BROKX

Advantage International Fund

Equity

BROKX

Advantage International Fund

How To Buy

Overview

About this Fund

  • A low cost, international equity portfolio
  • Powered by innovation and a technology driven investment process
  • Seeks long- term capital appreciation, with a focus on risk management

Investment Approach

Invests at least 80% of its assets in equity securities or other financial instruments that are components of, or have market capitalizations similar to, the securities included in the MSCI EAFE® Index.

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Performance

Performance

  2015 2016 2017 2018 2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - - -15.06 21.75
Morningstar Category Avg. (%) Foreign Large Blend -1.59 0.79 25.12 -14.59 21.59
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. Effective as of May 31, 2018, the performance information for periods prior to the inception date 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. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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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Cum. Fund Perf. Since Inception: 87.57

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

Distributions

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Ex-Date Payable Date Record Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until approximately 60 days following calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



Key Facts

Key Facts

Size of Class (Millions) as of Aug 07, 2020 $45.8 M
Size of Fund (Millions) as of Aug 07, 2020 $923.7 M
Share Class launch date Jan 25, 2018
Asset Class Equity
Morningstar Category Foreign Large Blend
Lipper Classification International Multi-Cap Core
Benchmark Index MSCI EAFE Index
CUSIP 09258N315
Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Annual
Number of Holdings as of Jul 31, 2020 586
Max Offer Price as of Aug 07, 2020 $15.45
Open to New Investors No
Turnover Percent in the Annual Report as of Jun 30, 2020 140%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio The price to book (P/B) value ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Negative book values are excluded from this calculation and holding price to book ratios over 25 are set to 25. as of Jul 31, 2020 1.56
P/E Ratio - Forward The forward price-to-earnings ratio is used to assess a company’s valuation. To compute this ratio, the latest closing price is divided by the company’s consensus mean EPS estimate for the next unreported fiscal year. The ratio represents a weighted harmonic mean of the forward price-to-earnings ratios of its holdings with negative values being excluded from the calculation. as of Jul 31, 2020 19.46
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Jul 31, 2020 $ 69,772.3 M
Alpha (3y) Compared to MSCI EAFE Index.<br/><br/>Alpha is calculated at the portfolio level.<br/><br/>A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund&#39;s alpha. as of Jul 31, 2020 0.00
R-Squared (3y) as of Jul 31, 2020 0.00
Fund Standard Deviation (3y) as of Jul 31, 2020 0.00
Beta (3y) as of Jul 31, 2020 0.00
Active Share Active Share measures the percentage of fund holdings that is different from the benchmark holdings at a point in time. It is calculated by taking the sum of the absolute value of the differences of the weight of each holding in a fund’s portfolio versus the weight of each holding in a benchmark index and dividing by two. A fund that has no holdings in common with the benchmark will have an Active Share of 100%, and a fund that has exactly the same holdings as the benchmark considered will have an Active Share of 0%. Active Share levels can vary depending on the underlying benchmark and investment universe. Funds with more concentrated benchmarks or smaller investment universes will typically have lower Active Share. Active Share is not indicative of future performance or a measure of expected return deviation from the benchmark. as of Jul 31, 2020 50.00%

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

Ratings

Holdings

Holdings

as of Jul 31, 2020
Name Weight (%)
NESTLE SA 3.40
ROCHE HOLDING AG 1.98
ASML HOLDING NV 1.47
LOREAL SA 1.32
ASTRAZENECA PLC 1.30
Name Weight (%)
KEYENCE CORP 1.25
DIAGEO PLC 1.25
TOYOTA MOTOR CORPORATION 1.23
SAP SE 1.14
PERNOD-RICARD SA 1.04

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% 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
Raffaele Savi
BlackRock Systematic Active Equity Investment Team
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Raffaele Savi, Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE). He is responsible for BlackRock's North American, European, and Developed Market Equity Strategies. He is a member of the Global Operating and Human Capital Committees.

 

Prior to moving to his current role in 2010, Mr. Savi was the investment lead for the U.S. equity team within SAE. Mr. Savi's service with the firm dates back to 2006, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009. At BGI, Mr. Savi was global head of portfolio management for active equities. Previously, he was head of investments for European active equities. Mr. Savi joined BGI from Capitalia, where he was CEO of Capitalia Investment Management and previously Chief Investment Officer of Capitalia Asset Management. His industry experience includes serving as board member and advisor to several pension funds and investment companies. He was Adjunct Professor of Quantitative Finance at the University of Rome from 2002 to 2006.

 

Mr. Savi earned a degree in electronic engineering from the University of Rome in 1997.

Kevin Franklin
Kevin Franklin
BlackRock Systematic Active Equity Investment Team

     

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Kevin Franklin, Managing Director, is a member of BlackRock's Systematic Active Equity Group. He is responsible for BlackRock's Global Equity Strategies.


Mr. Franklin rejoined the firm in 2010, building on five prior years of service with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined BlackRock after a year as head of Automated Trading at Marble Bar Asset Management in London, where he was responsible for MBAM's European systematic equity long-short product. At BGI, his previous roles include head of Portfolio Management for The 32 Capital Fund equity long-short strategy, as well as head of Market Neutral, Europe Active Equities. Prior to joining BGI, Mr. Franklin was a portfolio manager and trader at Horizon Asset Limited.

 

Mr. Franklin earned a BS degree in applied physics and history from the California Institute of Technology in 2000.

Richard Mathieson
Richard Mathieson
BlackRock Systematic Active Equity Investment Team
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Richard Mathieson, CA, Managing Director, is a member of the Systematic Active Equity (SAE) division within BlackRock's Active Equities Group. He is a Portfolio Manager responsible for global equity strategies.

 

Prior to this, Mr. Mathieson led the Investment Strategy team in EMEA for SAE. Mr. Mathieson's service with the firm dates back to 2002, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to rejoining BGI in 2008, Mr. Mathieson was an equity analyst for a specialist investment company focused on European financial stocks. Previously, he was with BGI as a senior portfolio manager, where he was responsible for managing both long-only and market-neutral strategies.

 

Mr. Mathieson qualified as a Chartered Accountant with PricewaterhouseCoopers in 2000, and holds a Bachelor of Accountancy from the University of Glasgow.

Portfolio Manager

Literature

Literature