Multi Asset

BEEAX

Total Emerging Markets 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 Incept.
10.94 1.74 6.64 - 2.35
5.12 -0.07 5.49 - 1.60
Benchmark (%) 8.58 2.71 7.78 - 3.33
Morningstar Category Avg. (%) 7.24 1.51 7.16 2.40 -
Morningstar Ranking 359/742 381/653 433/552 - -
Morningstar Quartile 2 2 3 - -
Lipper Category Avg. (%) 10.80 2.32 8.39 2.61 -
Lipper Ranking 3/27 11/26 9/22 - -
Lipper Quartile 1 2 2 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
1.79 -1.90 7.36 10.94 5.32 37.88 - 18.67
-3.56 -7.05 1.72 5.12 -0.22 30.65 - 12.43
Benchmark (%) 0.14 -1.74 6.40 8.58 8.34 45.47 - 27.34
Morningstar Category Avg. (%) 0.59 1.37 2.33 7.24 4.61 41.33 26.71 -
Lipper Category Avg. (%) -0.05 -1.45 9.42 10.80 7.83 51.62 32.56 -
  2015 2016 2017 2018 2019
Total Return (%) -11.34 12.89 20.89 -13.58 17.51
Benchmark (%) -8.33 10.80 24.97 -10.78 16.26
Morningstar Category Avg. (%) -13.79 8.47 34.17 -16.07 19.25
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.
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Key Facts

Key Facts

Size of Class (Millions) as of Dec 03, 2020 $12.1 M
Size of Fund (Millions) as of Dec 03, 2020 $113.6 M
Share Class launch date May 16, 2013
Asset Class MultiAsset
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Mkts M-A Fds
Benchmark Index 60% MSCI EM Index(Net)/40% JPM EM Bond Index Plus
CUSIP 091936443
Distribution Frequency Annual
Number of Holdings as of Oct 30, 2020 381
Max Offer Price as of Dec 03, 2020 $11.25
Open to New Investors Yes
Turnover Percent in the Annual Report 11%

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield as of Oct 31, 2020 1.22%
Unsubsidized 30-Day SEC Yield as of Oct 31, 2020 0.74%
Best 3-Month Return Over the Last 3 Years 3 months ending Jul 31, 2020 19.74%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -19.13%
Fund Standard Deviation (3y) as of Nov 30, 2020 15.92
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 can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Nov 01, 2020 BBB
MSCI ESG Quality Score (0-10) as of Nov 01, 2020 4.7
MSCI ESG Quality Score - Peer Percentile as of Nov 01, 2020 3.31%
MSCI ESG % Coverage as of Nov 01, 2020 97.31%
Fund Lipper Global Classification as of Nov 01, 2020 Mixed Asset USD Aggressive
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Nov 01, 2020 244.90
Funds in Peer Group as of Nov 01, 2020 363
All data is from MSCI ESG Fund Ratings as of Nov 01, 2020, based on holdings as of Jun 30, 2020. 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 covered 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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. 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 Oct 30, 2020 0.07%
MSCI - UN Global Compact Violators as of Oct 30, 2020 1.21%
MSCI - Nuclear Weapons as of Oct 30, 2020 0.00%
MSCI - Thermal Coal as of Oct 30, 2020 0.10%
MSCI - Civilian Firearms as of Oct 30, 2020 0.00%
MSCI - Oil Sands as of Oct 30, 2020 0.11%
MSCI - Tobacco as of Oct 30, 2020 0.14%

Business Involvement Coverage as of Oct 30, 2020 61.01%
Percentage of Fund not covered as of Oct 30, 2020 39.69%
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 1.00% and for Oil Sands 0.26%.

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.73%
Net Expense Ratio 1.18%

Net Expense Ratio excluding Investment Related Expenses is 1.10%

  • Acquired Fund Fees and Expenses 0.08%
  • 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 Oct 31, 2020 out of 26, 4,467, 26, 10 and 26 Funds, respectively in Lipper's Emerging Mkts M-A Fds classification.

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
BLACKROCK LIQ FUND T-FD-IN 31.11
ALIBABA GROUP HOLDING ADR REPRESEN 5.43
TENCENT HOLDINGS LTD 5.37
TAIWAN SEMICONDUCTOR MANUFACTURING 4.66
ISHARES MSCI INDIA ETF 4.25
Name Weight (%)
BANCO CENTRAL DE CHILE 3 03/01/2022 2.79
CNH - Spendable Committed Cash 2.61
SAMSUNG ELECTRONICS LTD 2.14
KOREA REPUBLIC OF (SOUTH KOREA) ( 1.125 06/10/2023 2.05
SOUTH AFRICA (REPUBLIC OF) R197 5.5 12/07/2023 1.95
as of Oct 30, 2020
Name Weight (%)
BANCO CENTRAL DE CHILE 3 03/01/2022 4.61
KOREA REPUBLIC OF (SOUTH KOREA) ( 1.125 06/10/2023 3.38
SOUTH AFRICA (REPUBLIC OF) R197 5.5 12/07/2023 3.22
INDONESIA (REPUBLIC OF) 7 05/15/2027 2.69
MEXICO (UNITED MEXICAN STATES) 4.5 12/04/2025 2.67
Name Weight (%)
RUSSIAN (FEDERATION OF) RegS 7.5 03/31/2030 2.18
RUSSIAN FEDERATION RegS 5.25 06/23/2047 2.05
ARGENTINA REPUBLIC OF GOVERNMENT 0.125 07/09/2035 1.73
ARGENTINA REPUBLIC OF GOVERNMENT 0.125 07/09/2030 1.45
PHILIPPINES (REPUBLIC OF) 6.375 10/23/2034 1.22

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Oct 30, 2020

% 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

Jeff Shen
Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE) at BlackRock

   

Gerardo Rodriguez
BlackRock Systematic Active Equity Investment Team

    

Portfolio Manager

Emerging Market Insights

Get monthly market insight, top investment ideas and a recap of EM performance across equities, debt, currencies and commodities.

Read Emerging Market Insights

 

Literature

Literature

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