BlackRock Total Factor Fund
Data updated: 2023-10-13
C000177759 — BlackRock Total Factor Fund. Money Market · $30.28M AUM · 0.51% expense ratio · 14.4% 1-yr return. Holdings, fees, performance and SEC filings.
C000177759 Fund Overview
BlackRock Total Factor Fund is a US mutual fund managed by Blackrock Funds, categorised as Money Market. 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: Money Market
- Assets under management: $30.28M
- 1-year return: 14.4%
- SEC CIK: 0000844779
- SEC series ID: S000039515
- Share class ID: C000177759
C000177759 Investment Objective and Strategy
BlackRock Total Factor 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 BlackRock Total Factor Fund (“Total Factor Fund” or the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek total return.
Principal investment strategy
Total Factor Fund seeks to achieve its investment objective by investing in a broad range of global asset classes, such as equity securities (which may include derivative instruments that are tied economically to equity securities), fixed and floating rate debt instruments, derivatives, other investment companies, including exchange-traded funds (ETFs), real estate investment trusts (REITs) and commodity-related instruments. The Fund will have flexibility with respect to the relative weighting of each asset class to produce total return and reduce risk. The Fund applies a factor-based approach to portfolio construction to seek to more efficiently generate total return from a risk/return perspective than a traditional combination of equity and fixed-income securities. Through its research, BlackRock has identified macro and style factors that drive returns across and within asset classes.
BlackRock uses this research to determine the ideal allocations of the portfolio with reference to these factors and translates those allocations into asset classes. Such allocation across a range of asset classes and factors is expected to result in greater diversification and lower risk than a portfolio consisting solely of global equity securities. In determining the appropriate allocation across asset classes, the Fund will seek to manage exposure to macroeconomic factors, including, but not limited to, interest rates and economic growth and style factors, including, but not limited to, value, momentum, carry, and defensive factors. Allocations are computed not only in terms of capital but also in terms of risk in order to avoid any overconcentration in any particular factor and to broaden the sources of potential returns.
The Fund will normally invest in both U.S. and non-U.S. companies, including companies located in emerging markets and in securities denominated in both U.S. dollars and foreign currencies. Equity securities include common stock, preferred stock, securities convertible into common stock, non-convertible preferred stock and depositary receipts. The Fund may invest in securities of issuers of any market capitalization. The Funds investment in debt securities may include fixed and floating rate government and corporate bonds and other fixed-income instruments, such as medium term notes. The Fund may invest in debt securities of any credit quality, as determined by Fund management, which may include high yield securities (commonly called junk bonds). The Fund may invest in derivatives, including but not limited to, total return swaps (some of which may be referred to as contracts for difference), credit default swaps, interest rate swaps, options, futures, options on futures and swaps, indexed and inverse securities and foreign exchange transactions, for hedging purposes, as well as to enhance the return on its portfolio investments.
There is no limit to the Funds ability to invest in derivatives. The Fund may engage in short sales of securities either to hedge against potential declines in the value of a security held in the portfolio or to realize appreciation when a security the Fund does not own declines in value. The Fund may invest in other investment companies, including ETFs, which may be affiliated with BlackRock. With respect to its cash investments, the Fund may hold high quality U.S. and non-U.S. money market securities, including, among others, short term U.S. Government securities, U.S. Government agency securities, securities issued by U.S. Government-sponsored enterprises and U.S. Government instrumentalities, short-term obligations of foreign issuers, bank obligations, commercial paper, including asset-backed commercial paper, corporate notes, repurchase agreements and obligations of supranational organizations.
The Fund may invest a significant portion of its assets in money market funds, including those advised by BlackRock or its affiliates. The Fund may invest in U.S. and non-U.S. REITs and other real estate related securities. The Fund may invest in commodity-related instruments. The Fund may make such investments through investments in BlackRock Cayman Strategic Risk Allocation Fund, Ltd. (the Subsidiary), a wholly-owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments and other derivatives. The Fund will not invest more than 25% of its total assets (measured at the time of investment) in the Subsidiary. The Fund is a non-diversified fund, which means that it can invest more of its assets in fewer companies than a diversified fund.
C000177759 Performance
Total returns for C000177759 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 14.4% |
| 3 years (annualised) | 5.6% |
C000177759 Risk Information
Risk metrics for C000177759, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.6%
C000177759 Costs and Fees
C000177759 costs about $51 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.51%
- Gross expense ratio: 0.93%
- Portfolio turnover: 101%
- Brokerage commissions: 9.21 bps of average net assets (SEC N-CEN)
C000177759 Cashflows
Over the 12 months to 2023-07, BlackRock Total Factor Fund had net outflows of $195.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | −$3.59M |
| 2023-06 | −$183.38M |
| 2023-05 | $926.46K |
| 2023-04 | $890.71K |
| 2023-03 | $461.54K |
| 2023-02 | $13.29M |
C000177759 Debt Constituents
No individual debt constituents are reported in BlackRock Total Factor Fund's latest SEC N-PORT filing.
C000177759 Prospectus and SEC Filings
Official BlackRock Total Factor Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-11-22
- Prospectus (485BPOS) — filed 2021-11-22
- Prospectus (485BPOS) — filed 2020-11-23
- Portfolio holdings (N-PORT) — filed 2023-09-27
- Portfolio holdings (N-PORT) — filed 2023-06-26
- Portfolio holdings (N-PORT) — filed 2023-03-28
- Annual census (N-CEN) — filed 2023-10-13
- Annual census (N-CEN) — filed 2022-10-13
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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.