BlackRock Global Equity Market Neutral Fund A Shares (BDMAX)
| Fund Assets | 5.80B |
| Expense Ratio | 1.60% |
| Min. Investment | $1,000 |
| Turnover | 44.00% |
| Dividend (ttm) | 1.48 |
| Dividend Yield | 10.47% |
| Dividend Growth | -16.40% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 13.43 |
| YTD Return | 1.82% |
| 1-Year Return | 4.26% |
| 5-Year Return | 43.50% |
| 52-Week Low | 13.16 |
| 52-Week High | 14.45 |
| Beta (5Y) | 0.05 |
| Holdings | 4464 |
| Inception Date | Dec 20, 2012 |
About BDMAX
BlackRock Global Equity Market Neutral Fund Investor A Shares is an alternative mutual fund designed to deliver returns that are largely independent of the broader equity market's direction. The fund operates with a "market neutral" approach, seeking total long-term return by taking both long and short positions in equity instruments and related derivatives tied to companies primarily in developed markets. By maintaining roughly balanced exposures—offsetting long positions with short ones across sectors, regions, and styles—the fund aims to minimize systematic risks such as overall equity market movements, focusing on generating returns through security selection rather than market trends. Managed by BlackRock’s experienced quantitative and systematic investment team, the fund leverages advanced data analytics and proprietary models to identify opportunities on both sides of the market. With a diverse portfolio encompassing thousands of individual securities, the fund provides broad exposure while seeking to reduce volatility and correlation with traditional equity investments. This makes it a tool for investors looking to diversify portfolios and manage risk during periods of market uncertainty. The fund does not specifically pursue ESG mandates and has a history of consistent, though not market-beating, performance in its category.
Performance
BDMAX had a total return of 4.26% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.95%.
Top 10 Holdings
62.15% of assets| Name | Symbol | Weight |
|---|---|---|
| E-mini S&P 500 Future June 25 | n/a | 9.33% |
| United States Treasury Bills | B.0 06.12.25 | 7.75% |
| United States Treasury Bills | B.0 07.03.25 | 7.21% |
| United States Treasury Bills | B.0 06.05.25 | 7.04% |
| United States Treasury Bills | B.0 07.10.25 | 6.95% |
| United States Treasury Bills | B.0 07.15.25 | 5.27% |
| EUR - Spendable Cash | n/a | 5.07% |
| United States Treasury Bills | B.0 06.24.25 | 4.74% |
| United States Treasury Bills | B.0 07.22.25 | 4.39% |
| United States Treasury Bills | B.0 06.10.25 | 4.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 17, 2025 | $0.69807 | Jul 18, 2025 |
| Dec 10, 2024 | $0.78566 | Dec 11, 2024 |
| Jul 18, 2024 | $0.98394 | Jul 19, 2024 |
| Dec 8, 2023 | $0.79095 | Dec 11, 2023 |
| Jul 20, 2023 | $0.09563 | Jul 21, 2023 |
| Jul 15, 2021 | $0.14284 | Jul 16, 2021 |