BlackRock Multi-Asset Real Return Inv A
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
-1.8%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
N/A
Net Assets
$46.6 M
Holdings in Top 10
46.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.48%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BRRAX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return -2.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.38%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameBlackRock Multi-Asset Real Return Fund
-
Fund Family NameBlackRock
-
Inception DateDec 28, 2012
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPhilip J. Green
Fund Description
BRRAX - Performance
Return Ranking - Trailing
Period | BRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -52.8% | 26.1% | N/A |
1 Yr | -1.8% | -63.0% | 12.9% | N/A |
3 Yr | -0.2%* | -27.3% | 13.0% | N/A |
5 Yr | N/A* | -24.1% | 8.5% | N/A |
10 Yr | N/A* | -14.6% | 9.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | BRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -34.6% | 1.6% | N/A |
2022 | N/A | -12.4% | 33.2% | N/A |
2021 | N/A | -65.8% | 23.3% | N/A |
2020 | N/A | -64.9% | 4.8% | N/A |
2019 | N/A | -29.5% | 68.3% | N/A |
Total Return Ranking - Trailing
Period | BRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -52.8% | 26.1% | N/A |
1 Yr | -6.9% | -60.8% | 13.2% | N/A |
3 Yr | -2.0%* | -22.8% | 13.9% | N/A |
5 Yr | N/A* | -21.4% | 47.5% | N/A |
10 Yr | N/A* | -12.2% | 12.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | BRRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -32.7% | 1.6% | N/A |
2022 | N/A | -8.4% | 33.2% | N/A |
2021 | N/A | -65.2% | 23.3% | N/A |
2020 | N/A | -62.9% | 9.2% | N/A |
2019 | N/A | -28.5% | 76.9% | N/A |
BRRAX - Holdings
Concentration Analysis
BRRAX | Category Low | Category High | BRRAX % Rank | |
---|---|---|---|---|
Net Assets | 46.6 M | 604 K | 147 B | N/A |
Number of Holdings | 271 | 2 | 13410 | N/A |
Net Assets in Top 10 | 24 M | -120 M | 26.4 B | N/A |
Weighting of Top 10 | 46.47% | 5.5% | 3196.0% | N/A |
Top 10 Holdings
- Financial Select Sector SPDR® ETF 6.00%
- iShares Gold Trust 5.63%
- Health Care Select Sector SPDR® ETF 4.79%
- Energy Select Sector SPDR® ETF 3.55%
- US Treasury Note 1.83%
- US Treasury Note 1.82%
- US Treasury Note 1.81%
- US Treasury Note 1.52%
- US Treasury Note 1.51%
Asset Allocation
Weighting | Return Low | Return High | BRRAX % Rank | |
---|---|---|---|---|
Bonds | 52.66% | 0.00% | 261.66% | N/A |
Stocks | 32.15% | -37.73% | 135.47% | N/A |
Cash | 8.27% | -283.85% | 353.31% | N/A |
Other | 6.93% | -253.31% | 53.08% | N/A |
Preferred Stocks | 0.00% | 0.00% | 65.70% | N/A |
Convertible Bonds | 0.00% | 0.00% | 26.85% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | BRRAX % Rank | |
---|---|---|---|---|
Energy | 9.11% | -2.23% | 27.44% | N/A |
Real Estate | 6.89% | -3.22% | 75.65% | N/A |
Financial Services | 6.12% | -0.41% | 47.66% | N/A |
Healthcare | 5.78% | -1.99% | 45.45% | N/A |
Technology | 1.22% | -3.22% | 31.95% | N/A |
Consumer Defense | 1.13% | -4.62% | 17.45% | N/A |
Consumer Cyclical | 0.72% | -9.59% | 42.25% | N/A |
Industrials | 0.43% | -0.36% | 27.17% | N/A |
Communication Services | 0.35% | -0.92% | 6.87% | N/A |
Basic Materials | 0.30% | -1.56% | 22.61% | N/A |
Utilities | 0.09% | -0.12% | 23.50% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BRRAX % Rank | |
---|---|---|---|---|
US | 29.44% | -39.12% | 134.61% | N/A |
Non US | 2.71% | -76.83% | 74.42% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | BRRAX % Rank | |
---|---|---|---|---|
Government | 36.17% | -57.27% | 316.66% | N/A |
Corporate | 16.01% | 0.00% | 86.09% | N/A |
Cash & Equivalents | 8.02% | -277.47% | 353.31% | N/A |
Securitized | 0.38% | -31.43% | 45.07% | N/A |
Derivative | 0.09% | -234.33% | 21.15% | N/A |
Municipal | 0.00% | 0.00% | 99.83% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BRRAX % Rank | |
---|---|---|---|---|
US | 51.90% | -215.69% | 201.54% | N/A |
Non US | 0.76% | -64.26% | 220.06% | N/A |
BRRAX - Expenses
Operational Fees
BRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.48% | 0.00% | 11.64% | N/A |
Management Fee | 0.60% | 0.00% | 2.50% | N/A |
12b-1 Fee | 0.25% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.00% | 0.83% | N/A |
Sales Fees
BRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.25% | 0.14% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
BRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.11% | 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.
BRRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 42.00% | 0.00% | 6067.00% | N/A |
BRRAX - Distributions
Dividend Yield Analysis
BRRAX | Category Low | Category High | BRRAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.01% | N/A |
Dividend Distribution Analysis
BRRAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
BRRAX | Category Low | Category High | BRRAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.38% | -4.09% | 6.99% | N/A |
Capital Gain Distribution Analysis
BRRAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
BRRAX - Fund Manager Analysis
Managers
Philip J. Green
Start Date
Tenure
Tenure Rank
Dec 28, 2012
3.51
3.5%
Green is Managing Director and co-head of the Global Multi-Asset Strategies team in BlackRock's Multi-Asset Client Solutions (BMACS) group. He is the lead portfolio manager for BlackRock's Asset Allocation Fund, Hedged Equity Platform, Prepared Portfolios (Target Date/Target Risk) and other multi-asset retail and institutional portfolios. Mr. Green's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was responsible for a variety of asset allocation and equity strategies. Prior to joining MLIM, Mr. Green was a Managing Director at Bankers Trust Company. During his career, Mr. Green has helped build and lead a quantitative equity team, an active asset allocation team and a currency overlay team. He is the author of many articles on investing, some of which have been published in the Financial Analysts Journal, Journal of Foreign Exchange & Money Markets, and the Journal of Investing. Mr. Green earned a BS degree in economics from the Wharton School of the University of Pennsylvania and an MBA degree in finance from the Stern School of Business of New York University.
Justin Christofel
Start Date
Tenure
Tenure Rank
Dec 28, 2012
3.51
3.5%
Justin Christofel, CFA, CAIA, Vice President and portfolio manager, is a member of the BlackRock Multi-Asset Client Solutions (BMACS) group, which is responsible for developing, assembling and managing investment solutions involving multiple strategies and asset classes. Mr. Christofel's research responsibilities include economics, global rates, and credit. Prior to joining BlackRock in 2007, Mr. Christofel was with Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance. Mr. Christofel earned a BA degree, with honors, in economics and mathematics from Yale University
Michael Fredericks
Start Date
Tenure
Tenure Rank
Dec 28, 2012
3.51
3.5%
Michael Fredericks, Managing Director, is head of US Retail Asset Allocation for the BlackRock Multi-Asset Client Solutions (BMACS) group. He is responsible for the development and management of asset allocation strategies for retail clients. Mr. Fredericks joined BlackRock in 2011 from JPMorgan Asset Management where he was an Executive Director and portfolio manager in the Global Multi-Asset Group (GMAG) responsible for retail asset allocation solutions. At JPMorgan he managed both tactical constrained and absolute return strategies, co-managed the JPMorgan Diversified Fund and the JPMorgan Income Builder Fund, and served on the GMAG New York investment committee. Previously he was an equity analyst responsible for global consumer discretionary stocks at Nicholas Applegate Capital Management. He also performed investment manager due diligence at Callan Associates. Mr. Fredericks holds a B.A. in Economics and History from the University of California, Berkeley and an M.P.I.A. from the Graduate School of International Relations and Pacific Studies at the University of California, San Diego.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 38.52 | 6.47 | 7.12 |