14.6% N/A

NAV & Total Return History


Holdings

BIMBX - Holdings

Concentration Analysis

BIMBX Category Low Category High BIMBX % Rank
Net Assets 1.06 B 100 K 153 B 33.05%
Number of Holdings 1882 2 13456 3.32%
Net Assets in Top 10 152 M -35.2 M 27.1 B 48.60%
Weighting of Top 10 14.36% 5.5% 100.0% 94.44%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 1.97%
  2. United States Treasury Bonds 2.88% 1.94%
  3. Fnma Pass-Thru I 3% 1.67%
  4. Federal Home Loan Banks 3.5% 1.59%
  5. Government National Mortgage Association 3% 1.53%
  6. Federal National Mortgage Association 3.5% 1.44%
  7. Government National Mortgage Association 3.5% 1.15%
  8. United States Treasury Bonds 3% 1.07%
  9. United States Treasury Notes 1.5% 1.01%
  10. Government National Mortgage Association 3.5% 0.97%

Asset Allocation

Weighting Return Low Return High BIMBX % Rank
Bonds
78.25% -7.02% 80.79% 0.31%
Cash
12.15% -120.83% 149.68% 17.34%
Stocks
8.04% -113.74% 77.36% 90.34%
Convertible Bonds
1.55% -0.67% 52.57% 15.47%
Preferred Stocks
0.00% 0.00% 36.61% 87.75%
Other
0.00% -4.42% 167.50% 82.66%

Stock Sector Breakdown

Weighting Return Low Return High BIMBX % Rank
Consumer Cyclical
15.63% 0.00% 33.58% 2.31%
Industrials
13.32% 0.00% 99.44% 11.43%
Healthcare
12.17% 0.00% 54.35% 79.67%
Consumer Defense
9.98% 0.00% 18.41% 20.11%
Technology
9.60% 0.00% 100.00% 82.75%
Financial Services
9.31% 0.00% 62.98% 85.93%
Utilities
7.75% 0.00% 100.00% 15.16%
Energy
7.32% 0.00% 100.00% 13.85%
Basic Materials
6.26% 0.00% 19.70% 7.25%
Real Estate
5.00% 0.00% 99.96% 35.16%
Communication Services
3.66% 0.00% 26.69% 87.14%

Stock Geographic Breakdown

Weighting Return Low Return High BIMBX % Rank
US
11.37% -112.30% 75.95% 86.81%
Non US
-3.33% -3.33% 33.55% 99.90%

Bond Sector Breakdown

Weighting Return Low Return High BIMBX % Rank
Corporate
32.83% 0.00% 100.00% 50.67%
Cash & Equivalents
32.75% -3.87% 100.00% 14.64%
Securitized
30.19% 0.00% 85.82% 24.09%
Government
4.22% 0.00% 90.31% 83.07%
Derivative
0.00% 0.00% 69.90% 80.79%
Municipal
0.00% 0.00% 99.50% 79.34%

Bond Geographic Breakdown

Weighting Return Low Return High BIMBX % Rank
US
73.40% -8.49% 88.92% 2.70%
Non US
4.85% -14.78% 29.41% 24.51%

Expenses

BIMBX - Expenses

Operational Fees

BIMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 7.41% 37.79%
Management Fee 0.80% 0.00% 2.00% 79.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.83% 8.52%

Sales Fees

BIMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BIMBX 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.

BIMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 442.00% 0.00% 574.00% 99.24%

Distributions

BIMBX - Distributions

Dividend Yield Analysis

BIMBX Category Low Category High BIMBX % Rank
Dividend Yield 0.00% 0.00% 10.53% 68.54%

Dividend Distribution Analysis

BIMBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

BIMBX Category Low Category High BIMBX % Rank
Net Income Ratio 2.27% -49.00% 6.65% 29.98%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BIMBX - Fund Manager Analysis

Managers

Scott Radell


Start Date

Tenure

Tenure Rank

May 19, 2015

4.95

5.0%

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.

Tom Parker


Start Date

Tenure

Tenure Rank

May 19, 2015

4.95

5.0%

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.

Jeffrey Rosenberg


Start Date

Tenure

Tenure Rank

Oct 01, 2018

1.58

1.6%

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
0.04 39.35 6.95 0.33