Equity

BDSKX

Advantage Small Cap Core Fund

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
20.79 0.75 9.27 8.57
Benchmark (%) 19.71 -0.10 8.10 7.58
Morningstar Category Avg. (%) 18.93 3.43 9.33 7.66
Morningstar Ranking 223/610 484/584 279/552 -
Morningstar Quartile 2 4 3 1
Lipper Ranking 384/1007 828/969 497/905 -
Lipper Quartile 2 4 3 -
  YTD 1m 3m 1y 3y 5y 10y
6.58 4.37 6.58 20.79 2.26 55.77 127.52
Benchmark (%) 5.18 3.58 5.18 19.71 -0.31 47.65 107.61
Morningstar Category Avg. (%) 5.66 3.84 5.66 18.93 10.65 56.23 109.29
  2019 2020 2021 2022 2023
Total Return (%) 32.26 19.60 14.72 -19.76 16.49
Benchmark (%) 25.52 19.96 14.82 -20.44 16.93
Morningstar Category Avg. (%) 23.75 10.99 24.19 -16.24 16.18

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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.

The performance information for periods prior to March 28, 2016, the commencement of operations of the share class, shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. See the Fund’s prospectus for more details.

Key Facts

Key Facts

Size of Class (Millions)
as of Jun 20, 2024
$1,060.9 M
Share Class launch date
Mar 28, 2016
Morningstar Category
Small Blend
Benchmark Index
Russell 2000 Index (Gross Total Return) (USD)
Distribution Frequency
Annual
Max Offer Price
as of Jun 20, 2024
$16.81
Turnover Percent in the Annual Report
93%
Size of Fund (Millions)
as of Jun 20, 2024
$3,393.1 M
Asset Class
Equity
Lipper Classification
Small-Cap Core Funds
CUSIP
09258N802
Number of Holdings
as of May 31, 2024
778
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio
as of May 31, 2024
15.45
Average Market Cap (Millions)
as of May 31, 2024
$ 4,996.3 M
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-17.07%
Active Share
as of May 31, 2024
61.51%
P/B Ratio
as of May 31, 2024
1.74
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
19.45%
Fund Standard Deviation (3y)
as of May 31, 2024
21.65

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of May 19, 2024
BBB
MSCI ESG Quality Score (0-10)
as of May 19, 2024
5.4
Fund Lipper Global Classification
as of May 19, 2024
Equity US Sm&Mid Cap
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of May 19, 2024
86.80
MSCI ESG % Coverage
as of May 19, 2024
95.25%
MSCI ESG Quality Score - Peer Percentile
as of May 19, 2024
17.15%
Funds in Peer Group
as of May 19, 2024
1,458
MSCI Weighted Average Carbon Intensity % Coverage
as of May 19, 2024
95.20%
All data is from MSCI ESG Fund Ratings as of May 19, 2024, based on holdings as of Nov 30, 2023. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of -
-
MSCI - Nuclear Weapons
as of -
-
MSCI - Civilian Firearms
as of -
-
MSCI - Tobacco
as of -
-
MSCI - UN Global Compact Violators
as of -
-
MSCI - Thermal Coal
as of -
-
MSCI - Oil Sands
as of -
-

Business Involvement Coverage
as of -
-
Percentage of Fund not covered
as of -
-
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform 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, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.51%
Net Expense Ratio 0.45%

Net Expense Ratio excluding Investment Related Expenses is 0.45%

  • Acquired Fund Fees and Expenses 0.00%
  • 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 May 31, 2024 out of 958, 12,354, 958, 583 and 957 Funds, respectively in Lipper's Small-Cap Core Funds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Apr 30, 2024)

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
SUPER MICRO COMPUTER INC 1.38
BOISE CASCADE CO 1.06
FLOWSERVE CORPORATION 0.98
SM ENERGY CO 0.79
PLAINS GP HOLDINGS LP 0.79
Name Weight (%)
MURPHY OIL CORPORATION 0.78
EMCOR GROUP INC 0.71
REINSURANCE GROUP OF AMERICA INCORPORATED 0.71
SANMINA CORP 0.71
LAUREATE EDUCATION INC 0.71
Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% of Market Value

Type Fund Benchmark 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
Global Head of BlackRock Systematic and Co-Chief Investment Officer and Co-Head of BlackRock’s Systematic Equities
Travis Cooke
Managing Director, Systematic Equities
Richard Mathieson
Managing Director, Systematic Equities
Portfolio Manager

Literature

Literature

 

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