Equity

BDMIX

Global Equity Market Neutral Fund

Overview

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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
5.04 3.05 5.04 16.44 50.67 56.74 62.03
Morningstar Category Avg. (%) 3.24 1.16 3.24 7.06 28.65 40.02 42.29
Lipper Category Avg. (%) 0.09 -2.07 0.09 5.29 20.91 64.95 66.73
  2020 2021 2022 2023 2024
Total Return (%) 0.29 3.34 1.81 14.58 21.39
Morningstar Category Avg. (%) -5.26 6.95 5.86 5.09 8.55

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

 

On 3/1/2021 the Fund began to track the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Historical index data prior to 3/1/2021 is for the 3pm pricing variant of the ICE BofA 3-MO US Treasury Bill. Index data on and after 3/1/2021 is for the 4pm pricing variant of the ICE BofA 3-MO US Treasury Bill.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 22, 2025
$4,573.3 M
Share Class launch date
Dec 20, 2012
Distribution Frequency
Annual
Lipper Classification
Alt Long/Short Equity
Max Offer Price
as of Apr 22, 2025
$14.08
Turnover Percent in the Annual Report
as of Apr 30, 2024
27%
Size of Class (Millions)
as of Apr 22, 2025
$3,569.6 M
Asset Class
Equity
Morningstar Category
Equity Market Neutral
CUSIP
091936526
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Mar 31, 2025
15.76
P/E Ratio - Short
as of Mar 31, 2025
17.52
R-Squared (3y)
as of Mar 31, 2025
18.26
Market Cap - Short (Millions)
as of Mar 31, 2025
$ 31,742.8 M
Beta (3y)
as of Mar 31, 2025
4.89
Worst 3-Month Return Over the Last 3 Years
3 months ending Jul 31, 2022
-1.05%
Number of Holdings (Short)
as of Mar 31, 2025
1821
P/B Ratio
as of Mar 31, 2025
0.96
Alpha (3y)
as of Mar 31, 2025
-0.54
Market Cap - Long (Millions)
as of Mar 31, 2025
$ 34,431.7 M
Fund Standard Deviation (3y)
as of Mar 31, 2025
5.33
Best 3-Month Return Over the Last 3 Years
3 months ending Mar 31, 2024
9.50%
Number of Holdings (Long)
as of Mar 31, 2025
1766
Active Share
as of Mar 31, 2025
293.83%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.55%
Net Expense Ratio 1.35%

Net Expense Ratio excluding Investment Related Expenses is 1.34%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Global Equity Market Neutral Fund, as of Mar 31, 2025 rated against 35 Equity Market Neutral Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Jul 31, 2024)
Analyst-Driven % as of Jul 31, 2024
100.00
Data Coverage % as of Jul 31, 2024
100.00

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Mar 31, 2025 out of 166, 12,247, 167, 81 and 167 Funds, respectively in Lipper's Alt Long/Short Equity classification.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
DEUTSCHE TELEKOM AG 2.19
XERO LTD 1.49
ADIDAS AG 1.42
TESCO PLC 1.42
SWISS MKT IX JUN 25 1.41
Name Weight (%)
GIVAUDAN SA 1.41
INTERTEK GROUP PLC 1.34
BANK OF AMERICA CORP 1.26
SUMITOMO MITSUI FINANCIAL GROUP INC 1.24
RAKUTEN GROUP INC 1.20
as of Mar 31, 2025
Issuer Weight (%)
DEUTSCHE TELEKOM AG 2.19
XERO LTD 1.49
ADIDAS AG 1.42
TESCO PLC 1.42
SWISS MKT IX JUN 25 1.41
Issuer Weight (%)
GIVAUDAN SA 1.41
INTERTEK GROUP PLC 1.34
BANK OF AMERICA CORP 1.26
SUMITOMO MITSUI FINANCIAL GROUP INC 1.24
RAKUTEN GROUP INC 1.20
as of Mar 31, 2025
Name Fund Weight (%)
INTERNATIONAL PAPER CO -2.22
ESSILORLUXOTTICA SA -1.95
RB GLOBAL INC -1.53
PAYCHEX INC -1.42
OVERSEA-CHINESE BANKING CORPORATION LTD -1.25
Name Fund Weight (%)
STARBUCKS CORPORATION -1.18
TORONTO-DOMINION BANK/THE -1.16
HALEON PLC -1.16
BERKSHIRE HATHAWAY INC -1.13
NESTLE SA -1.12
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2025

% of Market Value

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as of Mar 31, 2025

% of Market Value

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as of Mar 31, 2025

% of Market Value

as of Mar 31, 2025

% of Market Value

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Raffaele Savi
Global Head of BlackRock Systematic and Co-Chief Investment Officer and Co-Head of BlackRock’s Systematic Equities
Kevin Franklin
Managing Director, Systematic Equities

     

Richard Mathieson
Managing Director, Systematic Equities
Portfolio Manager

Literature

Literature

 

Funds related to BDMIX

Funds related to BDMIX

BLSIX
Advantage Emerging Markets Fund
BGCIX
Global Long/Short Credit Fund
MALOX
Global Allocation Fund

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