Skip to content

Equity

MADCX

Emerging Markets Fund

Overview

Loading

Performance

Performance

  • Returns

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.

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.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart

Key Facts

Key Facts

Size of Class (Millions) as of Jul 22, 2019 $261.2 M
Size of Fund (Millions) as of Jul 22, 2019 $601.7 M
Share Class launch date Sep 01, 1989
Asset Class Equity
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index
CUSIP 09251J402
Number of Holdings as of Jun 28, 2019 69
Max Offer Price as of Jul 22, 2019 $24.08
Open to New Investors Yes
Turnover Percent as of Jun 30, 2019 121%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Jun 28, 2019 $ 75,763.5 M
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2017 14.64%
Worst 3-Month Return Over the Last 3 Years 3 months ending Oct 31, 2018 -9.87%
Fund Standard Deviation (3y) as of Jun 30, 2019 14.88

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 Inst, as of Jun 30, 2019 rated against 712 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 Jun 30, 2019 out of 675, 12,238, 675, 394 and 675 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 Jun 28, 2019
Name Weight (%)
TENCENT HOLDINGS LTD 4.35
SAMSUNG ELECTRONICS CO LTD 3.66
BANK OF CHINA LTD 3.33
PING AN INSURANCE GROUP CO OF CHINA LTD 2.64
ITAU UNIBANCO HOLDING SA 2.62
Name Weight (%)
PETROLEO BRASILEIRO SA 2.44
SBERBANK ROSSII PAO 2.42
NOTRE DAME INTERMEDICA PARTICIPACOES SA 2.35
FOMENTO ECONOMICO MEXICANO SAB DE CV 2.35
HDFC BANK LTD 2.02

Exposure Breakdowns

Exposure Breakdowns

as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 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

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.

Andrew Swan
Andrew Swan
Portfolio Manager

Literature

Literature

Loading fund documents...
No documents found
Checkout {{ translations['submit'][selectedAction] }} {{ responseMessage }} {{ warningMessage }} You have previously requested to be opted out of all BlackRock Literature Services emails. To subscribe, you must opt back in.