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Morningstar

Blackstone Alternative Multi-Strategy I BXMIX

Morningstar Medalist Rating
Medalist Rating as of | See Blackstone Investment Hub
  • NAV / 1-Day Return 10.88  /  0.00
  • Total Assets 3.8 Bil
  • Adj. Expense Ratio
    3.120%
  • Expense Ratio 3.530%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multistrategy
  • Alt Style Correlation / Relative Volatility High/Low
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.37%
  • Turnover 846%

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:17 AM GMT+0

Morningstar’s Analysis BXMIX

Will BXMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BXMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BXMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BXMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A high-quality offering struggling to add value over its fees.

Director Simon Scott

Simon Scott

Director

Summary

Blackstone Alternative Multi-Strategy's experienced team and robust investment process utilizes the firm’s scale to bring access to unique hedge fund subadvisors. Yet high fees, double that of Morningstar Medalists', materially reduce that advantage and result in a downgrade to a Morningstar Analyst Rating of Neutral across all share classes.

by Simon Scott
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BXMIX

More BXMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Asset Offset

129.80 5.1 Bil
—

Cash And Cash Equivalents

29.11 1.2 Bil
Cash and Equivalents

Euribor 3Mo (Liffe) Dec 25

10.27 406.9 Mil
Government

Ice 3Mth Sonia Jun 24

9.02 357.3 Mil
Government

Euribor 3Mo (Liffe) Mar 24

7.71 305.6 Mil
Government

Ice 3Mth Sonia Dec 25

5.83 230.9 Mil
Government

3 Month Sofr Fut Mar 24

5.54 219.7 Mil
Government

3 Month Sofr Fut Dec 25

5.39 213.7 Mil
Government

Ss Cdx Ig41 12/20/28morgan1.0%

5.21 206.5 Mil
Derivative

Federal National Mortgage Association 3%

4.46 176.8 Mil
Securitized