Equity

BILPX

Event Driven Equity Fund

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
5.35 2.42 3.83 4.58
Benchmark (%) 5.24 2.59 2.02 1.38
Morningstar Category Avg. (%) 5.20 1.11 3.89 2.94
Morningstar Ranking 24/45 13/44 14/41 3/32
Morningstar Quartile 3 2 2 1
Lipper Category Avg. (%) 33.01 12.33 15.68 12.16
Lipper Ranking 24/48 14/44 17/41 3/29
Lipper Quartile 2 2 2 1
  YTD 1m 3m 1y 3y 5y 10y
0.70 0.40 0.70 5.35 7.42 20.66 56.47
Benchmark (%) 1.29 0.45 1.29 5.24 7.96 10.53 14.70
Morningstar Category Avg. (%) 0.73 1.06 0.73 5.20 3.38 21.04 33.60
Lipper Category Avg. (%) 12.91 3.97 12.91 33.01 42.08 108.09 217.43
  2019 2020 2021 2022 2023
Total Return (%) 7.29 6.31 1.94 0.01 5.37
Benchmark (%) 2.28 0.67 0.05 1.47 5.02
Morningstar Category Avg. (%) 7.68 6.69 4.14 -1.75 5.38

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 Fund's returns prior to May 8, 2015 are the returns of the Fund when it followed different investment strategies under the name "BlackRock Large Cap Core Plus Fund," which focused on establishing long and short positions in a diversified portfolio of equity securities issued primarily by large cap companies located in the United States. 

 

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill.

Key Facts

Key Facts

Size of Class (Millions)
as of Jun 11, 2024
$4,990.9 M
Share Class launch date
Dec 19, 2007
Morningstar Category
Event Driven
Benchmark Index
ICE BofA 3 Month Treasury Bill Index (G0O1)
Distribution Frequency
Annual
Open to New Investors
Yes
Size of Fund (Millions)
as of Jun 11, 2024
$5,129.3 M
Asset Class
Alternative
Lipper Classification
Alt Event Driven Funds
CUSIP
09250J734
Max Offer Price
as of Jun 11, 2024
$10.01
Turnover Percent in the Annual Report
33%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
4.52%
Worst 3-Month Return Over the Last 3 Years
3 months ending May 31, 2023
-2.56%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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 evaluates the fundamental and strategic aspects of securities in which the Fund may invest. This may include a detailed, comprehensive review and analysis of all aspects of the company, including ESG policies, when evaluating opportunities. The Fund manager's deep due diligence informs a holistic perspective on a given issuer and may impact the investment decision. Additionally, on a regular basis the Fund manager conducts portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors, where appropriate.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.34%
Net Expense Ratio 1.27%

Net Expense Ratio excluding Investment Related Expenses is 1.13%

  • Acquired Fund Fees and Expenses 0.14%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Event Driven Equity Fund, Class Inst, as of May 31, 2024 rated against 44 Event Driven Funds based on risk adjusted total return.

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 May 31, 2024 out of 44, 4,488, 44, 24 and 44 Funds, respectively in Lipper's Alt Event Driven Funds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Apr 30, 2024)

Holdings

Holdings

Name Weight (%) Shares Market Value
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 May 31, 2024

% of Market Value

Type Long Short Net
as of May 31, 2024

% of Market Value

Type Long Short Net
as of May 31, 2024

% of Market Value

Type Long Short Net
as of May 31, 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

Mark McKenna
Managing Director

Mark R. McKenna, Managing Director, is Founder and Global Head of Event Driven. Mr. McKenna is responsible for managing BlackRock's event-driven investing efforts.

Portfolio Manager

Literature

Literature

 

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