BlackRock Multi-Sector Opportunities Trust II
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$79.6 M
Holdings in Top 10
18.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XMSAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.11%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameBlackRock Multi-Sector Opportunities Trust II
-
Fund Family NameBlackRock-advised Funds
-
Inception DateApr 15, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSacha Bacro
Fund Description
XMSAX - Performance
Return Ranking - Trailing
Period | XMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -11.2% | 16.2% | 61.88% |
1 Yr | N/A | -13.7% | 14.5% | 25.36% |
3 Yr | N/A* | -17.5% | 18.7% | 43.77% |
5 Yr | N/A* | -12.1% | 13.8% | N/A |
10 Yr | N/A* | -13.0% | 6.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | XMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -31.8% | 18.4% | 93.76% |
2022 | N/A | -26.6% | 25.7% | 78.68% |
2021 | N/A | -49.2% | 18.7% | 97.89% |
2020 | N/A | -35.1% | 15.3% | N/A |
2019 | N/A | -48.0% | 3.4% | N/A |
Total Return Ranking - Trailing
Period | XMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -11.2% | 16.2% | 61.88% |
1 Yr | N/A | -13.7% | 14.5% | 25.36% |
3 Yr | N/A* | -17.5% | 18.7% | 43.77% |
5 Yr | N/A* | -12.1% | 13.8% | N/A |
10 Yr | N/A* | -13.0% | 6.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | XMSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -31.8% | 21.1% | 89.55% |
2022 | N/A | -13.5% | 49.9% | 24.02% |
2021 | N/A | -28.6% | 24.1% | 91.56% |
2020 | N/A | -4.8% | 19.1% | N/A |
2019 | N/A | -37.3% | 8.0% | N/A |
NAV & Total Return History
XMSAX - Holdings
Concentration Analysis
XMSAX | Category Low | Category High | XMSAX % Rank | |
---|---|---|---|---|
Net Assets | 79.6 M | 2.32 M | 127 B | 86.30% |
Number of Holdings | 479 | 3 | 11525 | 49.06% |
Net Assets in Top 10 | 15 M | -1.57 B | 47.7 B | 89.03% |
Weighting of Top 10 | 18.87% | 0.7% | 178.3% | 69.94% |
Top 10 Holdings
- Saxon Asset Securities Trust 2007-1 3.07%
- Uniform Mortgage-Backed Security, TBA 2.61%
- CarVal CLO II Ltd 2.32%
- GSAA Home Equity Trust 2005-14 1.79%
- BlackRock Liquidity Funds: T-Fund, Institutional Shares 1.69%
- OCP Clo 2019-17 Ltd 1.69%
- CarVal CLO III Ltd 1.46%
- OAFIT A NOTE UPSIZE 1.43%
- Structured Asset Securities Corp Mortgage Loan Trust Series 2006-RF3 1.40%
- Signal Peak CLO 7 Ltd 1.40%
Asset Allocation
Weighting | Return Low | Return High | XMSAX % Rank | |
---|---|---|---|---|
Bonds | 97.98% | -150.81% | 194.41% | 18.04% |
Convertible Bonds | 3.73% | 0.00% | 33.50% | 26.07% |
Cash | 2.00% | -94.66% | 258.91% | 70.42% |
Stocks | 0.54% | -4.16% | 111.46% | 42.86% |
Preferred Stocks | 0.00% | 0.00% | 29.97% | 72.44% |
Other | -0.19% | -57.67% | 100.00% | 86.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XMSAX % Rank | |
---|---|---|---|---|
Energy | 68.12% | 0.00% | 100.00% | 22.89% |
Consumer Cyclical | 25.88% | 0.00% | 89.95% | 5.00% |
Real Estate | 3.85% | 0.00% | 100.00% | 27.11% |
Technology | 0.64% | 0.00% | 29.61% | 31.58% |
Financial Services | 0.37% | 0.00% | 100.00% | 53.42% |
Healthcare | 0.35% | 0.00% | 100.00% | 32.37% |
Communication Services | 0.29% | 0.00% | 100.00% | 39.74% |
Industrials | 0.22% | 0.00% | 100.00% | 47.89% |
Consumer Defense | 0.16% | 0.00% | 99.97% | 35.79% |
Utilities | 0.06% | 0.00% | 100.00% | 42.63% |
Basic Materials | 0.06% | 0.00% | 100.00% | 38.95% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XMSAX % Rank | |
---|---|---|---|---|
US | 0.54% | -4.01% | 111.46% | 39.97% |
Non US | 0.00% | -0.15% | 17.73% | 59.31% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XMSAX % Rank | |
---|---|---|---|---|
Corporate | 62.16% | 0.00% | 97.25% | 20.39% |
Securitized | 28.40% | 0.00% | 99.65% | 30.95% |
Government | 5.76% | 0.00% | 99.43% | 66.07% |
Cash & Equivalents | 2.00% | 0.00% | 99.42% | 59.77% |
Municipal | 0.00% | 0.00% | 54.26% | 68.45% |
Derivative | -1.14% | -57.67% | 45.33% | 93.92% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XMSAX % Rank | |
---|---|---|---|---|
US | 80.28% | -151.11% | 194.41% | 43.58% |
Non US | 17.70% | 0.00% | 71.97% | 19.62% |
XMSAX - Expenses
Operational Fees
XMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.36% | 0.01% | 35.38% | 12.54% |
Management Fee | 1.79% | 0.00% | 2.29% | 96.28% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
XMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
XMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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.
XMSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 39.00% | 0.00% | 632.00% | 14.34% |
XMSAX - Distributions
Dividend Yield Analysis
XMSAX | Category Low | Category High | XMSAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 17.69% | 88.84% |
Dividend Distribution Analysis
XMSAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
XMSAX | Category Low | Category High | XMSAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.11% | -1.55% | 11.51% | 8.96% |
Capital Gain Distribution Analysis
XMSAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 30, 2022 | $1.578 | OrdinaryDividend |
Mar 31, 2022 | $1.578 | OrdinaryDividend |
Dec 30, 2021 | $1.560 | OrdinaryDividend |
Sep 29, 2021 | $1.560 | OrdinaryDividend |
Jun 29, 2021 | $1.560 | OrdinaryDividend |
Mar 30, 2021 | $1.560 | OrdinaryDividend |
Dec 30, 2020 | $1.122 | OrdinaryDividend |
Sep 29, 2020 | $1.333 | OrdinaryDividend |
Jun 29, 2020 | $1.333 | OrdinaryDividend |
Mar 30, 2020 | $1.333 | OrdinaryDividend |
Sep 27, 2019 | $1.642 | OrdinaryDividend |
XMSAX - Fund Manager Analysis
Managers
Sacha Bacro
Start Date
Tenure
Tenure Rank
Apr 16, 2019
3.13
3.1%
Sacha M. Bacro, Managing Director, is Co-head of the Opportunistic Investment business within BlackRock’s Global Fixed Income Platform. In his role, Mr. Bacro works globally evaluating, capturing and adding alpha generating strategies derived from the evolution of fixed income markets. Mr. Bacro joined BlackRock in 1995 and has been involved with the development and leadership of BlackRock’s alternative business throughout his career. Previously, Mr. Bacro was a founder of BlackRock Capital Investment Corporation, an exchange-listed middle market business development company, and served on its investment committee for over a decade. Additionally, Mr. Bacro has extensive international experience, having been a founding member of and head of investment management at Nomura BlackRock Asset Management in Japan from 1999 to 2001. Mr. Bacro earned a BA degree in mathematics and economics from Bowdoin College in 1994.
Rick Rieder
Start Date
Tenure
Tenure Rank
Apr 16, 2019
3.13
3.1%
Rick Rieder, Managing Director, is BlackRock's Global Chief Investment Officer of Fixed Income, and Co-head of BlackRock's Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock firm-wide Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013, and was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's eleven Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.
Robert Wuertz
Start Date
Tenure
Tenure Rank
Apr 16, 2019
3.13
3.1%
Robert Wuertz, Director, is part of the Securitized Assets team and a member of Americas Fixed Income within Alpha Strategies. He is a portfolio manager for Structured Credit Products, specializing in credit correlation and volatility trading. Prior to joining BlackRock in 2012, Mr. Wuertz was an Executive Director and Co-head of Strategic Credit Trading at Nomura Securities. Previously, he was Head of Liquid Tranche Trading at Barclays Capital from 2008 to 2009 and US Head of Flow Credit Derivatives at Lehman Brothers, where he began his career, from 2002 through 2008. Mr. Wuertz earned an AB degree, magna cum laude, in economics from Princeton University in 2002.
Jacob Caplain
Start Date
Tenure
Tenure Rank
Apr 16, 2019
3.13
3.1%
Jacob Caplain, Vice President, is a member of the Global Fixed Income Platform. He focuses on portfolio construction, asset allocation, and analytics across the multi-sector mutual funds platform, focusing on yield-driven strategies. He specializes in fundamental research on macro trends in Emerging Markets. Mr. Caplain has also been a member of the Risk and Quantitative Analysis group within BlackRock, responsible for risk management across the multi-sector mutual funds platform. Mr. Caplain earned a BA degree, magna cum laude, in Financial Economics from Columbia University in 2012.
Amer Bisat
Start Date
Tenure
Tenure Rank
Apr 16, 2019
3.13
3.1%
Amer Bisat, PhD., Managing Director, is an Emerging Markets portfolio manager within BlackRock’s Americas Fixed Income Group. In this capacity, he works closely with the various portfolio managers in the group formulating and implementing investable emerging markets themes in local markets, FX, and sovereign and corporate credit spaces. Mr. Bisat’s service with the firm dates back to 2013. Prior to BlackRock, he was a partner in two macro hedge funds (Traxis and Rubicon), and held portfolio management responsibilities at UBS and Morgan Stanley Investment Management. Between 1991 and 1998, he was a senior economist at the International Monetary Fund where he helped negotiate high profile programs with Russia, Ukraine, and Egypt. Mr. Bisat has taught graduate level economics courses at Columbia University. He co-authored a book on globalization and academic and policy papers on growth and financial sector development issues. He is a trustee of a number of Middle Eastern cultural and art institutions and a member of the Council of Foreign Relations.
Ron Redmond
Start Date
Tenure
Tenure Rank
Apr 16, 2019
3.13
3.1%
Ron Redmond, Managing Director, is Co-head of the Opportunistic Investments business and a member of Americas Fixed Income within Alpha Strategies. He is a portfolio manager focusing on illiquid and bespoke credit investments. Ron joined Blackrock from Deutsche Bank where he spent six years managing a proprietary trading desk focused on similar asset classes. Prior to Deutsche Bank Ron worked at Five Mile Capital a hedge fund where he focused on investments in structured finance, mezzanine debt and leveraged finance. Ron earned a BA degree from Boston College and an MBA from New York University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |