Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

BDMAX BlackRock Global Long/Short Equity Inv A

  • Fund
  • BDMAX
  • Price as of: May 24, 2019
  • $12.67 - $0.00 - 0.00%
  • Category
  • Long-Short

BDMAX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $609 M
  • Holdings in Top 10 26.5%

52 WEEK LOW AND HIGH

$12.67
$11.89
$12.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.03%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

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 4.5%
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.84%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 4.5% -14.7% 26.6% 67.96%
1 Yr 4.2% -27.1% 16.4% 5.52%
3 Yr 5.7%* -26.8% 13.0% 19.89%
5 Yr 2.0%* -25.2% 10.9% 33.33%
10 Yr N/A* -12.8% 10.9% N/A

* Annualized


Return Ranking - Calendar

Period BDMAX Return Category Return Low Category Return High Rank in Category (%)
2018 1.0% -24.8% 12.7% 5.52%
2017 12.6% -46.3% 26.8% 19.34%
2016 -7.1% -20.0% 25.3% 92.09%
2015 -2.7% -22.2% 14.0% 44.32%
2014 0.7% -24.3% 60.7% 52.41%

Total Return Ranking - Trailing

Period BDMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -14.7% 26.6% 67.96%
1 Yr 5.1% -26.9% 16.4% 8.84%
3 Yr 6.0%* -9.1% 13.0% 33.15%
5 Yr 2.6%* -9.1% 14.8% 43.40%
10 Yr N/A* -6.7% 13.2% N/A

* Annualized


Total Return Ranking - Calendar

Period BDMAX Return Category Return Low Category Return High Rank in Category (%)
2018 1.9% -24.8% 12.7% 4.97%
2017 12.6% -12.7% 26.8% 35.91%
2016 -7.1% -15.5% 25.3% 94.92%
2015 -1.2% -14.2% 22.6% 44.32%
2014 0.8% -15.0% 64.3% 74.48%

NAV & Total Return History

BDMAX - Holdings

Concentration Analysis

BDMAX Category Low Category High BDMAX % Rank
Net Assets 609 M 2.37 M 8.25 B 19.89%
Number of Holdings 1484 4 2155 3.87%
Net Assets in Top 10 142 M -157 M 2.21 B 24.31%
Weighting of Top 10 26.49% 0.8% 94.9% 58.56%

Top 10 Holdings

  1. United States Treasury Notes 2.42% 9.85%

  2. United States Treasury Notes 2.45% 2.18%

  3. United States Treasury Notes 2.46% 1.97%

  4. WRKCo Inc A 1.97%

  5. United States Treasury Notes 2.55% 1.89%

  6. JXTG Holdings Inc 1.86%

  7. Logitech International SA 1.78%

  8. Dai-ichi Life Holdings Inc 1.72%

  9. Insperity Inc 1.66%

  10. Prysmian SpA 1.62%


Asset Allocation

Weighting Return Low Return High BDMAX % Rank
Cash
82.56% -16.33% 99.82% 3.87%
Bonds
16.99% -9.42% 90.42% 12.15%
Other
1.03% -5.04% 32.71% 17.13%
Preferred Stocks
0.00% -0.47% 1.92% 12.15%
Convertible Bonds
0.00% -0.01% 4.62% 21.55%
Stocks
-0.59% -0.38% 122.42% 98.90%

Stock Sector Breakdown

Weighting Return Low Return High BDMAX % Rank
Consumer Defense
3.91% -4.04% 18.29% 44.38%
Technology
2.79% -4.90% 26.38% 81.46%
Financial Services
2.59% -0.02% 69.83% 85.96%
Consumer Cyclical
2.15% -2.82% 27.34% 79.21%
Utilities
1.49% -2.85% 12.16% 65.17%
Basic Materials
0.56% -2.92% 15.60% 97.19%
Energy
-0.14% -0.08% 18.22% 87.64%
Communication Services
-1.82% -3.82% 12.55% 98.88%
Real Estate
-2.14% -7.71% 50.29% 91.57%
Healthcare
-2.17% -3.63% 57.07% 98.88%
Industrials
-7.80% -5.90% 22.45% 98.88%

Stock Geographic Breakdown

Weighting Return Low Return High BDMAX % Rank
US
0.28% 0.00% 100.00% 91.71%
Non US
-0.87% -2.52% 94.41% 97.79%

Bond Sector Breakdown

Weighting Return Low Return High BDMAX % Rank
Cash & Equivalents
82.56% -16.33% 99.82% 3.87%
Government
16.99% -1.05% 59.34% 6.63%
Derivative
0.00% -9.37% 0.15% 4.42%
Securitized
0.00% 0.00% 28.09% 18.23%
Corporate
0.00% -6.09% 58.90% 38.67%
Municipal
0.00% 0.00% 0.23% 12.15%

Bond Geographic Breakdown

Weighting Return Low Return High BDMAX % Rank
US
16.99% -9.42% 82.85% 8.84%
Non US
0.00% -0.95% 15.36% 22.65%

BDMAX - Expenses

Operational Fees

BDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.03% 0.42% 7.38% 51.38%
Management Fee 1.50% 0.25% 2.25% 78.45%
12b-1 Fee 0.25% 0.00% 1.00% 24.00%
Administrative Fee 0.04% 0.01% 0.55% 6.25%

Sales Fees

BDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 62.50%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BDMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 5067.00% 8.29%

BDMAX - Distributions

Dividend Yield Analysis

BDMAX Category Low Category High BDMAX % Rank
Dividend Yield 0.00% 0.00% 0.12% 46.96%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BDMAX Category Low Category High BDMAX % Rank
Net Income Ratio -0.84% -2.95% 1.42% 79.01%

Capital Gain Distribution Analysis

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

BDMAX - Managers

Kevin Franklin

Manager

Start Date

Tenure

Tenure Rank

Dec 20, 2012

6.36

6.4%

Kevin Franklin, Managing Director, is a member of BlackRock's Systematic Active Equity Investment 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.


Raffaele Savi

Manager

Start Date

Tenure

Tenure Rank

Dec 20, 2012

6.36

6.4%

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 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 degree in electronic engineering from the University of Rome in 1997.


Richard Mathieson

Manager

Start Date

Tenure

Tenure Rank

May 20, 2016

2.95

3.0%

Richard Mathieson, CA, Managing Director, is a member of the Systematic Active Equity division within BlackRock's Active Equities Group. He is a Portfolio Manager responsible for global equity strategies. Prior to this he led the Investment Strategy team in EMEA for Scientific Active Equity. 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.


Tenure Analysis

Category Low

0.02

Category High

40.86

Category Average

6.43

Category Mode

5.36