BlackRock U.S. Insights Long/Short Equity Fund
Data updated: 2026-01-26
C000242845 — BlackRock U.S. Insights Long/Short Equity Fund. Ultra-Short Treasury / Sovereign Bond · $13.01M AUM. Holdings, fees, performance and SEC filings.
C000242845 Fund Overview
BlackRock U.S. Insights Long/Short Equity Fund is a US mutual fund managed by Blackrock Funds, categorised as Ultra-Short Treasury / Sovereign Bond. 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: Ultra-Short Treasury / Sovereign Bond
- Assets under management: $13.01M
- 1-year return: 10.2%
- SEC CIK: 0000844779
- SEC series ID: S000080441
- Share class ID: C000242845
C000242845 Investment Objective and Strategy
BlackRock U.S. Insights Long/Short Equity 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 U.S. Insights Long/Short Equity Fund (the Fund), a series of BlackRock Funds SM (the Trust ), is to seek total return over the long-term.
Principal investment strategy
The Fund seeks total return over the long term while pursuing a defensive investment style, by seeking to provide downside protection with upside potential through active stock selection, risk management and diversification. The Fund will also have a dynamic market exposure which Fund management will adjust within a pre-determined range, based on the market environment to maximize total return. Under normal circumstances, the Fund invests 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 with similar economic characteristics. Investments in derivatives are counted toward the Funds 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities.
For purposes of the Funds 80% policy, securities are considered to be those of U.S. issuers where: (i) the company is domiciled in the U.S., (ii) the company is listed on a U.S. stock exchange, (iii) the companys principal operations are conducted in the U.S. or the company does a substantial amount of business in the U.S. or (iv) the issuer of securities is included in the Funds primary U.S. benchmark. Such equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. The Fund may also purchase convertible securities. The Fund may invest in issuers of any market capitalization, including small- to mid-capitalization companies. The Fund may invest up to 20% of its assets in equity securities of non-U.S. issuers, including non-dollar denominated securities and securities of emerging market issuers.
The Fund will 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 invest in indexed and inverse securities. The Fund will 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), which means that it can invest more of its assets in fewer issuers than a diversified company. The Fund may engage in active and frequent trading of portfolio securities to seek to achieve its investment objective.
C000242845 Holdings
Top 10 holdings of BlackRock U.S. Insights Long/Short Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 92.53% |
| Hsbc Bank PLC | 0.83% |
| Merrill Lynch International | 0.70% |
| Alliance Laundry Holdings Inc | 0.32% |
| Goldman Sachs Bank USA | 0.31% |
| Beta Technologies Inc | 0.26% |
| Navan Inc | 0.20% |
| WaterBridge Infrastructure LLC | 0.17% |
| Netskope Inc | 0.11% |
| Figure Technology Solutions In | 0.10% |
C000242845 Portfolio Allocation
Asset-class allocation of BlackRock U.S. Insights Long/Short Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 92.5% |
| Derivatives | 1.8% |
| Equity | 1.4% |
C000242845 Performance
Total returns for C000242845 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.2% |
| 3 years (annualised) | 10.5% |
C000242845 Risk Information
Risk metrics for C000242845, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.1%
C000242845 Costs and Fees
C000242845 costs about $161 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.61%
- Gross expense ratio: 4.06%
- Portfolio turnover: 313%
- Brokerage commissions: 7.04 bps of average net assets (SEC N-CEN)
C000242845 Cashflows
Over the 12 months to 2025-11, BlackRock U.S. Insights Long/Short Equity Fund had net outflows of $32.32K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-11 | $0 |
| 2025-10 | −$50 |
| 2025-09 | −$9.91K |
| 2025-08 | −$11.71K |
| 2025-07 | $7.17K |
| 2025-06 | −$7.00K |
C000242845 Debt Constituents
Largest debt holdings of BlackRock U.S. Insights Long/Short Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 92.53% |
C000242845 Prospectus and SEC Filings
Official BlackRock U.S. Insights Long/Short Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-09-23
- Prospectus (485BPOS) — filed 2024-09-27
- Prospectus (485BPOS) — filed 2023-06-07
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Portfolio holdings (N-PORT) — filed 2025-10-27
- Portfolio holdings (N-PORT) — filed 2025-07-24
- Annual census (N-CEN) — filed 2025-08-11
- Annual census (N-CEN) — filed 2024-08-08
Related Funds
Other Ultra-Short Treasury / Sovereign Bond 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.