BlackRock Advantage International Fund
BlackRock Funds
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2025 Q3
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.
| Share class | Gross | Net |
|---|---|---|
| C000023028 | 0.63% | 0.50% |
| C000023029 | 0.88% | 0.75% |
| C000023030 | 0.88% | 0.75% |
| C000023032 | 1.86% | 1.50% |
| C000037670 | 1.36% | 1.00% |
| C000198216 | 0.53% | 0.45% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 113.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.80% |
| Cash & short-term | 1.37% |
| Derivatives | 0.02% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: ROCHE HOLDING AG, DHL GROUP, ITOCHU CORP, TAKEDA PHARMACEUTICAL COMPANY LTD, RENESAS ELECTRONICS CORP, ANHEUSER-BUSCH INBEV SA, HOLCIM AG, NINTENDO COMPANY LTD
Largest exited: Roche Holding AG, Veolia Environnement S.A., Commerzbank AG, Nidec Corp., Sumitomo Realty & Development Co Ltd., Experian PLC, Sysmex Corp., EURONEXT
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | ASML HOLDING NV | 3.91% | $1,616.93 | $339.46M | 209.9K |
| — | ABB LTD (CH) | 1.67% | $106.93 | $145.04M | 1.4M |
| — | MURATA MANUFACTURING COMPANY LTD | 1.56% | $62.98 | $135.30M | 2.1M |
| — | BANCO SANTANDER SA | 1.54% | $12.51 | $133.82M | 10.7M |
| — | HSBC HOLDINGS PLC | 1.44% | $18.78 | $124.70M | 6.6M |
| — | BHP GROUP LTD | 1.41% | $44.52 | $122.06M | 2.7M |
| — | SHELL PLC | 1.40% | $42.26 | $121.68M | 2.9M |
| — | SIEMENS AG | 1.38% | $313.54 | $119.94M | 382.5K |
| — | TOKYO ELECTRON LTD | 1.32% | $335.37 | $115.00M | 342.9K |
| — | NESTLE' SA/AG | 1.32% | $101.46 | $114.76M | 1.1M |
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.
Top 10 positions are 16.94% of net assets, top 25 33.81%, across 496 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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