Equity

BDMAX

Global Long/Short Equity Fund

Overview

Loading

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.
12.57 1.08 4.29 - 4.28
6.66 -0.72 3.17 - 3.17
Benchmark (%) Index: BofA ML 3-MO US Treasury Bill (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. 0.86 0.41 0.27 - -
Morningstar Category Avg. (%) Market Neutral 2.37 0.87 1.13 0.91 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 7/150 58/118 11/83 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 2 1 - -
Lipper Category Avg. (%) Alt Long/Short Equity 10.25 4.34 6.54 3.83 -
Lipper Ranking Rankings are based on total return excluding sales charges. 118/314 175/215 95/118 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 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.
12.57 -0.58 2.13 12.57 3.28 23.37 - 23.49
6.66 -5.80 -3.23 6.66 -2.14 16.89 - 17.01
Benchmark (%) Index: BofA ML 3-MO US Treasury Bill (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. 0.86 0.11 0.28 0.86 1.24 1.35 - -
Morningstar Category Avg. (%) Market Neutral 2.37 0.36 0.79 2.37 2.63 5.76 9.52 -
Lipper Category Avg. (%) Alt Long/Short Equity 10.25 0.77 3.06 10.25 14.05 38.59 52.02 -


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.
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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

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.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart

Key Facts

Key Facts

Size of Class (Millions) as of Feb 20, 2018 $51.3 M
Size of Fund (Millions) as of Feb 20, 2018 $605.2 M
Share Class launch date Dec 20, 2012
Asset Class Alternative
Morningstar Category Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index BofA ML 3-MO US Treasury Bill (G0O1)
CUSIP 091936542
Max Offer Price as of Feb 20, 2018 $12.47
Number of Holdings (Long) as of Dec 29, 2017 635.00
Number of Holdings (Short) as of Dec 29, 2017 593.00
Open to New Investors Yes
Turnover Percent as of Sep 30, 2017 34%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Dec 29, 2017 19.51
P/E Ratio - Short as of Dec 29, 2017 22.74
Market Cap - Long (Millions) as of Dec 29, 2017 $24,772.2 M
Market Cap - Short (Millions) as of Dec 29, 2017 $44,386.8 M
P/B Ratio - Short as of Dec 29, 2017 2.18
P/B Ratio - Long as of Dec 29, 2017 2.45
Best 3-Month Return Over the Last 3 Years 3 months ending Apr 30, 2017 4.45%
Worst 3-Month Return Over the Last 3 Years 3 months ending Feb 29, 2016 -5.88%
Standard Deviation (3y) as of Jan 31, 2018 4.71
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Global Long/Short Equity Fund, Class A, as of Jan 31, 2018 rated against 118 Market Neutral Funds.

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 Jan 31, 2018 out of 210, 11,901, 211, 64 and 211 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jul 07, 2017) ‡

Holdings

Holdings

as of Dec 29, 2017
Name Fund Weight (%)
SWISS MKT IX MAR 18 6.84
WALT DISNEY CO 2.25
TEXAS INSTRUMENTS INC 1.92
HOCHTIEF AG 1.91
VERISIGN INC 1.86
Name Fund Weight (%)
KONINKLIJKE DSM NV 1.86
PACCAR INC 1.86
VOLVO AB 1.79
ASSOCIATED BRITISH FOODS PLC 1.78
RYDER SYSTEM INC 1.77
as of Dec 29, 2017
Name Fund Weight (%)
SOUTHERN COMPANY (THE) -1.95
EXXON MOBIL CORP -1.94
WELLS FARGO & COMPANY -1.83
DOWDUPONT INC -1.75
UNITI GROUP INC -1.67
Name Fund Weight (%)
OERSTED A/S -1.60
AMERICAN INTERNATIONAL GROUP INC -1.60
KINGFISHER PLC -1.59
CREDIT SUISSE GROUP AG -1.56
BERKSHIRE HATHAWAY INC -1.56

Exposure Breakdowns

Exposure Breakdowns

as of Dec 29, 2017

% of Market Value

Type Long Short Net
as of Dec 29, 2017

% of Market Value

Type Long Short Net
as of Dec 29, 2017

% of Market Value

Type Long Short Net
as of Dec 29, 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

Raffaele Savi
BlackRock Scientific Active Equity Investment Team

    

Kevin Franklin
Scientific Active Equity Investment Group

     

Richard Mathieson
Richard Mathieson
Portfolio Manager

Literature

Literature

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio