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Equity

BDMAX

Global Long/Short Equity Fund

Overview

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Performance

Performance

  • Returns

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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 Feb 20, 2020 $26.9 M
Size of Fund (Millions) as of Feb 20, 2020 $579.5 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 Feb 20, 2020 $12.02
Number of Holdings (Long) as of Jan 31, 2020 1,136.00
Number of Holdings (Short) as of Dec 31, 2019 1,401.00
Open to New Investors Yes
Turnover Percent as of Jan 31, 2020 7%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Jan 31, 2020 14.29
P/E Ratio - Short as of Dec 31, 2019 18.94
Market Cap - Long (Millions) as of Jan 31, 2020 $ 45,484.5 M
Market Cap - Short (Millions) as of Dec 31, 2019 $ 30,576.2 M
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 Aug 31, 2019 -4.26%
Fund Standard Deviation (3y) as of Jan 31, 2020 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 Dec 31, 2019 out of 224, 12,253, 225, 59 and 225 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 25, 2019) ‡

Holdings

Holdings

as of Jan 31, 2020
Name Fund Weight (%)
S&P GLOBAL INC 1.88
MICROSOFT CORPORATION 1.81
SHOPIFY INC 1.80
VISA INC 1.78
ARISTOCRAT LEISURE LTD 1.73
Name Fund Weight (%)
PERNOD-RICARD SA 1.73
TAKEDA PHARMACEUTICAL CO LTD 1.61
EDWARDS LIFESCIENCES CORP 1.53
PACWEST BANCORP 1.52
CIT GROUP INC 1.52
as of Jan 31, 2020
Name Fund Weight (%)
WEX INC -1.66
FOX CORP -1.63
FIRST SOLAR INC -1.59
GOLDMAN SACHS GROUP INC/THE -1.58
FIRSTENERGY CORPORATION -1.58
Name Fund Weight (%)
CORTEVA INC -1.57
SONY CORPORATION -1.52
JBG SMITH PROPERTIES -1.46
PORSCHE AUTOMOBIL HOLDING SE -1.46
UMICORE SA -1.33

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2020

% of Market Value

Type Long Short Net
as of Jan 31, 2020

% of Market Value

Type Long Short Net
as of Jan 31, 2020

% of Market Value

Type Long Short Net
as of Jan 31, 2020

% 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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