Equity

BACAX

Energy Opportunities Fund

  • NAV as of Apr 25, 2025 $12.74
    52 WK: 11.66 - 14.51
  • 1 Day NAV Change as of Apr 25, 2025 0.03 (0.24%)
  • NAV Total Return as of Apr 25, 2025 YTD: -1.47%
  • Morningstar Rating

Overview

About this Fund

  • High Growth Potential Through Energy Equities
  • A Global, Multi-Cap Approach
  • Hedge Your Portfolio from Rising Energy Costs

Investment Approach

Invests primarily in securities of global energy companies and companies in associated businesses, in all capitalization ranges.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 1.82 8.64 23.97 3.67
Return w/ Sales Charge (%) -3.53 6.71 22.64 3.11
Benchmark (%) 3.01 9.01 24.10 4.99
Morningstar Category Avg. (%) -5.88 3.44 28.55 0.96
Morningstar Ranking 28/77 24/68 55/66 27/59
Morningstar Quartile 2 2 4 2
Lipper Category Avg. (%) -2.62 0.26 22.52 3.78
Lipper Ranking 19/64 5/58 22/54 28/49
Lipper Quartile 2 1 2 3
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 8.51 4.62 8.51 1.82 28.23 192.75 43.42
Return w/ Sales Charge (%) 2.81 -0.87 2.81 -3.53 21.50 177.38 35.89
Benchmark (%) 10.08 4.61 10.08 3.01 29.55 194.36 62.81
Morningstar Category Avg. (%) 1.42 0.74 1.42 -5.88 10.68 251.01 10.05
Lipper Category Avg. (%) 2.58 1.72 2.58 -2.62 1.78 187.83 47.52
  2020 2021 2022 2023 2024
Total Return (%) -29.65 42.93 43.06 2.60 3.79
Annual w/ Sales Charge (%) -33.34 35.42 35.55 -2.79 -1.66
Benchmark (%) -31.46 40.09 46.01 2.54 2.70
Morningstar Category Avg. (%) -24.54 44.81 45.02 1.61 1.17

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 25, 2025
$273.9 M
Share Class launch date
Feb 16, 2005
Benchmark Index
MSCI World Energy Index (USD)
Morningstar Category
Equity Energy
CUSIP
091937334
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 25, 2025
$161.0 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Global Natural Resources
Max Offer Price
as of Apr 25, 2025
$13.45
Turnover Percent in the Annual Report
as of May 31, 2024
35%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Mar 31, 2025
28
P/E Ratio - Forward
as of Mar 31, 2025
13.77
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Mar 31, 2025
21.51
Best 3-Month Return Over the Last 3 Years
3 months ending Dec 31, 2022
17.96%
Active Share
as of Mar 31, 2025
31.95%
P/B Ratio
as of Mar 31, 2025
1.93
Alpha (3y)
as of Mar 31, 2025
-0.01
R-Squared (3y)
as of Mar 31, 2025
99.19
Beta (3y)
as of Mar 31, 2025
0.97
Worst 3-Month Return Over the Last 3 Years
3 months ending Aug 31, 2022
-8.45%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.36%
Net Expense Ratio 1.32%

Net Expense Ratio excluding Investment Related Expenses is 1.32%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Energy Opportunities Fund, as of Mar 31, 2025 rated against 68 Equity Energy Funds based on risk adjusted total return.

Lipper Leader

 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Mar 31, 2025 out of 58, 12,247, 58, 23 and 58 Funds, respectively in Lipper's Global Natural Resources classification.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
EXXON MOBIL CORP 19.53
CHEVRON CORP 10.71
SHELL PLC 9.89
CONOCOPHILLIPS 4.75
WILLIAMS COMPANIES INC 4.23
Name Weight (%)
BP PLC 4.17
CANADIAN NATURAL RESOURCES LTD 3.95
TOTALENERGIES SE 3.92
EOG RESOURCES INC 3.90
SUNCOR ENERGY INC 3.68
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2025

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Mark Hume
Mark Hume
Portfolio Manager

Literature

Literature

 

Funds related to BACAX

Funds related to BACAX

MAGRX
Natural Resources Trust
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IGE
iShares North American Natural Resources ETF
Learn more about IGE
PICK
iShares MSCI Global Metals & Mining Producers ETF
Learn more about PICK

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