Equity

BDMIX

Global 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.
-9.16 -0.82 - - 2.24
Benchmark (%) Index: BofA ML 3-MO US Treasury Bill (GO01).<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. 0.19 0.09 - - -
Morningstar Category Avg. (%) Market Neutral 0.07 0.77 0.97 0.90 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 3 - - -
Lipper Category Avg. (%) Alt Long/Short Equity -4.01 2.62 3.47 3.44 -
Lipper Ranking Rankings are based on total return excluding sales charges. 265/331 157/177 - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 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 Class (Millions) as of 26-Aug-2016 $766.7 M
Size of Fund (Millions) as of 26-Aug-2016 $982.2 M
Share Class launch date 20-Dec-2012
Asset Class Alternative
Morningstar Category Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index BofA ML 3-MO US Treasury Bill (GO01)
CUSIP 091936526
Net, Excluding Investment Related Expenses 1.67%
Gross Expense Ratio 1.83%
Max Offer Price as of 26-Aug-2016 $10.55
Number of Holdings (Long) as of 29-Apr-2016 2,419.00
Number of Holdings (Short) as of 29-Apr-2016 1,853.00
Open to New Investors Yes
Turnover Percent as of 31-Jul-2016 17%

Portfolio Characteristics

Portfolio Characteristics

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 31-Jul-2016 out of 182, 11,742, 183, 75 and 183 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 12-Jul-2016) ‡

Holdings

Holdings

as of 29-Jul-2016
Name Fund Weight (%)
LOWES COMPANIES INC 2.10
SWISS MKT IX SEP 16 1.92
ASTELLAS PHARMA INC 1.87
CANADIAN IMPERIAL BANK OF COMMERCE 1.83
HOCHTIEF AG 1.80
Name Fund Weight (%)
CLP HOLDINGS LTD 1.80
VERISIGN INC 1.67
INTERTEK GROUP PLC 1.67
VALEO SA 1.52
MEDIASET ESPANA COMUNICACION SA 1.51
as of 29-Jul-2016
Name Fund Weight (%)
GEBERIT AG -1.56
DUFRY AG -1.51
CYRUSONE INC -1.49
MAKITA CORPORATION -1.37
AT&T INC -1.25
Name Fund Weight (%)
VONOVIA SE -1.23
FIDELITY NATIONAL INFORMATION SERVICES INC -1.21
BALL CORPORATION -1.20
GRAMERCY PROPERTY TRUST -1.13
BAYERISCHE MOTOREN WERKE AG -1.12

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jul-2016

% of Market Value

Type Long Short Net
as of 29-Jul-2016

% of Market Value

Type Long Short Net
as of 29-Jul-2016

% of Market Value

Type Long Short Net
as of 29-Jul-2016

% of Market Value

Type Long Short Net
Sorry, countries/regions are not available at this time.
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
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
Managing Director, Scientific Active Equity Investment Group
Kevin Franklin
Managing Director, Portfolio Manager, Global Equity Hedge Fund Strategies
Richard Mathieson
Richard Mathieson
Portfolio Manager

Literature

Literature

 

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