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Equity

MDDCX

Emerging Markets Fund

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 1y 3y 5y 10y
11.53 1.72 -3.15 6.59 28.20 18.88 41.85
5.67 -3.62 -8.24 1.00 21.47 12.63 34.40
Benchmark (%) Index: MSCI Emerging Markets Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 5.89 1.91 -4.25 -2.02 19.02 12.19 39.28
Morningstar Category Avg. (%) Diversified Emerging Mkts 7.99 1.55 -3.64 -0.03 15.97 8.61 39.69
Lipper Category Avg. (%) Emerging Markets Funds 8.80 1.63 -3.47 0.57 16.92 10.23 43.07
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 performance information for periods prior to the inception date of the share class is based on the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Oct 11, 2019 $197.9 M
Size of Fund (Millions) as of Oct 11, 2019 $624.0 M
Share Class launch date Oct 21, 1994
Asset Class Equity
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index
CUSIP 09251J105
Number of Holdings as of Jul 31, 2019 66
Max Offer Price as of Oct 11, 2019 $22.97
Open to New Investors Yes
Turnover Percent as of Sep 30, 2019 121%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2017 14.55%
Worst 3-Month Return Over the Last 3 Years 3 months ending Oct 31, 2018 -9.89%
Fund Standard Deviation (3y) as of Sep 30, 2019 0.00

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

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Emerging Markets Fund, Class A, as of Sep 30, 2019 rated against 701 Diversified Emerging Mkts Funds.

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 Aug 31, 2019 out of 671, 12,229, 671, 178 and 671 Funds, respectively in Lipper's Emerging Markets Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 21, 2019) ‡

Holdings

Holdings

as of Aug 30, 2019
Name Weight (%)
SAMSUNG ELECTRONICS CO LTD 5.44
ALIBABA GROUP HOLDING LTD 4.42
TENCENT HOLDINGS LTD 3.64
SBERBANK ROSSII PAO 2.86
PING AN INSURANCE GROUP CO OF CHINA LTD 2.82
Name Weight (%)
NOTRE DAME INTERMEDICA PARTICIPACOES SA 2.59
FOMENTO ECONOMICO MEXICANO SAB DE CV 2.48
NCSOFT CORP 2.41
PETROLEO BRASILEIRO SA 2.35
BANK OF CHINA LTD 2.23

Exposure Breakdowns

Exposure Breakdowns

as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Aug 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Aug 30, 2019

% 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

Andrew Swan
Andrew Swan
Gordon Fraser
BlackRock Fundamental Active Equity Investment Team

Gordon Fraser, CFA, Managing Director, is a portfolio manager on the Global Emerging Markets Equities Team within the Fundamental Active Equity division of BlackRock's Active Equities Group. Mr. Fraser is the lead portfolio manager of the long only Core Global Emerging Markets Strategy, as well as co-manager of the Emerging Frontiers Hedge Fund, the Emerging Markets Absolute Return Portfolios and Emerging Markets Equity Strategies Portfolios. Mr. Fraser leads the North Asia Healthcare, Utilities and Materials research pod for the team, as well as taking lead responsibility for its country level macroeconomic analysis.

 

Prior to his current role, Mr. Fraser was a member of the Emerging Europe & Frontiers Emerging Markets team in London, specializing in Middle Eastern, Turkish and Indian Equities. Mr. Fraser joined BlackRock as an Analyst in 2006.

 

Mr. Fraser holds a BA (1st class) and an MPhil (distinction) in Economics from Cambridge University.

Portfolio Manager

Literature

Literature

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