BlackRock Advantage International Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, BlackRock Advantage International Fund held 501 positions with $8.69B in net assets. Its ten largest holdings made up 16.9% of the fund. Its share classes cost 0.45%–1.5% a year. Over the 12 months to May 2026, it returned 23.4%, with dividends reinvested. In 2026 Q2 it added 162 new positions and exited 43.
The investment objective of BlackRock Advantage International Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to provide long-term capital appreciation.
The fund invests at least 80% of assets in non-U.S. equity securities of companies in or similar to the MSCI EAFE Index, using proprietary quantitative models to identify mispricings and over- and under-weight securities accordingly while seeking to control incremental risk. The fund may also use derivatives including options, futures, and swaps to enhance returns or hedge currency and market risk. Because security selection depends on the fund's forecast models rather than index replication, performance may diverge from the MSCI EAFE Index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
ASML HOLDING NV | 3.91% | $339.46M | 209.9K | $1,616.93 |
ABB LTD (CH) | 1.67% | $145.04M | 1.4M | $106.93 |
MURATA MANUFACTURING COMPANY LTD | 1.56% | $135.30M | 2.1M | $62.98 |
BANCO SANTANDER SA | 1.54% | $133.82M | 10.7M | $12.51 |
HSBC HOLDINGS PLC | 1.44% | $124.70M | 6.6M | $18.78 |
BHP GROUP LTD | 1.41% | $122.06M | 2.7M | $44.52 |
SHELL PLC | 1.40% | $121.68M | 2.9M | $42.26 |
SIEMENS AG | 1.38% | $119.94M | 382.5K | $313.54 |
TOKYO ELECTRON LTD | 1.32% | $115.00M | 342.9K | $335.37 |
NESTLE' SA/AG | 1.32% | $114.76M | 1.1M | $101.46 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-29 — not a live quote, and not what the fund paid.
The 200 largest of 501 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.80% |
| Cash & short-term | 1.37% |
| Derivatives | 0.02% |
Derivatives are shown at market value, not notional exposure.
How it has done
C000023028 share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.97%. Past returns are a record, not a forecast.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
BlackRock Advantage International Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.45% – 1.50%
- Portfolio turnover
- 113.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
162 new· the largest 8
43 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — this fund, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”