BlackRock Event Driven's Chris Murphy, who oversaw the strategy's credit sleeve, departed BlackRock on April 1, 2024. Murphy joined the firm in 2014 and began supporting this strategy as a sleeve manager in May 2015, the same time as its two other sleeve managers and the fund’s lead and only named manager, Mark McKenna. Ben Brill and Nathan Gordon, experienced managers overseeing the hard and soft catalyst sleeves, respectively, will take over guiding the credit research process in Murphy's place. A seven-person research team provides support across the spectrum of corporate events.
BlackRock Event Driven Equity Instl BILPX
- NAV / 1-Day Return 9.97 / 0.00
- Total Assets 5.0 Bil
-
Adj. Expense Ratio
1.270%
- Expense Ratio 1.270%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Event Driven
- Alt Style Correlation / Relative Volatility High/Low
- Min. Initial Investment 2.0 Mil
- Status Open
- TTM Yield 1.98%
- Turnover 33%
USD | NAV as of Jun 17, 2024 | 1-Day Return as of Jun 17, 2024, 10:13 PM GMT+0
Morningstar’s Analysis BILPX
Will BILPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 4.7
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
BlackRock Liquidity T-Fund Instl | 62.77 | 3.4 Bil | Cash and Equivalents |
Pioneer Natural Resources Co | 6.52 | 351.6 Mil | Energy |
Hess Corp | 4.01 | 216.3 Mil | Energy |
iShares iBoxx $ High Yield Corp Bd ETF | 3.69 | 199.1 Mil | — |
SPDR® Blmbg High Yield Bd ETF | 2.91 | 157.0 Mil | — |
Howmet Aerospace Inc | 2.91 | 156.8 Mil | Industrials |
Catalent Inc | 2.61 | 141.0 Mil | Healthcare |
Shockwave Medical Inc | 2.39 | 128.7 Mil | Healthcare |
United States Steel Corp | 2.13 | 115.1 Mil | Basic Materials |
Apartment Income REIT Corp Class A | 1.82 | 98.1 Mil | Real Estate |