BLSAX

Advantage Emerging Markets Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-1.14 -1.15 -1.50 - -0.51
-6.33 -2.91 -2.56 - -1.44
Benchmark (%) Index: MSCI Emerging Markets Index (Net).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 23.75 1.07 3.96 - -
Morningstar Category Avg. (%) Market Neutral 2.71 0.35 0.88 0.72 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 120/147 82/111 67/74 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 3 4 - -
Lipper Category Avg. (%) Alt Long/Short Equity 8.67 2.23 5.58 2.96 -
Lipper Ranking Rankings are based on total return excluding sales charges. 304/323 176/203 105/108 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 4 4 4 - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-0.63 -0.42 -1.55 -1.14 -3.40 -7.29 - -2.90
-5.84 -5.65 -6.72 -6.33 -8.47 -12.15 - -7.99
Benchmark (%) Index: MSCI Emerging Markets Index (Net).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 18.43 1.01 6.27 23.75 3.25 21.41 - -
Morningstar Category Avg. (%) Market Neutral 0.66 0.11 0.02 2.71 1.06 4.46 7.47 -
Lipper Category Avg. (%) Alt Long/Short Equity 4.04 0.56 1.29 8.67 7.23 32.97 39.01 -
  2012 2013 2014 2015 2016
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 7.25 -1.30 -2.30 -6.55 1.38
Annual w/ Sales Charge (%) Max Sales Charge: - 1.62 -6.48 -7.42 -11.46 -3.95
Benchmark (%) Index: MSCI Emerging Markets Index (Net)<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 0.11 0.07 0.03 0.05 0.33
Morningstar Category Avg. (%) Market Neutral 0.18 2.92 0.76 -0.25 2.23


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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Fund (Millions) $120.8 M
Share Class launch date Oct 06, 2011
Size of Class (Millions) $3.2 M
Asset Class Equity
Morningstar Category Market Neutral
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index (Net)
CUSIP 091936724
Max Offer Price as of Sep 21, 2017 $11.01
Number of Holdings (Long) 453.00
Number of Holdings (Short) 284.00
Open to New Investors Yes
Turnover Percent -

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Aug 31, 2017 14.79
P/E Ratio - Short as of Aug 31, 2017 0.00
Market Cap - Long (Millions) as of Aug 31, 2017 $92,456.9 M
Market Cap - Short (Millions) as of Aug 31, 2017 $2,738.6 M
P/B Ratio - Short as of Aug 31, 2017 5.78
P/B Ratio - Long as of Aug 31, 2017 1.76
Best 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2017 7.33%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jul 31, 2015 -6.06%
Nominal WAL as of Aug 31, 2017 0.15 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

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 Aug 31, 2017 out of 646, 11,920, 645, 184 and 646 Funds, respectively in Lipper's Emerging Markets Funds classification.

Holdings

Holdings

as of Aug 31, 2017
Name Fund Weight (%)
SAMSUNG ELECTRONICS CO LTD 5.72
TENCENT HOLDINGS LTD 3.91
ALIBABA GROUP HOLDING LTD 2.97
HON HAI PRECISION INDUSTRY CO LTD 2.24
ITAU UNIBANCO HOLDING SA 2.09
Name Fund Weight (%)
BAIDU INC 2.01
BANCO BRADESCO SA 2.01
PING AN INSURANCE GROUP CO OF CHINA LTD 1.93
CHINA MOBILE LTD 1.90
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 1.83
as of Aug 31, 2017
Name Fund Weight (%)
CHINA SHANSHUI CEMENT GROUP LTD -0.22
HANJIN KAL CORP 0.00
Name Fund Weight (%)
POSCO ICT CO LTD 0.00
KIMBERLY CLARK DE MEXICO SAB DE CV 0.00

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2017

% of Market Value

Type Long Short Net
as of Aug 31, 2017

% of Market Value

Type Long Short Net
as of Aug 31, 2017

% of Market Value

Type Long Short Net
as of Aug 31, 2017

% 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

Jeff Shen, PhD
Head of Emerging Markets and Co-Head of Investments for Scientific Active Equity

   

Richard Mathieson
Richard Mathieson
David Piazza
David Piazza
Gerardo Rodriguez
Portfolio Manager, Emerging Markets
Portfolio Manager

Literature

Literature

 

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