Equity

BILPX

Event Driven Equity Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
12.75 6.64 5.63 7.62
Benchmark (%) 0.12 1.49 1.19 0.63
Morningstar Category Avg. (%) 7.63 2.15 1.84 1.37
Morningstar Ranking 20/96 11/91 7/76 -
Morningstar Quartile 1 1 1 -
Lipper Category Avg. (%) 53.19 11.50 13.91 12.60
Lipper Ranking 27/51 19/49 11/37 1/19
Lipper Quartile 3 2 2 1
  YTD 1m 3m 1y 3y 5y 10y
0.70 0.50 0.70 12.75 21.28 31.53 108.49
Benchmark (%) 0.03 0.01 0.03 0.12 4.55 6.09 6.51
Morningstar Category Avg. (%) 2.68 1.38 2.68 7.63 6.58 9.55 14.56
Lipper Category Avg. (%) 8.35 5.50 8.35 53.19 39.41 92.80 229.00
  2016 2017 2018 2019 2020
Total Return (%) 4.29 7.14 5.48 7.29 6.31
Benchmark (%) 0.33 0.86 1.87 2.28 0.67
Morningstar Category Avg. (%) 4.11 4.30 1.61 7.68 6.69
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 Fund's returns prior to May 8, 2015 are the returns of the Fund when it followed different investment strategies under the name "BlackRock Large Cap Core Plus Fund," which focused on establishing long and short positions in a diversified portfolio of equity securities issued primarily by large cap companies located in the United States. 

 

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill.

Key Facts

Key Facts

Size of Class (Millions) as of Jun 18, 2021 $7,820.7 M
Size of Fund (Millions) as of Jun 18, 2021 $8,120.3 M
Share Class launch date Dec 19, 2007
Asset Class Alternative
Morningstar Category Event Driven
Lipper Classification Alt Event Driven Funds
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1) (4PM)
CUSIP 09250J734
Distribution Frequency Annual
Max Offer Price as of Jun 18, 2021 $10.26
Open to New Investors Yes
Turnover Percent in the Annual Report 177%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 5.76%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -5.06%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager evaluates the fundamental and strategic aspects of each security in which the Fund may invest. This may include a detailed, comprehensive review and analysis of all aspects of the company, including ESG policies, when evaluating opportunities. The Fund manager's deep due diligence informs a holistic perspective on a given issuer and may impact the investment decision. Additionally, on a regular basis the Fund manager conducts portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.43%
Net Expense Ratio 1.36%

Net Expense Ratio excluding Investment Related Expenses is 1.19%

  • Acquired Fund Fees and Expenses 0.16%
  • Interest expense 0.01%

Exposure Breakdowns

Exposure Breakdowns

as of May 28, 2021

% of Market Value

Type Long Short Net
as of May 28, 2021

% of Market Value

Type Long Short Net
as of May 28, 2021

% of Market Value

Type Long Short Net
as of May 28, 2021

% 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

Mark McKenna
Managing Director

Mark R. McKenna, Managing Director, is Founder and Global Head of Event Driven. Mr. McKenna is responsible for managing BlackRock's event-driven investing efforts.

Portfolio Manager

Literature

Literature

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