Equity

BDMIX

Global Equity Market Neutral Fund

Overview

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Performance

Performance

Distributions

This fund does not have any distributions.
  1y 3y 5y 10y
18.27 18.04 11.59 6.34
Morningstar Category Avg. (%) 8.02 7.79 8.23 3.77
Morningstar Ranking 5/40 5/33 10/31 6/28
Morningstar Quartile 1 1 2 1
Lipper Category Avg. (%) 11.53 11.36 8.46 6.62
Lipper Ranking 30/158 21/141 26/130 64/98
Lipper Quartile 1 1 1 3
  YTD 1m 3m 1y 3y 5y 10y
18.27 3.78 2.87 18.27 64.49 73.04 84.86
Morningstar Category Avg. (%) 8.02 1.45 2.41 8.02 25.22 48.48 44.77
Lipper Category Avg. (%) 11.53 0.63 2.06 11.53 39.62 55.21 95.58
  2021 2022 2023 2024 2025
Total Return (%) 3.34 1.81 14.58 21.39 18.27
Morningstar Category Avg. (%) 6.95 5.86 5.09 8.55 8.02

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

 

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Mar 09, 2026
$9,546.2 M
Share Class launch date
Dec 20, 2012
Morningstar Category
Equity Market Neutral
CUSIP
091936526
Open to New Investors
Yes
Size of Class (Millions)
as of Mar 06, 2026
$7,373.6 M
Asset Class
Equity
Lipper Classification
Alt Long/Short Equity
Max Offer Price
as of Mar 06, 2026
$14.94
Turnover Percent in the Annual Report
as of Apr 30, 2025
44%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Feb 27, 2026
19.44
P/E Ratio - Short
as of Feb 27, 2026
20.07
R-Squared (3y)
as of Feb 28, 2026
1.57
Market Cap - Short (Millions)
as of Feb 27, 2026
$ 54,651.5 M
Beta (3y)
as of Feb 28, 2026
3.45
Worst 3-Month Return Over the Last 3 Years
3 months ending May 31, 2023
-0.33%
Number of Holdings (Short)
as of Feb 27, 2026
2381
P/B Ratio
as of Feb 27, 2026
-2.43
Alpha (3y)
as of Feb 28, 2026
0.09
Market Cap - Long (Millions)
as of Feb 27, 2026
$ 68,756.2 M
Fund Standard Deviation (3y)
as of Feb 28, 2026
5.68
Best 3-Month Return Over the Last 3 Years
3 months ending Mar 31, 2024
9.50%
Number of Holdings (Long)
as of Feb 27, 2026
2416
Active Share
as of Jan 30, 2026
242.12%
For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.42%
Net Expense Ratio 1.34%

Net Expense Ratio excluding Investment Related Expenses is 1.34%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Equity Market Neutral Fund, as of Feb 28, 2026 rated against 33 Equity Market Neutral Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Jul 23, 2025)
Analyst-Driven % as of Jul 23, 2025
100.00
Data Coverage % as of Jul 23, 2025
100.00

Lipper Leader

 
 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Feb 28, 2026 out of 141, 11,961, 141, 64 and 141 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Holdings

Holdings

as of Feb 27, 2026
Name Weight (%)
INVESCO QQQ TRUST SERIES 1 0.89
Goldman Sachs Most Short Rolling 0.83
KOSPI2 INDEX MAR 26 0.74
BERKSHIRE HATHAWAY INC 0.49
SWISS MKT IX MAR 26 0.38
Name Weight (%)
SET50 FUTURES MAR 26 0.35
ROPER TECHNOLOGIES INC 0.29
QUALCOMM INCORPORATED 0.29
ABBOTT LABORATORIES 0.26
TEXAS INSTRUMENTS INC 0.26
Name Market Value Weight (%) Shares
as of Feb 27, 2026
Issuer Weight (%)
INVESCO QQQ TRUST SERIES 1 0.89
Goldman Sachs Most Short Rolling 0.83
KOSPI2 INDEX MAR 26 0.74
BERKSHIRE HATHAWAY INC 0.49
SWISS MKT IX MAR 26 0.38
Issuer Weight (%)
SET50 FUTURES MAR 26 0.35
ROPER TECHNOLOGIES INC 0.29
QUALCOMM INCORPORATED 0.29
ABBOTT LABORATORIES 0.26
TEXAS INSTRUMENTS INC 0.26
as of Feb 27, 2026
Name Fund Weight (%)
SPDR S&P 500 ETF TRUST -1.63
VANGUARD RUSSELL 2000 -1.01
INVESCO S&P 500 EQL WGHT ETF -0.98
BOVESPA (IBOVESPA) INDEX APR 26 -0.73
CATERPILLAR INC -0.30
Name Fund Weight (%)
PROLOGIS INC -0.27
LYXOR EURO STOXX 50 (DR) UCITS ETF - DIST -0.24
INTERNATIONAL BUSINESS MACHINES CORP -0.19
AMUNDI STOXX EUROPE 600 - UCITS ETF ACC -0.15
CHUBB LTD -0.15
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 27, 2026

% of Market Value

Type Long Short Net
as of Feb 27, 2026

% of Market Value

Type Long Short Net
as of Feb 27, 2026

% of Market Value

Type Long Short Net
as of Feb 27, 2026

% of Market Value

Type Long Short Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Raffaele Savi
Global Head of BlackRock Systematic
Kevin Franklin
Managing Director, Systematic Equities

     

Richard Mathieson
Managing Director, Systematic Equities
Portfolio Manager

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature

 

Funds related to BDMIX

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