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BlackRock Event Driven Equity Inv A BALPX

Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.48  /  −0.32 %
  • Total Assets 5.0 Bil
  • Adj. Expense Ratio
    1.510%
  • Expense Ratio 1.510%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Event Driven
  • Alt Style Correlation / Relative Volatility High/Low
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.93%
  • Turnover 33%

USD | NAV as of Jun 14, 2024 | 1-Day Return as of Jun 14, 2024, 10:29 PM GMT+0

Morningstar’s Analysis BALPX

Will BALPX outperform in future?

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BlackRock Event Driven Sleeve Manager Departs; Ratings Unchanged

null Adam Millson

Adam Millson

Analyst Note

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.

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Portfolio Holdings BALPX

  • 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