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Equity

MKLTX

Latin America Fund

Overview

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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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of 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 14, 2019 $0.7 M
Size of Fund (Millions) as of Oct 15, 2019 $143.8 M
Share Class launch date Jan 25, 2018
Asset Class Equity
Morningstar Category Latin America Stock
Lipper Classification Latin American Funds
Benchmark Index MSCI EM Latin America - Net Dividends
CUSIP 09250X501
Number of Holdings as of Sep 30, 2019 54
Max Offer Price as of Oct 14, 2019 $50.70
Open to New Investors No
Turnover Percent as of Sep 30, 2019 48%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Sep 30, 2019 $ 37,339.1 M
R-Squared (3y) as of Sep 30, 2019 0.00
Fund Standard Deviation (3y) as of Sep 30, 2019 0.00
Beta (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

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
PETROLEO BRASILEIRO SA 9.72
ITAU UNIBANCO HOLDING SA 8.17
VALE SA 6.49
BANCO BRADESCO SA 5.97
AMBEV SA 4.70
Name Weight (%)
AMERICA MOVIL SAB DE CV 4.41
FOMENTO ECONOMICO MEXICANO SAB DE CV 4.33
GRUPO FINANCIERO BANORTE SAB DE CV 4.13
B3 SA BRASIL BOLSA BALCAO 3.86
BANCO DO BRASIL SA 3.46

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 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

Ed Kuczma
Ed Kuczma
Portfolio Manager

Literature

Literature

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