Equity

BGCKX

Global Equity Market Neutral Fund

Overview

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Performance

Performance

  1y 3y 5y 10y
26.02 11.82 7.09 4.04
Morningstar Category Avg. (%) 8.73 9.04 5.06 3.34
Morningstar Ranking 2/42 9/39 9/38 -
Morningstar Quartile 1 2 1 1
Lipper Ranking 34/180 23/163 84/152 -
Lipper Quartile 1 1 3 -
  YTD 1m 3m 1y 3y 5y 10y
18.06 1.09 1.40 26.02 39.80 40.86 48.62
Morningstar Category Avg. (%) 9.64 -0.10 0.91 8.73 27.53 26.35 36.58
  2019 2020 2021 2022 2023
Total Return (%) -0.81 0.33 3.42 1.80 14.63
Morningstar Category Avg. (%) 0.06 -5.26 6.95 5.86 5.09

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.

 

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 10, 2024
$2,606.9 M
Share Class launch date
Jan 29, 2016
Distribution Frequency
None
Lipper Classification
Alt Long/Short Equity
Max Offer Price
as of Dec 10, 2024
$13.67
Turnover Percent in the Annual Report
as of Apr 30, 2024
27%
Size of Class (Millions)
as of Dec 10, 2024
$238.7 M
Asset Class
Equity
Morningstar Category
Equity Market Neutral
CUSIP
09258N703
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Sep 30, 2024
16.37
P/E Ratio - Short
as of Sep 30, 2024
16.87
R-Squared (3y)
as of Nov 30, 2024
23.23
Market Cap - Short (Millions)
as of Sep 30, 2024
$ 40,806.7 M
Beta (3y)
as of Nov 30, 2024
4.47
Worst 3-Month Return Over the Last 3 Years
3 months ending Apr 30, 2022
-1.62%
Number of Holdings (Short)
as of Sep 30, 2024
1708
P/B Ratio
as of Nov 29, 2024
0.50
Alpha (3y)
as of Nov 30, 2024
-0.41
Market Cap - Long (Millions)
as of Sep 30, 2024
$ 85,559.4 M
Fund Standard Deviation (3y)
as of Nov 30, 2024
5.49
Best 3-Month Return Over the Last 3 Years
3 months ending Mar 31, 2024
9.56%
Number of Holdings (Long)
as of Sep 30, 2024
1636
Active Share
as of Nov 29, 2024
322.57%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.45%
Net Expense Ratio 1.30%

Net Expense Ratio excluding Investment Related Expenses is 1.29%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Equity Market Neutral Fund, as of Nov 30, 2024 rated against 41 Equity Market Neutral Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Jul 31, 2024)
Analyst-Driven % as of Jul 31, 2024
100.00
Data Coverage % as of Jul 31, 2024
100.00

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 Nov 30, 2024 out of 163, 12,235, 164, 92 and 164 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
SWISS MKT IX DEC 24 1.61
NIKKEI DIVIDEND XSIM DEC 25 0.24
FTSE 100 DIVIDEND IDX IFLL DEC 26 0.24
NIKKEI DIVIDEND XSIM DEC 26 0.23
Name Weight (%)
FTSE 100 DIVIDEND IDX IFLL DEC 25 0.23
EURO STOXX 50 DIVIDEND XEUR DEC 25 0.23
EURO STOXX 50 DIVIDEND XEUR DEC 26 0.22
AMSTERDAM INDEX DEC 24 -0.43
Name Market Value Weight (%) Shares
as of Nov 29, 2024
Issuer Weight (%)
SWISS MKT IX DEC 24 1.61
NIKKEI DIVIDEND XSIM DEC 25 0.24
FTSE 100 DIVIDEND IDX IFLL DEC 26 0.24
NIKKEI DIVIDEND XSIM DEC 26 0.23
Issuer Weight (%)
FTSE 100 DIVIDEND IDX IFLL DEC 25 0.23
EURO STOXX 50 DIVIDEND XEUR DEC 25 0.23
EURO STOXX 50 DIVIDEND XEUR DEC 26 0.22
AMSTERDAM INDEX DEC 24 -0.43
as of Nov 29, 2024
Name Fund Weight (%)
AMSTERDAM INDEX DEC 24 -0.43
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 Nov 29, 2024

% of Market Value

Type Long Short Net
as of Nov 29, 2024

% of Market Value

Type Long Short Net
as of Nov 29, 2024

% of Market Value

Type Long Short Net
as of Nov 29, 2024

% 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
Global Head of BlackRock Systematic and Co-Chief Investment Officer and Co-Head of BlackRock’s Systematic Equities
Kevin Franklin
Managing Director, Systematic Equities

     

Richard Mathieson
Managing Director, Systematic Equities
Portfolio Manager

Literature

Literature

 

Funds related to BGCKX

Funds related to BGCKX

BLSIX
Advantage Emerging Markets Fund
BGCIX
Global Long/Short Credit Fund
MALOX
Global Allocation Fund

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