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.
-6.85 -2.29 - - 2.60
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. 0.33 0.14 - - -
Morningstar Category Avg. (%) Market Neutral 2.23 0.91 1.52 0.91 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 4 4 - - -
Lipper Category Avg. (%) Alt Long/Short Equity 3.14 1.63 5.32 3.41 -
Lipper Ranking Rankings are based on total return excluding sales charges. 306/341 188/210 - - -
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 23-Feb-2017 $513.5 M
Size of Fund (Millions) as of 23-Feb-2017 $616.8 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 (G0O1)
CUSIP 091936526
Net, Excluding Investment Related Expenses 1.68%
Gross Expense Ratio 1.86%
Max Offer Price as of 23-Feb-2017 $11.00
Number of Holdings (Long) as of 30-Sep-2016 838.00
Number of Holdings (Short) as of 30-Sep-2016 747.00
Open to New Investors Yes
Turnover Percent as of 31-Jan-2017 34%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of 31-Jan-2017 20.14
P/E Ratio - Short as of 31-Jan-2017 22.12
Market Cap - Long (Millions) as of 31-Jan-2017 $12,271.8 M
Market Cap - Short (Millions) as of 31-Jan-2017 $42,710.5 M
P/B Ratio - Short as of 31-Jan-2017 2.24
P/B Ratio - Long as of 31-Jan-2017 2.13
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-Jan-2017 out of 200, 11,951, 201, 92 and 197 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 31-Jan-2017
Name Fund Weight (%)
SWISS MKT IX MAR 17 2.40
WEINGARTEN REALTY INVESTORS 2.09
MITSUBISHI CHEMICAL HOLDINGS CORP 1.83
MEDIASET ESPANA COMUNICACION SA 1.79
HOCHTIEF AG 1.75
Name Fund Weight (%)
TONENGENERAL SEKIYU KK 1.74
CANADIAN IMPERIAL BANK OF COMMERCE 1.72
LONZA GROUP AG 1.72
SPIRAX-SARCO ENGINEERING PLC 1.66
TARGET CORPORATION 1.63
as of 31-Jan-2017
Name Fund Weight (%)
PROCTER & GAMBLE COMPANY -1.88
AT&T INC -1.82
M&T BANK CORPORATION -1.67
BALL CORPORATION -1.64
FAMILYMART UNY HOLDINGS CO LTD -1.56
Name Fund Weight (%)
H & M HENNES & MAURITZ AB -1.55
RECRUIT HOLDINGS CO LTD -1.55
ANTOFAGASTA PLC -1.54
AIR LIQUIDE SA -1.52
FAST RETAILING CO LTD -1.52

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-2017

% of Market Value

Type Long Short Net
as of 31-Jan-2017

% of Market Value

Type Long Short Net
Sorry, countries/regions are not available at this time.
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

 

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