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BRMBX BlackRock High Equity Income Investor B

  • Fund
  • BRMBX
  • Price as of: Oct 13, 2017
  • $16.27
  • - $0.02
  • - 0.12%
  • Category
  • Mid Cap Growth Equities

BRMBX - Profile

Vitals

  • YTD Return -38.5%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 12.8%
  • Net Assets $885 M
  • Holdings in Top 10 33.0%

52 WEEK LOW AND HIGH

$16.27
$15.51
$29.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.26%

SALES FEES

  • Front Load N/A
  • Deferred Load 4.50%

BROKERAGE FEES

  • Turnover 72.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return -38.5%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.49%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name BlackRock High Equity Income Fund
  • Fund Family Name BlackRock
  • Inception Date May 01, 1998
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Franco Tapia

Fund Description

The fund will invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities and equity-related instruments, including equity-linked notes. It may invest in securities of companies with any market capitalization, but will generally focus on large cap securities. The fund may invest up to 50% of its assets in equity-linked notes that provide exposure to equity securities and covered call options or other types of financial instruments. It may invest up to 25% of its total assets in securities of foreign issuers.

BRMBX - Performance

Return Ranking - Trailing

Period BRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -38.5% -98.2% 36.1% 96.54% 5
1 Yr 14.7% -20.6% 34.6% 75.78% 4
3 Yr 7.4% * -5.9% 28.7% 71.84% 4
5 Yr 12.8% * 2.5% 20.4% 39.06% 2
10 Yr 6.8% * -0.4% 12.8% 58.60% 3

* Annualized


Return Ranking - Calendar

Period BRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -1.5% -70.5% 27.9% 63.98% 4
2015 -12.4% -82.5% 12.2% 71.50% 4
2014 -6.6% -40.7% 31.3% 62.21% 4
2013 7.8% -27.0% 200.0% 92.92% 5
2012 6.7% -17.1% 26.4% 73.83% 4

Total Return Ranking - Trailing

Period BRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -38.5% -59.7% 36.1% 96.36% 5
1 Yr 12.1% -35.2% 876.4% 78.08% 4
3 Yr 7.0% * -3.8% 23.6% 70.00% 4
5 Yr 12.7% * 2.0% 20.4% 39.23% 2
10 Yr 6.8% * -0.4% 12.8% 56.75% 3

* Annualized


Total Return Ranking - Calendar

Period BRMBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -1.5% -98.2% 27.9% 68.49% 4
2015 -12.4% -43.1% 19.2% 94.35% 5
2014 13.1% -23.5% 141.0% 18.59% 1
2013 70.5% -22.5% 561.9% 15.90% 1
2012 20.4% -11.3% 4114.7% 60.95% 4

NAV & Total Return History

BRMBX - Holdings

Filings data as of: Aug 31, 2017

Concentration Analysis

BRMBX Category Low Category High BRMBX % Rank Quintile
Net Assets 885 M 281 K 28.8 B 14.86% 3
Number of Holdings 79 3 2290 10.85% 3
Net Assets in Top 10 293 M 84.9 K 5.03 B 10.55% 2
Weighting of Top 10 33.0% 6.4% 147.1% 10.40% 2

Top 10 Holdings

  1. JPMorgan Chase & Co 4.87%
  2. Wells Fargo & Co 4.19%
  3. Pfizer Inc 4.30%
  4. Royal Dutch Shell PLC ADR Class A 3.63%
  5. Occidental Petroleum Corp 2.93%
  6. General Electric Co 2.69%
  7. AstraZeneca PLC 2.60%
  8. FirstEnergy Corp 2.80%
  9. Public Service Enterprise Group Inc 2.55%
  10. Taiwan Semiconductor Manufacturing Co Ltd 2.43%

Asset Allocation

Weighting Category Low Category High BRMBX % Rank Quintile
Stocks
95.09% 15.06% 118.10% 20.80% 4
Other
4.25% -10.78% 79.22% 1.49% 1
Cash
0.65% -18.09% 41.72% 23.63% 4
Preferred Stocks
0.00% 0.00% 4.25% 2.23% 5
Convertible Bonds
0.00% 0.00% 1.55% 1.34% 5
Bonds
0.00% 0.00% 60.55% 2.38% 5

Stock Sector Breakdown

Weighting Category Low Category High BRMBX % Rank Quintile
Financial Services
23.02% 0.00% 41.59% 1.49% 1
Energy
13.75% 0.00% 13.75% 0.15% 1
Healthcare
12.00% 0.00% 33.72% 25.26% 4
Communication Services
7.95% 0.00% 19.82% 1.49% 1
Utilities
7.93% -0.03% 10.28% 0.59% 1
Technology
7.65% 2.80% 47.42% 35.07% 5
Industrials
6.98% 0.00% 37.22% 32.99% 5
Consumer Defense
6.44% -0.01% 22.39% 10.85% 2
Consumer Cyclical
3.52% 0.00% 55.62% 35.07% 5
Basic Materials
3.50% 0.00% 11.10% 15.45% 3
Real Estate
0.00% 0.00% 32.36% 28.38% 5

Stock Geographic Breakdown

Weighting Category Low Category High BRMBX % Rank Quintile
US
72.87% 14.94% 112.38% 32.39% 5
Non US
22.22% 0.00% 54.52% 0.74% 1

BRMBX - Expenses

Operational Fees

BRMBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.26% 0.07% 111.05% 7.15% 5
Management Fee 0.80% 0.06% 1.50% 2.97% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.22% 5
Administrative Fee 0.06% 0.00% 25000.00% 6.18% 2

Sales Fees

BRMBX Fees (% of AUM) Category Low Category High BRMBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 4.50% 1.00% 5.50% 2.31% 4

Trading Fees

BRMBX Fees (% of AUM) Category Low Category High BRMBX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% N/A N/A

Turnover 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.

BRMBX Fees (% of AUM) Category Low Category High BRMBX Rank Quintile
Turnover 72.00% 0.00% 558.00% 11.18% 4

BRMBX - Distributions

Dividend Yield Analysis

BRMBX Category Low Category High BRMBX % Rank Quintile
Dividend Yield 0.1% 0.00% 5.39% 23.18% 2

Dividend Distribution Analysis

BRMBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BRMBX Category Low Category High BRMBX % Rank Quintile
Net Income Ratio -0.49% -2.43% 1.43% 18.33% 4

Capital Gain Distribution Analysis

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

BRMBX - Managers

Franco Tapia

Manager

Start Date

Jun 12, 2017

Tenure

0.3

Tenure Rank

18.5%

Franco F. Tapia, CFA, Principal and Portfolio Manager. Mr. Tapia is a co-portfolio manager for U.S. Best Ideas. Prior to joining Pzena Investment Management, he worked for Morgan Stanley in private client services managing assets for individuals and small institutions. Mr. Tapia has also worked as a strategy consultant for IBM/Mainspring. He earned a B.A. in Economics with honors from Harvard University, and an M.B.A. from the Wharton School of the University of Pennsylvania where he was named a Palmer Scholar. Mr. Tapia holds the Chartered Financial Analyst designation.


David Zhao

Manager

Start Date

Jun 12, 2017

Tenure

0.3

Tenure Rank

18.5%

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


Tony DeSpirito

Manager

Start Date

Jun 12, 2017

Tenure

0.3

Tenure Rank

18.5%

Tony DeSpirito is co-manager of the BlackRock North American Income Trust plc. He is a member of the Fundamental Equity division of BlackRock’s Alpha Strategies Group and co-portfolio manager for the US based Equity Dividend Fund and related strategies. Prior to joining BlackRock in August 2014, for the last 18 years Tony had been with Pzena Investment Management where he was Managing Principal, Portfolio Manager and a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 1996, Mr. DeSpirito was an Associate in the Corporate Department at the Boston based law firm of Ropes & Gray LLP. At Ropes & Gray, he advised clients in the direct television, financial services, fitness, packaging films, retail, software, and wire and cable industries. Mr. DeSpirito earned a B.S. summa cum laude from the Wharton School of the University of Pennsylvania in 1990 and a J.D. magna cum laude from Harvard Law School in 1993. "


Kyle McClements

Manager

Start Date

Jun 12, 2017

Tenure

0.3

Tenure Rank

18.5%

McClements joined BlackRock following the merger with SSRM in 2005. Prior to joining BlackRock, he was vice president of SSRM's Quantitative Strategies Group where one of his responsibilities was implementing different option strategies on various equity accounts since 2004. Prior to joining SSRM, McClements was a vice president at Deutsche Asset Management where he was a derivative, program and FX trader. From 1998 to 2001, he was also a portfolio manager for the ProEquity Fund Series.


Tenure Analysis

Category Low

0.0

Category High

31.6

Category Average

7.32

Category Mode

2.8