iShares Edge MSCI Min Vol EAFE Index Fund
Data updated: 2020-12-28
C000171205 — iShares Edge MSCI Min Vol EAFE Index Fund. Japan Blend / Core Equity · $154.47M AUM. Holdings, fees, performance and SEC filings.
C000171205 Fund Overview
iShares Edge MSCI Min Vol EAFE Index Fund is a US mutual fund managed by Blackrock Funds, categorised as Japan Blend / Core 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 Blend / Core Equity
- Assets under management: $154.47M
- 1-year return: -8.9%
- SEC CIK: 0000844779
- SEC series ID: S000054537
- Share class ID: C000171205
C000171205 Investment Objective and Strategy
iShares Edge MSCI Min Vol EAFE 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 Min Vol EAFE 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 developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the United States and Canada.
Principal investment strategy
The Fund seeks to track the investment results of the MSCI EAFE Minimum Volatility (USD) Index (the Underlying Index), which has been developed by MSCI Inc. (the Index Provider or MSCI) to measure the performance of international equity securities that in the aggregate have lower relative volatility. The Underlying Index begins with the MSCI EAFE Index (the Parent Index), which is a capitalization-weighted index, and then follows a rules-based methodology that is designed to determine weights for securities in the index that seeks to minimize total risk of the Parent Index. Under a rules-based methodology, securities and weighting of the index are established based on pre-established parameters and discretionary factors are not relied on. Generally, rules-based methodologies will include specified requirements for security eligibility, maximum and minimum weightings by security and, in some cases by sector and country, established rules relating to handling of special dividends and other distributions and treatment of corporate events.
In order to determine weightings by security within the Underlying Index, MSCI constructs a portfolio of lowest expected volatility, based on Barras multi-factor risk model. Barras multi-factor risk model seeks to determine the projected riskiness of securities in the Parent Index while subjected to constraints based on established minimum and maximum weightings of index constituents and sectors, as well as other measurable index characteristics. As of October 31, 2018, Underlying Index consisted of approximately 273 companies from the following 21 developed market countries in Europe, Australasia, the Middle East and the Far East: Australia, Austria, Belgium, 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- or mid-capitalization companies. Components of the Underlying Index primarily include, consumer staples, financials and healthcare companies. The components of the Underlying Index, and the degree to which these components represent certain industries, 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.
C000171205 Performance
Total returns for C000171205 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -8.9% |
C000171205 Risk Information
Risk metrics for C000171205, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.9%
C000171205 Costs and Fees
C000171205 costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.32%
- Portfolio turnover: 29%
- Brokerage commissions: 1.35 bps of average net assets (SEC N-CEN)
C000171205 Cashflows
Over the 12 months to 2020-10, iShares Edge MSCI Min Vol EAFE Index Fund had net inflows of $16.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-10 | $386.73K |
| 2020-09 | $129.87K |
| 2020-08 | −$932.87K |
| 2020-07 | $934.37K |
| 2020-06 | $2.25M |
| 2020-05 | $2.03M |
C000171205 Debt Constituents
No individual debt constituents are reported in iShares Edge MSCI Min Vol EAFE Index Fund's latest SEC N-PORT filing.
C000171205 Prospectus and SEC Filings
Official iShares Edge MSCI Min Vol EAFE 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 Blend / Core 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.