Fund Evaluator:
BlackRock Event Driven Equity Inv C (BCLPX)
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Fund Details
BlackRock Event Driven Equity Inv C Overview
BlackRock Event Driven Equity Inv C (BCLPX) is an actively managed Alternative Event Driven fund. BlackRock launched the fund in 2007.
The investment seeks long-term capital growth. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and related derivative instruments with similar economic characteristics. The manager 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.
About BlackRock Event Driven Equity Inv C (BCLPX)
There are 1 members of the management team with an average tenure of 11.24 years: Mark McKenna (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and ICE BofA US 3M Trsy Bill TR USD index with a weighting of 100%. BlackRock Event Driven Equity Inv C has 319 securities in its portfolio. The top 10 holdings constitute 83.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BlackRock Event Driven Equity Inv C is part of the Alternative Strategies global asset class and is within the Alternative fund group. BlackRock Event Driven Equity Inv C has 8.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 38.2%. There is 7.5% allocated to foreign stock, and 0.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 8.3% (7.1% domestic bond, 1.2% foreign bond and 3.0% convertible bond). BlackRock Event Driven Equity Inv C has 42.5% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $329 million average for the Event Driven category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BCLPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BlackRock Event Driven Equity Inv C expense ratio is high compared to funds in the Event Driven category. BlackRock Event Driven Equity Inv C has an expense ratio of 2.27%, which is 18% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BlackRock Event Driven Equity Inv C has a portfolio turnover rate of 81%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 218% for the Event Driven category.
Recently, in the month of July 2026, BlackRock Event Driven Equity Inv C returned 0.3%, which earned it a grade of B, as the Event Driven category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BlackRock Event Driven Equity Inv C has a trailing yield of 0.33%, which is below the 2.23% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BlackRock Event Driven Equity Inv C Grades
Year to date, the fund has returned 2.3%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.3% over the past year (grade of D), 4.8% over the past three years (grade of F) and 2.9% per year over the past five years (grade of F) and 3.9% per year over the past 10 years (grade of C).
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BCLPX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BCLPX Return (NAV) | 0.3% | 1.0% | 4.3% | 4.8% | 2.9% | 3.9% |
| BCLPX Grade | B | A | D | F | F | C |
| +/- Category | 0.3% | 0.3% | -1.7% | -1.5% | -0.9% | -0.4% |
| Event Driven Avg | 0.0% | 0.7% | 6.0% | 6.3% | 3.9% | 4.4% |
| BCLPX Tax Cost Ratio | na | na | 0.9% | 1.0% | 0.8% | 1.0% |
BCLPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BCLPX Return (NAV) | 2.3% | 7.4% | 1.2% | 4.2% | -0.9% | 0.9% | 5.2% | 6.3% | 4.4% | 6.2% | 3.2% |
| BCLPX Grade | C | D | F | D | C | D | D | C | C | B | C |
| +/- Category | -0.0% | -1.4% | -3.0% | -0.6% | 0.7% | -1.5% | -2.5% | -0.8% | 1.3% | 1.6% | 0.4% |
| Event Driven Avg | 2.4% | 8.9% | 4.2% | 4.8% | -1.6% | 2.4% | 7.7% | 7.0% | 3.1% | 4.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 3.1% |
| Total Risk Index: | 0.26 - Low |
| Category Risk Index: | 0.84 - Above Average |
| Category Risk Grade: | D (71% Rank) |
| Beta: | 0.16 |
| R-Squared: | 41% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4759 Mil |
| Fund Total Assets: | $ 15 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 81% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 11.2 years | |||
| Managers (Year): McKenna Mark (2015) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 319 |
| % in Top 10 Holdings: | 83.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.6% |
Portfolio Allocation |
|
| Domestic Stock: | 38.2% |
| Foreign Stock: | 7.5% |
| Preferred Stock: | 0.6% |
| Domestic Bond: | 7.1% |
| Foreign Bond: | 1.2% |
| Convertible Bond: | 3.0% |
| Other: | 0.0% |
| Cash: | 42.5% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | December 19, 2007 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.27% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.92% |
| Share Class: | BlackRock Event Driven Equity Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
