Equity

BDMAX

Global Long/Short Equity Fund ACTIVE

Overview

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Performance

Performance

Performance data is not currently available
Performance data is not currently available
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 Jul 10, 2020 $23.7 M
Size of Fund (Millions) as of Jul 10, 2020 $549.1 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 Jul 10, 2020 $12.36
Number of Holdings (Long) as of Jun 30, 2020 1,079.00
Number of Holdings (Short) as of Jun 30, 2020 1,283.00
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 7%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Jun 30, 2020 0.00
P/E Ratio - Short as of Jun 30, 2020 0.00
Market Cap - Long (Millions) as of Jun 30, 2020 $ 0.0 M
Market Cap - Short (Millions) as of Jun 30, 2020 $ 0.0 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 Jun 30, 2020 5.52
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Fund Lipper Global Classification The fund peer group as defined by the Lipper Global Classification. as of - -

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 Jun 30, 2020 out of 215, 12,306, 216, 56 and 216 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 23, 2020) ‡

Holdings

Holdings

as of Jun 30, 2020
Name Fund Weight (%)
VERISIGN INC 1.87
L3HARRIS TECHNOLOGIES INC 1.87
INDUSTRIA DE DISENO TEXTIL SA 1.83
NESTLE SA 1.77
VMWARE INC 1.73
Name Fund Weight (%)
EDWARDS LIFESCIENCES CORP 1.73
WELLS FARGO & COMPANY 1.51
INTERCONTINENTAL EXCHANGE INC 1.48
BERKELEY GROUP HOLDINGS PLC 1.45
MICROSOFT CORPORATION 1.42
as of Jun 30, 2020
Name Fund Weight (%)
WHIRLPOOL CORPORATION -1.69
EVEREST RE GROUP LTD -1.65
DCC PLC -1.62
LAFARGEHOLCIM LTD -1.49
NORDEA BANK ABP -1.21
Name Fund Weight (%)
VOLVO AB -1.20
TEVA PHARMACEUTICAL INDUSTRIES LTD -1.14
LEAR CORPORATION -1.12
KROGER CO -1.07
SEVERN TRENT PLC -1.00

Exposure Breakdowns

Exposure Breakdowns

as of Jun 30, 2020

% of Market Value

Type Long Short Net
as of Jun 30, 2020

% of Market Value

Type Long Short Net
as of Jun 30, 2020

% of Market Value

Type Long Short Net
as of Jun 30, 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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