BlackRock Commodity Strategies Portfolio Institutional Shares (BICSX)

Fund Assets	1.27B
Expense Ratio	0.72%
Min. Investment	$2,000,000
Turnover	88.00%
Dividend (ttm)	1.57
Dividend Yield	13.47%
Dividend Growth	381.18%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 22, 2026

Previous Close	11.57
YTD Return	25.98%
1-Year Return	40.80%
5-Year Return	91.32%
52-Week Low	9.43
52-Week High	12.81
Beta (5Y)	0.29
Holdings	396
Inception Date	Oct 3, 2011

About BICSX

BlackRock Commodity Strategies Portfolio Institutional Shares is a mutual fund designed to deliver total return by utilizing a diversified approach to commodity investing. The fund employs a dual-strategy model: approximately half of its assets are allocated to commodity-linked derivatives, while the other half is invested in equities of companies involved in the commodity sector, such as energy, mining, and materials firms. Notable holdings include United States Treasury securities, major energy corporations like Exxon Mobil and Shell, as well as leading precious metals miners such as Agnico Eagle Mines and Barrick Gold. This structure provides investors with exposure not only to direct commodity price movements but also to the broader economic activity surrounding commodity production and distribution. BlackRock Commodity Strategies Portfolio Institutional Shares serves as a potential hedge against inflation and offers broad diversification across geographic regions and commodity types, making it a significant option for institutional investors seeking to integrate commodity strategies into their portfolios while maintaining a competitive expense ratio within its peer group.

• Fund Family: BlackRock
• Category: Commodities Broad Basket
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: BICSX
• Index: Bloomberg Commodity TR

Performance

BICSX had a total return of 40.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.41%.

Top 10 Holdings

80.00% of assets

Name	Symbol	Weight
United States Treasury Bills	B.0 08.27.26	47.92%
TRSWAP: BCOMRENT INDEX	n/a	5.60%
TRSWAP: BCOMRPRT INDEX	n/a	4.84%
ExxonMobil Holdings Corporation	XOM	4.49%
TRSWAP: BCOMRENT INDEX	n/a	4.21%
Nutrien Ltd.	NTR	3.11%
Chevron Corporation	CVX	2.64%
Corteva, Inc.	CTVA	2.52%
Bunge Global SA	BG	2.35%
Shell plc	SHEL	2.33%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 22, 2026	$1.39845	Jul 23, 2026
Dec 11, 2025	$0.16687	Dec 12, 2025
Jul 17, 2025	$0.15322	Jul 18, 2025
Dec 13, 2024	$0.17209	Dec 16, 2024
Jul 18, 2024	$0.12703	Jul 19, 2024
Dec 7, 2023	$0.1923	Dec 8, 2023

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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