Equity

BDMIX

Global Long/Short Equity Fund ACTIVE

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y Incept.
-0.60 1.48 1.31 - 3.21
Benchmark (%) 1.10 1.69 1.20 - 0.79
Morningstar Category Avg. (%) -0.59 0.53 0.85 1.05 -
Morningstar Ranking 61/107 57/101 45/74 - -
Morningstar Quartile 3 3 3 - -
Lipper Category Avg. (%) 1.84 2.37 4.20 5.00 -
Lipper Ranking 134/255 120/208 129/161 - -
Lipper Quartile 3 3 4 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.82 -3.21 -3.34 -0.60 4.49 6.70 - 27.85
Benchmark (%) 0.64 0.01 0.04 1.10 5.16 6.14 - 6.27
Morningstar Category Avg. (%) -0.80 0.04 1.04 -0.59 1.61 4.34 11.05 -
Lipper Category Avg. (%) -1.71 -1.58 3.56 1.84 8.12 24.40 68.37 -
  2015 2016 2017 2018 2019
Total Return (%) -0.98 -6.85 12.85 2.20 -0.84
Benchmark (%) 0.05 0.33 0.86 1.87 2.28
Morningstar Category Avg. (%) -0.25 2.23 2.37 -0.26 0.45
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.

Key Facts

Key Facts

Size of Class (Millions) as of Oct 23, 2020 $504.2 M
Size of Fund (Millions) as of Oct 23, 2020 $538.6 M
Share Class launch date Dec 20, 2012
Asset Class Equity
Morningstar Category Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index ICE BofA 3-MO US Treasury Bill (G0O1)
CUSIP 091936526
Distribution Frequency Annual
Max Offer Price as of Oct 23, 2020 $11.44
Number of Holdings (Long) as of Sep 30, 2020 1,307.00
Number of Holdings (Short) as of Sep 30, 2020 1,388.00
Open to New Investors Yes
Turnover Percent in the Annual Report 7%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Sep 30, 2020 13.01
P/E Ratio - Short as of Sep 30, 2020 14.19
Market Cap - Long (Millions) as of Sep 30, 2020 $ 37,159.3 M
Market Cap - Short (Millions) as of Sep 30, 2020 $ 13,667.4 M
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 6.07%
Worst 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2019 -4.21%
Fund Standard Deviation (3y) as of Sep 30, 2020 5.83
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.81%
Net Expense Ratio 1.58%

Net Expense Ratio excluding Investment Related Expenses is 1.57%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

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 Sep 30, 2020 out of 207, 12,141, 208, 115 and 208 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 23, 2020) ‡

Holdings

Holdings

as of Sep 30, 2020
Name Fund Weight (%)
VISA INC 1.65
SIKA AG 1.62
MASTERCARD INC 1.60
LOREAL SA 1.57
SKECHERS U.S.A. INC. 1.38
Name Fund Weight (%)
HORMEL FOODS CORPORATION 1.14
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 1.04
NIKE INC 1.02
WALGREENS BOOTS ALLIANCE INC 1.02
BOC HONG KONG HOLDINGS LTD 0.93
as of Sep 30, 2020
Name Fund Weight (%)
TYLER TECHNOLOGIES INC -1.02
FIFTH THIRD BANCORP -1.00
ICA GRUPPEN AB -0.90
CAPITAL POWER CORP -0.90
JERONIMO MARTINS SGPS SA -0.89
Name Fund Weight (%)
DOLLAR GENERAL CORPORATION -0.88
SWISS MKT IX DEC 20 -0.87
BNP PARIBAS SA -0.83
GENERAL MOTORS CO -0.81
STOREBRAND ASA -0.78

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Long Short Net
as of Sep 30, 2020

% of Market Value

Type Long Short Net
as of Sep 30, 2020

% of Market Value

Type Long Short Net
as of Sep 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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