BLSIX

Emerging Markets Long/Short Equity 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.
0.21 -0.62 -0.70 - -0.02
Benchmark (%) Index: BofA ML 3 Month Treasury Bill Index (G0O1).<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. 0.36 0.17 0.14 - -
Morningstar Category Avg. (%) Market Neutral 2.19 0.68 0.93 0.89 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 3 3 4 - -
Lipper Category Avg. (%) Alt Long/Short Equity 6.93 2.33 4.40 3.27 -
Lipper Ranking Rankings are based on total return excluding sales charges. 300/336 163/198 94/104 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 4 4 4 - -


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) $136.3 M
Share Class launch date 06-Oct-2011
Size of Class (Millions) $128.6 M
Asset Class Alternative
Morningstar Category Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index BofA ML 3 Month Treasury Bill Index (G0O1)
CUSIP 091936690
Net, Excluding Investment Related Expenses 1.75%
Gross Expense Ratio 2.03%
Max Offer Price $9.61
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 28-Apr-2017 13.92
P/E Ratio - Short as of 28-Apr-2017 16.43
Market Cap - Long (Millions) as of 28-Apr-2017 $36,628.4 M
Market Cap - Short (Millions) as of 28-Apr-2017 $12,611.6 M
P/B Ratio - Short as of 28-Apr-2017 1.41
P/B Ratio - Long as of 28-Apr-2017 1.62
R-Squared (3y) as of 28-Apr-2017 0.00
Beta (3y) as of 28-Apr-2017 0.00
Best 3-Month Return Over the Last 3 Years 3 months ending 31-Aug-2014 4.83%
Worst 3-Month Return Over the Last 3 Years 3 months ending 31-Jul-2015 -6.02%
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 30-Apr-2017 out of 194, 11,916, 195, 88 and 195 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Holdings

Holdings

as of 28-Apr-2017
Name Fund Weight (%)
KT CORPORATION 3.50
CHINA PETROLEUM & CHEMICAL CORP 3.48
SAMSUNG ELECTRONICS CO LTD 3.14
HON HAI PRECISION INDUSTRY CO LTD 2.46
ITAU UNIBANCO HOLDING SA 2.30
Name Fund Weight (%)
ENEL GENERACION CHILE SA 2.26
BANCO BRADESCO SA 2.25
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.01
ALIBABA GROUP HOLDING LTD 2.00
CHINA MOBILE LTD 1.99
as of 28-Apr-2017
Name Fund Weight (%)
MSCI EMERGING MARKETS, NET RETURNS -48.33
SASOL LTD -2.87
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORP -1.81
TONGDA GROUP HOLDINGS LTD -1.72
INFRAESTRUCTURA ENERGETICA NOVA SAB DE CV -1.70
Name Fund Weight (%)
SAMSUNG ELECTRO-MECHANICS CO LTD -1.69
TAL EDUCATION GROUP -1.69
UNITED MICROELECTRONICS CORPORATION -1.68
MEXICHEM SAB DE CV -1.67
KOREA AEROSPACE INDUSTRIES LTD -1.65

Exposure Breakdowns

Exposure Breakdowns

as of 28-Apr-2017

% of Market Value

Type Long Short Net
as of 28-Apr-2017

% of Market Value

Type Long Short Net
as of 28-Apr-2017

% of Market Value

Type Long Short Net
as of 28-Apr-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
Daniel Blumhardt
Daniel Blumhardt
Clint Newman
Clint Newman
Portfolio Manager

Literature

Literature

 

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