BlackRock Global Equity Absolute Return Fund
Data updated: 2025-06-13
C000232953 — BlackRock Global Equity Absolute Return Fund. Hedge-Fund Replication · $10.48M AUM. Holdings, fees, performance and SEC filings.
C000232953 Fund Overview
BlackRock Global Equity Absolute Return Fund is a US mutual fund managed by Blackrock Funds, categorised as Hedge-Fund Replication. 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: Hedge-Fund Replication
- Assets under management: $10.48M
- 1-year return: 3.7%
- SEC CIK: 0000844779
- SEC series ID: S000074773
- Share class ID: C000232953
C000232953 Investment Objective and Strategy
BlackRock Global Equity Absolute Return 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 Global Equity Absolute Return Fund ( Global Equity Absolute Return or the Fund), a series of BlackRock Funds SM (the Trust), is to seek total return over the long-term.
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 equity securities and derivatives with similar economic characteristics. Equity securities include, but are not limited to, common stock, preferred stock, convertible securities and depositary receipts. The Fund may invest in equity securities of issuers located throughout the world, including non-dollar denominated securities and securities of emerging market issuers. The Fund may invest in issuers of any market capitalization, including small- to mid-capitalization companies. Under normal circumstances, the Fund anticipates it will allocate a substantial amount (approximately 40% or more unless market conditions are not deemed favorable by Fund management, in which case the Fund would invest at least 30%) of its total assets in foreign securities (or derivatives with similar economic characteristics), which may include securities (i) of foreign government issuers, (ii) of issuers organized or located outside the United States, (iii) of issuers which primarily trade in a market located outside the United States, or (iv) of issuers doing a substantial amount of business outside the United States, which the Fund considers to be companies that derive at least 50% of their revenue or profits from business outside the United States or have at least 50% of their sales or assets outside the United States.
The Fund will allocate its assets among various regions and countries, including the United States (but in no fewer than three different countries). From time to time, the Fund may invest a substantial amount of its assets in issuers located in a single country or a limited number of countries. 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. The use of options, futures, swaps and forward contracts can be effective in protecting or enhancing the value of the Funds assets. The Fund may also pursue its investment objective by taking short positions in a variety of equity instruments. The use of both long and short positions better enables the Fund to seek to produce returns that have low correlation to those available by investing in the market as a whole. A long position arises where the Fund holds a security in its portfolio or maintains a position through a derivative instrument that provides economic exposure similar to direct ownership of the security. The Fund will have a short position where it sells a security it does not own by delivery of a borrowed security or has entered into a derivative instrument that provides economic exposure similar to a short sale of the security.
The Fund takes long positions primarily in securities that BlackRock has identified as attractive and short positions in such securities that BlackRock has identified as overvalued or poised for underperformance. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the Investment Company Act).
C000232953 Holdings
Top 1 holdings of BlackRock Global Equity Absolute Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BlackRock Liquidity Funds T-Fund | 98.85% |
C000232953 Portfolio Allocation
Asset-class allocation of BlackRock Global Equity Absolute Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 98.9% |
C000232953 Performance
Total returns for C000232953 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.7% |
| 3 years (annualised) | 4.1% |
C000232953 Risk Information
Risk metrics for C000232953, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
C000232953 Costs and Fees
C000232953 costs about $223 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.23%
- Gross expense ratio: 5.87%
- Portfolio turnover: 84%
- Brokerage commissions: 6.60 bps of average net assets (SEC N-CEN)
C000232953 Cashflows
Over the 12 months to 2025-03, BlackRock Global Equity Absolute Return Fund had net inflows of $16.15K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-03 | $0 |
| 2025-02 | −$2.45K |
| 2025-01 | $832 |
| 2024-12 | $86 |
| 2024-11 | $0 |
| 2024-10 | −$4.97K |
C000232953 Debt Constituents
No individual debt constituents are reported in BlackRock Global Equity Absolute Return Fund's latest SEC N-PORT filing.
C000232953 Prospectus and SEC Filings
Official BlackRock Global Equity Absolute Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-19
- Prospectus (485BPOS) — filed 2023-07-26
- Prospectus supplement (497) — filed 2024-08-01
- Portfolio holdings (N-PORT) — filed 2025-05-27
- Portfolio holdings (N-PORT) — filed 2025-02-26
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Annual census (N-CEN) — filed 2025-06-13
- Annual census (N-CEN) — filed 2024-06-13
Related Funds
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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.