Fund info

BlackRock Systematic Multi-Strategy Fund Class K is an open‑end mutual fund designed as a diversified alternative strategy aiming for total return from current income and capital appreciation. According to BlackRock, the strategy blends multiple systematic sleeves—spanning rates, credit, currency, and other liquid alternatives—to target low correlation with traditional equities and provide a smoother return profile across market cycles. The fund invests across global asset classes with an emphasis on fixed and floating rate debt securities, complemented by opportunistic use of derivatives and shorting to manage risk and seek alpha. It is positioned as a potential portfolio diversifier relative to core bond exposures, with an explicit objective of participating in both up and down markets while controlling drawdowns. Independent analyses highlight its historical ability to limit maximum drawdowns and deliver positive results in challenging bond environments, underscoring its risk-managed design. BlackRock notes that the fund integrates ESG considerations in its investment process but does not pursue a dedicated ESG outcome, keeping the focus on systematic, outcome‑oriented total return.