- ISIN
- US19766N8149
- Issuer
- BlackRock
- Inception Date
- Jan 3, 2017
- Category
- Large Cap Value Equities
- Min. Investment
- $100
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
CZMVX Performance Chart
Multi-Manager Value Strategies Fund (CZMVX) is up 9.8% since the beginning of the year. CZMVX is currently trading at $17 per share. Investors who bought $1,000 worth of CZMVX shares 5 years ago would now be looking at an investment worth $1,597.
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Returns By Period
Multi-Manager Value Strategies Fund (CZMVX) has returned 9.76% so far this year and 20.64% over the past 12 months.
Multi-Manager Value Strategies Fund
- 1D
- 0.18%
- 1M
- 0.67%
- YTD
- 9.76%
- 6M
- 8.97%
- 1Y
- 20.64%
- 3Y*
- 14.74%
- 5Y*
- 9.81%
- 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%
CZMVX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, CZMVX's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +13.2%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CZMVX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.27% | 3.22% | -4.46% | 5.32% | 0.79% | 0.55% | 9.76% | ||||||
| 2025 | 4.23% | 0.62% | -2.80% | -3.98% | 3.75% | 3.43% | 0.18% | 3.44% | 0.60% | -0.59% | 2.50% | 1.12% | 12.82% |
| 2024 | 0.67% | 4.04% | 5.15% | -4.25% | 2.22% | -0.65% | 4.39% | 2.58% | 0.52% | -0.76% | 5.42% | -6.38% | 12.90% |
| 2023 | 5.02% | -3.38% | -1.42% | 1.33% | -3.66% | 6.89% | 3.70% | -2.40% | -3.40% | -3.39% | 7.37% | 5.67% | 11.85% |
| 2022 | -2.30% | -1.70% | 2.40% | -5.80% | 2.67% | -9.47% | 6.38% | -2.78% | -8.51% | 11.05% | 6.16% | -4.17% | -7.94% |
| 2021 | -1.13% | 5.86% | 6.29% | 3.66% | 2.32% | -1.13% | 1.03% | 1.87% | -3.83% | 5.41% | -2.81% | 6.13% | 25.55% |
Benchmark Metrics
Multi-Manager Value Strategies Fund has an annualized alpha of -0.92%, beta of 0.89, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since February 01, 2017.
- This fund participated in 96.26% of S&P 500 Index downside but only 86.94% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.89 and R2 of 0.87, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.92%
- Beta
- 0.89
- R²
- 0.87
- Upside Capture
- 86.94%
- Downside Capture
- 96.26%
Expense Ratio
CZMVX has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CZMVX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Multi-Manager Value Strategies Fund (CZMVX) 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.
| CZMVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.78 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.97 | 12.44 | +0.53 |
Dividends
Dividend History
Multi-Manager Value Strategies Fund provided a 14.05% dividend yield over the last twelve months, with an annual payout of $2.33 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.33 | $2.35 | $1.41 | $0.98 | $1.69 | $1.39 | $0.37 | $0.53 | $1.00 | $0.67 |
Dividend yield | 14.05% | 15.46% | 9.03% | 6.53% | 11.79% | 8.01% | 2.45% | 3.62% | 8.47% | 4.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Multi-Manager Value 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 | $0.05 | $0.00 | $0.00 | $0.05 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $2.18 | $2.35 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.22 | $1.41 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.80 | $0.98 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.51 | $1.69 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $1.24 | $1.39 |
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 Value 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 Value Strategies Fund was 37.43%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Multi-Manager Value Strategies Fund drawdown is 1.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.43%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 |
Bear market2022 | -19.85%Sep 2022 | 8mo 20d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -19.77%Dec 2018 | 10mo 29d | 6mo 9d | 1y 5moJan 2018 - Jul 2019 |
2025 selloff2025 | -15.18%Apr 2025 | 4mo 7d | 2mo 26d | 7mo 3dDec 2024 - Jul 2025 |
2019 pullback2019 | -7.17%Aug 2019 | 20d | 2mo 12d | 3mo 2dJul 2019 - Oct 2019 |
Drawdown Indicators
| CZMVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -56.78% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -9.10% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.18% | -18.90% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -25.43% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.80% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -10.71% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.03% | -0.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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