Blackrock Resources & Commodities Strategy Trust

Frequently Asked Questions About BCX

What does BCX invest in?

The Blackrock Resources & Commodities Strategy Trust functions as a closed-end equity mutual fund, initially established by BlackRock, Inc. Its ongoing management is a joint effort between BlackRock Advisors, LLC and BlackRock International Limited. The fund primarily focuses its investments on publicly traded U.S. companies within the commodities and natural resources sectors. In addition to direct stock investments, it also utilizes derivatives, with a notable emphasis on writing options, to gain exposure to businesses in these same industries. This trust was formally constituted on March 30, 2011, and is legally domiciled in the United States.

What is the expense ratio of BCX?

Blackrock Resources & Commodities Strategy Trust (BCX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BCX?

Blackrock Resources & Commodities Strategy Trust (BCX) manages $1.01B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BCX actively managed or an index fund?

BCX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (BCX's is 1.20%) in exchange for the discretion to over- or under-weight positions.

When was BCX launched?

Blackrock Resources & Commodities Strategy Trust (BCX) launched in March 2011 and is managed by BlackRock.

How has BCX performed?

BCX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.