Equity

BALSX

U.S. Insights Long/Short Equity Fund

  • NAV as of Nov 13, 2024 $9.77
    52 WK: 9.53 - 11.42
  • 1 Day NAV Change as of Nov 13, 2024 0.05 (0.51%)
  • NAV Total Return as of Nov 13, 2024 YTD: 5.36%

Overview

An alternative approach to traditional equity investing

The US Insights Long Short Equity Fund is a daily liquid long short alternative fund seeking total return through a defensive investment style.

Collective Insights

Conviction equity views derived from best-in-class fundamental research and systematic implementation.

Expanded Opportunity Set

Equity insights applied across both long and short opportunities within US Large Cap stocks.

Dynamic Market Exposure

Net market exposure is dynamically managed to enhance diversification.

About the Fund
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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 12.74 - - - 13.54
Return w/ Sales Charge (%) 6.83 - - - 8.92
Benchmark (%) 20.18 - - - 15.34
Morningstar Category Avg. (%) 19.48 - - - -
Morningstar Ranking 109/147 - - - -
Morningstar Quartile 4 - - - -
Lipper Ranking 120/180 - - - -
Lipper Quartile 3 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 4.39 -1.02 -4.55 12.74 - - - 17.93
Return w/ Sales Charge (%) -1.09 -6.22 -9.56 6.83 - - - 11.74
Benchmark (%) 12.82 1.28 3.61 20.18 - - - 20.34
Morningstar Category Avg. (%) 12.12 0.86 3.55 19.48 - - - -
  2019 2020 2021 2022 2023
Total Return (%) - - - - -
Annual w/ Sales Charge (%) - - - - -
Benchmark (%) - - - - -
Morningstar Category Avg. (%) - - - - -

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 13, 2024
$12.2 M
Share Class launch date
Jun 13, 2023
Benchmark Index
50/50 S&P500 and ICE BofA 3 Month Treasury Bill Index
Morningstar Category
Long-Short Equity
CUSIP
09260J559
Open to New Investors
No
Size of Class (Millions)
as of Nov 13, 2024
$0.3 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Alt Long/Short Equity
Max Offer Price
as of Nov 13, 2024
$10.31
Turnover Percent in the Annual Report
-

Portfolio Characteristics

Portfolio Characteristics

P/E Ratio - Long
as of Oct 31, 2024
0.00
P/E Ratio - Short
as of Oct 31, 2024
17.44
R-Squared (3y)
as of -
-
Market Cap - Short (Millions)
as of Oct 31, 2024
$ 73,297.6 M
Beta (3y)
as of -
-
Number of Holdings (Short)
as of Oct 31, 2024
105
P/B Ratio
as of Oct 31, 2024
3.67
Alpha (3y)
as of -
-
Market Cap - Long (Millions)
as of Oct 31, 2024
$ 0.0 M
Fund Standard Deviation (3y)
as of -
-
Number of Holdings (Long)
as of Oct 31, 2024
121
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.

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 3.14%
Net Expense Ratio 1.83%

Net Expense Ratio excluding Investment Related Expenses is 1.83%

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

Ratings

Ratings

Holdings

Holdings

Name Market Value Weight (%) Shares
as of Oct 31, 2024
Issuer Weight (%)
MICROSOFT CORPORATION 7.17
ALPHABET INC 5.71
APPLE INC 4.92
NVIDIA CORPORATION 4.79
THERMO FISHER SCIENTIFIC INC 4.73
Issuer Weight (%)
AMAZON.COM INC 4.56
HESS CORP 4.51
COMCAST CORPORATION 4.22
INTERCONTINENTAL EXCHANGE INC 3.86
SUNCOR ENERGY INC 3.84
as of Oct 31, 2024
Name Fund Weight (%)
SOUTHERN COMPANY (THE) -3.75
LINDE PLC -3.47
INTERNATIONAL BUSINESS MACHINES CORP -3.45
THOMSON REUTERS CORPORATION -3.36
CHARLES RIVER LABORATORIES INTERNATIONAL INC -3.16
Name Fund Weight (%)
EXXON MOBIL CORP -3.16
WESTERN ALLIANCE BANCORP -3.15
F5 INC -3.03
FIRSTENERGY CORPORATION -2.90
COSTAR GROUP INC -2.88
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

William Su
William Su
Caroline Bottinelli
Caroline Bottinelli
Managing Director

  

Read More

Caroline (Anastasi) Bottinelli, Managing Director, is a member of the Fundamental Equity division of BlackRock's Alpha Strategies Group. She is a co-portfolio manager of the BlackRock Large Cap Growth and Mid-Cap Growth funds. She is also a research analyst for the US Growth team.

 

Prior to joining BlackRock in 2016, Ms. Bottinelli completed her Masters of Business Administration degree at Harvard University. Ms. Bottinelli began her investment career as an Equity Research Associate at J.P. Morgan, focusing on the media and entertainment industry. Ms. Bottinelli holds a Bachelor of Science degree in Operations Research and Financial Engineering from Princeton University.

Travis Cooke
Travis Cooke
Managing Director, Systematic Equities
Read More

Travis Cooke, CFA, Managing Director, is Head of North American strategies within BlackRock’s Systematic investment team. In his current role, Mr. Cooke is responsible for US and Canadian long-only and long-short strategies for retail and institutional clients. Mr. Cooke's service with the firm dates back to 1999, including his years with Barclays Global Investors, where he managed US strategies within the Alpha Strategies Group.

 

Mr. Cooke holds undergraduate degree in Economics from the University of California at Santa Barbara, an MSc in finance from London Business School, and has been a CFA charter holder since 2001.

Linus Franngard
Linus Franngard
BlackRock Systematic Active Equity Investment Team

  

Read More

Linus Franngard, Managing Director, is a member of BlackRock's Systematic Active Equity Portfolio Management Group. Mr. Franngard's service with the firm dates back to 2006, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was responsible for equity research. Mr. Franngard earned an MSc degree in industrial management and engineering and a BSc in economics from Lund University in Sweden.

Simon McGeough
Simon McGeough
Portfolio Manager

Literature

Literature

 

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USR-9694