Equity

BABSX

BlackRock Global Equity Absolute Return Fund

  • NAV as of Nov 22, 2024 $8.90
    52 WK: 8.36 - 9.31
  • 1 Day NAV Change as of Nov 22, 2024 0.01 (0.11%)
  • NAV Total Return as of Nov 22, 2024 YTD: 3.61%

Overview

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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 8.45 - - - 0.21
Benchmark (%) 5.46 - - - 3.79
Morningstar Category Avg. (%) 19.48 - - - -
Morningstar Ranking 129/147 - - - -
Morningstar Quartile 4 - - - -
Lipper Ranking 80/106 - - - -
Lipper Quartile 3 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 3.61 -1.00 -2.63 8.45 - - - 0.59
Benchmark (%) 4.03 0.43 1.37 5.46 - - - 10.86
Morningstar Category Avg. (%) 12.12 0.86 3.55 19.48 - - - -
  2019 2020 2021 2022 2023
Total Return (%) - - - -10.81 8.86
Benchmark (%) - - - 1.47 5.02
Morningstar Category Avg. (%) - - - -7.57 10.61

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.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Nov 22, 2024
$10.1 M
Share Class launch date
Dec 21, 2021
Benchmark Index
ICE BofA 3 Month Treasury Bill Index (G0O1) (USD)
Morningstar Category
Long-Short Equity
CUSIP
09261A607
Open to New Investors
Yes
Size of Class (Millions)
as of Nov 22, 2024
$0.2 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Absolute Return
Max Offer Price
as of Nov 22, 2024
$8.90
Turnover Percent in the Annual Report
as of Mar 31, 2024
84%

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of -
-
P/E Ratio - Short
as of -
-
R-Squared (3y)
as of -
-
Market Cap - Short (Millions)
as of -
-
Beta (3y)
as of -
-
Number of Holdings (Short)
as of -
-
P/B Ratio
as of Oct 31, 2024
143.95
Alpha (3y)
as of -
-
Market Cap - Long (Millions)
as of -
-
Fund Standard Deviation (3y)
as of -
-
Number of Holdings (Long)
as of -
-
Active Share
as of -
-
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of Oct 31, 2024
0.00%
MSCI - Nuclear Weapons
as of Oct 31, 2024
0.00%
MSCI - Civilian Firearms
as of Oct 31, 2024
0.00%
MSCI - Tobacco
as of Oct 31, 2024
0.00%
MSCI - UN Global Compact Violators
as of Oct 31, 2024
0.00%
MSCI - Thermal Coal
as of Oct 31, 2024
0.00%
MSCI - Oil Sands
as of Oct 31, 2024
0.00%
Business Involvement Coverage
as of Oct 31, 2024
89.21%
Percentage of Fund not covered
as of Oct 31, 2024
10.79%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 1.46%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 5.63%
Net Expense Ratio 1.98%

Net Expense Ratio excluding Investment Related Expenses is 1.95%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.01%

Ratings

Ratings

Holdings

Holdings

as of Oct 31, 2024
Name Weight (%)
SONY GROUP CORP 4.70
TENCENT HOLDINGS LTD 3.87
BEIERSDORF AG 3.78
MASTERCARD INC 3.53
CANADIAN NATIONAL RAILWAY COMPANY 3.49
Name Weight (%)
T-MOBILE US INC 3.46
HOME DEPOT INC 2.87
ASTRAZENECA PLC 2.84
NOVO NORDISK A/S 2.79
AMAZON.COM INC 2.79
Name Market Value Weight (%) Shares
as of Oct 31, 2024
Issuer Weight (%)
SONY GROUP CORP 4.70
TENCENT HOLDINGS LTD 3.87
BEIERSDORF AG 3.78
MASTERCARD INC 3.53
CANADIAN NATIONAL RAILWAY COMPANY 3.49
Issuer Weight (%)
T-MOBILE US INC 3.46
HOME DEPOT INC 2.87
ASTRAZENECA PLC 2.84
NOVO NORDISK A/S 2.79
AMAZON.COM INC 2.79
as of Oct 31, 2024
Name Fund Weight (%)
OMNICOM GROUP INC -2.22
INTERNATIONAL BUSINESS MACHINES CORP -2.17
AMER SPORTS INC -1.98
BUNZL PLC -1.92
SOFTBANK GROUP CORP -1.79
Name Fund Weight (%)
CHARTER COMMUNICATIONS INC -1.78
NETFLIX INC -1.77
AT&T INC -1.72
UNITED PARKS & RESORTS INC -1.70
TELEFONICA SA -1.65
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 Oct 31, 2024

% of Market Value

Type Long Short Net
as of Oct 31, 2024

% of Market Value

Type Long Short Net
as of Oct 31, 2024

% of Market Value

Type Long Short Net
as of Oct 31, 2024

% of Market Value

Type Long Short Net
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

Gareth Williams
Gareth Williams

Managing Director, head of the Global Specialist Team within Fundamental Equities.

Read More

Gareth Williams, CFA, Managing Director and portfolio manager, is head of the Global Specialist Team within the Fundamental Equities division of BlackRock's Portfolio Management Group.

 

Gareth has managed Global equity strategies at Blackrock since 2007, and is portfolio manager of the International Focus and Future Consumer strategies and the Global Equity Absolute Return fund. Gareth has an unconstrained global research focus and historically served as the team's Director of Research for 5 years through 2022. 

 

Gareth first joined BlackRock in 2005, including his service with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006.

 

Gareth earned a BSc degree in economics and mathematics from the University of Bristol in 2005.

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