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BlackRock High Equity Income Instl (BMCIX)

28.36 -0.08 (-0.28%)
At close: 8:01 PM EDT

Fund Summary

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. It 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.

BlackRock High Equity Income Instl

WILMINGTON DE 19809
100 BELLEVUE PARKWAY
800-441-7762

Fund Overview

Category Derivative Income
Fund Family BlackRock
Net Assets 2.04B
YTD Return 6.11%
Yield 6.50%
Morningstar Rating
Inception Date May 01, 1998

Fund Operations

Last Dividend 0.47
Last Cap Gain -7.00
Holdings Turnover 126.00%
Average for Category --

Fees & Expenses

Expense BMCIX Category Average
Annual Report Expense Ratio (net) 0.85% 1.11%
Prospectus Net Expense Ratio 0.85% --
Prospectus Gross Expense Ratio 1.00% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.56%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

CFA ,Managing Director of BlackRock, Inc. since 2010 McClements joined BlackRock following the merger with SSRM in 2005. Prior to joining BlackRock, he was vice president of SSRM's Quantitative Strategies Group where one of his responsibilities was implementing different option strategies on various equity accounts since 2004. Prior to joining SSRM, McClements was a vice president at Deutsche Asset Management where he was a derivative, program and FX trader. From 1998 to 2001, he was also a portfolio manager for the ProEquity Fund Series.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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