BIREX: BlackRock Real Estate Securities Instl

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BIREX BlackRock Real Estate Securities Instl


Profile

BIREX - Profile

Vitals

  • YTD Return -25.2%
  • 3 Yr Annualized Return -5.7%
  • 5 Yr Annualized Return -4.6%
  • Net Assets $192 M
  • Holdings in Top 10 47.8%

52 WEEK LOW AND HIGH

$10.68
$8.88
$15.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.95%

SALES FEES

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

BROKERAGE FEES

  • Turnover 82.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -25.2%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.87%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

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

Fund Description

The fund normally 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. It may invest up to 20% of its net assets plus any borrowings for investment purposes 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. The fund is non-diversified.


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Categories

Fund Company Quick Screens

BIREX - Fund Company Quick Screens


Performance

BIREX - Performance

Return Ranking - Trailing

Period BIREX Return Category Return Low Category Return High Rank in Category (%)
YTD -25.2% -52.5% 1.0% 60.44%
1 Yr -20.9% -56.9% 35.8% 29.96%
3 Yr -5.7%* -26.6% 7.8% 30.90%
5 Yr -4.6%* -23.7% 7.2% 24.12%
10 Yr N/A* -9.0% 13.6% N/A

* Annualized

Return Ranking - Calendar

Period BIREX Return Category Return Low Category Return High Rank in Category (%)
2019 25.3% -22.7% 43.1% 12.83%
2018 -5.8% -44.0% 2.2% 7.97%
2017 -3.4% -16.4% 25.4% 75.77%
2016 0.5% -28.0% 12.5% 36.74%
2015 -3.1% -19.4% 2.4% 37.06%

Total Return Ranking - Trailing

Period BIREX Return Category Return Low Category Return High Rank in Category (%)
YTD -25.2% -52.5% 1.0% 60.44%
1 Yr -20.9% -56.9% 35.8% 29.96%
3 Yr -1.7%* -24.9% 7.8% 13.73%
5 Yr 0.5%* -18.8% 7.2% 11.06%
10 Yr N/A* -5.0% 13.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BIREX Return Category Return Low Category Return High Rank in Category (%)
2019 25.3% -22.7% 43.1% 12.83%
2018 -2.9% -43.3% 3.3% 9.16%
2017 6.2% -13.6% 31.4% 23.35%
2016 7.7% -12.3% 12.5% 17.67%
2015 3.7% -15.2% 7.7% 17.77%

NAV & Total Return History


Holdings

BIREX - Holdings

Concentration Analysis

BIREX Category Low Category High BIREX % Rank
Net Assets 192 M 1.2 M 58.2 B 64.71%
Number of Holdings 41 20 660 62.68%
Net Assets in Top 10 118 M 1.06 M 28.5 B 61.96%
Weighting of Top 10 47.75% 10.6% 78.9% 42.38%

Top 10 Holdings

  1. Prologis Inc 8.84%
  2. Equinix Inc 6.49%
  3. Equity Residential 4.97%
  4. Boston Properties Inc 4.37%
  5. Alexandria Real Estate Equities Inc 4.10%
  6. Rexford Industrial Realty Inc 4.06%
  7. Mid-America Apartment Communities Inc 3.89%
  8. Simon Property Group Inc 3.78%
  9. Healthpeak Properties Inc 3.78%
  10. Sun Communities Inc 3.47%

Asset Allocation

Weighting Return Low Return High BIREX % Rank
Stocks
97.26% 6.22% 113.50% 72.46%
Cash
2.74% -103.72% 19.82% 17.39%
Preferred Stocks
0.00% 0.00% 47.46% 82.25%
Other
0.00% -4.55% 88.14% 77.90%
Convertible Bonds
0.00% 0.00% 6.95% 80.43%
Bonds
0.00% -1.35% 93.37% 81.16%

Stock Sector Breakdown

Weighting Return Low Return High BIREX % Rank
Real Estate
96.84% 38.43% 100.00% 77.82%
Consumer Cyclical
2.04% 0.00% 33.77% 15.79%
Communication Services
1.12% 0.00% 1.28% 2.26%
Utilities
0.00% 0.00% 6.44% 80.08%
Technology
0.00% 0.00% 15.01% 81.58%
Industrials
0.00% 0.00% 10.59% 81.20%
Healthcare
0.00% 0.00% 3.74% 78.95%
Financial Services
0.00% 0.00% 20.38% 80.08%
Energy
0.00% 0.00% 3.09% 79.70%
Consumer Defense
0.00% 0.00% 0.24% 78.95%
Basic Materials
0.00% 0.00% 5.59% 78.95%

Stock Geographic Breakdown

Weighting Return Low Return High BIREX % Rank
US
96.17% 6.22% 113.50% 70.65%
Non US
1.09% 0.00% 26.60% 18.84%

Expenses

BIREX - Expenses

Operational Fees

BIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.95% 0.07% 19.12% 29.18%
Management Fee 0.75% 0.00% 1.50% 49.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.01% 0.47% 20.22%

Sales Fees

BIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BIREX 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.

BIREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 82.00% 3.00% 257.00% 78.08%

Distributions

BIREX - Distributions

Dividend Yield Analysis

BIREX Category Low Category High BIREX % Rank
Dividend Yield 0.00% 0.00% 8.52% 80.43%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BIREX Category Low Category High BIREX % Rank
Net Income Ratio 1.87% -0.10% 5.67% 38.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BIREX - Fund Manager Analysis

Managers

Mark Howard-Johnson


Start Date

Tenure

Tenure Rank

Sep 28, 2012

7.51

7.5%

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

2.94

2.9%

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
0.25 26.26 8.02 0.37