Multi-Manager Growth Strategies Fund (CZMGX)
The fund invests primarily in common stocks of companies believed to have the potential for long-term growth. It may invest in U.S. and foreign securities, including emerging market securities. The fund may invest in foreign securities directly or indirectly through depositary receipts. The fund may from time to time emphasize one or more economic sectors in selecting its investments, including the consumer discretionary and information technology sectors.
Fund Info
| ISIN | US19767A5974 |
|---|---|
| Issuer | Blackrock |
| Inception Date | Jan 3, 2017 |
| Category | Large Cap Growth Equities |
| Min. Investment | $100 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
CZMGX has a high expense ratio of 0.74%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Multi-Manager Growth 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 Growth Strategies Fund had a return of 14.01% year-to-date (YTD) and 37.76% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.01% | 11.05% |
| 1 month | 3.42% | 4.86% |
| 6 months | 20.32% | 17.50% |
| 1 year | 37.76% | 27.37% |
| 5 years (annualized) | 15.29% | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of CZMGX, 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 | 3.41% | 7.85% | 2.11% | -5.12% | 14.01% | ||||||||
| 2023 | 9.14% | -1.88% | 6.70% | 0.55% | 5.35% | 6.96% | 3.64% | -1.07% | -6.08% | -2.12% | 11.34% | 4.36% | 41.78% |
| 2022 | -8.32% | -4.57% | 2.65% | -12.75% | -2.32% | -7.79% | 11.09% | -4.47% | -9.72% | 6.32% | 5.26% | -6.73% | -29.41% |
| 2021 | -2.19% | 1.76% | 1.42% | 5.95% | -0.49% | 5.95% | 2.35% | 3.07% | -6.09% | 7.38% | -1.06% | 0.96% | 19.80% |
| 2020 | 0.79% | -5.38% | -9.38% | 13.79% | 7.41% | 0.60% | 6.67% | 9.76% | -3.62% | -2.49% | 9.57% | 4.12% | 33.39% |
| 2019 | 10.43% | 4.01% | 2.40% | 5.11% | -7.70% | 8.14% | 1.18% | -2.60% | -1.06% | 3.13% | 4.69% | 2.85% | 33.59% |
| 2018 | 7.98% | -2.68% | -2.75% | 0.13% | 3.83% | 0.25% | 2.56% | 4.64% | 0.13% | -10.17% | 2.79% | -8.85% | -3.66% |
| 2017 | 2.61% | 4.10% | 1.58% | 2.25% | 3.41% | 1.02% | 3.16% | 1.53% | 0.14% | 2.58% | 2.80% | 0.29% | 28.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CZMGX is 84, placing it in the top 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
CZMGX (Multi-Manager Growth Strategies Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Multi-Manager Growth Strategies Fund (CZMGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Multi-Manager Growth Strategies Fund granted a 4.90% dividend yield in the last twelve months. The annual payout for that period amounted to $0.95 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $1.32 | $3.01 | $0.97 | $0.84 | $2.27 | $0.68 |
Dividend yield | 4.90% | 5.59% | 10.39% | 15.19% | 5.04% | 5.53% | 18.94% | 4.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Multi-Manager Growth 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 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $1.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $3.01 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.97 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.84 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $2.27 |
| 2017 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.68 |
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 Growth 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 Growth Strategies Fund was 35.23%, occurring on Oct 14, 2022. Recovery took 318 trading sessions.
The current Multi-Manager Growth Strategies Fund drawdown is 0.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.23% | Nov 9, 2021 | 235 | Oct 14, 2022 | 318 | Jan 23, 2024 | 553 |
| -29.95% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -21.86% | Aug 30, 2018 | 80 | Dec 24, 2018 | 68 | Apr 3, 2019 | 148 |
| -10.56% | Sep 3, 2020 | 14 | Sep 23, 2020 | 46 | Nov 27, 2020 | 60 |
| -10.23% | Jan 29, 2018 | 9 | Feb 8, 2018 | 85 | Jun 12, 2018 | 94 |
Volatility
Volatility Chart
The current Multi-Manager Growth Strategies Fund volatility is 4.99%, 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.