Equity

BALSX

U.S. Insights Long/Short Equity Fund ACTIVE

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 Incept.
19.83 - - - 22.39
13.54 - - - 16.24
Benchmark (%) 14.89 - - - 15.36
Morningstar Category Avg. (%) 13.24 - - - -
Morningstar Ranking 28/165 - - - -
Morningstar Quartile 1 - - - -
Lipper Ranking 34/190 - - - -
Lipper Quartile 1 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
9.36 1.80 1.34 19.83 - - - 23.55
3.62 -3.55 -3.98 13.54 - - - 17.06
Benchmark (%) 8.89 2.00 2.86 14.89 - - - 16.14
Morningstar Category Avg. (%) 7.87 0.48 0.60 13.24 - - - -
  2019 2020 2021 2022 2023
Total Return (%) - - - - -
Annual w/ Sales Charge (%) - - - - -
Benchmark (%) - - - - -
Morningstar Category Avg. (%) - - - - -

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)
$0.4 M
Share Class launch date
Jun 13, 2023
Morningstar Category
Long-Short Equity
Benchmark Index
50/50 S&P500 and ICE BofA 3 Month Treasury Bill Index
Distribution Frequency
Annual
Max Offer Price
$10.53
Number of Holdings (Short)
50.00
Size of Fund (Millions)
$12.5 M
Asset Class
Equity
Lipper Classification
Alt Long/Short Equity
CUSIP
09260J559
Number of Holdings
106
Number of Holdings (Long)
56.00
Open to New Investors
No

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
0.00
Market Cap - Long (Millions)
$ 0.0 M
Best 3-Month Return Over the Last 3 Years
-
Fund Standard Deviation (3y)
-
P/E Ratio - Short
14.54
Market Cap - Short (Millions)
$ 113,129.2 M
Worst 3-Month Return Over the Last 3 Years
-
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.

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

as of current prospectus
Gross Expense Ratio 5.51%
Net Expense Ratio 1.86%

Net Expense Ratio excluding Investment Related Expenses is 1.86%

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

Ratings

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
COMCAST CORPORATION 7.58
AMAZON.COM INC 7.33
CMS ENERGY CORPORATION 7.18
FOX CORP 7.16
INTERCONTINENTAL EXCHANGE INC 7.13
Name Weight (%)
MICROSOFT CORPORATION 7.13
MONDELEZ INTERNATIONAL INC 7.12
THERMO FISHER SCIENTIFIC INC 6.86
TC ENERGY CORP 6.85
CARDINAL HEALTH INC 6.40
Missing Issuers data
Missing Issuers data
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 Jun 28, 2024

% of Market Value

Type Long Short Net
as of Jun 28, 2024

% of Market Value

Type Long Short Net
as of Jun 28, 2024

% of Market Value

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

William Su
William Su
Caroline Bottinelli
Managing Director

  

Travis Cooke
Managing Director, Systematic Equities
Linus Franngard
BlackRock Systematic Active Equity Investment Team

  

Simon McGeough
Simon McGeough
Portfolio Manager

Literature

Literature

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