Blackstone Alternative Multi-Strategy I (BXMIX)
| Fund Assets | 3.85B |
| Expense Ratio | 5.22% |
| Min. Investment | $1,000,000 |
| Turnover | 397.00% |
| Dividend (ttm) | 0.62 |
| Dividend Yield | 5.49% |
| Dividend Growth | 67.75% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 11.23 |
| YTD Return | 4.76% |
| 1-Year Return | 7.15% |
| 5-Year Return | 27.78% |
| 52-Week Low | 10.38 |
| 52-Week High | 11.35 |
| Beta (5Y) | 0.14 |
| Holdings | n/a |
| Inception Date | Jun 16, 2014 |
About BXMIX
Blackstone Alternative Multi-Strategy Fund Class I is a diversified, daily liquid mutual fund that focuses on alternative investment strategies. Its primary objective is capital appreciation, achieved by allocating assets across a spectrum of non-traditional investment strategies and partnering with a range of hedge fund managers. The fund seeks to offer diversified exposure that is less dependent on broad market movements, aiming to both mitigate portfolio volatility and enhance risk-adjusted returns over a full market cycle. This fund is designed as a core alternative solution suitable for complementing traditional equity and fixed income allocations. It covers a variety of asset classes, including government securities, securitized products, derivatives, and cash equivalents. The management process involves top-down strategy selection alongside bottom-up evaluation of underlying managers, leveraging Blackstone’s global scale and deep industry relationships. With a relatively high expense ratio reflective of its complex, actively managed strategies, the fund caters primarily to institutional investors and those seeking access to sophisticated investment approaches not typically available in conventional mutual funds. Overall, the Blackstone Alternative Multi-Strategy Fund Class I plays a meaningful role in diversifying portfolios and providing alternative sources of return within the financial markets.
Performance
BXMIX had a total return of 7.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.36%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.6163 | Dec 19, 2024 |
| Dec 14, 2023 | $0.3674 | Dec 15, 2023 |
| Dec 21, 2020 | $0.3197 | Dec 22, 2020 |
| Dec 18, 2019 | $0.3914 | Dec 19, 2019 |
| Dec 18, 2018 | $0.197 | Dec 19, 2018 |
| Dec 18, 2017 | $0.2148 | Dec 19, 2017 |