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BXMIX Blackstone Alternative Multi-Strategy I

  • Fund
  • BXMIX
  • Price as of: Dec 11, 2017
  • $10.94
  • - $0.00
  • - 0.00%
  • Category
  • Diversified Portfolio

BXMIX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $5.23 B
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$10.94
$10.17
$11.04

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 7.1%
  • 3 Yr Annualized Total Return 4.0%
  • 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 7.1% -56.6% 455.1% 51.83% 3
1 Yr 8.2% -26.7% 45.9% 66.44% 4
3 Yr 4.0% * -11.4% 12.2% 58.26% 3
5 Yr N/A * -11.6% 15.7% N/A N/A
10 Yr N/A * -6.3% 9.0% 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% 64.62% 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 7.1% -56.6% 455.1% 52.04% 3
1 Yr 8.2% -28.0% 73.2% 56.69% 3
3 Yr 4.0% * -11.4% 28.2% 51.86% 3
5 Yr N/A * -11.9% 15.7% N/A N/A
10 Yr N/A * -6.3% 9.0% 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% 75.17% 4
2015 3.6% -29.3% 50.4% 1.68% 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: Jun 30, 2017

Concentration Analysis

BXMIX Category Low Category High BXMIX % Rank Quintile
Net Assets 5.23 B 81.4 K 121 B 2.24% 1
Number of Holdings 1802 1 12849 1.60% 1
Net Assets in Top 10 739 M -654 M 23.3 B 6.40% 2
Weighting of Top 10 16.0% 0.2% 455.9% 29.78% 5

Top 10 Holdings

  1. Glenview Capital Partners (Cayman), Ltd. (Cost $125,000,000) 3.25%
  2. Gcm Equity Partners Lp (Cost $91,734,684) 2.59%
  3. Federal National Mortgage Association,: 3.50% 2.32%
  4. Federal National Mortgage Association,: 4.50% 1.34%
  5. Federal National Mortgage Association,: 4.00% 1.33%
  6. U.S. Treasury Inflation Indexed Notes,: 0.63% 1.08%
  7. Structured Agency Credit Risk,: Series 2016-Dna1, Classm3, 6.77% 0.94%
  8. Federal National Mortgage Association,: Series2016-C06,class1m2, 5.47% 0.89%
  9. United Kingdom Gilt Inflation Linked Bond REG S 0.125% 03/22/24 - 0.88%
  10. Mandatory Exchangeable Tr Pfd 144A 1.41%

Asset Allocation

Weighting Category Low Category High BXMIX % Rank Quintile
Bonds
47.53% -109.09% 124.94% 7.99% 2
Other
34.00% -6.08% 98.84% 0.73% 1
Stocks
29.03% -1.21% 146.47% 26.95% 4
Convertible Bonds
1.75% 0.00% 33.12% 3.66% 1
Preferred Stocks
1.50% -0.04% 119.94% 5.40% 1
Cash
-13.81% -149.38% 110.98% 28.96% 5

Stock Sector Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
Healthcare
8.47% -8.22% 31.05% 7.58% 2
Technology
6.76% -6.57% 70.04% 16.72% 3
Consumer Cyclical
5.87% -10.84% 54.37% 13.30% 3
Basic Materials
2.00% -2.54% 21.85% 12.15% 3
Industrials
1.39% -2.74% 48.84% 23.33% 5
Real Estate
1.31% -3.87% 87.96% 15.01% 4
Consumer Defense
1.28% -2.25% 27.69% 18.34% 5
Financial Services
1.27% -8.51% 69.58% 25.82% 5
Communication Services
0.36% -1.63% 27.16% 14.41% 5
Energy
0.23% -4.89% 33.81% 20.97% 5
Utilities
0.03% -2.48% 47.20% 14.97% 5

Stock Geographic Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
US
23.09% -97.12% 143.85% 24.93% 4
Non US
5.94% -11.38% 150.81% 22.28% 4

Bond Sector Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
Securitized
36.07% -0.01% 64.34% 0.18% 1
Government
8.02% -339.71% 106.48% 16.47% 3
Corporate
6.70% 0.00% 212.43% 24.66% 4
Derivative
0.00% -84.53% 24.98% 3.61% 2
Municipal
0.00% 0.00% 207.05% 7.59% 4
Cash & Equivalents
-13.81% -145.53% 110.98% 28.36% 5

Bond Geographic Breakdown

Weighting Category Low Category High BXMIX % Rank Quintile
US
26.71% -186.20% 130.41% 16.97% 3
Non US
20.82% -57.44% 165.66% 1.56% 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% 6.41% 5
Management Fee 1.88% 0.00% 2.55% 0.37% 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 0.11% 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% 5910.00% 2.95% 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% 16.40% 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

3.46

Tenure Rank

5.4%

Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroup's hedge fund investment center. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. Previously, Mr. Sullens served as Manager of Alternative Investments for The Walt Disney Company, where he directed the company's alternative investment program, including investments in private equity, real estate, venture capital and hedge funds. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. He has earned the right to use the Chartered Financial Analyst designation.


Alberto Santulin

Manager

Start Date

Jun 16, 2014

Tenure

3.46

Tenure Rank

5.4%

Alberto Santulin is a Managing Director of the Hedge Fund Solutions Group. Before joining Blackstone in 2003, Mr. Santulin worked at Rasini & Co. Inc., a European fund-of-hedge-funds, where he opened and ran the New York office. Prior to joining Rasini, Mr. Santulin worked in London for Banque Paribas where he was in Fixed Income Derivatives Sales & Trading covering Italian institutions and hedge funds. Mr. Santulin received a BA with a major in Finance from Bocconi University in Milan, Italy. His degree dissertation is titled "Hedge Funds: Evolution and Investment Strategies." He has earned the right to use the Chartered Financial Analyst designation.


Gideon Berger

Manager

Start Date

Apr 15, 2016

Tenure

1.63

Tenure Rank

6.8%

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


Robert Jordan

Manager

Start Date

Apr 15, 2016

Tenure

1.63

Tenure Rank

6.8%

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


Ian Morris

Manager

Start Date

Apr 15, 2016

Tenure

1.63

Tenure Rank

6.8%

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


David Mehenny

Manager

Start Date

Apr 15, 2016

Tenure

1.63

Tenure Rank

6.8%

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


Min Htoo

Manager

Start Date

Jul 31, 2017

Tenure

0.33

Tenure Rank

7.7%

Min Htoo has been a senior managing director for Hedge Fund Solutions in Blackstone Alternative Investment Advisors LLC since 2017.


Tenure Analysis

Category Low

0.0

Category High

49.6

Category Average

5.65

Category Mode

0.7