Equity

BDMAX

Global Long/Short Equity Fund ACTIVE

Overview

Loading

Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart
  1y 3y 5y 10y Incept.
1.04 0.56 3.17 - 2.72
-4.26 -1.23 2.06 - 2.09
Benchmark (%) 0.07 1.18 1.16 - 0.70
Morningstar Category Avg. (%) 2.57 -0.62 0.05 -0.22 -
Morningstar Ranking 22/39 16/39 15/37 - -
Morningstar Quartile 3 2 2 - -
Lipper Category Avg. (%) 16.30 5.43 6.23 6.43 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
1.67 -1.31 -2.98 1.04 1.70 16.88 - 26.53
-3.67 -6.49 -8.08 -4.26 -3.64 10.74 - 19.89
Benchmark (%) 0.04 0.01 0.02 0.07 3.59 5.92 - 6.35
Morningstar Category Avg. (%) 3.35 0.25 0.02 2.57 -1.84 0.24 -2.19 -
Lipper Category Avg. (%) 8.34 -2.53 -0.86 16.30 18.18 37.68 98.77 -
  2016 2017 2018 2019 2020
Total Return (%) -7.14 12.57 1.86 -1.01 -0.05
Benchmark (%) 0.33 0.86 1.87 2.28 0.67
Morningstar Category Avg. (%) 0.90 3.40 -0.26 0.06 -5.26
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.

 

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 Dec 03, 2021 $23.4 M
Size of Fund (Millions) as of Dec 03, 2021 $565.0 M
Share Class launch date Dec 20, 2012
Asset Class Equity
Morningstar Category Equity Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index ICE BofA 3 Month Treasury Bill Index (G0O1) (4PM)
CUSIP 091936542
Distribution Frequency Annual
Max Offer Price as of Dec 03, 2021 $12.05
Number of Holdings (Long) as of Oct 29, 2021 1,240.00
Number of Holdings (Short) as of Oct 29, 2021 1,308.00
Open to New Investors Yes
Turnover Percent in the Annual Report 43%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Oct 29, 2021 20.84
P/E Ratio - Short as of Oct 29, 2021 16.47
Market Cap - Long (Millions) as of Oct 29, 2021 $ 46,512.0 M
Market Cap - Short (Millions) as of Oct 29, 2021 $ 32,783.2 M
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 6.06%
Worst 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 -4.26%
Fund Standard Deviation (3y) as of Feb 28, 2021 5.90
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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. 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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.82%
Net Expense Ratio 1.59%

Net Expense Ratio excluding Investment Related Expenses is 1.59%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Long/Short Equity Fund, Class A, as of Nov 30, 2021 rated against 39 Equity Market Neutral 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 Oct 31, 2021 out of 198, 12,284, 199, 50 and 199 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 17, 2021)

Holdings

Holdings

as of Oct 29, 2021
Name Fund Weight (%)
MCKESSON CORP 1.41
WALMART INC 1.39
MARSH & MCLENNAN COMPANIES INC 1.39
APPLE INC 1.38
WHEATON PRECIOUS METALS CORP 1.38
Name Fund Weight (%)
LOCKHEED MARTIN CORPORATION 1.35
AIRBUS SE 1.35
OTIS WORLDWIDE CORP 1.35
HONDA MOTOR CO LTD 1.30
COLGATE-PALMOLIVE CO 1.29
as of Oct 29, 2021
Name Fund Weight (%)
NIKE INC -1.46
SWISS MKT IX DEC 21 -1.42
VERIZON COMMUNICATIONS INC -1.40
BROADCOM INC -1.40
CORNING INC -1.38
Name Fund Weight (%)
DEUTSCHE TELEKOM AG -1.36
GENERAL MOTORS CO -1.33
HERSHEY COMPANY THE -1.28
TOYOTA MOTOR CORPORATION -1.26
FIFTH THIRD BANCORP -1.25

Exposure Breakdowns

Exposure Breakdowns

as of Oct 29, 2021

% of Market Value

Type Long Short Net
as of Oct 29, 2021

% of Market Value

Type Long Short Net
as of Oct 29, 2021

% of Market Value

Type Long Short Net
as of Oct 29, 2021

% 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

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio