BlackRock Advantage International Fund

C000023030 Fund Overview

BlackRock Advantage International Fund is a US mutual fund managed by Blackrock Funds, categorised as Europe Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Blackrock Funds
• Category: Europe Multi-Cap / All-Cap Blend / Core Equity
• Assets under management: $8.69B
• 1-year return: 23.1%
• SEC CIK: 0000844779
• SEC series ID: S000008399
• Share class ID: C000023030

C000023030 Investment Objective and Strategy

BlackRock Advantage International Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.

Investment objective

The investment objective of BlackRock Advantage International Fund (formerly known as BlackRock Global Opportunities Portfolio) (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to provide long-term capital appreciation.

Principal investment strategy

Under normal circumstances, the Fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in non-U.S. equity securities and equity-like instruments of companies that are components of, or have characteristics similar to, the companies included in the MSCI EAFE Index (the MSCI EAFE Index) and derivatives that are tied economically to securities of the MSCI EAFE Index. The MSCI EAFE Index is a capitalization-weighted index from a broad range of industries chosen for market size, liquidity and industry group representation. Equity securities include common stock, preferred stock and convertible securities. The Fund primarily seeks to buy common stock and may also invest in preferred stock and convertible securities. From time to time, the Fund may invest in shares of companies through new issues or initial public offerings (IPOs).

The Fund will invest in securities of non-U.S. issuers that can be U.S. dollar based or non-U.S. dollar based on a hedged or unhedged basis. The Fund may enter into currency transactions on a hedged or unhedged basis in order to seek total return. The Fund may use derivatives, including options, futures, swaps, forward contracts and contracts for difference, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. In order to manage cash flows into or out of the Fund effectively, the Fund may buy and sell financial futures contracts or options on such contracts. Derivatives are financial instruments whose value is derived from another security, a currency or an index, including but not limited to the MSCI EAFE Index.

The use of options, futures, swaps, forward contracts and contracts for difference can be effective in protecting or enhancing the value of the Funds assets. The Fund may seek to provide exposure to the investment returns of real assets that trade in the commodity markets through investment in commodity-linked derivative instruments and investment vehicles such as exchange-traded funds that invest exclusively in commodities and are designed to provide this exposure without direct investment in physical commodities.

C000023030 Holdings

Top 10 holdings of BlackRock Advantage International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000023030 holdings

C000023030 Portfolio Allocation

Asset-class allocation of BlackRock Advantage International Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000023030 Performance

Total returns for C000023030 (as of 2026-10-01), from SEC filings.

C000023030 Risk Information

Risk metrics for C000023030, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 13.0%

C000023030 Costs and Fees

C000023030 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.89%
• Portfolio turnover: 99%
• Brokerage commissions: 4.82 bps of average net assets (SEC N-CEN)

C000023030 Cashflows

Over the 12 months to 2026-05, BlackRock Advantage International Fund had net inflows of $2.81B, from monthly SEC N-PORT filings.

C000023030 Debt Constituents

No individual debt constituents are reported in BlackRock Advantage International Fund's latest SEC N-PORT filing.

C000023030 Prospectus and SEC Filings

Official BlackRock Advantage International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-24
• Prospectus (485BPOS) — filed 2025-09-25
• Prospectus (485BPOS) — filed 2024-09-26
• Portfolio holdings (N-PORT) — filed 2026-07-27
• Portfolio holdings (N-PORT) — filed 2026-04-24
• Portfolio holdings (N-PORT) — filed 2026-01-26
• Annual census (N-CEN) — filed 2026-08-13
• Annual census (N-CEN) — filed 2025-08-11

Related Funds

Other Europe Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:

• Bridge Builder International Equity Fund (BBIEX)
• Six Circles International Unconstrained Equity Fund (CIUEX)
• Fidelity Diversified International Fund (FDIVX)
• iShares MSCI Eurozone ETF (EZU)
• Fidelity Diversified International K6 Fund (FKIDX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.