BlackRock Defensive Advantage U.S. Fund
Data updated: 2023-12-27
C000223501 — BlackRock Defensive Advantage U.S. Fund. United States Large Cap Value Equity · $6.16M AUM. Holdings, fees, performance and SEC filings.
C000223501 Fund Overview
BlackRock Defensive Advantage U.S. Fund is a US mutual fund managed by Blackrock Funds, categorised as United States Large Cap Value 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: United States Large Cap Value Equity
- Assets under management: $6.16M
- 1-year return: 4.2%
- SEC CIK: 0000844779
- SEC series ID: S000070272
- Share class ID: C000223501
C000223501 Investment Objective and Strategy
BlackRock Defensive Advantage U.S. 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 Defensive Advantage U.S. Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek to provide long-term capital appreciation.
Principal investment strategy
The Fund pursues a defensive investment style, seeking to provide downside protection with upside potential through active stock selection, risk management and diversification. The Fund seeks to pursue its investment objective by investing in securities in a disciplined manner, by using proprietary return forecast models that incorporate quantitative analysis. These forecast models are designed to prioritize insights that demonstrate downside protection as well as identify aspects of mispricing across stocks which the Funds can seek to capture by over- and under-weighting particular equity securities while seeking to control incremental risk. 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 equity securities of U.S.
issuers and derivatives that have similar economic characteristics to such securities. The Fund primarily intends to invest in equity securities or other financial instruments that are components of, or have characteristics similar to, the securities included in the Russell 1000 Index. The Russell 1000 Index is a capitalization-weighted index of equity securities from a broad range of industries chosen for market size, liquidity and industry group representation. As of July 31, 2023, the issuers in the Russell 1000 Index have a market capitalization ranging from $1.3 billion to $3.1 trillion. The Fund may invest in issuers of any market capitalization. The equity securities in which the Fund invests primarily consist of common stock, but may also include 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 may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps that may be referred to as contracts for difference) and forward contracts, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in 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 Russell 1000 Index.
The Fund may engage in active and frequent trading of portfolio securities to seek to achieve its primary investment strategies.
C000223501 Performance
Total returns for C000223501 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.2% |
| 3 years (annualised) | 3.9% |
C000223501 Risk Information
Risk metrics for C000223501, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.2%
C000223501 Costs and Fees
C000223501 costs about $43 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.43%
- Gross expense ratio: 3.65%
- Portfolio turnover: 132%
- Brokerage commissions: 2.45 bps of average net assets (SEC N-CEN)
C000223501 Cashflows
Over the 12 months to 2023-10, BlackRock Defensive Advantage U.S. Fund had net inflows of $296.46K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-10 | $47.19K |
| 2023-09 | $80.21K |
| 2023-08 | $17.90K |
| 2023-07 | −$6.09K |
| 2023-06 | $13.47K |
| 2023-05 | $2.80K |
C000223501 Debt Constituents
No individual debt constituents are reported in BlackRock Defensive Advantage U.S. Fund's latest SEC N-PORT filing.
C000223501 Prospectus and SEC Filings
Official BlackRock Defensive Advantage U.S. Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-08-25
- Prospectus (485BPOS) — filed 2021-08-26
- Prospectus supplement (497) — filed 2023-08-31
- Portfolio holdings (N-PORT) — filed 2023-12-27
- Portfolio holdings (N-PORT) — filed 2023-09-26
- Portfolio holdings (N-PORT) — filed 2023-06-27
- Annual census (N-CEN) — filed 2023-07-12
- Annual census (N-CEN) — filed 2022-07-12
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
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.