Multi Asset

BIEEX

BlackRock GA Dynamic Equity Fund

  • NAV as of Dec 12, 2024 $17.37
    52 WK: 14.02 - 17.55
  • 1 Day NAV Change as of Dec 12, 2024 -0.15 (-0.86%)
  • NAV Total Return as of Dec 12, 2024 YTD: 22.77%
  • Morningstar Rating

Overview

About this Fund

1. Valuation-based fundamental approach to investing

2. Managed by the BlackRock Global Allocation team

3. Core component of broadly diversified, team-managed model portfolios

Investment Approach

The BlackRock GA Dynamic Equity Fund is an unconstrained global equity holding that seeks to provide total return by investing across regions, countries, and sectors.
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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 29.30 6.93 12.56 - 10.24
Benchmark (%) 32.43 9.08 13.04 - 11.27
Morningstar Category Avg. (%) 28.82 4.34 9.61 - -
Morningstar Ranking 161/346 180/328 65/297 - -
Morningstar Quartile 2 3 1 - -
Lipper Ranking 70/122 62/111 18/83 - -
Lipper Quartile 3 3 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 18.25 1.58 3.15 29.30 22.27 80.66 - 104.39
Benchmark (%) 18.86 1.83 6.36 32.43 29.79 84.60 - 118.72
Morningstar Category Avg. (%) 12.89 -2.57 1.62 28.82 22.31 65.95 - -
  2019 2020 2021 2022 2023
Total Return (%) 27.03 21.47 18.24 -17.55 17.71
Benchmark (%) 27.67 15.90 21.82 -18.14 23.79
Morningstar Category Avg. (%) 25.26 12.96 17.72 -16.67 18.12

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 information for periods prior to the inception date of the Institutional Shares are based on the Fund’s Class K Shares (which was previously an undesignated share class of the Fund), adjusted to reflect the fees and expenses applicable to the Institutional Shares. Please see the fund prospectus for more details.

Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 12, 2024
$1,334.5 M
Share Class launch date
Nov 30, 2018
Benchmark Index
MSCI World Net TR Index
Morningstar Category
Global Large-Stock Blend
CUSIP
561656885
Open to New Investors
No
Size of Class (Millions)
as of Dec 12, 2024
$1,334.1 M
Asset Class
Multi Asset
Distribution Frequency
Annual
Lipper Classification
Global Large-Cap Core
Max Offer Price
as of Dec 12, 2024
$17.37
Turnover Percent in the Annual Report
as of Apr 30, 2024
74.00%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Nov 29, 2024
109
P/E Ratio - Forward
as of Nov 29, 2024
22.51
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
13.17%
P/B Ratio
as of Nov 29, 2024
4.25
Average Market Cap (Millions)
as of -
-
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-14.71%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Nov 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Nov 21, 2024
7.0
Fund Lipper Global Classification
as of Nov 21, 2024
Equity Global
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Nov 21, 2024
108.45
MSCI ESG % Coverage
as of Nov 21, 2024
92.46%
MSCI ESG Quality Score - Peer Percentile
as of Nov 21, 2024
46.67%
Funds in Peer Group
as of Nov 21, 2024
5,451
MSCI Weighted Average Carbon Intensity % Coverage
as of Nov 21, 2024
85.50%
All data is from MSCI ESG Fund Ratings as of Nov 21, 2024, based on holdings as of Apr 30, 2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of Nov 29, 2024
0.43%
MSCI - Nuclear Weapons
as of Nov 29, 2024
0.43%
MSCI - Civilian Firearms
as of Nov 29, 2024
0.00%
MSCI - Tobacco
as of Nov 29, 2024
0.00%
MSCI - UN Global Compact Violators
as of Nov 29, 2024
0.00%
MSCI - Thermal Coal
as of Nov 29, 2024
0.31%
MSCI - Oil Sands
as of Nov 29, 2024
0.59%
Business Involvement Coverage
as of Nov 29, 2024
93.27%
Percentage of Fund not covered
as of Nov 29, 2024
6.73%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 1.06% and for Oil Sands 2.75%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.66%
Net Expense Ratio 0.57%

Net Expense Ratio excluding Investment Related Expenses is 0.55%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for BlackRock GA Dynamic Equity Fund, as of Nov 30, 2024 rated against 316 Global Large-Stock Blend Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Oct 31, 2024)
Analyst-Driven % as of Oct 31, 2024
55.00
Data Coverage % as of Oct 31, 2024
98.00

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 Nov 30, 2024 out of 108, 12,235, 111, 75 and 108 Funds, respectively in Lipper's Global Large-Cap Core classification.

Holdings

Holdings

as of Aug 30, 2024
Name Weight (%)
MICROSOFT CORPORATION 4.45
NVIDIA CORPORATION 3.37
AMAZON.COM INC 2.94
APPLE INC 2.86
ALPHABET INC 2.15
Name Weight (%)
UNITEDHEALTH GROUP INC 2.10
META PLATFORMS INC 1.80
MARSH & MCLENNAN COMPANIES INC 1.79
WALMART INC 1.72
SHELL PLC 1.64
Name Market Value Weight (%) Shares
as of Nov 29, 2024
Name Weight (%)
MICROSOFT CORP 4.58
NVIDIA CORP 3.98
APPLE INC 3.64
AMAZON COM INC 3.59
ALPHABET INC CLASS C 2.69
Name Weight (%)
JPMORGAN CHASE & CO 2.32
META PLATFORMS INC CLASS A 2.25
BANK OF AMERICA CORP 2.02
UNITEDHEALTH GROUP INC 2.02
WALMART INC 1.69
Detailed Holdings and Analytics
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.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2024

% of Market Value

Type Fund Benchmark 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

Rick Rieder
Rick Rieder
Chief Investment Officer of Global Fixed Income

        

Read More

Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

 

Responsible for managing roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013.

 

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Randy Berkowitz
Randy Berkowitz
Russ Koesterich, CFA, JD
Russ Koesterich, CFA, JD

  

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Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team.

 

Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the U.S. Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of two books, including his most recent "The Ten Trillion Dollar Gamble."

 

Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA Charterholder.

Sarah Thompson
Sarah Thompson
Portfolio Manager

Literature

Literature

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