Equity

BALPX

Event Driven Equity Fund

  • NAV as of Apr 11, 2025 $9.58
    52 WK: 9.44 - 9.77
  • 1 Day NAV Change as of Apr 11, 2025 0.01 (0.14%)
  • NAV Total Return as of Apr 10, 2025 YTD: 0.53%
  • Morningstar Rating

Overview

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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 1.37 -0.21 1.37 2.70 8.39 23.11 45.14
Return w/ Sales Charge (%) -3.96 -5.45 -3.96 -2.70 2.70 16.65 37.52
Benchmark (%) 1.02 0.33 1.02 4.97 13.25 13.46 20.38
Morningstar Category Avg. (%) 1.34 -0.17 1.34 4.81 8.88 32.50 38.81
Lipper Category Avg. (%) -3.79 -5.10 -3.79 4.93 30.25 137.36 196.90
  2020 2021 2022 2023 2024
Total Return (%) 6.03 1.60 -0.25 5.15 1.95
Annual w/ Sales Charge (%) 0.47 -3.74 -5.49 -0.37 -3.40
Benchmark (%) 0.67 0.05 1.47 5.02 5.25
Morningstar Category Avg. (%) 6.69 4.14 -1.75 5.38 4.14

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.

The Fund's returns prior to May 8, 2015 are the returns of the Fund when it followed different investment strategies under the name "BlackRock Large Cap Core Plus Fund," which focused on establishing long and short positions in a diversified portfolio of equity securities issued primarily by large cap companies located in the United States. 

 

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 11, 2025
$4,508.5 M
Share Class launch date
Dec 19, 2007
Benchmark Index
ICE BofA 3 Month Treasury Bill Index (G0O1) (USD)
Morningstar Category
Event Driven
CUSIP
09250J759
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 11, 2025
$98.8 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Alt Event Driven Funds
Max Offer Price
as of Apr 10, 2025
$10.09
Turnover Percent in the Annual Report
as of May 31, 2024
32%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Aug 30, 2024
24.18
P/E Ratio - Short
as of Aug 30, 2024
17.37
R-Squared (3y)
as of Mar 31, 2025
3.16
Market Cap - Short (Millions)
as of Aug 30, 2024
$ 233,447.8 M
Beta (3y)
as of Mar 31, 2025
1.45
Worst 3-Month Return Over the Last 3 Years
3 months ending May 31, 2023
-2.58%
Number of Holdings (Short)
as of -
-
P/B Ratio
as of Mar 31, 2025
0.00
Alpha (3y)
as of Mar 31, 2025
-0.27
Market Cap - Long (Millions)
as of Aug 30, 2024
$ 52,955.3 M
Fund Standard Deviation (3y)
as of Mar 31, 2025
3.81
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
4.48%
Number of Holdings (Long)
as of -
-
Active Share
as of Mar 31, 2025
50.00%
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 1.60%
Net Expense Ratio 1.51%

Net Expense Ratio excluding Investment Related Expenses is 1.37%

  • Acquired Fund Fees and Expenses 0.14%
  • Interest expense 0.00%

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Event Driven Equity Fund, as of Mar 31, 2025 rated against 43 Event Driven Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Apr 30, 2024)
Analyst-Driven % as of Apr 30, 2024
100.00
Data Coverage % as of Apr 30, 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 44, 4,310, 44, 25 and 44 Funds, respectively in Lipper's Alt Event Driven Funds classification.

Holdings

Holdings

as of Oct 30, 2015
Name Weight (%)
PRECISION CASTPARTS CORP 13.14
TIME WARNER CABLE INC 8.75
CYTEC INDUSTRIES INC. 8.54
HUMANA INC 7.22
CITY NATIONAL CORPORATION 6.10
Name Weight (%)
STRATEGIC HOTELS & RESORTS, INC 6.06
CAMERON INTERNATIONAL CORP 5.54
BROADCOM CORPORATION 5.06
ALTERA CORPORATION 4.96
SIGMA-ALDRICH CORPORATION 4.96
Missing Issuers data
as of Oct 30, 2015
Name Fund Weight (%)
SCHLUMBERGER NV -4.57
CHARTER COMMUNICATIONS INC -4.37
ROYAL BANK OF CANADA -3.05
ROYAL DUTCH SHELL PLC -2.94
M&T BANK CORPORATION -2.85
Name Fund Weight (%)
BB&T CORP -2.83
NXP SEMICONDUCTORS NV -2.67
AVAGO TECHNOLOGIES LTD -2.34
AETNA INC -1.89
ANTHEM INC -1.83
Detailed Holdings and Analytics
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

Show More
as of Mar 31, 2025

% of Market Value

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

Mark McKenna
Mark McKenna
Managing Director

Mark R. McKenna, Managing Director, is Founder and Global Head of Event Driven. Mr. McKenna is responsible for managing BlackRock's event-driven investing efforts.

Read More

Mark R. McKenna, Managing Director, is Founder and Global Head of Event Driven. Mr. McKenna is responsible for managing BlackRock's event-driven investing efforts.

 

Prior to joining BlackRock in 2014, Mr. McKenna was a managing director at Harvard Management Company (HMC) and co-founder of HMC's event driven fund. From 2004 to 2009, Mr. McKenna was portfolio manager of the event driven strategy at Caxton Associates, LLC. Previous to Caxton, Mr. McKenna spent five years at Citigroup's Global and Corporate Investment Bank as a vice president in mergers and acquisitions. Before graduate school, Mr. McKenna served as a lieutenant in the United States Navy's Nuclear Submarine Force, where he conducted strategic deterrent patrols onboard the USS Ohio and was a certified nuclear engineer by the Department of Naval Reactors.

 

Mr. McKenna earned a B.Engr. in electrical engineering from New York Maritime College and an MBA, with distinction, from NYU.

Portfolio Manager

Literature

Literature

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694