iShares Edge MSCI Multifactor Intl Index Fund
Data updated: 2020-12-28
C000171198 — iShares Edge MSCI Multifactor Intl Index Fund. Japan Value Equity · $9.82M AUM. Holdings, fees, performance and SEC filings.
C000171198 Fund Overview
iShares Edge MSCI Multifactor Intl Index Fund is a US mutual fund managed by Blackrock Funds, categorised as Japan Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: Japan Value Equity
- Assets under management: $9.82M
- 1-year return: -8.5%
- SEC CIK: 0000844779
- SEC series ID: S000054535
- Share class ID: C000171198
C000171198 Investment Objective and Strategy
iShares Edge MSCI Multifactor Intl Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of iShares Edge MSCI Multifactor Intl Index Fund (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek to track the investment results of an index composed of global developed market large- and mid-capitalization stocks, excluding the United States, that have favorable exposure to target style factors subject to constraints.
Principal investment strategy
The Fund seeks to track the investment results of the MSCI World ex USA Diversified Multiple-Factor Index (the Underlying Index), which has been developed by MSCI Inc. (the Index Provider or MSCI). The Underlying Index is designed to select equity securities from MSCI World ex USA Index (the Parent Index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent Index. The Underlying Index is also constrained in its construction to limit turnover and mitigate overconcentration in particular sectors, countries, component weights or other investment style factors. MSCI, in selecting equity securities from the Parent Index, which is comprised of large- and mid-capitalization stocks, assigns a composite score for a security through a proprietary model based on four equally-weighted investment style factors: the value score is derived from a companys valuation ratios (e.g., forward share price to earnings, share price to book value and enterprise value to operating cash flow); the quality score is calculated from a companys underlying metrics (e.g., return-on-equity, debt-to-equity and earnings variability); the momentum score is calculated through a global equity model, which aims to measure a securitys sustained relative performance against the global market over a two-year period and against other securities based in the same country over the previous six and twelve months (with a one month lag); and the low size score is derived from a global equity model that seeks to measure the market capitalization of a company as compared to other companies based in the same country.
As of October 31, 2018, the Underlying Index consisted of approximately 222 companies from the following countries or regions: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The Underlying Index may include large- and mid-capitalization companies and components primarily include financials, industrials and consumer discretionary companies. The components of the Underlying Index, and the degree to which these components represent certain industries/countries, are likely to change over time. BlackRock uses a representative sampling indexing strategy to manage the Fund. Representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index.
The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index. The Fund intends to align its portfolio rebalancing with the portfolio rebalancing of the Underlying Index, which is expected to be semi-annually. The Fund generally invests at least 80% of its assets, plus the amount of any borrowing for investment purposes, in securities of the Underlying Index and in investments that have economic characteristics that are substantially similar to the component securities of the Underlying Index (i.e., depositary receipts representing securities of the Underlying Index).
The Fund may invest a portion of the remainder of its assets in futures, forward foreign currency exchange contracts and securities not included in the Underlying Index, but which BlackRock believes will help the Fund track the Underlying Index. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended.
C000171198 Performance
Total returns for C000171198 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -8.5% |
C000171198 Risk Information
Risk metrics for C000171198, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.8%
C000171198 Costs and Fees
C000171198 costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 2.20%
- Portfolio turnover: 42%
- Brokerage commissions: 1.81 bps of average net assets (SEC N-CEN)
C000171198 Cashflows
Over the 12 months to 2020-10, iShares Edge MSCI Multifactor Intl Index Fund had net inflows of $92.07K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-10 | $13.49K |
| 2020-09 | −$59.26K |
| 2020-08 | $5.29K |
| 2020-07 | $39.95K |
| 2020-06 | $2.87K |
| 2020-05 | $4.06K |
C000171198 Debt Constituents
No individual debt constituents are reported in iShares Edge MSCI Multifactor Intl Index Fund's latest SEC N-PORT filing.
C000171198 Prospectus and SEC Filings
Official iShares Edge MSCI Multifactor Intl Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-11-24
- Prospectus (485BPOS) — filed 2019-12-18
- Prospectus (485BPOS) — filed 2018-12-19
- Portfolio holdings (N-PORT) — filed 2020-12-28
- Portfolio holdings (N-PORT) — filed 2020-09-28
- Portfolio holdings (N-PORT) — filed 2020-06-29
- Annual census (N-CEN) — filed 2020-10-13
- Annual census (N-CEN) — filed 2019-10-15
Related Funds
Other Japan Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.