Equity

BDVEX

BlackRock Diversified Equity Alpha Fund

  • NAV as of Jun 05, 2026 $14.97
    52 WK: 12.80 - 15.55
  • 1 Day NAV Change as of Jun 05, 2026 $-0.53 (-3.42%)
  • NAV Total Return as of Jun 04, 2026 YTD: 12.48%

Overview

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Performance

Performance

Distributions

This fund does not have any distributions.
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Past distributions are not indicative of future distributions.

Certain Funds record and have an ex-dividend date daily on undistributed net investment income, with distributions paid monthly.

Click here for historical distribution data and here for upcoming distribution estimates

  1y 3y 5y 10y
Total Return (%) 18.19 18.61 11.58 14.21
Benchmark (%) 17.74 - - -
Morningstar Category Avg. (%) 15.66 16.19 10.29 12.77
Morningstar Ranking 329/1312 - - -
Morningstar Quartile 2 - - -
Lipper Ranking 181/562 - - -
Lipper Quartile 2 - - -
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -3.48 -4.32 -3.48 18.19 66.86 72.94 277.71
Benchmark (%) -4.18 -4.97 -4.18 17.74 - - -
Morningstar Category Avg. (%) -3.86 -5.28 -3.86 15.66 56.86 63.17 232.49
  2021 2022 2023 2024 2025
Total Return (%) - - - 25.37 17.29
Benchmark (%) - - - 24.51 17.37
Morningstar Category Avg. (%) - - - 21.45 15.54
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.

For periods prior to September 19, 2023, the chart and table are based on the performance of the Master Portfolio in which the Fund invests all of its assets, adjusted to reflect the estimated annual fund fees and operating expenses of the Institutional Shares of the Fund.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Jun 05, 2026
$1,277.8 M
Share Class launch date
Sep 19, 2023
Benchmark Index
Russell 1000 Index
Lipper Classification
Multi-Cap Core Funds
Max Offer Price
as of Jun 05, 2026
$14.97
Turnover Percent in the Annual Report
as of Dec 31, 2025
123%
Size of Class (Millions)
as of Jun 05, 2026
$1,277.8 M
Asset Class
Equity
Morningstar Category
Large Blend
CUSIP
09260W576
Open to New Investors
No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of -
-
P/E Ratio - Forward
as of -
-
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of -
-
Active Share
as of -
-
P/B Ratio
as of -
-
Alpha (3y)
as of -
-
R-Squared (3y)
as of -
-
Beta (3y)
-
For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.50%
Net Expense Ratio 0.40%

Net Expense Ratio excluding Investment Related Expenses is 0.39%

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - GOLD
Morningstar has awarded the Fund a Gold medal, its highest level of conviction. (Effective Apr 30, 2026)
Analyst-Driven % as of Apr 30, 2026
10.00
Data Coverage % as of Apr 30, 2026
76.00

Holdings

Holdings

Sorry, top holdings are not available at this time.
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
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 Apr 30, 2026

% of Market Value

Type Fund Benchmark Net
Sorry, market cap data is not available at this time.
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

Philip Green
Philip Green
Head of Global Tactical Asset Allocation Team, Multi-Asset Strategies and Solutions

  

Read More

Phil Green, Managing Director, is the head of the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Phil’s service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM, Phil was a portfolio manager at Bankers Trust Company.

Phil earned an MBA from the Stern School of Business of New York University and a BS in economics from the Wharton School of the University of Pennsylvania.

 

Phil is the author of many articles on investing, some of which have been published in the Financial Analysts Journal, Journal of Foreign Exchange & Money Markets, and the Journal of Investing.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Michael Pensky, CFA
Michael Pensky, CFA
Portfolio Manager, Global Tactical Asset Allocation Team

   

Read More

Michael Pensky, CFA, Managing Director, is a portfolio manager on the Global Tactical Asset Allocation team within BlackRock's Multi-Asset Strategies & Solutions (MASS) group. The GTAA team manages multi-asset macro investment strategies including the Tactical Opportunities Fund and Sustainable Balanced Fund and custom mandates for institutional clients around the world.

 

Michael’s service with the firm dates back to 2012. Prior to joining BlackRock, he was a trading desk strategist in Morgan Stanley's Securitized Products Group and worked as a senior analyst in Foreign Exchange Sales & Trading at SunTrust Robinson Humphrey.

 

Michael earned BS degrees in mathematics and finance from the University of Florida and an MFE degree in financial engineering from the University of California, Berkeley.

 

Michael’s interests include top-down macro investing and multi-asset portfolio design & management. Outside of work, he enjoys playing musical instruments and running.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Dan Felder
Dan Felder
Director, Global Tactical Asset Allocation Team

   

Read More

Dan Felder, Director, is a portfolio manager in BlackRock's Multi-Asset Strategies & Solutions (MASS) group where he focuses on investment research for the Global Tactical Asset Allocation (GTAA) team. His responsibilities encompass asset allocation, manager selection, and portfolio construction. The team manages client portfolios with custom objectives where investment views are expressed through benchmark relative, total return, and absolute return products.

Prior to joining the team in 2015, Mr. Felder was an analyst within BlackRock Solution's Portfolio Analytics Group, where he focused on Aladdin implementations and led strategic initiatives to improve BlackRock's analytical capabilities.

Mr. Felder earned an MBA from the New York University Stern School of Business in 2018 and a BS in computer engineering from Brown University in 2011.

Portfolio Manager

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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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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USR-9694