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Equity

BLSCX

Advantage Emerging Markets Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
16.24 3.80 0.84 - 0.59
15.24 3.80 0.84 - 0.59
Benchmark (%) Index: MSCI Emerging Markets Index (Net).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2019

18.42 11.57 5.61 - 5.67
Morningstar Category Avg. (%) Diversified Emerging Mkts

as of Dec 31, 2019

19.25 10.49 4.84 3.75 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

647/835 695/712 554/577 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

3 4 4 - -
Lipper Category Avg. (%) Alt Long/Short Equity

as of Dec 31, 2019

12.37 5.29 3.88 5.63 -
Lipper Ranking Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

614/793 661/677 526/552 - -
Lipper Quartile Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

4 4 4 - -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
16.24 6.85 11.35 16.24 11.83 4.26 - 4.93
15.24 5.85 10.35 15.24 11.83 4.26 - 4.93
Benchmark (%) Index: MSCI Emerging Markets Index (Net).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Dec 31, 2019

18.42 7.46 11.84 18.42 38.89 31.39 - 57.41
Morningstar Category Avg. (%) Diversified Emerging Mkts

as of Dec 31, 2019

19.25 6.41 10.33 19.25 34.88 26.65 44.45 -
Lipper Category Avg. (%) Alt Long/Short Equity

as of Dec 31, 2019

12.37 1.31 3.87 12.37 17.24 21.82 79.20 -
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 June 12, 2017 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Emerging Markets Long/Short Equity Fund.”

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Fund (Millions) $117.5 M
Share Class launch date Oct 06, 2011
Size of Class (Millions) $1.9 M
Asset Class Equity
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index (Net)
Number of Holdings as of Dec 31, 2019 331
CUSIP 091936716
Max Offer Price as of Jan 23, 2020 $10.38
Open to New Investors Yes
Turnover Percent 128%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Dec 31, 2019 $ 113,070.9 M
R-Squared (3y) as of Dec 31, 2019 89.84
Beta (3y) as of Dec 31, 2019 0.93
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2018 13.59%
Worst 3-Month Return Over the Last 3 Years 3 months ending Oct 31, 2018 -11.86%
Fund Standard Deviation (3y) as of Dec 31, 2019 14.09

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

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 Dec 31, 2019 out of 677, 12,253, 677, 99 and 677 Funds, respectively in Lipper's Emerging Markets Funds classification.

Holdings

Holdings

as of Dec 31, 2019
Name Weight (%)
ALIBABA GROUP HOLDING LTD 5.84
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 5.07
TENCENT HOLDINGS LTD 4.73
SAMSUNG ELECTRONICS CO LTD 2.56
NK LUKOIL PAO 1.96
Name Weight (%)
BANCO BRADESCO SA 1.95
CHINA LIFE INSURANCE CO LTD 1.79
INFOSYS LTD 1.59
JD.COM INC 1.56
POSCO 1.38

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2019

% 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

Jeff Shen
BlackRock Systematic Active Equity Investment Team

   

Richard Mathieson
BlackRock Systematic Active Equity Investment Team

    

David Piazza
BlackRock Systematic Active Equity Investment Team

  

Gerardo Rodriguez
BlackRock Systematic Active Equity Investment Team

    

Portfolio Manager

Literature

Literature

 

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