Equity

BlackRock Emerging Markets Alpha Tilts Fund

  • NAV as of 30/May/2024 USD 11.19
    52 WK: 9.54 - 11.63
  • 1 Day NAV Change as of 30/May/2024 -0.14 (-1.23%)

Overview

Investment Approach


The Fund aims to achieve long-term capital growth on your investment.

In order to achieve its investment objective and policy, the Fund invests primarily in the equity securities (e.g. shares) of companies domiciled in, or the main business of which is in, emerging market countries and/or in the shares of companies domiciled in, or the main business of which is in, developed markets, but which have significant business operations in emerging markets.

The Fund will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection, based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Show Less
Loading

Performance

Performance

Chart

View full chart
Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -13.5 20.4 16.4 -2.9 -20.7 9.3
Constraint Benchmark 1 (%) -14.6 18.4 18.3 -2.5 -20.1 9.8

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
Total Return (%) 10.71 -6.32 1.75 - 1.55
Constraint Benchmark 1 (%) 9.88 -5.69 1.89 - 1.48
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 3.84 0.25 7.83 15.11 10.71 -17.78 9.06 - 10.30
Constraint Benchmark 1 (%) 2.83 0.45 7.83 15.40 9.88 -16.11 9.79 - 9.85
  From
31-Mar-2019
To
31-Mar-2020		 From
31-Mar-2020
To
31-Mar-2021		 From
31-Mar-2021
To
31-Mar-2022		 From
31-Mar-2022
To
31-Mar-2023		 From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of 31/Mar/2024

-18.57 61.30 -13.14 -10.36 8.09
Constraint Benchmark 1 (%)

as of 31/Mar/2024

- 58.39 -11.37 -10.70 8.15

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 30/May/2024
USD 275,879,251
Fund Launch Date
12/Dec/2017
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Emerging Markets Index
Initial Charge
-
ISIN
IE00BDZSCT22
Performance Fee
0.00%
Minimum Subsequent Investment
USD 50,000.00
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLEMADA
Share Class launch date
12/Dec/2017
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.78%
Annual Management Fee
1.10%
Minimum Initial Investment
USD 250,000.00
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDZSCT2

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30/Apr/2024
175
3y Beta
as of 30/Apr/2024
0.985
P/B Ratio
as of 30/Apr/2024
1.84
Standard Deviation (3y)
as of 30/Apr/2024
17.57%
P/E Ratio
as of 30/Apr/2024
15.54

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager may include ESG considerations in the research and decision phases of the investment process. Funds with ESG-related objectives may also include ESG considerations in the portfolio construction phase of the investment process. The research phase may include relevant, internal ESG research used to assess certain characteristics, including, but not limited to, economic and environmental transition, market structure, superior growth, management quality, and risk characteristics associated with environmental, social, and governance matters. ESG insights may be combined with other internal research views to inform active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate metrics, and other factors.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Apr/2024)

Holdings

Holdings

as of 30/Apr/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 8.90
TENCENT HOLDINGS LTD 4.74
SAMSUNG ELECTRONICS CO LTD 4.10
ALIBABA GROUP HOLDING LTD 2.85
ICICI BANK LTD 1.71
Name Weight (%)
HON HAI PRECISION INDUSTRY CO LTD 1.56
MEITUAN 1.47
MEDIATEK INC 1.34
NETEASE INC 1.27
JD.COM INC 1.19
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 30/Apr/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class D USD - 11.19 -0.14 -1.23 30/May/2024 11.63 9.54 IE00BDZSCT22
Class Flexible USD - 11.49 -0.14 -1.23 30/May/2024 11.94 9.76 IE00BDZSCX67
Class Institutional USD - 11.03 -0.14 -1.23 30/May/2024 11.47 9.41 IE00BDZSCW50
Class Z USD - 11.06 -0.14 -1.23 30/May/2024 11.49 9.42 IE00BDZSCV44

Portfolio Managers

Portfolio Managers

Jeff Shen
Jeff Shen
Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE) at BlackRock.

Managing Director

Read More

Jeff Shen, PhD, Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE) at BlackRock. He is responsible for Asia Pacific and Emerging Market Active Equity Strategies. He is BlackRock's Head of Emerging Market and a member of the Global Operating Committee.

David Piazza
David Piazza

Literature

Literature