Equity

BDMIX

GLOBAL LONG/SHORT EQUITY - INSTL CL

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
3.38 4.17 2.03 - 4.08
Benchmark (%) Index: ICE BofAML 3-MO US Treasury Bill (G0O1).<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 2.12 1.19 0.74 - 0.61
Morningstar Category Avg. (%) Market Neutral -0.19 0.71 0.22 1.48 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 31/154 19/130 25/100 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 1 2 - -
Lipper Category Avg. (%) Alt Long/Short Equity 0.85 4.92 3.48 7.67 -
Lipper Ranking Rankings are based on total return excluding sales charges. 118/318 145/238 116/157 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 3 3 - -
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 Apr 22, 2019 $541.4 M
Size of Fund (Millions) as of Apr 22, 2019 $608.0 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 091936526
Max Offer Price as of Apr 22, 2019 $12.31
Number of Holdings (Long) as of Mar 29, 2019 723.00
Number of Holdings (Short) as of Mar 29, 2019 799.00
Open to New Investors Yes
Turnover Percent as of Mar 31, 2019 20%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Mar 29, 2019 13.95
P/E Ratio - Short as of Mar 29, 2019 15.57
Market Cap - Long (Millions) as of Mar 29, 2019 $ 16,496.4 M
Market Cap - Short (Millions) as of Mar 29, 2019 $ 33,102.6 M
P/B Ratio - Short as of Mar 29, 2019 1.80
P/B Ratio - Long as of Mar 29, 2019 1.75
Best 3-Month Return Over the Last 3 Years 3 months ending Apr 30, 2017 4.60%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2016 -4.90%
Fund Standard Deviation (3y) as of Mar 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

Morningstar Rating

4
Overall Morningstar Rating for Global Long/Short Equity Fund, Class I, as of Mar 31, 2019 rated against 130 Market Neutral Funds.

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 Mar 31, 2019 out of 237, 12,250, 238, 123 and 238 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 29, 2018) ‡

Holdings

Holdings

as of Mar 29, 2019
Name Fund Weight (%)
SWISS MKT IX JUN 19 4.16
WESTROCK CO 2.04
BB&T CORP 1.87
CRANE CO 1.82
LOGITECH INTERNATIONAL S.A. 1.79
Name Fund Weight (%)
SNAP-ON INCORPORATED 1.62
PARK HOTELS & RESORTS INC 1.57
INSPERITY INC 1.51
INTERPUBLIC GROUP OF COMPANIES INC (THE) 1.50
KIRIN HOLDINGS CO LTD 1.44
as of Mar 29, 2019
Name Fund Weight (%)
BOX INC 0.00
TARGET CORPORATION 0.00
OKUMA CORPORATION 0.00
GULFPORT ENERGY CORPORATION 0.00
EDWARDS LIFESCIENCES CORP 0.00
Name Fund Weight (%)
ALTICE USA INC 0.00
MAGNOLIA OIL & GAS CORP 0.00
KB HOME 0.00
PARKLAND FUEL CORP 0.00
DAVE & BUSTERS ENTERTAINMENT INC 0.00

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Long Short Net
as of Mar 29, 2019

% of Market Value

Type Long Short Net
as of Mar 29, 2019

% of Market Value

Type Long Short Net
as of Mar 29, 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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