BlackRock High Equity Income Fund (BMCIX)
The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities and equity-related instruments, including equity-linked notes. It may invest in securities of companies with any market capitalization, but will generally focus on large cap securities. The fund may invest up to 50% of its assets in equity-linked notes that provide exposure to equity securities and covered call options or other types of financial instruments.
Fund Info
ISIN | US0919297608 |
---|---|
CUSIP | 091929760 |
Issuer | BlackRock |
Inception Date | Apr 30, 1998 |
Category | Derivative Income |
Min. Investment | $2,000,000 |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
BMCIX has a high expense ratio of 0.85%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BMCIX vs. XMHQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock High Equity Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock High Equity Income Fund had a return of 6.89% year-to-date (YTD) and 16.00% in the last 12 months. Over the past 10 years, BlackRock High Equity Income Fund had an annualized return of 7.64%, while the S&P 500 had an annualized return of 10.79%, indicating that BlackRock High Equity Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 6.89% | 9.47% |
1 month | 4.30% | 1.91% |
6 months | 15.79% | 18.36% |
1 year | 16.00% | 26.61% |
5 years (annualized) | 9.63% | 12.90% |
10 years (annualized) | 7.64% | 10.79% |
Monthly Returns
The table below presents the monthly returns of BMCIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.25% | 1.93% | 3.23% | -1.45% | 6.89% | ||||||||
2023 | 6.02% | -2.77% | -1.56% | 3.09% | -4.98% | 5.93% | 2.46% | -3.16% | -3.88% | -1.55% | 6.89% | 4.15% | 10.05% |
2022 | 1.36% | 0.03% | 1.34% | -3.82% | 3.27% | -8.33% | 5.07% | -2.76% | -9.24% | 9.83% | 6.09% | -3.03% | -1.99% |
2021 | 1.40% | 3.62% | 6.11% | 4.20% | 2.32% | -1.82% | 0.27% | 1.19% | -1.58% | 3.88% | -4.21% | 6.55% | 23.56% |
2020 | -2.84% | -10.07% | -15.23% | 9.87% | 3.36% | 0.05% | 1.63% | 1.97% | -1.92% | -1.66% | 16.73% | 1.59% | -0.24% |
2019 | 5.93% | 2.54% | 0.50% | 2.77% | -5.49% | 6.61% | -0.35% | -2.74% | 3.95% | 1.38% | 2.33% | 3.25% | 22.00% |
2018 | 3.01% | -4.29% | -0.74% | 1.27% | 0.07% | 0.55% | 3.84% | 1.07% | -0.18% | -4.48% | 1.58% | -7.21% | -5.93% |
2017 | 2.35% | 2.65% | 1.19% | 1.33% | 1.72% | 0.53% | 1.77% | -1.52% | 3.32% | 0.90% | 1.71% | 0.41% | 17.55% |
2016 | -9.03% | -0.34% | 6.75% | 1.01% | 2.40% | -0.47% | 3.84% | 1.19% | 0.77% | -3.79% | 4.57% | 0.97% | 7.19% |
2015 | -2.62% | 6.31% | 1.57% | -0.72% | 2.75% | -1.26% | 0.53% | -6.06% | -4.19% | 4.85% | 0.08% | -9.60% | -9.10% |
2014 | -1.06% | 5.73% | -1.93% | -1.68% | 2.39% | 5.56% | -4.16% | 5.12% | -3.75% | 3.57% | 1.91% | 1.01% | 12.71% |
2013 | 6.72% | 1.61% | 3.84% | 0.52% | 3.51% | -1.52% | 6.14% | -1.70% | 5.72% | 3.56% | 2.15% | 4.12% | 40.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BMCIX is 63, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
BMCIX (BlackRock High Equity Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock High Equity Income Fund (BMCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock High Equity Income Fund granted a 6.45% dividend yield in the last twelve months. The annual payout for that period amounted to $1.88 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.88 | $1.88 | $1.96 | $2.23 | $1.49 | $1.10 | $2.24 | $14.15 | $2.22 | $0.00 | $6.18 | $9.33 |
Dividend yield | 6.45% | 6.75% | 7.22% | 7.51% | 5.74% | 3.95% | 9.41% | 51.31% | 6.15% | 0.00% | 15.71% | 22.99% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock High Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.13 | $0.17 | $0.18 | $0.15 | $0.00 | $0.62 | |||||||
2023 | $0.13 | $0.16 | $0.17 | $0.16 | $0.18 | $0.16 | $0.14 | $0.18 | $0.16 | $0.13 | $0.17 | $0.15 | $1.88 |
2022 | $0.13 | $0.17 | $0.16 | $0.13 | $0.23 | $0.15 | $0.15 | $0.16 | $0.17 | $0.12 | $0.17 | $0.21 | $1.96 |
2021 | $0.12 | $0.17 | $0.16 | $0.19 | $0.19 | $0.15 | $0.22 | $0.16 | $0.17 | $0.15 | $0.16 | $0.40 | $2.23 |
2020 | $0.00 | $0.00 | $0.00 | $0.38 | $0.17 | $0.11 | $0.11 | $0.15 | $0.16 | $0.12 | $0.13 | $0.16 | $1.49 |
2019 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.33 | $0.00 | $0.27 | $1.10 |
2018 | $0.00 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.29 | $0.00 | $1.32 | $2.24 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $13.54 | $0.00 | $0.00 | $0.13 | $0.00 | $0.48 | $14.15 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.22 | $2.22 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.18 | $6.18 |
2013 | $9.33 | $9.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock High Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock High Equity Income Fund was 72.91%, occurring on Mar 12, 2003. Recovery took 1992 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-72.91% | Mar 13, 2000 | 749 | Mar 12, 2003 | 1992 | Feb 11, 2011 | 2741 |
-38.24% | Jan 21, 2020 | 44 | Mar 23, 2020 | 200 | Jan 6, 2021 | 244 |
-30.69% | Jun 23, 2015 | 162 | Feb 11, 2016 | 405 | Sep 20, 2017 | 567 |
-27.68% | May 2, 2011 | 108 | Oct 3, 2011 | 338 | Feb 8, 2013 | 446 |
-17.76% | Apr 21, 2022 | 110 | Sep 27, 2022 | 202 | Jul 19, 2023 | 312 |
Volatility
Volatility Chart
The current BlackRock High Equity Income Fund volatility is 1.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.