Blackrock Capital and Income Fund Inc.
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$19.41
- Net Assets:$774.67 Million
- NAV:$20.79
- Premium-6.64%
- Peer Rank:27 of 161
- Investment Rating:B
- Performance:B-
- RiskC+
We rate BlackRock Enhanced Capital and Inc at B. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth & Income strategy.
Total return ranks very high in comparison with peers over the last three years. The BlackRock Enhanced Capital and Inc has returned an annual rate of 8.78% since inception. More recently, the fund has generated a total return of 13.29% in the last five years, 10.75% in the last three years, and 16.35% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 88% of them. It has also outpaced 86% of its competitors on a three year basis and 70% of them over the last year for the period ending 2/29/2024. On a year to date basis, CII has returned 4.76%.
Downside risk has been below average. CII has a draw down risk of -25.63%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.4%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. On total assets of $774.67 million, CII maintains a low expense ratio compared to its Growth & Income peers of just 0.89% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CII is a closed end fund, it has no front end or back end load.
Manager tenure and performance record are net positives. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The BlackRock Enhanced Capital and Inc has been managed by Kyle G. McClements for the last 15 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than 57% of other fund managers.