BXMIX: Blackstone Alternative Multi-Strategy I

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BXMIX Blackstone Alternative Multi-Strategy I


Profile

BXMIX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $8.18 B
  • Holdings in Top 10 19.6%

52 WEEK LOW AND HIGH

$10.84
$10.65
$11.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.19%

SALES FEES

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

BROKERAGE FEES

  • Turnover 203.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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

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Categories

BXMIX - Mutual Fund Categories


Performance

BXMIX - Performance

Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -9.2% 5.1% 50.47%
1 Yr 0.8% -13.2% 19.6% 89.69%
3 Yr 1.3%* -10.0% 10.3% 57.46%
5 Yr 1.2%* -10.8% 6.1% 34.90%
10 Yr N/A* -2.1% 7.3% N/A

* Annualized

Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -7.3% 25.8% 94.53%
2018 -3.4% -32.7% 0.0% 3.70%
2017 5.1% -3.7% 29.4% 67.73%
2016 0.9% -43.7% 16.1% 84.21%
2015 1.0% -19.5% 1.0% 0.52%

Total Return Ranking - Trailing

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -9.2% 5.1% 50.47%
1 Yr 0.8% -13.2% 19.6% 89.69%
3 Yr 2.0%* -10.0% 11.7% 74.61%
5 Yr 2.2%* -10.8% 7.9% 64.58%
10 Yr N/A* -2.1% 11.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BXMIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -7.3% 25.8% 94.53%
2018 -3.4% -32.7% 0.0% 3.90%
2017 7.2% -3.7% 29.4% 79.32%
2016 1.3% -43.7% 20.7% 89.47%
2015 3.5% -19.5% 6.2% 0.79%

NAV & Total Return History


Holdings

BXMIX - Holdings

Concentration Analysis

BXMIX Category Low Category High BXMIX % Rank
Net Assets 8.18 B 1.73 M 115 B 16.00%
Number of Holdings 2247 52 4507 9.68%
Net Assets in Top 10 1.57 B 202 K 21.2 B 16.32%
Weighting of Top 10 19.63% 5.1% 170.2% 62.43%

Top 10 Holdings

  1. United States Treasury Notes 3.63% 3.32%
  2. Ejf Debt Opportunities Offshore Fund, 3.20%
  3. United States Treasury Notes 1.38% 2.98%
  4. Federal National Mortgage Association 4% 2.61%
  5. Glenview Capital Partners 1.88%
  6. Iraq International Bond, : 5.80% 1.46%
  7. Aeolus Property Catastrophe Keystone Pf Fund Lp 1.35%
  8. Intelsat Jackson Holdings, Ltd. 8.5% 0.98%
  9. Gcm Equity Master Fund Lp 0.93%
  10. Federal National Mortgage Association, Series2018-C01,class1m2, 4.65% ,,, 0.93%

Asset Allocation

Weighting Return Low Return High BXMIX % Rank
Bonds
64.02% 19.71% 76.70% 1.90%
Stocks
29.19% 22.67% 80.06% 92.98%
Other
14.62% -2.50% 62.73% 3.42%
Convertible Bonds
1.18% 0.00% 13.83% 19.17%
Preferred Stocks
0.01% 0.00% 21.57% 69.26%
Cash
-9.02% -77.88% 50.88% 95.83%

Stock Sector Breakdown

Weighting Return Low Return High BXMIX % Rank
Healthcare
32.48% 0.00% 38.81% 0.77%
Financial Services
16.07% 0.00% 41.89% 48.08%
Consumer Cyclical
13.86% 0.00% 28.06% 4.41%
Technology
13.65% 0.00% 33.84% 48.08%
Industrials
10.45% 0.22% 21.62% 42.53%
Energy
3.87% -0.17% 41.94% 76.63%
Consumer Defense
3.64% 0.00% 33.90% 85.44%
Real Estate
3.29% 0.00% 84.89% 66.67%
Utilities
1.36% -0.17% 28.14% 83.14%
Basic Materials
1.16% 0.00% 16.54% 92.34%
Communication Services
0.16% 0.00% 28.30% 97.32%

Stock Geographic Breakdown

Weighting Return Low Return High BXMIX % Rank
US
26.74% -0.12% 61.27% 59.39%
Non US
2.45% 1.90% 56.89% 98.67%

Bond Sector Breakdown

Weighting Return Low Return High BXMIX % Rank
Securitized
42.99% 0.00% 64.61% 3.80%
Government
29.15% 0.00% 100.00% 52.18%
Corporate
14.05% 0.00% 98.30% 81.78%
Cash & Equivalents
13.49% -20.20% 67.01% 56.74%
Municipal
0.33% 0.00% 21.30% 22.01%
Derivative
0.00% -4.16% 44.33% 82.92%

Bond Geographic Breakdown

Weighting Return Low Return High BXMIX % Rank
US
43.85% -0.30% 78.99% 4.74%
Non US
20.17% -56.41% 46.70% 14.99%

Expenses

BXMIX - Expenses

Operational Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.19% 0.07% 26.19% 5.04%
Management Fee 1.86% 0.00% 1.95% 98.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

BXMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 203.00% 14.00% 347.00% 94.83%

Distributions

BXMIX - Distributions

Dividend Yield Analysis

BXMIX Category Low Category High BXMIX % Rank
Dividend Yield 0.00% 0.00% 3.21% 89.96%

Dividend Distribution Analysis

BXMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Semi-Annually Quarterly Quarterly

Net Income Ratio Analysis

BXMIX Category Low Category High BXMIX % Rank
Net Income Ratio 0.94% -0.35% 6.29% 90.02%

Capital Gain Distribution Analysis

BXMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BXMIX - Fund Manager Analysis

Managers

Stephen Sullens


Start Date

Tenure

Tenure Rank

Jun 16, 2014

5.63

5.6%

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


Start Date

Tenure

Tenure Rank

Jun 16, 2014

5.63

5.6%

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.

Ian Morris


Start Date

Tenure

Tenure Rank

Apr 15, 2016

3.8

3.8%

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

Robert Jordan


Start Date

Tenure

Tenure Rank

Apr 15, 2016

3.8

3.8%

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

Gideon Berger


Start Date

Tenure

Tenure Rank

Apr 15, 2016

3.8

3.8%

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

Min Htoo


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.5

2.5%

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

Raymond Chan


Start Date

Tenure

Tenure Rank

Sep 11, 2019

0.39

0.4%

Raymond Chan is a managing director in the GPS Group, based in New York, a senior portfolio manager and a member of the GPS Investment Committee. Previously, he was a member of the Cross Asset Solutions and Pension Endowment and Foundations groups within the Securities Division, where he developed and implemented customized investing and hedging solutions for institutional clients. Mr. Chan first joined Goldman Sachs in 2004 as an associate in the Investment Management division. He was named managing director in 2012. Before joining the firm, he worked as a management consultant specializing in financial services at Oliver, Wyman and Company. Mr. Chan earned an AB, magna cum laude, in biochemistry from Harvard College, and an MBA in finance from The Wharton School at the University of Pennsylvania. He is a CFA charter holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.1 6.21 0.61