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Equity

BDMCX

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 Jan 28, 2020 $13.7 M
Size of Fund (Millions) as of Jan 28, 2020 $572.2 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 091936534
Max Offer Price as of Jan 28, 2020 $11.03
Number of Holdings (Long) as of Dec 31, 2019 1,161.00
Number of Holdings (Short) as of Dec 31, 2019 1,401.00
Open to New Investors Yes
Turnover Percent as of Dec 31, 2019 7%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Dec 31, 2019 14.81
P/E Ratio - Short as of Dec 31, 2019 18.94
Market Cap - Long (Millions) as of Dec 31, 2019 $ 37,487.0 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 4.28%
Worst 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 -4.44%
Fund Standard Deviation (3y) as of Dec 31, 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 Dec 31, 2019 out of 224, 12,253, 225, 44 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 Dec 31, 2019
Name Fund Weight (%)
CIT GROUP INC 2.12
EXPERIAN PLC 1.91
S&P GLOBAL INC 1.90
TELEDYNE TECHNOLOGIES INCORPORATED 1.89
FACEBOOK INC 1.88
Name Fund Weight (%)
ARISTOCRAT LEISURE LTD 1.83
IHS MARKIT LTD 1.71
PERNOD-RICARD SA 1.61
SALESFORCE.COM INC. 1.59
VISA INC 1.48
as of Dec 31, 2019
Name Fund Weight (%)
JBG SMITH PROPERTIES -1.84
FIRST SOLAR INC -1.79
FIRSTENERGY CORPORATION -1.65
BERKSHIRE HATHAWAY INC -1.65
ONEOK INC -1.64
Name Fund Weight (%)
UMICORE SA -1.64
MARRIOTT INTERNATIONAL INC -1.63
ANHEUSER BUSCH INBEV NV -1.62
ARCHER DANIELS MIDLAND CO -1.43
DELIVERY HERO SE -1.35

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2019

% of Market Value

Type Long Short Net
as of Dec 31, 2019

% of Market Value

Type Long Short Net
as of Dec 31, 2019

% of Market Value

Type Long Short Net
as of Dec 31, 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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