Equity

BIDEX

BlackRock Defensive Advantage Emerging Markets Fund

Overview

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Performance

Performance

Distributions

Record Date Ex-Date Payable Date
View full table
  1y 3y 5y 10y Incept.
24.15 15.87 7.69 - 8.92
Benchmark (%) 22.17 14.54 6.19 - 7.19
Morningstar Category Avg. (%) 41.91 21.31 6.65 - -
Morningstar Ranking 621/724 589/688 202/626 - -
Morningstar Quartile 4 4 2 - -
Lipper Ranking 612/704 573/669 199/610 - -
Lipper Quartile 4 4 2 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
18.61 0.79 17.09 24.15 55.55 44.86 - 60.28
Benchmark (%) 16.96 -0.45 19.58 22.17 50.25 35.03 - 46.74
Morningstar Category Avg. (%) 24.19 -0.36 21.05 41.91 78.51 37.99 - -
  2021 2022 2023 2024 2025
Total Return (%) 4.71 -11.12 11.92 10.45 14.32
Benchmark (%) - - 8.91 9.03 13.42
Morningstar Category Avg. (%) 0.38 -20.86 12.32 6.04 30.55
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.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Aug 07, 2026
$13.9 M
Share Class launch date
Dec 21, 2020
Benchmark Index
MSCI Emerging Markets Minimum Volatility Index (Net)
Lipper Classification
Emerging Markets Funds
Max Offer Price
as of Aug 07, 2026
$12.18
Turnover Percent in the Annual Report
as of Apr 30, 2026
211.00%
Size of Class (Millions)
as of Aug 07, 2026
$0.1 M
Asset Class
Equity
Morningstar Category
Diversified Emerging Mkts
CUSIP
09260J724
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jun 30, 2026
176
P/E Ratio - Forward
as of Jun 30, 2026
14.09
Average Market Cap (Millions)
as of Jun 30, 2026
$ 1,747,932,305.6 M
Fund Standard Deviation (3y)
as of Jul 31, 2026
10.77
Best 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2026
17.09%
Active Share
as of Jun 30, 2026
50.00%
P/B Ratio
as of Jun 30, 2026
2.28
Alpha (3y)
as of Jul 31, 2026
0.25
R-Squared (3y)
as of Jul 31, 2026
95.49
Beta (3y)
as of Jul 31, 2026
0.82
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2023
-8.75%
For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 4.30%
Net Expense Ratio 0.86%

Net Expense Ratio excluding Investment Related Expenses is 0.86%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Jun 30, 2026)
Analyst-Driven % as of Jun 30, 2026
10.00
Data Coverage % as of Jun 30, 2026
100.00

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 Jul 31, 2026 out of 669, 11,931, 669, 366 and 669 Funds, respectively in Lipper's Emerging Markets Funds classification.

Holdings

Holdings

as of Jun 30, 2026
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 1.56
SAMSUNG ELECTRO-MECHANICS CO LTD 1.55
LENOVO GROUP LTD 1.53
SAMSUNG ELECTRONICS CO LTD 1.50
WPG HOLDINGS LTD 1.48
Name Weight (%)
CREDICORP LTD 1.48
JARIR MARKETING CO 1.47
ASE TECHNOLOGY HOLDING CO LTD 1.47
EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC 1.46
SK HYNIX INC 1.46
Name Market Value Weight (%) Shares
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Jun 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2026

% 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, PhD
Co-Chief Investment Officer and Co-Head of BlackRock’s Systematic Active Equities

   

Robert Fisher, CFA
BlackRock Systematic Active Equity Investment Team

    

Richard Mathieson
Managing Director, Systematic Active Equities
David Piazza
BlackRock Systematic Active Equity Investment Team

  

Portfolio Manager

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature