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Trending ETFs

Name

As of 06/11/2024

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

$14.48

$1.23 B

5.59%

$0.81

1.57%

Vitals

YTD Return

14.6%

1 yr return

27.8%

3 Yr Avg Return

9.2%

5 Yr Avg Return

5.8%

Net Assets

$1.23 B

Holdings in Top 10

57.7%

52 WEEK LOW AND HIGH

$14.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

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 06/11/2024

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

$14.48

$1.23 B

5.59%

$0.81

1.57%

BDMIX - Profile

Distributions

  • YTD Total Return 14.6%
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.49%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Global Equity Market Neutral Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Dec 20, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kevin Franklin

Fund Description

Under normal circumstances, the Fund invests at least 80% of its total assets in equity instruments and related derivative instruments issued by, or tied economically to, companies located in developed markets. The Fund determines that an investment is tied economically to a developed market if such investment satisfies one or more of the following conditions: 1) the issuer’s primary trading market is in a developed market; 2) the issuer is organized under the laws of, derives at least 50% of its revenue from, or has at least 50% of its assets in developed markets; 3) the investment is included in an index representative of developed markets; and 4) the investment is exposed to the economic risks and returns of developed markets. The Fund may invest in securities of issuers of any market capitalization and in securities denominated in either U.S. dollars or foreign currencies.
The Fund intends to be market-neutral, which means that the Fund seeks to produce returns that have a low correlation to the returns of the equity markets in which the Fund invests. The Fund pursues this market-neutral strategy by taking both long and short positions in a variety of developed market equity instruments. The Fund expects to maintain long and short positions primarily through the use of swap agreements and other derivative instruments, such as futures, and may invest in such instruments without limitation. Although the Fund intends to maintain an overall long position in its portfolio investments, the Fund generally expects to maintain significant short positions in equity securities and equity-related instruments. In certain circumstances, these short positions may approach or reach the size of the overall long position. 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 looks to identify overvalued, undervalued or mispriced stocks and other equity instruments through proprietary ranking techniques. 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.
Under normal circumstances, the Fund anticipates it will allocate a substantial amount (approximately 40% or more — unless market conditions are not deemed favorable by BlackRock, in which case the Fund would invest at least 30%) of its total assets in securities (or derivatives with similar economic characteristics) of (i) foreign government issuers, (ii) issuers organized or located outside the United States, (iii) issuers whose securities primarily trade in a market located outside the United States, or (iv) 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 less than three different countries). For temporary defensive purposes, the Fund may deviate very substantially from the allocation described above.
The Fund may utilize derivative instruments as a significant part of its strategy.
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.
Equity instruments consist of:
Common stock
Depositary receipts
Derivative securities or instruments such as futures, options, forward contracts and swaps (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference), the value of which is based on a common stock or group of common stocks. A contract for difference offers exposure to price changes in an underlying security without ownership of such security, typically by providing investors the ability to trade on margin.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
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BDMIX - Performance

Return Ranking - Trailing

Period BDMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% -11.6% 15.8% 32.00%
1 Yr 27.8% -33.0% 41.7% 51.46%
3 Yr 9.2%* -10.5% 13.4% 60.20%
5 Yr 5.8%* -4.8% 11.1% 48.19%
10 Yr 4.1%* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period BDMIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -31.7% 23.2% 45.92%
2022 1.8% -20.7% 10.7% 78.35%
2021 2.1% -12.4% 14.7% 21.11%
2020 0.0% -13.2% 12.9% 2.53%
2019 -7.1% -11.7% 7.9% 95.71%

Total Return Ranking - Trailing

Period BDMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% -11.7% 15.8% 32.00%
1 Yr 27.8% -33.0% 41.7% 45.63%
3 Yr 9.2%* -10.5% 13.4% 58.16%
5 Yr 5.8%* -4.8% 11.1% 45.78%
10 Yr 4.1%* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BDMIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% -31.7% 23.2% 45.92%
2022 1.8% -20.7% 10.7% 78.35%
2021 3.3% -12.4% 14.7% 22.22%
2020 0.3% -12.7% 12.9% 2.53%
2019 -0.8% -11.5% 13.2% 95.71%

NAV & Total Return History


BDMIX - Holdings

Concentration Analysis

BDMIX Category Low Category High BDMIX % Rank
Net Assets 1.23 B 105 K 12.6 B 28.85%
Number of Holdings 85 5 2526 2.88%
Net Assets in Top 10 708 M -619 M 6.53 B 16.35%
Weighting of Top 10 57.68% 7.6% 96.1% 24.39%

Top 10 Holdings

  1. United States Treasury Bill- When Issued 11.33%
  2. United States Cash Management Bill - Reopening 8.40%
  3. United States Treasury Bill- When Issued 7.33%
  4. United States Treasury Bill - WI Post Auction 5.61%
  5. United States Treasury Bill- When Issued 5.16%
  6. United States Cash Management Bill - Reopening 4.66%
  7. United States Treasury Bill- When Issued 4.52%
  8. United States Cash Management Bill - Reopening 4.14%
  9. Invesco SP 500 Equal Weight ETF 3.44%
  10. United States Treasury Bill 3.08%

Asset Allocation

Weighting Return Low Return High BDMIX % Rank
Bonds
89.21% -1.04% 63.30% 10.58%
Stocks
6.85% -57.09% 325.56% 79.81%
Cash
5.15% -225.56% 102.75% 30.77%
Preferred Stocks
0.40% 0.00% 5.67% 94.23%
Convertible Bonds
0.00% 0.00% 95.47% 94.23%
Other
-1.61% -11.90% 43.69% 34.62%

Stock Sector Breakdown

Weighting Return Low Return High BDMIX % Rank
Industrials
17.86% 0.00% 27.58% 18.28%
Technology
14.37% 0.00% 100.00% 65.59%
Financial Services
12.78% 0.00% 98.37% 78.49%
Consumer Cyclical
12.74% 0.00% 29.06% 7.53%
Consumer Defense
7.60% 0.00% 30.58% 32.26%
Real Estate
7.03% 0.00% 93.91% 19.35%
Communication Services
7.00% 0.00% 33.72% 50.54%
Healthcare
6.90% 0.00% 27.28% 79.57%
Basic Materials
6.47% 0.00% 42.74% 9.68%
Energy
4.43% 0.00% 53.30% 18.28%
Utilities
2.82% 0.00% 66.28% 50.54%

Stock Geographic Breakdown

Weighting Return Low Return High BDMIX % Rank
US
6.85% -55.82% 325.56% 62.50%
Non US
0.00% -7.09% 86.98% 88.46%

Bond Sector Breakdown

Weighting Return Low Return High BDMIX % Rank
Government
17.15% 0.00% 73.33% 14.42%
Cash & Equivalents
0.53% 0.00% 100.00% 56.73%
Securitized
0.00% 0.00% 27.70% 91.35%
Corporate
0.00% 0.00% 100.00% 96.15%
Municipal
0.00% 0.00% 3.82% 91.35%
Derivative
-1.61% 0.00% 30.95% 90.38%

Bond Geographic Breakdown

Weighting Return Low Return High BDMIX % Rank
US
89.21% -1.04% 80.93% 12.50%
Non US
0.00% -64.71% 9.68% 87.50%

BDMIX - Expenses

Operational Fees

BDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.57% 0.73% 9.52% 67.96%
Management Fee 1.25% 0.13% 1.65% 95.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.06% 0.40% 16.67%

Sales Fees

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

Trading Fees

BDMIX 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.

BDMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 30.00% 483.00% 4.49%

BDMIX - Distributions

Dividend Yield Analysis

BDMIX Category Low Category High BDMIX % Rank
Dividend Yield 5.59% 0.00% 0.75% 90.38%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BDMIX Category Low Category High BDMIX % Rank
Net Income Ratio -1.49% -2.49% 4.20% 51.46%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BDMIX - Fund Manager Analysis

Managers

Kevin Franklin


Start Date

Tenure

Tenure Rank

Dec 20, 2012

9.45

9.5%

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


Start Date

Tenure

Tenure Rank

Dec 20, 2012

9.45

9.5%

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.

Richard Mathieson


Start Date

Tenure

Tenure Rank

May 20, 2016

6.03

6.0%

Richard Mathieson, CA, Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal at Barclays Global Investors from 2008 to 2009; Equity Analyst for Exista UK from 2007 to 2008; Principal at Barclays Global Investors from 2005 to 2007; Associate of Barclays Global Investors from 2001 to 2005. Mr. Mathieson 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. Prior to joining the BlackRock, Inc. in 1999, Robert was a mortgage banking specialist at Ohio Savings Bank. 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 Category High Category Average Category Mode
0.08 30.59 6.3 9.42