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BDMAX BlackRock Global Long/Short Equity Inv A

  • Fund
  • BDMAX
  • Price as of: Dec 02, 2016
  • $10.73
  • + $0.04
  • + 0.37%
  • Category
  • Long-Short

BDMAX - Profile

Vitals

  • YTD Return -6.5%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $829 M
  • Holdings in Top 10 18.4%

52 WEEK LOW AND HIGH

$10.73
$10.36
$11.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.95%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

Long-Short
  • Fund Type Open End Mutual Fund
  • Investment Style Market Neutral

Distributions

  • YTD Total Return -6.5%
  • 3 Yr Annualized Total Return -3.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.61%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name BlackRock Global Long/Short Equity Fund
  • Fund Family Name BlackRock
  • Inception Date Dec 20, 2012
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin Franklin

BDMAX - Performance

Return Ranking - Trailing

Period BDMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -6.5% -38.1% 22.5% 80.47% 5
1 Yr -7.9% -34.0% 24.0% 87.35% 5
3 Yr -1.7% * -16.3% 15.8% 83.63% 5
5 Yr N/A * -9.0% 13.3% N/A N/A
10 Yr N/A * -4.6% 10.5% N/A N/A

* Annualized


Return Ranking - Calendar

Period BDMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.7% -27.2% 16.2% 36.59% 3
2014 0.7% -24.3% 22.9% 45.83% 3
2013 17.1% -21.1% 38.6% 24.32% 2
2012 N/A -25.6% 26.0% N/A N/A
2011 N/A -44.2% 8.2% N/A N/A

Total Return Ranking - Trailing

Period BDMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -6.5% -38.1% 22.5% 81.55% 5
1 Yr -12.8% -34.0% 19.0% 93.24% 5
3 Yr -3.4% * -17.3% 15.8% 89.38% 5
5 Yr N/A * -9.0% 13.3% N/A N/A
10 Yr N/A * -4.6% 10.5% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BDMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.2% -27.2% 24.4% 39.31% 3
2014 0.8% -15.0% 28.3% 69.17% 4
2013 19.2% -16.6% 44.5% 34.59% 2
2012 N/A -26.4% 27.7% N/A N/A
2011 N/A -39.0% 10.2% N/A N/A

NAV & Total Return History

BDMAX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

BDMAX Category Low Category High BDMAX % Rank Quintile
Net Assets 829 M 101 K 8.1 B 3.76% 1
Number of Holdings 1546 2 1969 0.58% 1
Net Assets in Top 10 125 M -290 M 1.7 B 4.36% 1
Weighting of Top 10 18.4% 0.0% 148.1% 33.72% 5

Top 10 Holdings

  1. Mediaset Espana Comunicacion SA 1.78%
  2. CLP Holdings Ltd ADR 1.74%
  3. McCormick & Co Inc Non-Voting 2.16%
  4. Texas Instruments Inc 1.67%
  5. Canadian Imperial Bank of Commerce 1.72%
  6. Lowe's Companies Inc 2.17%
  7. Cardinal Health Inc 1.90%
  8. M&T Bank Corp 1.80%
  9. Peugeot SA 1.76%
  10. Lonza Group Ltd 1.72%

Asset Allocation

Weighting Category Low Category High BDMAX % Rank Quintile
Cash
88.59% -24.32% 206.68% 2.62% 1
Stocks
11.78% -106.68% 114.14% 34.68% 5
Preferred Stocks
0.00% -0.10% 10.76% 4.36% 5
Convertible Bonds
0.00% 0.00% 5.37% 3.49% 5
Bonds
0.00% -10.67% 78.41% 9.25% 5
Other
-0.37% -61.40% 70.59% 19.77% 5

Stock Sector Breakdown

Weighting Category Low Category High BDMAX % Rank Quintile
Technology
7.50% -4.70% 46.54% 24.04% 4
Basic Materials
7.24% -19.17% 15.41% 3.26% 1
Consumer Cyclical
6.95% -12.55% 29.85% 21.07% 3
Consumer Defense
2.10% -18.65% 38.20% 25.52% 4
Utilities
1.79% -7.68% 16.56% 13.06% 2
Healthcare
1.33% -12.48% 46.29% 29.97% 4
Energy
-0.26% -9.47% 17.53% 32.34% 5
Industrials
-1.96% -12.12% 23.94% 35.31% 5
Real Estate
-2.26% -5.25% 77.46% 30.56% 5
Financial Services
-2.78% -5.70% 72.96% 35.91% 5
Communication Services
-7.76% -7.76% 12.84% 35.31% 5

Stock Geographic Breakdown

Weighting Category Low Category High BDMAX % Rank Quintile
Non US
12.37% -30.21% 93.74% 8.14% 2
US
-0.59% -106.05% 110.69% 36.34% 5

BDMAX - Expenses

Operational Fees

BDMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.95% 0.72% 74.87% 50.88% 2
Management Fee 1.47% 0.00% 2.45% 4.34% 4
12b-1 Fee 0.25% 0.00% 1.00% 3.06% 3
Administrative Fee 0.06% 0.01% 0.55% 10.57% 1

Sales Fees

BDMAX Fees (% of AUM) Category Low Category High BDMAX Rank Quintile
Front Load 5.25% 2.50% 5.75% 3.53% 2
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

BDMAX Fees (% of AUM) Category Low Category High BDMAX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BDMAX Fees (% of AUM) Category Low Category High BDMAX Rank Quintile
Turnover 34.00% 0.00% 9956.00% 30.56% 1

BDMAX - Distributions

Dividend Yield Analysis

BDMAX Category Low Category High BDMAX % Rank Quintile
Dividend Yield N/A 0.00% 0.80% N/A N/A

Dividend Distribution Analysis

BDMAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

BDMAX Category Low Category High BDMAX % Rank Quintile
Net Income Ratio -1.61% -3.66% 2.98% 51.75% 4

Capital Gain Distribution Analysis

BDMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

BDMAX - Managers

Kevin Franklin

Manager

Start Date

Dec 20, 2012

Tenure

3.87

Tenure Rank

7.8%

Managing Director of BlackRock, Inc. since 2010; Head of Automated Trading at Marble Bar Asset Management from 2009 to 2010; Principal at Barclays Global Investors from 2005 to 2009.


Raffaele Savi

Manager

Start Date

Dec 20, 2012

Tenure

3.87

Tenure Rank

7.8%

Raffaele Savi, Managing Director, is a member of the Scientific Active Equity division of BlackRock's Portfolio Management Group. He is responsible for BlackRock's North American, European, and Developed Market Equity Strategies. Prior to moving to his current role in 2010, Mr. Savi was the investment lead for the US Equity team within the Scientific Active Equity group. 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 BS/MS degree in Electronic Engineering from the University of Rome.


Richard Mathieson

Manager

Start Date

May 20, 2016

Tenure

0.45

Tenure Rank

16.8%

Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal at BGI from 2008 to 2009; Equity Analyst for Exista UK from 2007 to 2008; Principal at BGI from 2005 to 2007; Associate of BGI from 2001 to 2005.


Tenure Analysis

Category Low

0.0

Category High

38.4

Category Average

4.3

Category Mode

4.8