BlackRock Global Equity Absolute Return Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.5%
1 yr return
7.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$10.4 M
Holdings in Top 10
48.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 5.63%
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 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BABSX - Profile
Distributions
- YTD Total Return 4.5%
- 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%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBlackRock Global Equity Absolute Return Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateDec 21, 2021
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Bristow
Fund Description
BABSX - Performance
Return Ranking - Trailing
Period | BABSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -12.2% | 36.9% | 88.44% |
1 Yr | 7.0% | -11.9% | 53.2% | 91.16% |
3 Yr | N/A* | -12.0% | 26.0% | N/A |
5 Yr | N/A* | -2.4% | 22.9% | N/A |
10 Yr | N/A* | -3.8% | 11.0% | 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% | 36.91% |
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 | 4.5% | -12.2% | 36.9% | 88.44% |
1 Yr | 7.0% | -11.9% | 53.2% | 91.16% |
3 Yr | N/A* | -12.0% | 26.0% | N/A |
5 Yr | N/A* | -2.4% | 22.9% | N/A |
10 Yr | N/A* | -3.8% | 11.0% | 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% | 45.64% |
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 | 10.4 M | 1.08 M | 6.67 B | 93.96% |
Number of Holdings | 50 | 3 | 2209 | 65.77% |
Net Assets in Top 10 | 5.06 M | 625 K | 2.41 B | 91.95% |
Weighting of Top 10 | 48.74% | 2.1% | 101.8% | 47.65% |
Top 10 Holdings
- BlackRock Liquidity Funds T-Fund 9.12%
- Novo Nordisk A/S 5.42%
- Beiersdorf AG 5.24%
- Sony Group Corp 4.68%
- Microsoft Corp 4.62%
- Recruit Holdings Co Ltd 4.61%
- Amazon.com Inc 4.03%
- Mastercard Inc 3.86%
- Canadian National Railway Co 3.71%
- T-Mobile US Inc 3.47%
Asset Allocation
Weighting | Return Low | Return High | BABSX % Rank | |
---|---|---|---|---|
Stocks | 89.86% | 0.00% | 100.92% | 18.12% |
Cash | 10.26% | 0.00% | 99.60% | 71.14% |
Preferred Stocks | 0.00% | -1.01% | 6.36% | 58.39% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | N/A |
Bonds | 0.00% | 0.00% | 90.68% | 69.13% |
Other | -0.12% | -48.19% | 99.35% | 82.55% |
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% | 19.75% | 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 | |
---|---|---|---|---|
US | 45.11% | 0.00% | 100.92% | 73.15% |
Non US | 44.75% | -2.95% | 54.79% | 2.68% |
BABSX - Expenses
Operational Fees
BABSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 5.63% | 0.42% | 9.95% | 3.36% |
Management Fee | 1.85% | 0.00% | 2.50% | 94.63% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.06% | 0.03% | 1.54% | 25.71% |
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% | 446.00% | 22.61% |
BABSX - Distributions
Dividend Yield Analysis
BABSX | Category Low | Category High | BABSX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.41% | 0.00% | 27.22% | 55.41% |
Dividend Distribution Analysis
BABSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
BABSX | Category Low | Category High | BABSX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.01% | -3.33% | 2.16% | 58.50% |
Capital Gain Distribution Analysis
BABSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 08, 2023 | $0.126 | OrdinaryDividend |
Dec 08, 2022 | $0.789 | OrdinaryDividend |
Jul 14, 2022 | $0.114 | OrdinaryDividend |
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 | 6.0 | 7.93 |