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Equity

BGCKX

Global Long/Short Equity Fund

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.
4.68 6.96 2.60 - 4.38
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. 2.31 1.38 0.87 - 0.68
Morningstar Category Avg. (%) Market Neutral -0.02 0.85 0.06 0.68 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 26/142 3/117 - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 1 1 - -
Lipper Ranking Rankings are based on total return excluding sales charges. 92/290 78/234 - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 2 - - -
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 Sep 16, 2019 $0.3 M
Size of Fund (Millions) as of Sep 16, 2019 $586.2 M
Share Class launch date Mar 28, 2016
Asset Class Alternative
Morningstar Category Market Neutral
Lipper Classification Alt Long/Short Equity
Benchmark Index ICE BofAML 3-MO US Treasury Bill (G0O1)
CUSIP 09258N703
Max Offer Price as of Sep 16, 2019 $12.23
Number of Holdings (Long) as of Aug 30, 2019 866.00
Number of Holdings (Short) as of Aug 30, 2019 911.00
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 20%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long as of Aug 30, 2019 13.84
P/E Ratio - Short as of Aug 30, 2019 17.35
Market Cap - Long (Millions) as of Aug 30, 2019 $ 32,874.3 M
Market Cap - Short (Millions) as of Aug 30, 2019 $ 18,225.9 M
P/B Ratio - Short as of Aug 30, 2019 1.79
P/B Ratio - Long as of Aug 30, 2019 1.58
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 Feb 28, 2018 -2.62%
Fund Standard Deviation (3y) as of Aug 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

5
Overall Morningstar Rating for Global Long/Short Equity Fund, Class K, as of Aug 31, 2019 rated against 116 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 Aug 31, 2019 out of 222, 12,229, 223, 116 and 223 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 25, 2019) ‡

Holdings

Holdings

as of Aug 30, 2019
Name Fund Weight (%)
VOLVO AB 1.56
BCE INC 1.55
SUNRISE COMMUNICATIONS GROUP AG 1.38
PARK HOTELS & RESORTS INC 1.26
LVMH MOET HENNESSY LOUIS VUITTON SE 1.22
Name Fund Weight (%)
WM MORRISON SUPERMARKETS PLC 1.19
UBE INDUSTRIES LTD/JAPAN 1.14
MORGAN STANLEY 1.08
BOUYGUES SA 1.04
TELEFONICA DEUTSCHLAND HOLDING AG 1.04
as of Aug 30, 2019
Name Fund Weight (%)
WP CAREY INC -1.86
SWISS MKT IX SEP 19 -1.85
FERROVIAL SA -1.59
NISOURCE INC -1.45
CITY DEVELOPMENTS LTD -1.36
Name Fund Weight (%)
AXIS CAPITAL HOLDINGS LTD -1.32
LONZA GROUP AG -1.22
JBG SMITH PROPERTIES -1.17
WESTERN UNION CO/THE -1.16
GCI LIBERTY INC -1.10

Exposure Breakdowns

Exposure Breakdowns

as of Aug 30, 2019

% of Market Value

Type Long Short Net
as of Aug 30, 2019

% of Market Value

Type Long Short Net
as of Aug 30, 2019

% of Market Value

Type Long Short Net
as of Aug 30, 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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