BlackRock Total Factor employs a standard approach to factor investing across multiple asset classes. Changes to the team’s roster introduce uncertainty around its ability to innovate going forward, driving a Morningstar Analyst Rating downgrade to Neutral from Bronze for all share classes.
BlackRock Total Factor Inst BSTIX
NAV / 1-Day Return
9.71
/
0.41
%
Total Assets
224.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.560%
Expense Ratio
0.560%
Fee Level
Low
Longest Manager Tenure
8.74
years
Category
Multistrategy
Alt Style Correlation / Relative Volatility
High / MediumMin. Initial Investment
2,000,000
Status
Open
TTM Yield
0.00%
Turnover
166%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will BSTIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BSTIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BSTIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of BSTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Team changes reset expectations for this factor-driven fund.
