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Trending ETFs

Name

As of 06/14/2024

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

$9.16

$10.1 M

1.38%

$0.13

7.48%

Vitals

YTD Return

6.6%

1 yr return

10.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$10.1 M

Holdings in Top 10

45.0%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 7.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$9.16

$10.1 M

1.38%

$0.13

7.48%

BABSX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.01%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Global Equity Absolute Return Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Dec 21, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Bristow

Fund Description

Under normal circumstances, the Fund seeks to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities and derivatives with similar economic characteristics. Equity securities include, but are not limited to, common stock, preferred stock, convertible securities and depositary receipts. The Fund may invest in equity securities of issuers located throughout the world, including non-dollar denominated securities and securities of emerging market issuers. The Fund may invest in issuers of any market capitalization, including small- to mid-capitalization companies.
Under normal circumstances, the Fund anticipates it will allocate a substantial amount (approximately 40% or more —unless market conditions are not deemed favorable by Fund management, in which case the Fund would invest at least 30%) of its total assets in foreign securities (or derivatives with similar economic characteristics), which may include securities (i) of foreign government issuers, (ii) of issuers organized or located outside the United States, (iii) of issuers which primarily trade in a market located outside the United States, or (iv) of issuers doing a substantial amount of business outside the United States, which the Fund considers to be companies that derive at least 50% of their revenue or profits from business outside the United States or have at least 50% of their sales or assets outside the United States. The Fund will allocate its assets among various regions and countries, including the United States (but in no fewer than three different countries). From time to time, the Fund may invest a substantial amount of its assets in issuers located in a single country or a limited number of countries.
The Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference) and forward contracts, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. In order to manage cash flows into or out of the Fund effectively, the Fund may buy and sell financial futures contracts or options on such contracts. Derivatives are financial instruments whose value is derived from another security, a currency or an index. The use of options, futures, swaps and forward contracts can be effective in protecting or enhancing the value of the Fund’s assets.
The Fund may also pursue its investment objective by taking short positions in a variety of equity instruments. The use of both long and short positions better enables the Fund to seek to produce returns that have low correlation to those available by investing in the market as a whole. A long position arises where the Fund holds a security in its portfolio or maintains a position through a derivative instrument that provides economic exposure similar to direct ownership of the security. The Fund will have a short position where it sells a security it does not own by delivery of a borrowed security or has entered into a derivative instrument that provides economic exposure similar to a short sale of the security. The Fund takes long positions primarily in securities that BlackRock has identified as attractive and short positions in such securities that BlackRock has identified as overvalued or poised for underperformance.
The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the “Investment Company Act”).
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BABSX - Performance

Return Ranking - Trailing

Period BABSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -11.8% 23.4% 48.77%
1 Yr 10.8% -11.9% 39.1% 54.32%
3 Yr N/A* -19.9% 28.1% N/A
5 Yr N/A* -4.5% 24.9% N/A
10 Yr N/A* -4.3% 10.0% N/A

* Annualized

Return Ranking - Calendar

Period BABSX Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -17.3% 43.8% 38.89%
2022 N/A -54.0% 17.4% N/A
2021 N/A -40.0% 54.1% N/A
2020 N/A -47.6% 88.4% N/A
2019 N/A -20.3% 62.6% N/A

Total Return Ranking - Trailing

Period BABSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -11.8% 23.4% 48.77%
1 Yr 10.8% -11.9% 39.1% 54.32%
3 Yr N/A* -19.9% 28.1% N/A
5 Yr N/A* -4.5% 24.9% N/A
10 Yr N/A* -4.3% 10.0% N/A

* Annualized

Total Return Ranking - Calendar

Period BABSX Return Category Return Low Category Return High Rank in Category (%)
2023 8.9% -14.5% 43.8% 45.06%
2022 N/A -54.0% 50.3% N/A
2021 N/A -40.0% 61.6% N/A
2020 N/A -29.9% 91.0% N/A
2019 N/A -17.9% 79.4% N/A

NAV & Total Return History


BABSX - Holdings

Concentration Analysis

BABSX Category Low Category High BABSX % Rank
Net Assets 10.1 M 1.08 M 6.67 B 95.06%
Number of Holdings 53 2 1906 67.28%
Net Assets in Top 10 4.53 M 639 K 2.09 B 90.12%
Weighting of Top 10 44.96% 2.8% 182.8% 49.38%

Top 10 Holdings

  1. Canadian National Railway Co 5.81%
  2. Beiersdorf AG 5.38%
  3. Mastercard Inc 5.37%
  4. Novo Nordisk A/S 5.01%
  5. Recruit Holdings Co Ltd 4.58%
  6. Microsoft Corp 4.49%
  7. Amazon.com Inc 3.89%
  8. Sony Group Corp 3.83%
  9. T-Mobile US Inc 3.31%
  10. Tencent Holdings Ltd 3.29%

Asset Allocation

Weighting Return Low Return High BABSX % Rank
Stocks
100.38% -0.40% 109.75% 2.47%
Cash
1.86% 0.00% 100.51% 93.21%
Preferred Stocks
0.00% 0.00% 8.29% 18.52%
Convertible Bonds
0.00% -0.02% 4.48% N/A
Bonds
0.00% 0.00% 178.67% 36.42%
Other
-0.02% -52.70% 99.51% 77.16%

Stock Sector Breakdown

Weighting Return Low Return High BABSX % Rank
Utilities
0.00% 0.00% 21.71% N/A
Technology
0.00% 0.00% 43.24% N/A
Real Estate
0.00% 0.00% 10.93% N/A
Industrials
0.00% 0.00% 31.93% N/A
Healthcare
0.00% 0.00% 100.00% N/A
Financial Services
0.00% 0.00% 83.83% N/A
Energy
0.00% 0.00% 32.57% N/A
Communication Services
0.00% 0.00% 32.32% N/A
Consumer Defense
0.00% 0.00% 33.38% N/A
Consumer Cyclical
0.00% 0.00% 88.83% N/A
Basic Materials
0.00% 0.00% 28.58% N/A

Stock Geographic Breakdown

Weighting Return Low Return High BABSX % Rank
Non US
51.27% -3.36% 70.87% 2.47%
US
49.11% -0.40% 109.75% 67.28%

BABSX - Expenses

Operational Fees

BABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 7.48% 0.42% 8.51% 2.47%
Management Fee 1.85% 0.00% 2.50% 95.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.03% 1.54% 23.08%

Sales Fees

BABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

BABSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 479.00% 21.09%

BABSX - Distributions

Dividend Yield Analysis

BABSX Category Low Category High BABSX % Rank
Dividend Yield 1.38% 0.00% 27.22% 52.80%

Dividend Distribution Analysis

BABSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BABSX Category Low Category High BABSX % Rank
Net Income Ratio -1.01% -3.33% 2.16% 59.38%

Capital Gain Distribution Analysis

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

Distributions History

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BABSX - Fund Manager Analysis

Managers

James Bristow


Start Date

Tenure

Tenure Rank

Dec 22, 2021

0.44

0.4%

James Bristow, CFA, Managing Director and portfolio manager, is co-head of the Global Equity team within the Fundamental Division of BlackRock's Active Equities Platform. James has been the lead manager for the International Focus strategy since April 2007 and co-manages the Global Equity Absolute Return fund. Mr. Bristow has over twenty years' investing experience, of which fifteen have been managing concentrated Global and International strategies. He joined BlackRock in 2006. Prior to this, he was a portfolio manager with JP Morgan, responsible for managing global, international and European equity portfolios. He joined JP Morgan in 1998. He began his career with ABN AMRO Rothschild equity capital markets. Mr. Bristow earned an MA in philosophy, politics and economics from Magdalen College, Oxford in 1997.

Gareth Williams


Start Date

Tenure

Tenure Rank

Dec 22, 2021

0.44

0.4%

Gareth Williams, CFA, Director and portfolio manager, is a member of the Global Equity team within the Fundamental Division of BlackRock's Active Equities Platform. Gareth is co-manager for the International Focus strategy and also manages the Global Equity Absolute Return fund. He is joint-Director of Research for the Global Equity Team. Mr. Williams has twelve years' experience managing concentrated International strategies and fourteen years' experience as a sector specialist analysing sectors including Media, Communications, and Technology. Mr. Williams joined BlackRock in 2005, including his service with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was an analyst on the UK Core Equity team, having first joined as a graduate. Mr. Williams earned a BSc degree in economics and mathematics from the University of Bristol in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.01 7.93