Equity

BGCKX

Global Equity Market Neutral Fund

Overview

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Performance

Performance

  1y 3y 5y 10y
18.39 18.22 10.91 6.02
Morningstar Category Avg. (%) 4.52 8.73 7.14 3.61
Morningstar Ranking 4/41 4/35 8/32 -
Morningstar Quartile 1 1 2 1
Lipper Ranking 10/165 21/150 45/136 -
Lipper Quartile 1 1 2 -
  YTD 1m 3m 1y 3y 5y 10y
15.01 3.78 6.15 18.39 65.23 67.80 79.49
Morningstar Category Avg. (%) 4.86 1.05 0.72 4.52 28.55 41.19 42.58
  2020 2021 2022 2023 2024
Total Return (%) 0.33 3.42 1.80 14.63 21.54
Morningstar Category Avg. (%) -5.26 6.95 5.86 5.09 8.55

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 historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 03, 2025
$7,688.8 M
Share Class launch date
Jan 29, 2016
Morningstar Category
Equity Market Neutral
CUSIP
09258N703
Open to New Investors
Yes
Size of Class (Millions)
as of Dec 03, 2025
$976.7 M
Asset Class
Equity
Lipper Classification
Alt Long/Short Equity
Max Offer Price
as of Dec 03, 2025
$14.84
Turnover Percent in the Annual Report
as of Apr 30, 2025
44%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Jun 30, 2025
16.67
P/E Ratio - Short
as of Jun 30, 2025
17.04
R-Squared (3y)
as of Nov 30, 2025
3.38
Market Cap - Short (Millions)
as of Jun 30, 2025
$ 35,671.6 M
Beta (3y)
as of Nov 30, 2025
5.45
Worst 3-Month Return Over the Last 3 Years
3 months ending May 31, 2023
-0.33%
Number of Holdings (Short)
as of Jun 30, 2025
1806
P/B Ratio
as of Oct 31, 2025
7.70
Alpha (3y)
as of Nov 30, 2025
-0.79
Market Cap - Long (Millions)
as of Jun 30, 2025
$ 37,999.0 M
Fund Standard Deviation (3y)
as of Nov 30, 2025
5.68
Best 3-Month Return Over the Last 3 Years
3 months ending Mar 31, 2024
9.56%
Number of Holdings (Long)
as of Jun 30, 2025
1764
Active Share
as of Oct 31, 2025
264.35%
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 1.31%
Net Expense Ratio 1.29%

Net Expense Ratio excluding Investment Related Expenses is 1.29%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Equity Market Neutral Fund, as of Nov 30, 2025 rated against 33 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 23, 2025)
Analyst-Driven % as of Jul 23, 2025
100.00
Data Coverage % as of Jul 23, 2025
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 Sep 30, 2025 out of 150, 12,058, 150, 69 and 150 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Holdings

Holdings

as of Oct 31, 2025
Name Weight (%)
SWISS MKT IX DEC 25 1.57
Goldman Sachs Most Short Rolling 1.13
EURO STOXX 50 DIVIDEND XEUR DEC 27 0.31
EURO STOXX 50 DIVIDEND XEUR DEC 26 0.31
NIKKEI DIVIDEND XSIM DEC 26 0.31
Name Weight (%)
FTSE 100 DIVIDEND IDX IFLL DEC 26 0.31
FTSE 100 DIVIDEND IDX IFLL DEC 27 0.31
NIKKEI DIVIDEND XSIM DEC 25 0.31
AMSTERDAM INDEX NOV 25 -0.93
Name Market Value Weight (%) Shares
as of Oct 31, 2025
Issuer Weight (%)
SWISS MKT IX DEC 25 1.57
Goldman Sachs Most Short Rolling 1.13
EURO STOXX 50 DIVIDEND XEUR DEC 27 0.31
EURO STOXX 50 DIVIDEND XEUR DEC 26 0.31
NIKKEI DIVIDEND XSIM DEC 26 0.31
Issuer Weight (%)
FTSE 100 DIVIDEND IDX IFLL DEC 26 0.31
FTSE 100 DIVIDEND IDX IFLL DEC 27 0.31
NIKKEI DIVIDEND XSIM DEC 25 0.31
AMSTERDAM INDEX NOV 25 -0.93
as of Oct 31, 2025
Name Fund Weight (%)
AMSTERDAM INDEX NOV 25 -0.93
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 Oct 31, 2025

% of Market Value

Type Long Short Net
as of Oct 31, 2025

% of Market Value

Type Long Short Net
as of Oct 31, 2025

% of Market Value

Type Long Short Net
as of Oct 31, 2025

% 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

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.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature

 

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