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BXMIX Blackstone Alternative Multi-Strategy I

  • Fund
  • BXMIX
  • Price as of: Jul 21, 2017
  • $10.83
  • - $0.01
  • - 0.09%
  • Category
  • Diversified Portfolio

BXMIX - Profile

Vitals

  • YTD Return 6.1%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $4.61 B
  • Holdings in Top 10 39.0%

52 WEEK LOW AND HIGH

$10.83
$10.08
$10.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.03%

SALES FEES

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

BROKERAGE FEES

  • Turnover 237.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Blackstone Alternative Multi-Strategy Fund
  • Fund Family Name Blackstone
  • Inception Date Jun 16, 2014
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Stephen Sullens

BXMIX - Performance

Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.1% -49.2% 436.8% 39.73% 3
1 Yr 7.9% -26.7% 45.9% 52.59% 3
3 Yr 3.4% * -16.8% 11.8% 47.19% 3
5 Yr N/A * -11.0% 15.6% N/A N/A
10 Yr N/A * -5.4% 8.2% N/A N/A

* Annualized


Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.9% -65.8% 23.3% 64.66% 4
2015 1.0% -37.7% 48.7% 1.54% 1
2014 N/A -59.3% 22.9% N/A N/A
2013 N/A -17.5% 36.4% N/A N/A
2012 N/A -16.2% 18.4% N/A N/A

Total Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.1% -49.2% 436.8% 39.93% 3
1 Yr 7.9% -28.0% 73.2% 42.06% 3
3 Yr 3.4% * -17.7% 28.2% 40.06% 3
5 Yr N/A * -11.3% 15.6% N/A N/A
10 Yr N/A * -5.4% 8.2% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.9% -65.6% 32.0% 75.20% 4
2015 3.6% -29.3% 50.4% 1.69% 1
2014 N/A -54.8% 25.4% N/A N/A
2013 N/A -16.7% 57.2% N/A N/A
2012 N/A -16.2% 74.5% N/A N/A

NAV & Total Return History

BXMIX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

BXMIX Category Low Category High BXMIX % Rank Quintile
Net Assets 4.61 B 81.4 K 113 B 2.74% 1
Number of Holdings 1949 1 12680 1.42% 1
Net Assets in Top 10 -520 M -654 M 22 B 35.91% 5
Weighting of Top 10 39.0% 0.2% 318.9% 19.67% 4

Top 10 Holdings

  1. Total Securities Sold Short (Proceeds $1,073,881,335) 25.49%
  2. Glenview Capital Partners (Cayman), Ltd. (Cost $125,000,000) 3.30%
  3. Gcm Equity Partners Lp (Cost $91,734,684) 2.60%
  4. Federal National Mortgage Association,: 4.50% 1.41%
  5. Federal National Mortgage Association,: 4.00% 1.41%
  6. US Treasury Note 1.15%
  7. United Kingdom (Government Of) 0.125% 0.98%
  8. Structured Agency Credit Risk,: Series 2016-Dna1, Classm3, 6.53% 0.96%
  9. Federal National Mortgage Association,: Series2016-C06,class1m2, 5.23% 0.86%
  10. Gcm Offshore Equity Partners Lp (Cost $30,211,561) 0.85%

Asset Allocation

Weighting Category Low Category High BXMIX % Rank Quintile
Bonds
48.42% -2.09% 171.61% 8.31% 2
Other
35.77% -8.15% 98.84% 0.64% 1
Cash
8.21% -196.69% 99.77% 11.85% 2
Stocks
5.60% -1.04% 145.18% 32.62% 5
Convertible Bonds
2.00% 0.00% 33.12% 3.39% 1
Preferred Stocks
0.00% -0.09% 38.07% 9.15% 4

Stock Sector Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
Healthcare
9.70% -3.48% 31.05% 4.63% 1
Technology
6.24% -3.41% 70.04% 17.85% 3
Consumer Cyclical
5.18% -10.31% 54.37% 15.03% 3
Basic Materials
2.48% -1.53% 22.56% 9.67% 3
Industrials
1.70% -4.05% 48.84% 22.99% 5
Real Estate
1.42% -3.46% 51.93% 14.80% 3
Financial Services
1.23% -5.62% 69.58% 26.09% 5
Consumer Defense
1.12% -2.25% 27.69% 19.38% 5
Communication Services
0.78% -0.84% 27.16% 13.78% 4
Energy
0.59% -4.44% 33.20% 20.21% 5
Utilities
0.05% -2.48% 47.20% 15.26% 5

Stock Geographic Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
Non US
5.31% -11.04% 150.26% 22.28% 4
US
0.29% -97.12% 142.41% 32.89% 5

Bond Sector Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
Securitized
38.10% -0.01% 39.14% 0.14% 1
Cash & Equivalents
8.21% -198.57% 99.77% 11.99% 2
Government
6.20% -84.93% 154.66% 18.62% 3
Corporate
6.11% 0.00% 83.77% 25.39% 4
Derivative
0.00% -84.53% 29.40% 3.11% 1
Municipal
0.00% 0.00% 80.51% 7.59% 4

Bond Geographic Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
US
28.00% -84.81% 93.26% 16.74% 3
Non US
20.42% -57.44% 171.61% 1.78% 1

BXMIX - Expenses

Operational Fees

BXMIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 3.03% 0.00% 165.34% 6.14% 5
Management Fee 1.92% 0.00% 2.55% 0.32% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

BXMIX Fees (% of AUM) Category Low Category High BXMIX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

BXMIX Fees (% of AUM) Category Low Category High BXMIX Rank Quintile
Max Redemption Fee N/A 0.00% 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.

BXMIX Fees (% of AUM) Category Low Category High BXMIX Rank Quintile
Turnover 237.00% 0.00% 5609.00% 3.18% 5

BXMIX - Distributions

Dividend Yield Analysis

BXMIX Category Low Category High BXMIX % Rank Quintile
Dividend Yield N/A 0.00% 11.33% N/A N/A

Dividend Distribution Analysis

BXMIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

BXMIX Category Low Category High BXMIX % Rank Quintile
Net Income Ratio 0.71% -3.27% 12.91% 16.67% 4

Capital Gain Distribution Analysis

BXMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

BXMIX - Managers

Stephen Sullens

Manager

Start Date

Jun 16, 2014

Tenure

3.04

Tenure Rank

5.5%

2006-Present: Senior Managing Director and Head of Portfolio Management for Hedge Fund Solutions, The Blackstone Group L.P. (“Blackstone”)


Alberto Santulin

Manager

Start Date

Jun 16, 2014

Tenure

3.04

Tenure Rank

5.5%

2005-Present: Managing Director, Blackstone (Hedge Fund Solutions)


Gideon Berger

Manager

Start Date

Apr 15, 2016

Tenure

1.21

Tenure Rank

6.9%

Gideon Berger is a Senior Managing Director for The Blackstone Group L.P.


Robert Jordan

Manager

Start Date

Apr 15, 2016

Tenure

1.21

Tenure Rank

6.9%

Robert Jordan is a Senior Managing Director for The Blackstone Group L.P.


Ian Morris

Manager

Start Date

Apr 15, 2016

Tenure

1.21

Tenure Rank

6.9%

Ian Morris is a Senior Managing Director for The Blackstone Group L.P.


David Mehenny

Manager

Start Date

Apr 15, 2016

Tenure

1.21

Tenure Rank

6.9%

David Mehenny is a Managing Director for The Blackstone Group L.P.


Tenure Analysis

Category Low

0.0

Category High

49.3

Category Average

5.58

Category Mode

2.5