- What does BCSAX invest in?
- The fund's management employs a two-part investment methodology, normally dedicating approximately half of its total capital to each distinct approach. One strategy centers on acquiring financial instruments whose value is tied to commodities, specifically derivatives. To meet the necessary collateral and coverage requirements for these derivative holdings, and to deploy any uninvested cash, the portfolio maintains a portion of its assets in high-grade, short-duration fixed-income securities. The second primary strategy involves direct equity investments in corporations operating within the commodity sector. This encompasses, but is not restricted to, companies engaged in industries such as mining, energy production, and agriculture.
- What is the expense ratio of BCSAX?
- BlackRock Commodity Strategies Portfolio (BCSAX) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BCSAX's dividend yield?
- BCSAX's trailing-twelve-month yield is 13.54%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BCSAX?
- Effective duration measures BCSAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BCSAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BCSAX?
- BCSAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BCSAX?
- Yield to maturity (YTM) is the total return you'd earn from BCSAX if every bond in the portfolio is held to maturity at the current price. BCSAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
