Fund Evaluator:
BlackRock International R (BIFRX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
BlackRock International R Overview
BlackRock International R (BIFRX) is an actively managed International Equity Foreign Large Blend fund. BlackRock launched the fund in 2011.
The investment seeks long-term capital growth. The fund invests primarily in stocks of companies located outside the United States. It will invest at least 75% of its total assets in global equity securities of any market capitalization, selected for their above average return potential. The fund may invest in securities issued by companies of all sizes but will focus mainly on medium and large capitalization companies.
About BlackRock International R (BIFRX)
There are 3 members of the management team with an average tenure of 1.29 years: Olivia Treharne (2025), Stephen Andrews (2025), Molly Greenen (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. BlackRock International R has 72 securities in its portfolio. The top 10 holdings constitute 35.4% 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 International R is part of the Equity global asset class and is within the International Equity fund group. BlackRock International R has 100.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 100.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BlackRock International R has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.
BIFRX 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 International R expense ratio is high compared to funds in the Foreign Large Blend category. BlackRock International R has an expense ratio of 1.17%, which is 24% 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 International R has a portfolio turnover rate of 95%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, BlackRock International R returned 0.2%, which earned it a grade of D, as the Foreign Large Blend category had an average return of 0.7%. 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 International R has a trailing yield of 1.85%, which is below the 2.17% category average. The fund normally distributes its income 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 International R Grades
Year to date, the fund has returned 10.4%, 1.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 23.2% over the past year (grade of D), 8.9% over the past three years (grade of F) and 2.0% per year over the past five years (grade of F) and 7.3% per year over the past 10 years (grade of F).
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BIFRX 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 |
|
| BIFRX Return (NAV) | 0.2% | 4.7% | 23.2% | 8.9% | 2.0% | 7.3% |
| BIFRX Grade | D | B | D | F | F | F |
| +/- Category | -0.5% | 0.3% | -1.0% | -7.0% | -6.4% | -1.8% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| BIFRX Tax Cost Ratio | na | na | 0.8% | 0.4% | 0.5% | 0.5% |
BIFRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BIFRX Return (NAV) | 10.4% | 15.0% | -0.0% | 19.1% | -24.6% | 8.8% | 21.2% | 31.1% | -21.8% | 31.0% | -0.0% |
| BIFRX Grade | D | F | F | A | F | D | A | A | F | A | D |
| +/- Category | -1.2% | -15.6% | -4.9% | 2.9% | -8.2% | -1.4% | 9.4% | 8.1% | -6.6% | 4.6% | -1.0% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 14.7% |
| Total Risk Index: | 1.20 - Above Average |
| Category Risk Index: | 1.13 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 0.98 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $1106 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 95% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Treharne Olivia (2025), Andrews Stephen (2025), Greenen Molly (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 35.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 100.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.1% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | August 12, 2011 |
| Min. Initial Purchase: | $ 100 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.17% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | BlackRock International Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
