Multi Asset

BEECX

Total Emerging Markets Fund

Overview

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Performance

Performance

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Distributions

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  1y 3y 5y 10y Incept.
13.17 4.25 8.76 - 3.04
12.17 4.25 8.76 - 3.04
Benchmark (%) 14.10 5.78 10.39 - 5.00
Morningstar Category Avg. (%) 17.90 5.69 11.75 3.63 -
Morningstar Ranking 576/796 461/697 520/597 - -
Morningstar Quartile 3 3 4 - -
Lipper Category Avg. (%) 19.50 6.37 12.07 3.77 -
Lipper Ranking 19/27 18/26 15/22 - -
Lipper Quartile 3 3 3 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
13.17 4.91 11.81 13.17 13.29 52.20 - 25.71
12.17 3.91 10.81 12.17 13.29 52.20 - 25.71
Benchmark (%) 14.10 5.19 13.94 14.10 18.36 63.89 - 45.09
Morningstar Category Avg. (%) 17.90 7.55 19.55 17.90 18.06 74.29 42.86 -
Lipper Category Avg. (%) 19.50 7.54 19.44 19.50 21.19 78.92 48.58 -
  2016 2017 2018 2019 2020
Total Return (%) 12.01 19.93 -14.22 16.69 13.17
Benchmark (%) 10.80 24.97 -10.78 16.26 14.10
Morningstar Category Avg. (%) 8.47 34.17 -16.07 19.25 17.90
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.
China's onshore equity markets
China’s onshore equity market may benefit significantly in the coming years from the relatively fast pace of economic activity.
China's onshore equity markets

Key Facts

Key Facts

Size of Class (Millions) as of Feb 23, 2021 $1.5 M
Size of Fund (Millions) as of Feb 23, 2021 $39.9 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 091936435
Distribution Frequency Annual
Number of Holdings as of Jan 29, 2021 132
Max Offer Price as of Feb 23, 2021 $11.61
Open to New Investors Yes
Turnover Percent in the Annual Report 11%

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield as of Jan 31, 2021 0.11%
Unsubsidized 30-Day SEC Yield as of Jan 31, 2021 -0.46%
Best 3-Month Return Over the Last 3 Years 3 months ending Jul 31, 2020 19.43%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -19.29%
Fund Standard Deviation (3y) as of Feb 28, 2021 16.22
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 Feb 05, 2021 BBB
MSCI ESG Quality Score (0-10) as of Feb 05, 2021 5.0
MSCI ESG Quality Score - Peer Percentile as of Feb 05, 2021 7.73%
MSCI ESG % Coverage as of Feb 05, 2021 97.13%
Fund Lipper Global Classification as of Feb 05, 2021 Mixed Asset USD Aggressive
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 05, 2021 218.18
Funds in Peer Group as of Feb 05, 2021 375
All data is from MSCI ESG Fund Ratings as of Feb 05, 2021, based on holdings as of Oct 31, 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.

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 the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts 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 2.47%
Net Expense Ratio 1.93%

Net Expense Ratio excluding Investment Related Expenses is 1.85%

  • 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 Jan 31, 2021 out of 26, 4,536, 26, 6 and 26 Funds, respectively in Lipper's Emerging Mkts M-A Fds classification.

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
PUBLIC BANK 0.34
MAKALOT INDUSTRIAL LTD RIGHTS 0.00
Name Weight (%)
HANWHA SOLU R RIGHTS CORP 0.00
as of Jan 29, 2021
Name Weight (%)
BANCO CENTRAL DE CHILE 3 03/01/2022 1,167.54
SOUTH AFRICA (REPUBLIC OF) R197 5.5 12/07/2023 842.40
KOREA REPUBLIC OF (SOUTH KOREA) ( 1.125 06/10/2023 835.50
MEXICO (UNITED MEXICAN STATES) 4.5 12/04/2025 685.01
INDONESIA (REPUBLIC OF) 7 05/15/2027 681.75
Name Weight (%)
RUSSIAN (FEDERATION OF) RegS 7.5 03/31/2030 514.55
RUSSIAN FEDERATION RegS 5.25 06/23/2047 399.97
ARGENTINA REPUBLIC OF GOVERNMENT 0.125 07/09/2035 368.92
ARGENTINA REPUBLIC OF GOVERNMENT 0.125 07/09/2030 283.43
MEXICO (UNITED MEXICAN STATES) (GO MTN 4.125 01/21/2026 254.78

Exposure Breakdowns

Exposure Breakdowns

as of Feb 26, 2021

% of Market Value

Type Fund
as of Feb 26, 2021

% of Market Value

Type Fund
as of Feb 26, 2021

% of Market Value

Type Fund
Allocations subject to change.
as of Feb 26, 2021

% of Market Value

Type Fund
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.

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Literature

Literature

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