Commodity

BCSKX

Commodity Strategies Fund

  • NAV as of Mar 07, 2025 $8.86
    52 WK: 8.16 - 9.11
  • 1 Day NAV Change as of Mar 07, 2025 0.04 (0.45%)
  • NAV Total Return as of Mar 07, 2025 YTD: 6.62%
  • Morningstar Rating
  • Fees as stated in the prospectus Expense Ratio: 0.77%
    Net Expense Ratio: 0.67%

Overview

Investment Approach

Invests in two strategies, approximately equally. One strategy focuses on commodity-linked derivatives, the other focuses on equity investments in commodity-related companies, including mining, energy and agricultural companies.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 4.46 3.89 7.97 3.45
Benchmark (%) 5.38 4.05 6.77 1.28
Morningstar Category Avg. (%) 5.84 5.08 7.69 2.23
Morningstar Ranking 77/106 37/98 29/93 -
Morningstar Quartile 4 2 2 1
Lipper Ranking 73/106 37/99 28/95 -
Lipper Quartile 3 2 2 -
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 4.46 -3.18 -4.27 4.46 12.13 46.75 40.36
Benchmark (%) 5.38 1.02 -0.45 5.38 12.66 38.73 13.56
Morningstar Category Avg. (%) 5.84 0.71 0.08 5.84 16.02 44.84 24.66
  2020 2021 2022 2023 2024
Total Return (%) 6.85 22.48 12.13 -4.27 4.46
Benchmark (%) -3.12 27.11 16.09 -7.91 5.38
Morningstar Category Avg. (%) -3.09 29.74 15.74 -5.56 5.84

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.
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Key Facts

Key Facts

Size of Fund (Millions)
as of Mar 07, 2025
$617.4 M
Share Class Launch Date
Jan 25, 2018
Benchmark Index
Bloomberg Commodity Index Total Return
Morningstar Category
Commodities Broad Basket
CUSIP
09258N273
Open to New Investors
No
Size of Class (Millions)
as of Mar 07, 2025
$108.6 M
Asset Class
Commodity
Distribution Frequency
Annual
Lipper Classification
Commodities General
Max Offer Price
as of Mar 07, 2025
$8.86
Turnover Percent in the Annual Report
as of May 31, 2024
53%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio
as of Feb 28, 2025
19.04
Alpha (3y)
as of Feb 28, 2025
0.13
R-Squared (3y)
as of Feb 28, 2025
72.62
Beta (3y)
as of Feb 28, 2025
0.93
Best 3-Month Return Over the Last 3 Years
3 months ending May 31, 2024
12.42%
P/B Ratio
as of Feb 28, 2025
2.29
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Feb 28, 2025
14.61
Effective Duration
as of Feb 28, 2025
0.12 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Aug 31, 2022
-10.26%
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 0.77%
Net Expense Ratio 0.67%

Net Expense Ratio excluding Investment Related Expenses is 0.67%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Commodity Strategies Fund, as of Feb 28, 2025 rated against 99 Commodities Broad Basket 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 Feb 28, 2025 out of 100, 12,253, 100, 128 and 100 Funds, respectively in Lipper's Commodities General classification.

Holdings

Holdings

as of Feb 28, 2025
Name Weight (%)
EXXON MOBIL CORP 2.98
CHEVRON CORP 1.65
SHELL PLC 1.49
AGNICO EAGLE MINES LTD (ONTARIO) 1.41
WHEATON PRECIOUS METALS CORP 1.10
Name Weight (%)
COMPASS GROUP PLC 1.01
KINROSS GOLD CORP 0.97
GRAPHIC PACKAGING HOLDING CO 0.90
NEWMONT CORPORATION 0.88
ELI LILLY AND COMPANY 0.84
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.

Top Holdings

Holdings

Top Equity Holdings as of 31-March-2024

Name Fund Weight (%)
EXXON MOBIL CORP 3.21%
SHELL PLC 2.00%
BARRICK GOLD CORP 1.43%
CHEVRON CORP 1.40%
WHEATON PRECIOUS METALS CORP 1.38%
AGNICO EAGLE MINES LTD (ONTARIO) 1.32%
BP PLC 1.27%
CONOCOPHILLIPS 1.13%
GLENCORE PLC 1.12%
NORTHERN STAR RESOURCES LTD 0.91%

*% of Market Value

Exposure Breakdowns

Exposure Breakdowns

Sectors as of 31-March-2024

Name Equity Exposure Commodity Index Related Instruments* Total Benchmark
Energy 18.90% 14.81% 33.71% 29.64%
Agriculture 8.17% 15.67% 23.84% 34.36%
Industrial Metals 12.82% 7.77% 20.59% 15.54%
Precious Metals 10.13% 11.72% 21.86% 20.46%
TOTAL 50.03% 49.97% 100.00% 100.00%

*this column reflects the sector exposures of the Bloomberg Commodity Benchmark. Please note that in practice, exposures may differ slightly due to enhanced index techniques.

% of Market Value

Portfolio Managers

Portfolio Managers

Alastair Bishop
Alastair Bishop
Hannah Johnson
Hannah Johnson
Portfolio Manager
Read the Team's Commentary

Literature

Literature

 

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