BAMBX: BlackRock Systematic Multi-Strat Inv A

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BAMBX BlackRock Systematic Multi-Strat Inv A

  • Fund
  • BAMBX
  • Price as of: Nov 20, 2019
  • $10.12 + $0.03 + 0.30%

BAMBX - Profile

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $239 M
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$10.12
$9.43
$10.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.73%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 426.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name BlackRock Systematic Multi-Strategy Fund
  • Fund Family Name BlackRock
  • Inception Date May 19, 2015
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Scott Radell

Fund Description

The fund seeks to achieve its investment objective by investing in a range of global asset classes, with a focus on fixed and floating rate debt securities and equity securities. It will normally invest in both U.S. and non-U.S. securities, including securities of companies located in emerging markets.

BAMBX - Fund Company Quick Screens

BAMBX - Performance

Return Ranking - Trailing

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -11.8% 80.1% 46.26%
1 Yr 6.4% -16.5% 34.4% 55.57%
3 Yr N/A* -10.3% 10.7% N/A
5 Yr N/A* -9.0% 22.1% N/A
10 Yr N/A* -5.4% 12.3% N/A

* Annualized


Return Ranking - Calendar

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -53.1% 2.2% N/A
2017 N/A -9.1% 15.4% N/A
2016 N/A -12.3% 219.0% N/A
2015 N/A -29.9% 14.0% N/A
2014 N/A -22.4% 200.4% N/A

Total Return Ranking - Trailing

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -11.8% 80.1% 47.60%
1 Yr 8.2% -16.5% 34.4% 40.96%
3 Yr N/A* -10.3% 14.9% N/A
5 Yr N/A* -7.1% 31.9% N/A
10 Yr N/A* -5.4% 21.0% N/A

* Annualized


Total Return Ranking - Calendar

Period BAMBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -53.1% 3.8% N/A
2017 N/A -6.6% 21.6% N/A
2016 N/A -12.3% 242.1% N/A
2015 N/A -29.9% 22.6% N/A
2014 N/A -22.2% 203.8% N/A

NAV & Total Return History

BAMBX - Holdings

Concentration Analysis

BAMBX Category Low Category High BAMBX % Rank
Net Assets 239 M 926 K 14.1 B 47.34%
Number of Holdings 1309 5 3572 5.92%
Net Assets in Top 10 36.6 M -144 M 11.4 B 59.02%
Weighting of Top 10 16.27% 5.6% 1055.7% 86.83%

Top 10 Holdings

  1. United States Treasury Notes 1.5% 4.42%

  2. United States Treasury Notes 1.88% 3.14%

  3. United States Treasury Notes 1.88% 2.24%

  4. Federal Home Loan Mortgage Corporation 4.5% 1.69%

  5. COMM MTG TR 2014-TWC 2.86% 0.94%

  6. AVANT LOANS FUNDING TRUST 2.72% 0.89%

  7. Federal Home Loan Mortgage Corporation 3.5% 0.77%

  8. Altria Group Inc 0.74%

  9. Federal Home Loan Mortgage Corporation 3.5% 0.73%

  10. United States Treasury Notes 2.38% 0.71%


Asset Allocation

Weighting Return Low Return High BAMBX % Rank
Bonds
97.69% 80.10% 1025.08% 34.91%
Stocks
7.92% -61.27% 110.51% 22.04%
Convertible Bonds
1.08% 0.00% 50.87% 20.71%
Preferred Stocks
0.00% 0.00% 10.86% 24.41%
Other
0.00% -31.37% 67.70% 30.03%
Cash
-6.69% -1000.79% 20.55% 71.89%

Stock Sector Breakdown

Weighting Return Low Return High BAMBX % Rank
Financial Services
3.05% -0.26% 16.51% 31.71%
Consumer Cyclical
2.23% -0.20% 23.34% 29.17%
Utilities
2.10% -0.05% 38.40% 9.26%
Real Estate
1.81% -0.61% 8.32% 13.43%
Technology
1.34% -1.46% 25.53% 31.94%
Industrials
1.02% -0.16% 27.15% 33.56%
Consumer Defense
0.34% -1.16% 8.02% 36.11%
Energy
0.03% -4.19% 6.08% 51.39%
Basic Materials
-0.52% -0.52% 6.18% 99.54%
Healthcare
-1.62% -1.62% 16.17% 99.54%
Communication Services
-1.88% -1.88% 6.67% 99.54%

Stock Geographic Breakdown

Weighting Return Low Return High BAMBX % Rank
US
9.07% -61.27% 102.46% 18.49%
Non US
-1.15% -3.71% 48.86% 99.41%

Bond Sector Breakdown

Weighting Return Low Return High BAMBX % Rank
Securitized
52.16% 0.00% 113.77% 2.96%
Corporate
35.77% 0.00% 242.29% 22.04%
Government
10.80% -1.71% 1025.08% 92.90%
Derivative
0.04% -167.75% 61.05% 20.41%
Municipal
0.00% 0.00% 74.38% 19.38%
Cash & Equivalents
-6.69% -999.86% 49.97% 72.19%

Bond Geographic Breakdown

Weighting Return Low Return High BAMBX % Rank
US
94.24% -66.44% 1120.91% 8.58%
Non US
3.45% -95.83% 193.82% 90.09%

BAMBX - Expenses

Operational Fees

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.73% 0.17% 290.47% 13.10%
Management Fee 0.80% 0.00% 2.50% 79.64%
12b-1 Fee 0.25% 0.00% 1.00% 24.27%
Administrative Fee 0.06% 0.00% 0.50% 38.58%

Sales Fees

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.15% 5.75% 60.58%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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.

BAMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 426.00% 0.00% 963.00% 96.29%

BAMBX - Distributions

Dividend Yield Analysis

BAMBX Category Low Category High BAMBX % Rank
Dividend Yield 0.00% 0.00% 13.32% 88.76%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BAMBX Category Low Category High BAMBX % Rank
Net Income Ratio 2.21% -1.65% 8.90% 58.28%

Capital Gain Distribution Analysis

BAMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

BAMBX - Managers

Scott Radell

Manager

Start Date

Tenure

Tenure Rank

May 19, 2015

4.45

4.5%

Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.


Tom Parker

Manager

Start Date

Tenure

Tenure Rank

May 19, 2015

4.45

4.5%

Managing Director of BlackRock, Inc. since 2009; Chief Investment Officer of BlackRock’s Systematic Fixed Income Group since 2015;Deputy Chief Investment Officer of BlackRock’s Model-Based Fixed Income Portfolio Management Group since 2010; Co-Head of Credit Investments and Member of the Fixed Income Research Approval Committee of Barclays Global Investors (“BGI”) from 2001 to 2009.


Jeffrey Rosenberg

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2018

1.08

1.1%

Managing Director of BlackRock, Inc. since 2011; Chief Fixed Income Strategist and member of the BlackRock Investment Institute since 2016; Chief Investment Strategist for Fundamental Fixed Income at BlackRock since 2011; Chief Credit Strategist at Bank of America Merrill Lynch from 2002 to 2011.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.75

Category Mode

10.17