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Trending ETFs

Name

As of 06/18/2024

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

$8.64

$8.63 M

1.39%

$0.12

3.87%

Vitals

YTD Return

-5.4%

1 yr return

-4.0%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$8.63 M

Holdings in Top 10

43.8%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.87%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

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

$8.64

$8.63 M

1.39%

$0.12

3.87%

BINFX - Profile

Distributions

  • YTD Total Return -5.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Infrastructure Sustainable Opportunities Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Sep 30, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nikhil Uppal

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securities of infrastructure-related companies or derivatives with similar economic characteristics. The Fund currently considers “infrastructure-related companies” to include, without limitation, transportation infrastructure, construction and engineering, electric utilities, multi-utilities, water utilities, independent power and renewable electricity producers, telecommunications services, marine, road and rail, equity real estate investments, and media, as identified by one or more widely recognized market indexes or rating group indexes, and/ or as defined by Fund management.
To determine the Fund’s investable universe, Fund management will first seek to screen out certain issuers based on environmental, social and governance (“ESG”) criteria determined by BlackRock, subject to the considerations noted below. Such screening criteria principally includes: (i) issuers that derive more than zero percent of revenue from the production of controversial weapons; (ii) issuers that derive more than zero percent of revenue from the production of civilian firearms; (iii) issuers that derive more than zero percent of revenue from direct involvement in the production of nuclear weapons or nuclear weapon components or delivery platforms, or the provision of auxiliary services related to nuclear weapons; (iv) issuers that derive more than zero percent of revenue from the production of tobacco-related products; (v) issuers that derive more than five percent of revenue from thermal coal generation, unless such issuers have disclosed certain commitments regarding greenhouse gas emissions and derive less than twenty-five percent of revenue from coal-based power generation; (vi) issuers that derive more than five percent of revenue from thermal coal mining; (vii) issuers that derive more than five percent of revenue from oil sands extraction; and (viii) issuers identified as violators of the United Nations Global Compact, which are globally accepted principles covering corporate behavior in the areas of human rights, labor, environment, and anti-corruption. The Fund relies on one or more third-party ratings agencies to identify issuers for purposes of the above screening criteria. Third-party rating agencies may base the above screening criteria on an estimate when revenue for a covered business activity is not disclosed by the issuer or publicly available.
The Fund’s screening criteria is measured at the time of investment and is dependent upon information and data that may be incomplete, inaccurate, unavailable or estimated. Where the Fund’s criteria looks solely to third-party ratings or data, issuers are only screened to the extent such ratings or data have been assigned or made available by the third parties. This screening criteria is subject to change over time at BlackRock’s discretion.
BlackRock next looks to the targets and indicators for each SDG and identifies those goals that are supported by sustainable infrastructure. With respect to its equity investments, BlackRock intends to invest only in companies that align with and advance at least one of the SDGs. BlackRock intends to focus on SDGs related to (i) good health and well-being, (ii) clean water and sanitation, (iii) affordable and clean energy, (iv) industry, innovation and infrastructure, (v) sustainable cities and communities, and (vi) climate action. BlackRock may not consider all SDGs when making investment decisions and there may be limitations with respect to the availability of investments that address certain SDGs. The Fund may gain indirect exposure (through, including but not limited to, derivatives and investments in other investment companies) to issuers with exposures that are inconsistent with the screening and SDG alignment criteria used by BlackRock. Moreover, there is no guarantee that all equity securities held by the Fund will align with the SDGs at all times. The assessment of the level of alignment in each activity may be based on percentage of earnings, a defined total earnings threshold, or any connection to a restricted activity regardless of the amount of earnings received. Where disclosure for segment level earnings are unavailable, Fund management will use revenue as the primary metric.
The companies are then assessed by BlackRock based on their ability to manage risks and opportunities including those associated with the infrastructure theme and their ESG risk and opportunity credentials, such as their leadership and governance framework, ability to strategically manage longer-term issues surrounding ESG and the potential impact this may have on a company’s financials. This ESG assessment is built into the multi -factor risk model described below.
Fund management utilizes a multi-factor risk model that leverages the team’s deep fundamental knowledge by incorporating their views on micro risk factors such as industry trends, geographical sub markets, asset condition,
revenue risk, balance sheet and debt management strength, management insights, and other idiosyncratic factors influencing that security. The team considers factors in the following six categories:
1) Structural risk — risk related to specific real assets sub sectors, companies’ operational structure or policy making; factors are split into three risk sub-groups, i.e. industry, entity and regulatory risk
2) Asset risk — factors include micro fundamentals, physical features and revenue risk
3) Financial risk — factors include degree of financial leverage, interest coverage, maturity duration, fixed versus floating debt, pay-out ratio and free float
4) Management risk — qualitative assessment of executive management teams
5) ESG risk — assessment of environmental, social and governance issues based on BlackRock’s proprietary scoring model
6) Other risks — discrete single stock factors not captured by any of the above categories.
The equity securities in which the Fund invests primarily consist of common stock, but may also include preferred stock and convertible securities. From time to time, the Fund may invest in shares of companies through “new issues” or initial public offerings (“IPOs”). The Fund may invest in issuers of any capitalization.
The Fund may invest in an unlimited amount in securities of foreign issuers, including those in emerging markets.
The Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference) and forward contracts, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.
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BINFX - Performance

Return Ranking - Trailing

Period BINFX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.4% -6.4% 8.7% 99.00%
1 Yr -4.0% -17.6% 23.9% 89.00%
3 Yr N/A* -9.7% 14.7% N/A
5 Yr N/A* -3.5% 19.3% N/A
10 Yr N/A* 0.7% 8.0% N/A

* Annualized

Return Ranking - Calendar

Period BINFX Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -17.5% 30.1% 7.00%
2022 -19.1% -28.1% -3.4% 88.00%
2021 N/A -28.7% 35.7% N/A
2020 N/A -12.5% 28.8% N/A
2019 N/A 9.9% 33.6% N/A

Total Return Ranking - Trailing

Period BINFX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.4% -6.4% 8.7% 99.00%
1 Yr -4.0% -17.6% 23.9% 89.00%
3 Yr N/A* -9.7% 14.7% N/A
5 Yr N/A* -3.5% 19.3% N/A
10 Yr N/A* 0.7% 8.0% N/A

* Annualized

Total Return Ranking - Calendar

Period BINFX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -15.6% 31.0% 8.00%
2022 -15.6% -27.1% -0.5% 96.00%
2021 N/A -3.5% 36.4% N/A
2020 N/A -11.2% 29.9% N/A
2019 N/A 16.7% 35.3% N/A

NAV & Total Return History


BINFX - Holdings

Concentration Analysis

BINFX Category Low Category High BINFX % Rank
Net Assets 8.63 M 1.83 M 8.77 B 95.00%
Number of Holdings 41 27 233 76.00%
Net Assets in Top 10 3.78 M 757 K 5.26 B 95.00%
Weighting of Top 10 43.76% 9.0% 63.5% 43.00%

Top 10 Holdings

  1. National Grid PLC 6.17%
  2. SBA Communications Corp 5.12%
  3. Terna - Rete Elettrica Nazionale 5.05%
  4. SSE PLC 4.19%
  5. BlackRock Liquidity Funds T-Fund 4.18%
  6. Ferrovial SE 4.16%
  7. Clearway Energy Inc 4.03%
  8. Enel SpA 3.75%
  9. Xcel Energy Inc 3.68%
  10. Cellnex Telecom SA 3.41%

Asset Allocation

Weighting Return Low Return High BINFX % Rank
Stocks
95.01% 86.92% 100.24% 90.00%
Cash
5.05% 0.00% 9.66% 14.00%
Preferred Stocks
0.00% 0.00% 2.81% 35.00%
Convertible Bonds
0.00% 0.00% 2.46% 33.00%
Bonds
0.00% 0.00% 6.41% 34.00%
Other
-0.06% -0.06% 3.11% 98.00%

Stock Sector Breakdown

Weighting Return Low Return High BINFX % Rank
Utilities
44.06% 3.71% 96.19% 44.00%
Industrials
24.09% 0.00% 68.24% 49.00%
Real Estate
18.02% 0.00% 23.51% 19.00%
Communication Services
8.35% 0.00% 27.53% 13.00%
Technology
5.48% 0.00% 25.65% 4.00%
Healthcare
0.00% 0.00% 6.54% 33.00%
Financial Services
0.00% 0.00% 17.28% 39.00%
Energy
0.00% 0.00% 32.46% 93.00%
Consumer Defense
0.00% 0.00% 0.99% 39.00%
Consumer Cyclical
0.00% 0.00% 10.02% 36.00%
Basic Materials
0.00% 0.00% 25.54% 51.00%

Stock Geographic Breakdown

Weighting Return Low Return High BINFX % Rank
Non US
64.45% 0.00% 98.55% 3.00%
US
30.57% 1.19% 99.89% 94.00%

BINFX - Expenses

Operational Fees

BINFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.87% 0.30% 21.87% 6.00%
Management Fee 0.80% 0.30% 1.00% 35.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.04% 0.15% 35.29%

Sales Fees

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

Trading Fees

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

BINFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 13.00% 128.00% N/A

BINFX - Distributions

Dividend Yield Analysis

BINFX Category Low Category High BINFX % Rank
Dividend Yield 1.39% 0.00% 5.50% 52.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BINFX Category Low Category High BINFX % Rank
Net Income Ratio N/A -0.39% 4.38% N/A

Capital Gain Distribution Analysis

BINFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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BINFX - Fund Manager Analysis

Managers

Nikhil Uppal


Start Date

Tenure

Tenure Rank

Sep 30, 2021

0.67

0.7%

Primary Role-Nikhil Uppal is Jointly and primarily responsible for the day‑to‑day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. And he is also a director of BlackRock Inc. since 2014 and Head of Listed Infrastructure; member of BlackRock’s Global Real Asset Securities Group since 2017; Vice President of BlackRock, Inc. from 2004 to 2014.

Guy MacKenzie


Start Date

Tenure

Tenure Rank

Sep 30, 2021

0.67

0.7%

Guy is jointly and primarily responsible for the day‑to‑day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund and also Director of BlackRock, Inc. and member of BlackRock’s Global Real Asset Securities Group since 2018; Director at Credit Suisse from 2012 to 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.98 8.08