- ISIN
- US19767X7536
- Issuer
- BlackRock
- Inception Date
- May 17, 2018
- Category
- Foreign Large Cap Equities
- Min. Investment
- $100
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
CMIEX Performance Chart
Multi-Manager International Equity Strategies Fund (CMIEX) is up 11.1% since the beginning of the year. CMIEX is currently trading at $15 per share. Investors who bought $1,000 worth of CMIEX shares 5 years ago would now be looking at an investment worth $1,554.
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Returns By Period
Multi-Manager International Equity Strategies Fund (CMIEX) has returned 11.12% so far this year and 27.30% over the past 12 months.
Multi-Manager International Equity Strategies Fund
- 1D
- 1.06%
- 1M
- 3.24%
- YTD
- 11.12%
- 6M
- 11.61%
- 1Y
- 27.30%
- 3Y*
- 16.85%
- 5Y*
- 9.21%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CMIEX Monthly Returns History
Based on dividend-adjusted daily data since May 22, 2018, CMIEX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +16.9%, while the worst month was Mar 2020 at -16.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CMIEX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.80% | 3.61% | -9.77% | 6.82% | 4.51% | 1.59% | 11.12% | ||||||
| 2025 | 4.85% | 3.62% | -0.81% | 3.28% | 4.76% | 3.03% | -1.25% | 3.57% | 2.80% | 0.84% | 0.69% | 3.29% | 32.46% |
| 2024 | -0.85% | 3.02% | 3.01% | -2.68% | 5.26% | -2.14% | 2.76% | 2.84% | 1.15% | -4.85% | -0.48% | -2.61% | 3.96% |
| 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% | -1.53% | -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% |
Benchmark Metrics
Multi-Manager International Equity Strategies Fund has an annualized alpha of -1.07%, beta of 0.80, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since May 22, 2018.
- This fund participated in 92.89% of S&P 500 Index downside but only 78.86% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.07%
- Beta
- 0.80
- R²
- 0.72
- Upside Capture
- 78.86%
- Downside Capture
- 92.89%
Expense Ratio
CMIEX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CMIEX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Multi-Manager International Equity Strategies Fund (CMIEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMIEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.78 | -0.76 |
| Martin ratioReturn relative to average drawdown | 7.49 | 12.44 | -4.95 |
Dividends
Dividend History
Multi-Manager International Equity Strategies Fund provided a 8.03% dividend yield over the last twelve months, with an annual payout of $1.23 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.23 | $0.85 | $0.26 | $0.24 | $0.38 | $0.15 | $0.25 | $0.07 |
Dividend yield | 8.03% | 8.92% | 7.54% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.35%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Bear market2022 | -32.43%Oct 2022 | 1y 3mo | 1y 4mo | 2y 8moJun 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -18.64%Dec 2018 | 7mo 5d | 10mo 18d | 1y 5moMay 2018 - Nov 2019 |
2025 selloff2025 | -14.50%Apr 2025 | 19d | 24d | 1mo 13dMar 2025 - May 2025 |
2026 correction2026 | -13.08%Mar 2026 | 29d | 2mo | 2mo 29dFeb 2026 - May 2026 |
Drawdown Indicators
| CMIEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -56.78% | +21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -9.10% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -14.50% | -18.90% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | -25.43% | -6.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -10.71% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.03% | +1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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