Equity

MCLTX

Latin America Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
-24.76 -11.98 -3.47 -3.87
-25.48 -11.98 -3.47 -3.87
Benchmark (%) -16.08 -6.35 -0.58 -2.18
Morningstar Category Avg. (%) -24.08 -8.31 0.17 -2.55
Morningstar Ranking 20/26 24/25 19/20 12/18
Morningstar Quartile 3 4 4 4
Lipper Category Avg. (%) -18.93 -6.96 -0.36 -2.48
  YTD 1m 3m 1y 3y 5y 10y
-4.57 -16.53 -22.78 -24.76 -31.80 -16.17 -32.60
-5.53 -17.36 -23.55 -25.48 -31.80 -16.17 -32.60
Benchmark (%) -0.57 -17.00 -21.87 -16.08 -17.85 -2.85 -19.79
Morningstar Category Avg. (%) -4.66 -18.13 -23.72 -24.08 -22.92 0.87 -22.74
Lipper Category Avg. (%) -5.73 -16.98 -22.82 -18.93 -18.87 -0.12 -17.79
  2017 2018 2019 2020 2021
Total Return (%) 26.75 -4.68 17.46 -18.00 -16.51
Benchmark (%) 23.74 -6.57 17.46 -13.80 -8.09
Morningstar Category Avg. (%) 29.90 -5.67 28.37 -15.39 -12.87
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Size of Class (Millions) as of Jun 30, 2022 $0.4 M
Size of Fund (Millions) as of Dec 08, 2022 $0.0 M
Share Class launch date Oct 21, 1994
Asset Class Equity
Morningstar Category Latin America Stock
Lipper Classification Latin American Funds
Benchmark Index MSCI EM Latin America
CUSIP 09250X303
Distribution Frequency Annual
Number of Holdings as of Jun 30, 2022 4
Max Offer Price as of Dec 08, 2022 $0.00
Open to New Investors Yes
Turnover Percent in the Annual Report as of Apr 30, 2021 138%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of Nov 30, 2022 0.00
P/E Ratio - Forward as of Nov 30, 2022 0.00
Average Market Cap (Millions) as of Nov 30, 2022 $ 0.0 M
Best 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2020 33.20%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -46.90%
Fund Standard Deviation (3y) as of Jul 31, 2022 35.33
Active Share as of Nov 30, 2022 99.99%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and decision phases of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 2.72%
Net Expense Ratio 2.72%

Net Expense Ratio excluding Investment Related Expenses is 2.72%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of May 31, 2022 out of 33, 12,373, 33, 6 and 33 Funds, respectively in Lipper's Latin American Funds classification.

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
VALE SA 9.05
PETROLEO BRASILEIRO SA PETROBRAS 8.36
BANCO BRADESCO SA 6.18
ITAU UNIBANCO HOLDING SA 5.27
GRUPO FINANCIERO BANORTE SAB DE CV 4.67
Name Weight (%)
FOMENTO ECONOMICO MEXICANO SAB DE CV 4.27
B3 SA BRASIL BOLSA BALCAO 3.93
GERDAU SA 3.14
AMERICA MOVIL SAB DE CV 3.11
BANCO BTG PACTUAL SA 2.80

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 2022

% 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.

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma
Portfolio Manager

Literature

Literature

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