Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
1.29% 4.733B -- 81.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-365.23M 6.79% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks long-term capital growth. Under normal market conditions, the Fund seeks to achieve its investment objective by employing an event driven strategy, primarily investing in companies that have announced a material change or in companies that BlackRock expects to undergo a material change.
General
Security Type Mutual Fund
Broad Asset Class Alternative
Broad Category Alternative Strategies
Global Peer Group Alternative Event Driven
Peer Group Alternative Event Driven Funds
Global Macro Alternative Equity
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Event Driven Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%

View Basic Info
Start Trial

Net Fund Flows Versus Peer Group

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 99
-187.64M Peer Group Low
48.69M Peer Group High
1 Year
% Rank: 99
-365.23M
-365.23M Peer Group Low
312.54M Peer Group High
3 Months
% Rank: 99
-183.72M Peer Group Low
114.19M Peer Group High
3 Years
% Rank: 99
-4.286B Peer Group Low
273.12M Peer Group High
6 Months
% Rank: 28
-44.43M Peer Group Low
273.12M Peer Group High
5 Years
% Rank: 99
-2.226B Peer Group Low
941.02M Peer Group High
YTD
% Rank: 99
-313.83M Peer Group Low
294.73M Peer Group High
10 Years
% Rank: 4
-3.709B Peer Group Low
3.290B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
View Performance Versus Peer Group
Start Trial

Annual Total Returns Versus Peers

Loading chart...
Name
2018
2019
2020
2021
2022
2023
2024
YTD
5.48%
7.29%
6.30%
1.94%
0.01%
5.37%
2.19%
7.53%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
17.49%
21.69%
7.98%
6.32%
5.15%
0.10%
1.01%
4.51%
3.54%
8.10%
6.48%
7.34%
8.74%
5.32%
2.70%
6.75%
6.06%
6.07%
4.11%
4.27%
4.00%
5.43%
2.50%
3.30%
5.51%
5.78%
--
--
--
--
--
4.11%
-1.85%
9.43%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 4.18%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 10
Stock
Weighted Average PE Ratio 35.20
Weighted Average Price to Sales Ratio 3.793
Weighted Average Price to Book Ratio 5.065
Weighted Median ROE 10.12%
Weighted Median ROA 3.15%
ROI (TTM) 4.36%
Return on Investment (TTM) 4.36%
Earning Yield 0.0362
LT Debt / Shareholders Equity 0.8974
Number of Equity Holdings 6
Bond
Yield to Maturity (5-31-25) 6.54%
Effective Duration --
Average Coupon 6.83%
Calculated Average Quality 5.695
Effective Maturity 3.827
Nominal Maturity 4.289
Number of Bond Holdings 0
As of May 31, 2025

Growth Metrics

EPS Growth (1Y) 21.15%
EPS Growth (3Y) 11.60%
EPS Growth (5Y) 11.95%
Sales Growth (1Y) 8.66%
Sales Growth (3Y) 6.87%
Sales Growth (5Y) 10.04%
Sales per Share Growth (1Y) 41.97%
Sales per Share Growth (3Y) 7.09%
Operating Cash Flow - Growth Rate (3Y) 16.06%
As of May 31, 2025

Fund Details

Key Dates
Inception Date 12/19/2007
Last Annual Report Date 5/31/2025
Last Prospectus Date 9/26/2025
Share Classes
BALPX A
BCLPX C
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Asset Allocation

As of May 31, 2025.
Type % Net
Cash 27.56%
Stock 34.40%
Bond 39.33%
Convertible 0.00%
Preferred 0.63%
Other -1.92%
View Asset Allocation
Start Trial

Top 10 Holdings

Name % Weight Price % Change
BlackRock Liquidity T-Fund Institutional 35.01% 1.00 0.00%
USD CASH
17.64% -- --
CyberArk Software Ltd. 6.50% 478.64 1.58%
Kellanova 5.19% 83.13 -0.02%
Norfolk Southern Corp. 4.33% 294.19 -0.32%
iShares iBoxx $ High Yield Corporate Bond ETF 4.32% 80.74 -0.01%
Chart Industries, Inc. 4.18% 205.10 -0.00%
Frontier Communications Parent, Inc. 4.07% 37.96 -0.08%
State Street SPDR Bloomberg High Yield Bond ETF 3.35% 97.30 0.01%
Spectris Plc 2.53% 52.01 0.00%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 1.05%
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 2.00M None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks long-term capital growth. Under normal market conditions, the Fund seeks to achieve its investment objective by employing an event driven strategy, primarily investing in companies that have announced a material change or in companies that BlackRock expects to undergo a material change.
General
Security Type Mutual Fund
Broad Asset Class Alternative
Broad Category Alternative Strategies
Global Peer Group Alternative Event Driven
Peer Group Alternative Event Driven Funds
Global Macro Alternative Equity
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Event Driven Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%

View Basic Info
Start Trial

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 4.18%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 10
Stock
Weighted Average PE Ratio 35.20
Weighted Average Price to Sales Ratio 3.793
Weighted Average Price to Book Ratio 5.065
Weighted Median ROE 10.12%
Weighted Median ROA 3.15%
ROI (TTM) 4.36%
Return on Investment (TTM) 4.36%
Earning Yield 0.0362
LT Debt / Shareholders Equity 0.8974
Number of Equity Holdings 6
Bond
Yield to Maturity (5-31-25) 6.54%
Effective Duration --
Average Coupon 6.83%
Calculated Average Quality 5.695
Effective Maturity 3.827
Nominal Maturity 4.289
Number of Bond Holdings 0
As of May 31, 2025

Growth Metrics

EPS Growth (1Y) 21.15%
EPS Growth (3Y) 11.60%
EPS Growth (5Y) 11.95%
Sales Growth (1Y) 8.66%
Sales Growth (3Y) 6.87%
Sales Growth (5Y) 10.04%
Sales per Share Growth (1Y) 41.97%
Sales per Share Growth (3Y) 7.09%
Operating Cash Flow - Growth Rate (3Y) 16.06%
As of May 31, 2025

Fund Details

Key Dates
Inception Date 12/19/2007
Last Annual Report Date 5/31/2025
Last Prospectus Date 9/26/2025
Share Classes
BALPX A
BCLPX C
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
View Top Portfolio Holders
Start Trial

Excel Add-In Codes

Name: =YCI("M:BILPX", "name")
Broad Asset Class: =YCI("M:BILPX", "broad_asset_class")
Broad Category: =YCI("M:BILPX", "broad_category_group")
Prospectus Objective: =YCI("M:BILPX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
View Excel Add-In Codes
Start Trial