Hedge Fund of Funds

XGPAX

BlackRock Hedge Fund Guided Portfolio Solution

Overview

Think beyond 60/40

BlackRock Hedge Fund Guided Portfolio Solution (“BlackRock GPS”) is a closed-end fund that offers accredited investors a mix of hedge funds through a single access point, actively managed and aligned with investment guidance from the Chief Investment Office for Merrill. 1,2

ACCESS

Seeks attractive risk-adjusted returns and low correlation, while seeking to preserve capital, through a diversified portfolio of hard-to-access3 hedge funds.

EASY TO IMPLEMENT

Get the advantages of both worlds: access to preeminent hedge funds, combined with the accessibility of 1099 tax reporting, monthly subscription, and a low $25K minimum.

BLACKROCK EDGE

Managed by a dedicated hedge fund team with 25+ years of experience, benefiting from the differentiated insights of the world’s largest asset manager4 and Aladdin®.

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Performance

Performance

Growth of Hypothetical $10,000

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Cum. Fund Perf. Since Inception: 4.20

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

This fund does not have any distributions.

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Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Income ST Cap Gains LT Cap Gains

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



  1y 3y 5y 10y Incept.
Total Return (%) 1.71 - - - 2.08
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 1.01 0.00 1.01 1.71 - - - 4.20
  2018 2019 2020 2021 2022
Total Return (%) - - - - 2.00

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.

Key Facts

Key Facts

Size of Fund (Millions) -
Share Class launch date Mar 31, 2021
Asset Class Alternative
CUSIP 09261A102
Net Expense Ratio 7.75%
Distribution Frequency Annual
Number of Holdings -
Open to New Investors Yes

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

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG information in the initial research and screening, Investment Committee and monitoring phases of the investment process. This includes thematic environmental, social and governance information sourced from primary sources, which is included in the underwriting process. The Investment Committee discloses relevant ESG reporting, where appropriate. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of portfolio exposure to material environmental, social and governance risks.

Fees data reflected above is current as of the latest annual shareholder report.

Holdings

Holdings

Sorry, top holdings are not available at this time.

Portfolio Managers

Portfolio Managers

Jeff Dunbar
Jeff Dunbar
Managing Director

Jeff Dunbar, Managing Director, is a Portfolio Manager and member of BlackRock Alternative Advisors (BAA), the firm's Hedge Fund Solutions team.

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Jeff Dunbar, Managing Director, is a Portfolio Manager and member of BlackRock Alternative Advisors (BAA), the firm's Hedge Fund Solutions team. In addition to managing specific client portfolios, he is responsible for the sourcing, performance of due diligence on and monitoring of hedge fund managers.

 

Mr. Dunbar's service with the firm dates back to 2005, including his years at Quellos Group, LLC, of which the alternative investment management business was acquired by BlackRock in 2007. At Quellos, Mr. Dunbar served as a Senior Associate responsible for hedge fund manager sourcing and due diligence along with performing on-going diligence on underlying managers. From 1999 to 2005, he was a Credit and Risk Analyst with Boullioun Aviation Services, an aviation finance subsidiary of Deutsche Bank and later WestLB.

 

Mr. Dunbar earned a BA degree in International Business from Linfield College in 1999

Albert Matriotti
Albert Matriotti
Managing Director

Albert Matriotti, Managing Director, is a member of BlackRock Alternative Advisors (BAA), the firm's Hedge Fund Solutions team.

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Albert Matriotti, Managing Director, is a member of BlackRock Alternative Advisors (BAA), the firm's Hedge Fund Solutions team. Mr. Matriotti is responsible for evaluating and communicating the causal factors that drive risk in each hedge fund and fund of funds portfolio. In addition, he is responsible for sponsoring internal system developments for a suite of proprietary systems that allow users to integrate and analyze all forms of risk transparency.

 

Mr. Matriotti's service with the firm dates back to 2002, including his years at Quellos Group, LLC, of which the alternative investment management business was acquired by BlackRock in 2007. At Quellos, he was an Associate Director focused on risk management and portfolio analytics.

 

Mr. Matriotti earned a BA degree with a concentration in finance from Seattle University in 2002.

Portfolio Manager

Literature

Literature