BlackRock Defensive Advantage International Fund
Data updated: 2023-12-27
C000223504 — BlackRock Defensive Advantage International Fund. Developed ex-US Value Equity · $9.54M AUM. Holdings, fees, performance and SEC filings.
C000223504 Fund Overview
BlackRock Defensive Advantage International Fund is a US mutual fund managed by Blackrock Funds, categorised as Developed ex-US 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: Developed ex-US Value Equity
- Assets under management: $9.54M
- 1-year return: 12.0%
- SEC CIK: 0000844779
- SEC series ID: S000070273
- Share class ID: C000223504
C000223504 Investment Objective and Strategy
BlackRock Defensive 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 Defensive Advantage International 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 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. As of July 31, 2023, the issuers in the MSCI EAFE Index have a market capitalization ranging from $1.4 billion to $399.1 billion. 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 (including, but not limited to, total return swaps, some of which 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 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 (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference) and forward contracts can be effective in protecting or enhancing the value of the Funds assets.
C000223504 Performance
Total returns for C000223504 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.0% |
| 3 years (annualised) | 1.0% |
C000223504 Risk Information
Risk metrics for C000223504, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.6%
C000223504 Costs and Fees
C000223504 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 2.91%
- Portfolio turnover: 178%
- Brokerage commissions: 7.59 bps of average net assets (SEC N-CEN)
C000223504 Cashflows
Over the 12 months to 2023-10, BlackRock Defensive Advantage International Fund had net inflows of $9.61K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-10 | $200 |
| 2023-09 | $200 |
| 2023-08 | $200 |
| 2023-07 | $231 |
| 2023-06 | $200 |
| 2023-05 | $4.94K |
C000223504 Debt Constituents
No individual debt constituents are reported in BlackRock Defensive Advantage International Fund's latest SEC N-PORT filing.
C000223504 Prospectus and SEC Filings
Official BlackRock Defensive Advantage International 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 Developed ex-US 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.