C000202323 Performance — BlackRock Systematic Multi-Strategy Fund, Institutional Class
Data updated: 2026-08-25
C000202323 returned +0.47% year to date and +1.86% over one year to Jun 2026. Annualised returns are +6.29% over 3 years and +3.50% over 5 years. The fund trailed its Long-Short Equity category average: $100 invested three years ago grew to $120, against $131 for the category, and to $102 over one year, against $116. Volatility over the past three years was 4.69% a year. In the 12 months to Jun 2026 the fund took in a net $243.6M, and assets reached $8.00B.
C000202323 Growth of $100
What $100 invested in BlackRock Systematic Multi-Strategy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Short Equity category average over the same months.
| Period | C000202323 | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $102 | $116 |
| 3 years (Jul 2023 – Jun 2026) | $120 | $131 |
| 5 years (Jul 2021 – Jun 2026) | $119 | $131 |
| Since data start (Jul 2019 – Jun 2026) | $129 | $145 |
C000202323 Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.47% |
| 1 year | +1.86% |
| 3 years (annualised) | +6.29% |
| 5 years (annualised) | +3.50% |
C000202323 Annual Returns
Calendar-year total returns of BlackRock Systematic Multi-Strategy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.47% |
| 2025 | +4.99% |
| 2024 | +6.83% |
| 2023 | +6.44% |
| 2022 | −2.94% |
| 2021 | +6.17% |
| 2020 | +3.57% |
| 2019 (Jul–Dec) | +1.00% |
C000202323 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.2% | +3.0% | −3.0% | −1.1% | −0.4% | +0.8% | — | — | — | — | — | — |
| 2025 | +1.6% | +1.6% | −0.3% | +0.2% | +0.1% | +0.4% | −1.5% | +1.3% | −0.1% | −0.2% | +1.0% | +1.0% |
| 2024 | +1.4% | +0.1% | +2.4% | −1.3% | +0.4% | +0.5% | +1.6% | +2.6% | +1.3% | −2.0% | +1.5% | −1.8% |
| 2023 | +0.4% | −0.4% | −0.2% | −0.1% | −0.5% | +0.7% | +1.0% | +0.7% | +0.3% | 0.0% | +2.3% | +2.0% |
| 2022 | −0.9% | −1.5% | −0.5% | −0.8% | +1.8% | −1.6% | +1.7% | −1.2% | −2.9% | +0.9% | +1.9% | +0.1% |
| 2021 | +0.7% | −1.1% | +1.6% | +1.1% | +1.1% | +0.7% | +0.5% | +0.2% | −1.4% | +0.4% | +0.8% | +1.7% |
| 2020 | +0.5% | 0.0% | −2.7% | +5.2% | +1.3% | +0.1% | +2.1% | −1.3% | −0.7% | −0.8% | −0.3% | +0.3% |
| 2019 | — | — | — | — | — | — | −0.5% | +1.0% | +0.9% | −0.3% | +0.3% | −0.4% |
C000202323 Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.69%
- 3-year Sharpe ratio: 0.38 (vs 4.5% risk-free rate)
- Best month: +3.05% (Feb 2026)
- Worst month: −2.96% (Mar 2026)
C000202323 Fund Flows
Monthly money in and out of BlackRock Systematic Multi-Strategy Fund, from SEC Form N-PORT.
- 12-month net flow: $243.6M
- 12-month gross sales (incl. reinvestments): $3.2B
- Sales ÷ redemptions: 1.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $241.8M | $389.0M | −$147.2M |
| May 2026 | $277.3M | $417.3M | −$140.0M |
| Apr 2026 | $269.6M | $164.4M | $105.2M |
| Mar 2026 | $280.9M | $239.2M | $41.6M |
| Feb 2026 | $252.0M | $243.8M | $8.2M |
| Jan 2026 | $305.8M | $215.0M | $90.8M |
| Dec 2025 | $375.9M | $285.8M | $90.0M |
| Nov 2025 | $196.2M | $213.3M | −$17.1M |
| Oct 2025 | $281.7M | $334.9M | −$53.2M |
| Sep 2025 | $237.2M | $179.1M | $58.1M |
| Aug 2025 | $221.1M | $126.1M | $95.0M |
| Jul 2025 | $239.2M | $127.1M | $112.1M |
C000202323 Assets Under Management
Net assets of BlackRock Systematic Multi-Strategy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $8.00B |
| 2026-03-31 | $8.24B |
| 2025-12-31 | $8.01B |
| 2025-09-30 | $8.02B |
| 2025-06-30 | $7.79B |
| 2025-03-31 | $7.47B |
| 2024-12-31 | $6.87B |
| 2024-09-30 | $7.01B |
| 2024-06-30 | $6.62B |
| 2024-03-31 | $6.66B |
| 2023-12-31 | $6.71B |
| 2023-09-30 | $7.20B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.