Morningstar

BlackRock Systematic Multi-Strategy Fund Class K BKMBX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.34  /  0.00
  • Fund Size $7.2B
  • Adjusted Expense Ratio 0.810%
  • Net Expense Ratio 0.810%
  • Fee Level: Distribution Low
  • Share Class Type Retirement, Large
  • Morningstar Category Multistrategy
  • Alternative Style Box (Funds) Low/Medium
  • Minimum Initial Investment $5M
  • Investment Status Open
  • TTM Yield 3.71%
  • Turnover Ratio 270%
NAV and 1-Day Return as of

Morningstar’s Analysis BKMBX

Will BKMBX outperform in the 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 BKMBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BKMBX 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 BKMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Yield, downside protection, and diversification.

Senior Analyst Chris Tate

Chris Tate

Senior Analyst

Summary

BlackRock Systematic Multistrategy smartly pairs an income-oriented profile with meaningful downside protection and diversification benefits.

by Chris Tate
Rated on Published on

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Portfolio Holdings BKMBX

More BKMBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

17.08 1B
—

FSWP: OIS 4.490380 16-SEP-2028 SON Receive

4.09 324M
Government

FSWP: OIS 4.073540 16-SEP-2028 SOF Receive

3.75 297M
Government

FSWP: OIS 4.069760 16-SEP-2028 SOF Receive

2.46 195M
Government

FSWP: OIS 4.262730 16-SEP-2036 SON Receive

2.01 159M
Government

GBP/USD Purchased

1.91 151M
Derivative

FSWP: OIS 4.494390 16-SEP-2031 SON Receive

1.75 139M
Government

United States Treasury Bills

1.67 132M
Government

FSWP: OIS 4.031700 16-SEP-2031 SOF Receive

1.60 127M
Government

FSWP: OIS 4.368240 16-SEP-2028 SON Receive

1.27 101M
Government

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