Summary
BlackRock Global Equity Market Neutral Fund is a mutual fund run by BlackRock. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 4,684. The ten largest make up 111% of the fund.
- Yearly costs
- 1.34%
- Fund size
- $17.0B
- Positions
- 4,684
- Dividend yield
- 7.25%
- Running since
- 2012
What speaks for it
- A large fund with $17.0B under management.
- It has been running since 2012.
What to watch
- The ten largest positions make up 111% of the fund, so its result rests on a few names.
- Costs of 1.34% a year are above the middle of comparable funds (0.40%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.2%
- 3 months
- +4.2%
- This year
- +9.5%
- 1 year
- +10%
- 3 years
- +24%
- 5 years
- +38%
- 10 years
- +51%
- Avg. market cap
- $140.3B
- P/E
- 16.1x
- Forward P/E
- 13.7x
- P/S
- 1.5x
- P/B
- 2.3x
- P/FCF
- 12.5x
- EV/EBITDA
- 9.7x
- Dividend yield
- 2.20%
- ROIC
- 10.7%
- ROE
- 20.4%
- Gross margin
- 36.6%
- Operating margin
- 18.6%
- Net margin
- 13.0%
- Payout ratio
- 35.4%
- Net debt/EBITDA
- 1.6x
- Beta
- 0.06
Weighted average of the 50 largest companies, which make up 51% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 TREASURY BILL 94%
- 2 TREASURY FLOATING RATE NOTE 2.6%
- 3 TREASURY NOTE 2.3%
- 4 AXAXA S.A. AXAHY 1.8%
- 5 CHF CASH 1.8%
- 6 ABABB Ltd ABBN.SW 1.8%
- 7 80ITOCHU Corporation 8001.T 1.6%
- 8 DKK CASH 1.5%
- 9 ISIntesa Sanpaolo S.p.A. ISP.MI 1.5%
- 10 50ENEOS Holdings, Inc. 5020.T 1.5%
Positions in the fund: 4,684. The ten largest make up 111% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy country
- Germany 3.4%
- France 3.1%
- Italy 3.1%
- Canada 1.6%
- Other countries 109%
By company size
- Mega cap 5.6%
- Large cap 70%
- Mid cap 22%
- Small cap 2.9%
- Micro cap 0.1%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: Germany (3.4%). Largest size group: Large cap (70%).
What does it cost me?
Expensive- A year from $10,000
- $134
- Over 20 years
- $6,011
From every $10,000 invested the fund takes $134 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $6,011.
How has it done?
Growing slowly- A year on average, 10 years
- +4.2%
- Deepest drop
- -9.1%
- Yearly volatility
- 11%
Average yearly growth over the last ten years: 4.2%. Deepest drop in these years: 9.1% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 7.25%
- Last payment
- $1.16
Over the last 12 months it paid $1.16 per share, which is 7.25% of today's price. The last payment was $1.16 on Jul 22, 2026.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 16.1
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 29%
- Fairly valued 7.7%
- Overvalued 63%
On average the companies inside trade for 16.1 times their yearly profit. By Fair Price, 63% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 51% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IA IALT iShares Systematic Alternatives Active ETF | United States | 0.99% | $97.9M | - | Pays out | 46% |
NS NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF | Ireland | 0.19% | $219.4M | +25% | Reinvests | 23% |
N4 N400.MI Invesco JPX-Nikkei 400 UCITS ETF | Ireland | 0.19% | $218.8M | +25% | Reinvests | 23% |
SM SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | Ireland | 0.19% | $219.0M | +25% | Reinvests | 23% |
JP JPXN iShares JPX-Nikkei 400 ETF | United States | 0.48% | $138.3M | +17% | Pays out | 23% |
13 1364.T iShares JPX-Nikkei 400 ETF | Japan | 0.05% | $3.88B | +23% | Pays out | 23% |