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Trending ETFs

Name

As of 06/21/2024

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

$16.30

$482 M

1.22%

$0.20

1.01%

Vitals

YTD Return

14.1%

1 yr return

21.7%

3 Yr Avg Return

4.7%

5 Yr Avg Return

N/A

Net Assets

$482 M

Holdings in Top 10

28.0%

52 WEEK LOW AND HIGH

$16.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.00%

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 06/21/2024

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

$16.30

$482 M

1.22%

$0.20

1.01%

BIEEX - Profile

Distributions

  • YTD Total Return 14.1%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    BlackRock GA Dynamic Equity Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jun 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Russ Koesterich

Fund Description

The Fund will, under normal circumstances, invest at least 80% of its net assets (plus borrowings for investment purposes) in equity securities. The Fund seeks to achieve its investment objective by investing in both equity and fixed-income securities, including money market securities and other short-term securities or instruments, of issuers located around the world. Equity securities include common stock, preferred stock, securities convertible into common stock, American Depository Receipts, or securities or other instruments whose price is linked to the value of common stock. The combination of equity securities will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. The Fund may invest in the securities of companies of any market capitalization. The Fund may also invest in Real Estate Investment Trusts.
Generally, the Fund seeks diversification across markets, industries and issuers. In making investment decisions, Fund management seeks to identify the long term trends and changes that Fund management believes could benefit particular markets, industries and/or issuers relative to other markets, industries and/or issuers, respectively. Fund management will consider a variety of factors when selecting the markets, such as the rate of economic growth, natural resources, capital reinvestment and the social and political environment.
The Fund may invest in developed and emerging markets, including frontier markets. This flexibility allows Fund management to look for investments in markets around the world that it believes will provide the best relative asset allocation to meet the Fund’s objective.
In pursuing its investment objective, the Fund may utilize short positions. The Fund expects to implement short positions through short sales of any instrument that the Fund may purchase for investment or by using options, swaps, futures, forwards, contracts for difference or other derivative instruments.
With respect to the Fund’s fixed-income investments, the Fund may invest in all types of debt securities, including, but not limited to, U.S. and foreign government bonds, corporate bonds and convertible bonds, structured notes, credit-linked notes, loan assignments and participations, mortgage- and asset-backed securities, and securities issued or guaranteed by certain international organizations such as the World Bank. The Fund may invest in “junk” bonds, corporate loans and distressed securities. These securities offer the possibility of relatively higher returns but are significantly riskier than higher rated debt securities. The Fund may invest in debt securities of any maturity or duration.
The Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps that may be referred to as contracts for difference), credit default swaps 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. Derivatives are financial instruments whose value is derived from another security, a commodity, a currency or an index. The Fund has the ability to use forward currency contracts and other currency derivatives. From time to time, the Fund may own foreign cash equivalents or foreign bank deposits as part of the Fund’s investment strategy. The Fund may also invest in non-U.S. currencies, however, the Fund may underweight or overweight a currency based on the Fund management team’s outlook. The Fund may invest in indexed and inverse securities.
The Fund may invest a portion of its assets in securities related to real assets (like real estate- or precious metals-related securities) such as stock, bonds or convertible bonds issued by real estate investment trusts or companies that mine precious metals. The Fund may hold a portion of its assets in cash or cash equivalents.
The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles such as exchange traded funds that invest exclusively in commodities and are designed to provide this exposure without direct investment in physical commodities. The Fund may gain exposure to commodity markets by investing up to 25% of its total assets in Cayman GA Dynamic Equity Fund, Ltd. (the “Subsidiary”), a wholly owned subsidiary of the Fund formed in the Cayman Islands, which invests primarily in commodity-related instruments. The Subsidiary may also hold cash and invest in
other instruments, including fixed income securities, either as investments or to serve as margin or collateral for the Subsidiary’s derivative positions. The Subsidiary (unlike the Fund) may invest without limitation in commodity-related instruments.
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BIEEX - Performance

Return Ranking - Trailing

Period BIEEX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% -35.6% 29.2% 17.79%
1 Yr 21.7% 17.3% 252.4% 22.50%
3 Yr 4.7%* -3.5% 34.6% 49.39%
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period BIEEX Return Category Return Low Category Return High Rank in Category (%)
2023 16.6% -24.3% 957.1% 26.95%
2022 -18.1% -38.3% 47.1% N/A
2021 7.9% -54.2% 0.6% N/A
2020 20.4% -76.0% 54.1% N/A
2019 N/A -26.1% 47.8% N/A

Total Return Ranking - Trailing

Period BIEEX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% -35.6% 29.2% 18.46%
1 Yr 21.7% 11.4% 252.4% 20.80%
3 Yr 4.7%* -3.5% 34.6% 46.72%
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period BIEEX Return Category Return Low Category Return High Rank in Category (%)
2023 17.7% -24.3% 957.1% 26.95%
2022 -17.5% -33.1% 47.1% N/A
2021 16.6% -44.4% 1.8% N/A
2020 21.5% -6.5% 54.1% N/A
2019 N/A -14.4% 47.8% N/A

NAV & Total Return History


BIEEX - Holdings

Concentration Analysis

BIEEX Category Low Category High BIEEX % Rank
Net Assets 482 M 199 K 133 B 96.82%
Number of Holdings 297 1 9075 9.25%
Net Assets in Top 10 135 M -18 M 37.6 B 97.47%
Weighting of Top 10 28.03% 9.1% 100.0% 80.43%

Top 10 Holdings

  1. BlackRock Liquidity Funds: T-Fund, Institutional Shares 8.31%
  2. Microsoft Corp 4.52%
  3. Amazon.com Inc 3.19%
  4. Apple Inc 2.81%
  5. Alphabet Inc 2.15%
  6. JPMorgan Chase Co 1.65%
  7. Nestle SA 1.36%
  8. Mastercard Inc 1.36%
  9. BAE Systems PLC 1.34%
  10. Merck Co Inc 1.34%

Asset Allocation

Weighting Return Low Return High BIEEX % Rank
Stocks
88.73% 61.84% 125.47% 12.33%
Cash
10.66% -174.70% 23.12% 94.93%
Other
0.44% -13.98% 19.14% 19.82%
Preferred Stocks
0.18% -0.01% 5.28% 5.73%
Bonds
0.00% -1.50% 161.67% 60.13%
Convertible Bonds
0.00% 0.00% 4.46% 58.37%

Stock Sector Breakdown

Weighting Return Low Return High BIEEX % Rank
Technology
20.85% 0.00% 49.87% 49.45%
Healthcare
15.18% 0.00% 35.42% 42.95%
Consumer Cyclical
13.02% 0.00% 40.94% 56.83%
Financial Services
10.56% 0.00% 38.42% 50.55%
Communication Services
9.35% 0.00% 57.66% 39.65%
Basic Materials
8.20% 0.00% 38.60% 10.68%
Industrials
8.14% 0.00% 44.06% 37.89%
Energy
7.28% 0.00% 21.15% 31.72%
Consumer Defense
3.55% 0.00% 73.28% 79.07%
Utilities
2.59% 0.00% 29.12% 23.90%
Real Estate
1.28% 0.00% 39.48% 61.34%

Stock Geographic Breakdown

Weighting Return Low Return High BIEEX % Rank
US
58.39% 0.13% 103.82% 11.34%
Non US
30.33% 0.58% 99.46% 86.67%

Bond Sector Breakdown

Weighting Return Low Return High BIEEX % Rank
Cash & Equivalents
8.31% 0.00% 100.00% 99.33%
Corporate
1.54% 0.00% 99.70% 0.11%
Derivative
0.44% 0.00% 100.00% 61.30%
Securitized
0.00% 0.00% 24.65% 55.82%
Municipal
0.00% 0.00% 0.70% 55.82%
Government
0.00% 0.00% 100.00% 59.28%

Bond Geographic Breakdown

Weighting Return Low Return High BIEEX % Rank
US
0.00% -0.01% 130.80% 60.24%
Non US
0.00% -11.21% 30.87% 57.71%

BIEEX - Expenses

Operational Fees

BIEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.01% 44.27% 3.42%
Management Fee 0.40% 0.00% 1.82% 16.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

BIEEX 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% 5.00% N/A

Trading Fees

BIEEX 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.

BIEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 395.00% 79.13%

BIEEX - Distributions

Dividend Yield Analysis

BIEEX Category Low Category High BIEEX % Rank
Dividend Yield 1.22% 0.00% 3.26% 57.88%

Dividend Distribution Analysis

BIEEX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

BIEEX Category Low Category High BIEEX % Rank
Net Income Ratio 0.88% -4.27% 12.65% 40.80%

Capital Gain Distribution Analysis

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

Distributions History

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BIEEX - Fund Manager Analysis

Managers

Russ Koesterich


Start Date

Tenure

Tenure Rank

Jun 01, 2017

5.0

5.0%

Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team as well as the lead portfolio manager on the GA Selects model portfolio strategies. Mr. Koesterich's service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the Fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media and the author of three books, including his most recent ""Portfolio Construction for Today's Markets. Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA Charterholder.

David Clayton


Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

David Clayton, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team. Mr. Clayton joined the BlackRock Global Allocation team in 2010 and was named a portfolio manager of the Fund in 2017. Prior to his current role, he was head of portfolio oversight, as well as a senior investor and investment group leader, on the Fund, primarily responsible for coverage of the energy, real estate, autos, industrials, materials and utilities sectors. Prior to joining BlackRock, he was Of Counsel in the Financial Restructuring Group at Milbank, Tweed, Hadley & McCloy LLP. Previously he was a Managing Director and analyst with The Blackstone Group, responsible for distressed and special situations investments across multiple industries. Prior to joining Blackstone, Mr. Clayton spent six years at Merrill Lynch Investment Managers (MLIM), initially as an attorney specializing in corporate finance transactions and restructurings, and most recently as a Vice President and analyst in the Global High Yield Bond & Bank Debt Group. Mr. Clayton began his career as an attorney specializing in corporate finance transactions, first at Blake, Cassels & Graydon in Toronto and then at Milbank in New York. Mr. Clayton earned a BA degree, with honors, in economics from the University of Western Ontario in 1990 and MBA and LLB degrees from Dalhousie University in 1994. He is a CFA Charterholder.

Rick Rieder


Start Date

Tenure

Tenure Rank

Aug 27, 2021

0.76

0.8%

Rick Rieder, Managing Director, is BlackRock's Global Chief Investment Officer of Fixed Income, and Co-head of BlackRock's Global Fixed Income platform, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock firm-wide Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013, and was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's eleven Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and on the board of Big Brothers/Big Sisters of Newark and Essex County Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25