BlackRock High Equity Income Fund
Data updated: 2026-09-25
C000219259 — BlackRock High Equity Income Fund. Global (incl. US) Mid Cap Value Equity · $2.09B AUM. Holdings, fees, performance and SEC filings.
C000219259 Fund Overview
BlackRock High Equity Income Fund is a US mutual fund managed by Blackrock Funds, categorised as Global (incl. US) Mid Cap 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: Global (incl. US) Mid Cap Value Equity
- Assets under management: $2.09B
- 1-year return: 21.5%
- SEC CIK: 0000844779
- SEC series ID: S000001509
- Share class ID: C000219259
C000219259 Investment Objective and Strategy
BlackRock High Equity Income 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 High Equity Income Fund (formerly known as BlackRock U.S. Opportunities Portfolio) (the “Fund”), a series of BlackRock Funds SM (the ""Trust""), is to seek high current income with consideration for capital appreciation."
Principal investment strategy
The Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of equity securities. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities and equity-related instruments, including equity-linked notes. The Fund may invest in securities of companies with any market capitalization, but will generally focus on large cap securities. The Fund may invest up to 50% of its assets in equity-linked notes that provide exposure to equity securities and covered call options or other types of financial instruments. With respect to the Funds equity investments, the Fund may invest in common stock, preferred stock, securities convertible into common and preferred stock, non-convertible preferred stock and depositary receipts.
The Fund generally intends to invest in dividend paying stocks. From time to time, the Fund may invest in shares of companies through initial public offerings (IPOs). The Fund may invest in securities from any country, including emerging markets. The Fund may invest in securities denominated in both U.S. dollars and non-U.S. dollar currencies. BlackRock chooses investments for the Fund that it believes will both provide current income and current gains as well as increase in value over the long term. The Funds portfolio, in the aggregate, will be structured in a manner designed to deliver high current income with consideration for capital appreciation. The Fund intends to employ a strategy of writing (selling) covered call and put options on common stocks, indices of securities, sectors of securities and baskets of securities, primarily through structured notes.
This option strategy is intended to generate current gains from option premiums as a means to enhance distributions payable to the Funds shareholders. As the Fund writes more covered call options, its ability to benefit from capital appreciation becomes more limited and the Funds total return may deviate more from the returns of the Russell 1000 Value Index, an all equity benchmark. The Fund seeks to produce a high level of current income from dividends, and, to a lesser extent, from option writing premiums. The Fund may invest in master limited partnerships (MLPs) that are generally in energy- and financial-related industries and in U.S. and non-U.S. real estate investment trusts (REITs), as well as structured products, including equity-linked notes, to maximize the Funds current income. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
C000219259 Holdings
Top 10 holdings of BlackRock High Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Liquidity Funds | 3.69% |
| Samsung Electronics Co. Ltd. | 3.38% |
| Citigroup, Inc. | 2.69% |
| Amazon.com, Inc. | 1.94% |
| Western Digital Corp. | 1.89% |
| Wells Fargo & Company | 1.86% |
| Cvs Health Corp. | 1.78% |
| Fedex Corp. | 1.68% |
| British American Tobacco PLC | 1.67% |
| Microsoft Corp. | 1.60% |
C000219259 Portfolio Allocation
Asset-class allocation of BlackRock High Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 62.8% |
| Fixed Income | 39.6% |
| Cash & Equivalents | 3.7% |
C000219259 Performance
Total returns for C000219259 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.2% |
| 1 year | 21.5% |
| 3 years (annualised) | 14.5% |
| 5 years (annualised) | 8.7% |
C000219259 Risk Information
Risk metrics for C000219259, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.2%
C000219259 Costs and Fees
C000219259 costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.90%
- Portfolio turnover: 153%
- Brokerage commissions: 5.10 bps of average net assets (SEC N-CEN)
C000219259 Cashflows
Over the 12 months to 2026-05, BlackRock High Equity Income Fund had net inflows of $86.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$5.00M |
| 2026-04 | −$8.22M |
| 2026-03 | $5.47M |
| 2026-02 | $11.28M |
| 2026-01 | $10.77M |
| 2025-12 | $10.74M |
C000219259 Debt Constituents
Largest debt holdings of BlackRock High Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Citigroup Global Markets Inc. | 1.43% |
| Sg Americas Securities, LLC | 1.36% |
| Bnp Paribas Securities Corp. | 1.24% |
| Barclays Capital Inc. | 1.13% |
| Mizuho Securities USA LLC | 1.07% |
| J.p. Morgan Securities LLC | 1.06% |
| Nomura Securities International, Inc. | 1.01% |
| Morgan Stanley & Co. LLC | 0.99% |
| Bmo Capital Markets Corp. | 0.96% |
| Hsbc Securities (usa) Inc. | 0.91% |
C000219259 Prospectus and SEC Filings
Official BlackRock High Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-25
- Prospectus (485BPOS) — filed 2025-09-25
- Prospectus (485BPOS) — filed 2024-09-25
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Annual census (N-CEN) — filed 2026-08-13
- Annual census (N-CEN) — filed 2025-08-11
Related Funds
Other Global (incl. US) Mid Cap 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.