Equity

BDMAX

GLOBAL LONG/SHORT EQUITY - CLASS A

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.
1.86 2.11 1.18 - 3.88
-3.49 0.29 0.09 - 2.95
Benchmark (%) Index: ICE BofAML 3-MO US Treasury Bill (G0O1).<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. 1.87 1.02 0.63 - 0.53
Morningstar Category Avg. (%) Market Neutral -0.33 1.22 0.59 1.51 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 54/154 43/125 43/100 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 2 2 - -
Lipper Category Avg. (%) Alt Long/Short Equity -6.06 2.87 2.47 6.34 -
Lipper Ranking Rankings are based on total return excluding sales charges. 22/319 145/236 113/153 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 3 3 - -
  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.
1.86 2.55 1.10 1.86 6.48 6.04 - 25.79
-3.49 -2.84 -4.21 -3.49 0.88 0.47 - 19.18
Benchmark (%) Index: ICE BofAML 3-MO US Treasury Bill (G0O1).<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. 1.87 0.18 0.56 1.87 3.08 3.17 - 3.25
Morningstar Category Avg. (%) Market Neutral 0.71 0.71 0.32 -0.33 3.72 2.99 16.19 -
Lipper Category Avg. (%) Alt Long/Short Equity -6.06 -5.08 -8.64 -6.06 9.17 13.61 93.55 -
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.

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 Class (Millions) as of Mar 21, 2019 $49.1 M
Size of Fund (Millions) as of Mar 21, 2019 $602.2 M
Share Class launch date Dec 20, 2012
Asset Class Alternative
Morningstar Category Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index ICE BofAML 3-MO US Treasury Bill (G0O1)
CUSIP 091936542
Max Offer Price as of Mar 21, 2019 $12.85
Number of Holdings (Long) as of Feb 28, 2019 756.00
Number of Holdings (Short) as of Feb 28, 2019 755.00
Open to New Investors Yes
Turnover Percent as of Feb 28, 2019 20%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Feb 28, 2019 14.55
P/E Ratio - Short as of Feb 28, 2019 16.48
Market Cap - Long (Millions) as of Feb 28, 2019 $ 15,427.8 M
Market Cap - Short (Millions) as of Feb 28, 2019 $ 24,862.1 M
P/B Ratio - Short as of Feb 28, 2019 1.86
P/B Ratio - Long as of Feb 28, 2019 1.80
Best 3-Month Return Over the Last 3 Years 3 months ending Apr 30, 2017 4.45%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2016 -4.93%
Fund Standard Deviation (3y) as of Feb 28, 2019 0.00
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 Jan 31, 2019 out of 232, 12,205, 233, 66 and 233 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 29, 2018) ‡

Holdings

Holdings

as of Feb 28, 2019
Name Fund Weight (%)
SWISS MKT IX MAR 19 3.79
WESTROCK CO 1.93
BB&T CORP 1.76
SNAP-ON INCORPORATED 1.74
CRANE CO 1.67
Name Fund Weight (%)
DISCOVER FINANCIAL SERVICES 1.64
INTERPUBLIC GROUP OF COMPANIES INC (THE) 1.61
LOGITECH INTERNATIONAL S.A. 1.56
PARK HOTELS & RESORTS INC 1.53
KONINKLIJKE AHOLD DELHAIZE NV 1.37
as of Feb 28, 2019
Name Fund Weight (%)
BECTON DICKINSON AND COMPANY -1.77
NEXTERA ENERGY INC -1.65
ROYAL BANK OF SCOTLAND GROUP PLC -1.63
ARCELORMITTAL -1.62
PRYSMIAN SPA -1.60
Name Fund Weight (%)
SINGAPORE TELECOMMUNICATIONS LTD -1.56
MICROCHIP TECHNOLOGY INCORPORATED -1.51
CREDIT SUISSE GROUP AG -1.49
EQUITY COMMONWEALTH -1.48
MOHAWK INDUSTRIES INC -1.47

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2019

% of Market Value

Type Long Short Net
as of Feb 28, 2019

% of Market Value

Type Long Short Net
as of Feb 28, 2019

% of Market Value

Type Long Short Net
as of Feb 28, 2019

% 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

Raffaele Savi
BlackRock Systematic Active Equity Investment Team

    

Kevin Franklin
BlackRock Systematic Active Equity Investment Team

     

Richard Mathieson
BlackRock Systematic Active Equity Investment Team

    

Portfolio Manager

Literature

Literature

 

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