Equity

BABSX

BlackRock Global Equity Absolute Return Fund ACTIVE

Overview

Loading

Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
  1y 3y 5y 10y Incept.
10.76 - - - 0.06
Benchmark (%) 5.24 - - - 3.42
Morningstar Category Avg. (%) 16.52 - - - -
Morningstar Ranking 121/168 - - - -
Morningstar Quartile 3 - - - -
Lipper Ranking 47/111 - - - -
Lipper Quartile 2 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
3.14 1.37 3.14 10.76 - - - 0.14
Benchmark (%) 1.29 0.45 1.29 5.24 - - - 7.94
Morningstar Category Avg. (%) 7.15 2.80 7.15 16.52 - - - -
  2019 2020 2021 2022 2023
Total Return (%) - - - -10.81 8.86
Benchmark (%) - - - 1.47 5.02
Morningstar Category Avg. (%) - - - -7.57 10.61

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.

Key Facts

Key Facts

Size of Class (Millions) as of May 17, 2024 $0.2 M
Size of Fund (Millions) as of May 17, 2024 $10.4 M
Share Class launch date Dec 21, 2021
Asset Class Equity
Morningstar Category Long-Short Equity
Lipper Classification Absolute Return
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1)
CUSIP 09261A607
Distribution Frequency Annual
Max Offer Price as of May 17, 2024 $9.13
Number of Holdings (Long) -
Number of Holdings (Short) -
Open to New Investors Yes
Turnover Percent in the Annual Report 101.00%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of - -
P/E Ratio - Short as of - -
Market Cap - Long (Millions) as of - -
Market Cap - Short (Millions) as of - -
Best 3-Month Return Over the Last 3 Years 3 months ending - -
Worst 3-Month Return Over the Last 3 Years 3 months ending - -
Fund Standard Deviation (3y) as of Apr 30, 2024 0.00
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
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 -% and for Oil Sands -%.

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

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, 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

Gross Expense Ratio 7.48%
Net Expense Ratio 1.99%

Net Expense Ratio excluding Investment Related Expenses is 1.95%

  • Acquired Fund Fees and Expenses 0.04%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

as of Mar 28, 2024
Name Fund Weight (%)
CANADIAN NATIONAL RAILWAY COMPANY 5.79
BEIERSDORF AG 5.35
MASTERCARD INC 5.34
NOVO NORDISK A/S 4.96
RECRUIT HOLDINGS CO LTD 4.54
Name Fund Weight (%)
MICROSOFT CORPORATION 4.46
AMAZON.COM INC 3.86
SONY GROUP CORP 3.80
SAMSUNG ELECTRONICS CO LTD 3.76
T-MOBILE US INC 3.30
Name Weight (%) Shares Market Value
as of Mar 28, 2024
Name Fund Weight (%)
OMNICOM GROUP INC -2.12
SAGE GROUP PLC -2.06
INTERNATIONAL BUSINESS MACHINES CORP -1.99
CHARTER COMMUNICATIONS INC -1.94
TRADE DESK INC -1.91
Name Fund Weight (%)
TIMKEN COMPANY -1.77
IRON MOUNTAIN INC -1.76
EXPEDIA GROUP INC -1.73
BUNZL PLC -1.68
LAM RESEARCH CORPORATION -1.57
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 Apr 30, 2024

% of Market Value

Type Long Short Net
as of Apr 30, 2024

% of Market Value

Type Long Short Net
as of Mar 28, 2024

% of Market Value

Type Long Short Net
as of Mar 28, 2024

% 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

Gareth Williams

Managing Director, head of the Global Specialist Team within Fundamental Equities.

Portfolio Manager

Literature

Literature

Loading fund documents...
No documents found
Checkout {{ translations['submit'][selectedAction] }} {{ responseMessage }} {{ warningMessage }} You have previously requested to be opted out of all BlackRock Literature Services emails. To subscribe, you must opt back in.