Equity

BDMIX

Global Equity Market Neutral Fund

Overview

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Performance

Performance

Distributions

This fund does not have any distributions.
  1y 3y 5y 10y
17.46 18.86 11.32 7.28
Morningstar Category Avg. (%) 5.72 8.35 7.82 3.84
Morningstar Ranking 3/40 5/33 9/31 4/29
Morningstar Quartile 1 1 2 1
Lipper Category Avg. (%) 11.79 10.84 7.19 6.66
Lipper Ranking 36/156 10/141 20/130 48/99
Lipper Quartile 1 1 1 2
  YTD 1m 3m 1y 3y 5y 10y
4.32 1.60 4.32 17.46 67.91 70.92 101.95
Morningstar Category Avg. (%) 1.45 0.37 1.45 5.72 27.21 45.68 45.70
Lipper Category Avg. (%) 0.27 -2.51 0.27 11.79 37.34 45.49 95.87
  2021 2022 2023 2024 2025
Total Return (%) 3.34 1.81 14.58 21.39 18.27
Morningstar Category Avg. (%) 6.95 5.86 5.09 8.55 8.02
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.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 08, 2026
$10,564.2 M
Share Class launch date
Dec 20, 2012
Morningstar Category
Equity Market Neutral
CUSIP
091936526
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 08, 2026
$8,176.1 M
Asset Class
Equity
Lipper Classification
Alt Long/Short Equity
Max Offer Price
as of Apr 08, 2026
$15.33
Turnover Percent in the Annual Report
as of Apr 30, 2025
44.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Mar 31, 2026
17.98
P/E Ratio - Short
as of Mar 31, 2026
17.68
R-Squared (3y)
as of Mar 31, 2026
1.56
Market Cap - Short (Millions)
as of Mar 31, 2026
$ 41,577.7 M
Beta (3y)
as of Mar 31, 2026
3.33
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2024
0.14%
Number of Holdings (Short)
as of Mar 31, 2026
2451
P/B Ratio
as of Mar 31, 2026
-9.14
Alpha (3y)
as of Mar 31, 2026
0.18
Market Cap - Long (Millions)
as of Mar 31, 2026
$ 88,506.3 M
Fund Standard Deviation (3y)
as of Mar 31, 2026
5.67
Best 3-Month Return Over the Last 3 Years
3 months ending Mar 31, 2024
9.50%
Number of Holdings (Long)
as of Mar 31, 2026
2442
Active Share
as of Mar 31, 2026
248.87%
For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.42%
Net Expense Ratio 1.34%

Net Expense Ratio excluding Investment Related Expenses is 1.34%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Equity Market Neutral Fund, as of Mar 31, 2026 rated against 33 Equity Market Neutral Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Jul 23, 2025)
Analyst-Driven % as of Jul 23, 2025
100.00
Data Coverage % as of Jul 23, 2025
100.00

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 Mar 31, 2026 out of 141, 11,968, 141, 64 and 141 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Holdings

Holdings

as of Mar 31, 2026
Name Weight (%)
INVESCO S&P 500 EQL WGHT ETF 2.11
INVESCO QQQ TRUST SERIES 1 1.38
AMUNDI STOXX EUROPE 600 - UCITS ETF ACC 1.31
Goldman Sachs Most Short Rolling 0.93
SWISS MKT IX JUN 26 0.82
Name Weight (%)
BERKSHIRE HATHAWAY INC 0.74
QUALCOMM INCORPORATED 0.52
ABBOTT LABORATORIES 0.43
TEXAS INSTRUMENTS INC 0.41
MARVELL TECHNOLOGY INC 0.34
Name Market Value Weight (%) Shares
as of Mar 31, 2026
Issuer Weight (%)
INVESCO S&P 500 EQL WGHT ETF 2.11
INVESCO QQQ TRUST SERIES 1 1.38
AMUNDI STOXX EUROPE 600 - UCITS ETF ACC 1.31
Goldman Sachs Most Short Rolling 0.93
SWISS MKT IX JUN 26 0.82
Issuer Weight (%)
BERKSHIRE HATHAWAY INC 0.74
QUALCOMM INCORPORATED 0.52
ABBOTT LABORATORIES 0.43
TEXAS INSTRUMENTS INC 0.41
MARVELL TECHNOLOGY INC 0.34
as of Mar 31, 2026
Name Fund Weight (%)
BOVESPA (IBOVESPA) INDEX APR 26 -1.15
AMSTERDAM INDEX APR 26 -1.12
CATERPILLAR INC -0.55
LYXOR EURO STOXX 50 (DR) UCITS ETF - DIST -0.49
AMGEN INC -0.46
Name Fund Weight (%)
PROLOGIS INC -0.41
EDWARDS LIFESCIENCES CORP -0.40
VERTIV HOLDINGS CO -0.37
HONEYWELL INTERNATIONAL INC -0.33
CHUBB LTD -0.33
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Top Holdings

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2026

% of Market Value

Type Long Short Net
as of Mar 31, 2026

% of Market Value

Type Long Short Net
as of Mar 31, 2026

% of Market Value

Type Long Short Net
as of Mar 31, 2026

% 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.

Exposure Breakdowns

Portfolio Managers

Portfolio Managers

Raffaele Savi
Global Head of BlackRock Systematic
Kevin Franklin
Managing Director, Systematic Equities

     

Richard Mathieson
Managing Director, Systematic Equities
Portfolio Manager

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

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Literature

Literature