BlackRock Global Equity Market Neutral Fund A Shares (BDMAX)

Fund Assets	14.26B
Expense Ratio	1.59%
Min. Investment	$1,000
Turnover	113.00%
Dividend (ttm)	1.36
Dividend Yield	9.05%
Dividend Growth	-5.88%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 22, 2026

Previous Close	14.98
YTD Return	13.25%
1-Year Return	21.05%
5-Year Return	88.12%
52-Week Low	13.88
52-Week High	16.12
Beta (5Y)	0.07
Holdings	3871
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.

• Fund Family: BlackRock
• Category: Equity Market Neutral
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: BDMAX
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

BDMAX had a total return of 21.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.66%.

Top 10 Holdings

64.45% of assets

Name	Symbol	Weight
E-mini S&P 500 Future Sept 25	n/a	9.22%
United States Treasury Bills	B.0 07.10.25	8.18%
United States Treasury Bills	B.0 07.17.25	7.68%
United States Treasury Bills	B.0 07.24.25	6.78%
EUR - Spendable Cash	n/a	6.40%
United States Treasury Bills	B.0 07.15.25	6.15%
United States Treasury Bills	B.0 07.03.25	6.13%
United States Treasury Bills	B.0 07.08.25	4.82%
United States Treasury Bills	B.0 07.01.25	4.76%
United States Treasury Bills	B.0 07.29.25	4.33%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 22, 2026	$1.14831	Jul 23, 2026
Dec 9, 2025	$0.5761	Dec 10, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 26, 2026

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