Equity

MAPCX

Sustainable Emerging Markets Equity 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
-21.70 -3.85 -2.02 3.38
Benchmark (%)

as of Dec 31, 2022

-20.09 -2.69 -1.40 1.44
Morningstar Category Avg. (%)

as of Dec 31, 2022

-20.86 -2.26 -1.34 1.48
Morningstar Ranking

as of Dec 31, 2022

335/816 448/732 366/650 54/394
Morningstar Quartile

as of Dec 31, 2022

3 3 3 1
Lipper Category Avg. (%)

as of Dec 31, 2022

-18.60 -1.37 -0.17 3.00
Lipper Ranking

as of Dec 31, 2022

322/778 433/696 345/613 52/370
Lipper Quartile

as of Dec 31, 2022

2 3 3 1
  YTD 1m 3m 1y 3y 5y 10y
-21.70 -2.99 11.14 -21.70 -11.11 -9.72 39.44
Benchmark (%)

as of Dec 31, 2022

-20.09 -1.41 9.70 -20.09 -7.87 -6.79 15.32
Morningstar Category Avg. (%)

as of Dec 31, 2022

-20.86 -2.27 9.61 -20.86 -6.62 -6.51 15.87
Lipper Category Avg. (%)

as of Dec 31, 2022

-18.60 -1.85 11.74 -18.60 -3.31 0.25 37.96
  2018 2019 2020 2021 2022
Total Return (%) -16.73 21.97 19.84 -5.27 -21.70
Benchmark (%) -14.37 18.17 25.02 -2.54 -20.09
Morningstar Category Avg. (%) -16.07 19.25 17.90 0.38 -20.86
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.

The Fund’s returns for the period from October 31, 2017 through November 1, 2021 are the returns of the Fund when it followed different investment strategies and investment process under the name “BlackRock Asian Dragon Fund.” The Fund’s returns prior to October 31, 2017 are the returns of the Fund when it followed a different investment objective and different investment strategies under the name “BlackRock Pacific Fund, Inc." Effective as of November 2, 2021, in connection with the change of the investment strategies of the Fund, the Fund added the MSCI Emerging Markets Index and removed the MSCI AC Asia ex Japan Index as the performance benchmark against which the Fund measures its performance.

Key Facts

Key Facts

Size of Class (Millions) as of Jan 30, 2023 $44.4 M
Size of Fund (Millions) as of Jan 30, 2023 $95.7 M
Share Class launch date Sep 23, 1976
Asset Class Equity
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index
CUSIP 09252J500
Distribution Frequency Semi-Annual
Number of Holdings as of Dec 30, 2022 60
Max Offer Price as of Jan 30, 2023 $13.58
Open to New Investors Yes
Turnover Percent in the Annual Report as of Apr 30, 2022 139%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of Dec 30, 2022 2.07
P/E Ratio - Forward as of Dec 30, 2022 13.98
Average Market Cap (Millions) as of Dec 30, 2022 $ 103,591.5 M
Alpha (3y) as of Dec 31, 2022 -0.11
R-Squared (3y) as of Dec 31, 2022 91.11
Beta (3y) as of Dec 31, 2022 0.93
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 21.92%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -19.99%
Fund Standard Deviation (3y) as of Dec 31, 2022 20.12
Active Share as of Sep 30, 2019 71.21%

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

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 21, 2022 AAA
MSCI ESG % Coverage as of Nov 21, 2022 95.85%
MSCI ESG Quality Score (0-10) as of Nov 21, 2022 8.9
MSCI ESG Quality Score - Peer Percentile as of Nov 21, 2022 98.12%
Fund Lipper Global Classification as of Nov 21, 2022 Equity Asia Pacific ex Japan
Funds in Peer Group as of Nov 21, 2022 690
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 21, 2022 112.76
MSCI Weighted Average Carbon Intensity % Coverage as of Nov 21, 2022 90.54%
All data is from MSCI ESG Fund Ratings as of Nov 21, 2022, based on holdings as of May 31, 2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Dec 30, 2022 0.00%
MSCI - UN Global Compact Violators as of Dec 30, 2022 0.00%
MSCI - Nuclear Weapons as of Dec 30, 2022 0.00%
MSCI - Thermal Coal as of Dec 30, 2022 0.00%
MSCI - Civilian Firearms as of Dec 30, 2022 0.00%
MSCI - Oil Sands as of Dec 30, 2022 0.00%
MSCI - Tobacco as of Dec 30, 2022 0.00%

Business Involvement Coverage as of Dec 30, 2022 98.22%
Percentage of Fund not covered as of Dec 30, 2022 1.78%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

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 1.03%
Net Expense Ratio 0.86%

Net Expense Ratio excluding Investment Related Expenses is 0.86%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Sustainable Emerging Markets Equity Fund, Class Inst, as of Dec 31, 2022 rated against 732 Diversified Emerging Mkts Funds based on risk adjusted total return.

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 Dec 31, 2022 out of 692, 12,466, 696, 455 and 695 Funds, respectively in Lipper's Emerging Markets Funds classification.

Holdings

Holdings

as of Dec 30, 2022
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 7.58
SAMSUNG ELECTRONICS CO LTD 5.65
ALIBABA GROUP HOLDING LTD 5.49
CHINA MERCHANTS BANK CO LTD 3.48
HDFC BANK LTD 3.18
Name Weight (%)
BAIDU INC 2.82
YUM CHINA HOLDINGS INC 2.60
TENCENT HOLDINGS LTD 2.55
MEITUAN 2.44
TATA CONSULTANCY SERVICES LTD 2.22

Exposure Breakdowns

Exposure Breakdowns

as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 30, 2022

% of Market Value

Type Fund Benchmark Net
as of Dec 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

Stephen Andrews
Stephen Andrews
Emily Fletcher
Emily Fletcher
Portfolio Manager

Literature

Literature

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