Multi-Manager International Equity Strategies Fund (CMIEX)
The investment seeks long-term capital appreciation. The fund pursues its investment objective by allocating the fund's assets among different asset managers that use various investment styles and strategies to invest in equity securities of foreign companies. Under normal circumstances, it invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities of foreign companies. The fund may invest in emerging market countries.
Fund Info
| ISIN | US19767X7536 |
|---|---|
| Issuer | Blackrock |
| Inception Date | May 17, 2018 |
| Category | Foreign Large Cap Equities |
| Min. Investment | $100 |
| Asset Class | Equity |
Expense Ratio
CMIEX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: CMIEX vs. VEU
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Multi-Manager International Equity Strategies 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
Multi-Manager International Equity Strategies Fund had a return of 8.38% year-to-date (YTD) and 15.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.38% | 11.05% |
| 1 month | 7.09% | 4.86% |
| 6 months | 16.15% | 17.50% |
| 1 year | 15.73% | 27.37% |
| 5 years (annualized) | 9.12% | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of CMIEX, 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 | -0.85% | 3.02% | 3.01% | -2.68% | 8.38% | ||||||||
| 2023 | 9.94% | -2.21% | 3.68% | 2.09% | -3.03% | 4.60% | 2.37% | -3.52% | -3.83% | -3.24% | 9.18% | 4.82% | 21.41% |
| 2022 | -2.68% | -4.90% | -1.63% | -6.25% | 2.94% | -9.05% | 3.66% | -5.45% | -9.51% | 6.02% | 14.25% | -1.54% | -15.46% |
| 2021 | -0.61% | 4.09% | 1.59% | 1.73% | 3.00% | -1.49% | -0.56% | 1.69% | -3.71% | 2.13% | -5.78% | 5.16% | 6.89% |
| 2020 | -3.38% | -7.50% | -16.11% | 8.74% | 7.06% | 4.89% | 3.25% | 5.25% | -2.40% | -3.37% | 16.93% | 5.90% | 16.20% |
| 2019 | 7.56% | 3.24% | 0.11% | 3.02% | -5.87% | 6.24% | -2.31% | -2.79% | 2.87% | 4.18% | 2.27% | 3.91% | 23.87% |
| 2018 | -2.20% | -1.64% | 2.50% | -1.93% | 1.04% | -8.29% | -0.45% | -5.85% | -16.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CMIEX is 44, 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.
CMIEX (Multi-Manager International Equity Strategies Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Multi-Manager International Equity Strategies Fund (CMIEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Multi-Manager International Equity Strategies Fund granted a 2.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.24 | $0.38 | $0.15 | $0.25 | $0.07 |
Dividend yield | 2.09% | 2.26% | 2.44% | 3.21% | 1.30% | 2.47% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Multi-Manager International Equity Strategies 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2018 | $0.07 | $0.07 |
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 Multi-Manager International Equity Strategies 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 Multi-Manager International Equity Strategies Fund was 35.35%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Multi-Manager International Equity Strategies Fund drawdown is 0.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.35% | Jan 21, 2020 | 44 | Mar 23, 2020 | 161 | Nov 9, 2020 | 205 |
| -32.43% | Jun 15, 2021 | 336 | Oct 12, 2022 | 341 | Feb 22, 2024 | 677 |
| -18.64% | May 23, 2018 | 149 | Dec 24, 2018 | 220 | Nov 7, 2019 | 369 |
| -5.05% | Jan 22, 2021 | 6 | Jan 29, 2021 | 9 | Feb 11, 2021 | 15 |
| -4.7% | Mar 28, 2024 | 16 | Apr 19, 2024 | 11 | May 6, 2024 | 27 |
Volatility
Volatility Chart
The current Multi-Manager International Equity Strategies Fund volatility is 3.27%, 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.