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Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Event Driven Equity Fund

BALPX | Fund

$9.51

$4.92 B

1.42%

$0.14

1.60%

Vitals

YTD Return

1.9%

1 yr return

1.8%

3 Yr Avg Return

2.3%

5 Yr Avg Return

2.4%

Net Assets

$4.92 B

Holdings in Top 10

79.1%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.60%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 64.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Event Driven Equity Fund

BALPX | Fund

$9.51

$4.92 B

1.42%

$0.14

1.60%

BALPX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.97%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Event Driven Equity Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Dec 20, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark McKenna

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and related derivative instruments with similar economic characteristics. The Fund seeks to achieve its investment objective by employing an event driven strategy, primarily investing in companies that have announced a material change or in companies that BlackRock expects to undergo a material change. A material change that could impact the price of securities for purposes of the Fund’s investment strategies is referred to herein as a “catalyst.” The Fund focuses on identifying investments that have a sufficiently defined catalyst. These catalysts span a broad spectrum and include, for example, announced mergers and acquisitions, spinoffs and split-offs, financial or strategic restructurings, management changes, synergistic acquisitions, as well as other transformative events. The intended goal of the Fund is to profit when the price of a security changes to reflect more accurately the likelihood and potential impact of the occurrence, or non-occurrence, of the extraordinary event. This can be done by taking a long position in a security or other financial instrument that is believed to be underpriced or a short position in a security or other financial instrument that is believed to be overpriced. The Fund generally maintains long and short positions primarily through the use of swap agreements and other derivative instruments, although the Fund may also take long and short positions directly. At times, the Fund may have significant short positions in equity securities and equity-related instruments.
Subject to certain conditions being met in the future, the Fund may seek long positions primarily through direct positions in equity securities rather than through swap agreements and other derivative instruments.
The Fund normally invests in both U.S. and non-U.S. securities. Non-U.S. securities may be denominated in either U.S. dollars or foreign currencies. The Fund may invest in securities of issuers of any market capitalization.
The Fund’s investment in equity securities may include common stock, preferred stock, non-convertible preferred stock and depositary receipts. The Fund may gain exposure to equity securities through derivatives. The Fund may also purchase securities convertible into common stock.
The Fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in fixed-income securities and related derivative instruments with similar economic characteristics. The Fund’s investment in fixed-income securities may include fixed and floating rate corporate bonds and municipal securities. The Fund may invest in debt securities of any credit quality, as determined by Fund management, which may include high yield securities (commonly called “junk bonds”).
The Fund may invest in derivatives, including but not limited to, total return swaps (some of which may be referred to as contracts for difference), credit default swaps, futures, options and foreign exchange transactions, for hedging purposes, as well as to enhance the return on its portfolio investments. There is no limit to the Fund’s ability to invest
in derivatives, except as may be limited by requirements of the Investment Company Act of 1940, as amended (the “Investment Company Act”), and at times the Fund may utilize derivatives to a significant extent.
The Fund may also invest in indexed and inverse securities.
When consistent with the Fund’s investment objective, the Fund’s investments may include short-term investments such as cash and cash equivalents, U.S. Government and agency securities, money market funds (including funds that may be affiliated with or sponsored or managed by BlackRock), commercial paper, certificates of deposit and other bank deposits and bankers’ acceptances.
The Fund may invest in securities of companies without an identified catalyst to hedge unwanted exposures to an industry or the market as a whole.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
Read More

BALPX - Performance

Return Ranking - Trailing

Period BALPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -11.6% 15.8% 49.00%
1 Yr 1.8% -33.0% 41.7% 22.33%
3 Yr 2.3%* -10.5% 13.4% 15.31%
5 Yr 2.4%* -4.8% 11.1% 12.05%
10 Yr 3.3%* -4.6% 7.6% 5.88%

* Annualized

Return Ranking - Calendar

Period BALPX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -31.7% 23.2% 29.59%
2022 -2.7% -20.7% 10.7% 21.65%
2021 -0.9% -12.4% 14.7% 11.11%
2020 2.8% -13.2% 12.9% 45.57%
2019 3.7% -11.7% 7.9% 30.00%

Total Return Ranking - Trailing

Period BALPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -11.7% 15.8% 49.00%
1 Yr 1.8% -33.0% 41.7% 51.46%
3 Yr 2.3%* -10.5% 13.4% 34.69%
5 Yr 2.4%* -4.8% 11.1% 27.71%
10 Yr 3.3%* -4.6% 7.6% 5.88%

* Annualized

Total Return Ranking - Calendar

Period BALPX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -31.7% 23.2% 29.59%
2022 -0.3% -20.7% 10.7% 21.65%
2021 -0.7% -12.4% 14.7% 16.67%
2020 6.0% -12.7% 12.9% 10.13%
2019 7.2% -11.5% 13.2% 1.43%

NAV & Total Return History

BALPX - Holdings

Concentration Analysis

BALPX Category Low Category High BALPX % Rank
Net Assets 4.92 B 105 K 12.6 B 5.77%
Number of Holdings 162 5 2526 40.38%
Net Assets in Top 10 3.89 B -619 M 6.53 B 1.92%
Weighting of Top 10 79.13% 7.6% 96.1% 67.14%

Top 10 Holdings

  1. BLACKROCK LIQUIDITY FUNDS T-FUND PORTFOLIO 62.37%
  2. iShares iBoxx $ High Yield Corporate Bond ETF 4.23%
  3. SPDR Bloomberg High Yield Bond ETF 3.32%
  4. Howmet Aerospace Inc 2.45%
  5. Danaher Corp 1.36%
  6. MEDLINE BORROWER LP 1.24%
  7. GFL Environmental Inc 1.14%
  8. Coty Inc 1.07%
  9. CLOUD SOFTWARE GROUP INC 1.01%
  10. DoubleVerify Holdings Inc 0.94%

Asset Allocation

Weighting Return Low Return High BALPX % Rank
Cash 		64.05% -225.56% 102.75% 37.50%
Stocks 		25.14% -57.09% 325.56% 32.69%
Bonds 		11.59% -1.04% 63.30% 34.62%
Convertible Bonds 		1.34% 0.00% 95.47% 28.85%
Preferred Stocks 		0.59% 0.00% 5.67% 12.50%
Other 		-1.37% -11.90% 43.69% 47.12%

Stock Sector Breakdown

Weighting Return Low Return High BALPX % Rank
Healthcare 		23.46% 0.00% 27.28% 2.15%
Technology 		23.31% 0.00% 100.00% 16.13%
Industrials 		20.13% 0.00% 27.58% 30.11%
Communication Services 		12.95% 0.00% 33.72% 58.06%
Financial Services 		6.26% 0.00% 98.37% 74.19%
Basic Materials 		5.90% 0.00% 42.74% 38.71%
Consumer Cyclical 		5.13% 0.00% 29.06% 80.65%
Consumer Defense 		1.70% 0.00% 30.58% 49.46%
Energy 		0.60% 0.00% 53.30% 67.74%
Real Estate 		0.58% 0.00% 93.91% 64.52%
Utilities 		0.00% 0.00% 66.28% 63.44%

Stock Geographic Breakdown

Weighting Return Low Return High BALPX % Rank
US 		25.07% -55.82% 325.56% 31.73%
Non US 		0.07% -7.09% 86.98% 33.65%

Bond Sector Breakdown

Weighting Return Low Return High BALPX % Rank
Cash & Equivalents 		63.00% 0.00% 100.00% 44.23%
Corporate 		5.79% 0.00% 100.00% 34.62%
Securitized 		0.00% 0.00% 27.70% 90.38%
Municipal 		0.00% 0.00% 3.82% 90.38%
Government 		0.00% 0.00% 73.33% 92.31%
Derivative 		-1.37% 0.00% 30.95% 22.12%

Bond Geographic Breakdown

Weighting Return Low Return High BALPX % Rank
US 		11.59% -1.04% 80.93% 34.62%
Non US 		0.00% -64.71% 9.68% 16.35%

BALPX - Expenses

Operational Fees

BALPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.73% 9.52% 78.64%
Management Fee 1.11% 0.13% 1.65% 55.77%
12b-1 Fee 0.25% 0.00% 1.00% 66.10%
Administrative Fee N/A 0.06% 0.40% 92.27%

Sales Fees

BALPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.75% 5.75% 66.67%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BALPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

BALPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 30.00% 483.00% 7.87%

BALPX - Distributions

Dividend Yield Analysis

BALPX Category Low Category High BALPX % Rank
Dividend Yield 1.42% 0.00% 0.75% 89.42%

Dividend Distribution Analysis

BALPX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

BALPX Category Low Category High BALPX % Rank
Net Income Ratio -0.97% -2.49% 4.20% 55.34%

Capital Gain Distribution Analysis

BALPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BALPX - Fund Manager Analysis

Managers

Mark McKenna

Start Date

Tenure

Tenure Rank

May 06, 2015

7.07

7.1%

Mark McKenna is a Managing Director of BlackRock, Inc. since 2014; Prior to that, he was a Managing Director at Harvard Management Company from 2009 to 2014; Portfolio Manager at Caxton Associates, LLC from 2004 to 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42

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