BlackRock Global Equity Market Neutral Fund Institutional Shares (BDMIX)
| Fund Assets | 5.80B |
| Expense Ratio | 1.35% |
| Min. Investment | $2,000,000 |
| Turnover | 44.00% |
| Dividend (ttm) | 1.51 |
| Dividend Yield | 11.00% |
| Dividend Growth | -15.83% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jul 17, 2025 |
| Previous Close | 13.74 |
| YTD Return | 2.00% |
| 1-Year Return | 4.61% |
| 5-Year Return | 45.30% |
| 52-Week Low | 13.43 |
| 52-Week High | 14.77 |
| Beta (5Y) | n/a |
| Holdings | 4464 |
| Inception Date | Dec 20, 2012 |
About BDMIX
The BlackRock Global Equity Market Neutral Fund is an alternative mutual fund designed to provide true diversification and consistent returns by employing a market-neutral equity strategy. Its primary function is to generate returns independent of broad equity market movements by simultaneously taking long and short positions in equities and related derivatives, focusing on equities from developed markets. The fund utilizes a sophisticated, quantitative research process, leveraging BlackRock’s team of researchers and advanced technologies—such as machine learning and big data analysis—to systematically identify overvalued and undervalued stocks through proprietary signals and ranking methodologies. With an average net market exposure of less than 10% since inception, the strategy seeks to minimize sensitivity to directional market risk while maintaining a diversified profile, often involving thousands of holdings on both sides of the portfolio. Managed by BlackRock’s well-regarded systematic active equity team, the fund’s robust and adaptive investment process is notable for its ability to rapidly incorporate new data and market themes, aiming for a consistent, differentiated return stream compared to traditional equity funds. This fund does not follow a sustainable or ESG mandate and is structured primarily for institutional investors seeking diversification within multi-asset portfolios.
Performance
BDMIX had a total return of 4.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.22%.
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 | $0.70834 | Jul 18, 2025 |
| Dec 10, 2024 | $0.80369 | Dec 11, 2024 |
| Jul 18, 2024 | $0.98603 | Jul 19, 2024 |
| Dec 8, 2023 | $0.81036 | Dec 11, 2023 |
| Jul 20, 2023 | $0.12731 | Jul 21, 2023 |
| Jul 15, 2021 | $0.14284 | Jul 16, 2021 |