BlackRock Energy Opportunities Fund Institutional Class (BACIX)
| Fund Assets | 265.05M |
| Expense Ratio | 0.91% |
| Min. Investment | $2,000,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 2.48% |
| Dividend Growth | -21.05% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 10, 2024 |
| Previous Close | 12.07 |
| YTD Return | -9.98% |
| 1-Year Return | -14.99% |
| 5-Year Return | 111.49% |
| 52-Week Low | 12.00 |
| 52-Week High | 14.83 |
| Beta (5Y) | 0.66 |
| Holdings | 31 |
| Inception Date | Feb 16, 2005 |
About BACIX
BlackRock Energy Opportunities Fund Institutional Class is a mutual fund focused on providing long-term capital growth by investing primarily in equity securities of global energy companies and related businesses. The fund employs a multi-cap approach, allocating assets across companies of various sizes, though it heavily favors large-cap firms. Its portfolio is concentrated in major industry players such as Exxon Mobil, Chevron, Shell, and TotalEnergies, which together constitute a significant portion of the fund’s holdings. Key sectors represented include integrated energy, exploration and production, distribution, refining, and oil services. The fund benchmarks its performance against the MSCI World Energy Index and is managed with a strategy that seeks to benefit from trends in the global energy market. With a net expense ratio of 0.91%, it targets institutional investors and aims to provide exposure to the energy sector’s growth and income opportunities, serving as a specialized tool for diversification or targeted allocation in energy within broader investment portfolios.
Performance
BACIX had a total return of -14.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.83%.
Top 10 Holdings
70.81% of assets| Name | Symbol | Weight |
|---|---|---|
| Exxon Mobil Corporation | XOM | 19.62% |
| Shell plc | SHEL | 10.46% |
| Chevron Corporation | CVX | 9.74% |
| TotalEnergies SE | TTE | 7.10% |
| Canadian Natural Resources Limited | CNQ | 4.16% |
| Cheniere Energy, Inc. | LNG | 4.13% |
| TC Energy Corporation | TRP | 4.08% |
| The Williams Companies, Inc. | WMB | 4.06% |
| Kinder Morgan, Inc. | KMI | 3.80% |
| EOG Resources, Inc. | EOG | 3.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 10, 2024 | $0.19639 | Dec 11, 2024 |
| Jul 18, 2024 | $0.15402 | Jul 19, 2024 |
| Dec 7, 2023 | $0.22166 | Dec 8, 2023 |
| Jul 20, 2023 | $0.22219 | Jul 21, 2023 |
| Dec 8, 2022 | $0.18785 | Dec 9, 2022 |
| Jul 14, 2022 | $0.14048 | Jul 15, 2022 |