Equity

MKECX

Emerging Markets ex-China Fund

  • NAV as of Dec 04, 2025 $13.66
    52 WK: 9.52 - 13.86
  • 1 Day NAV Change as of Dec 04, 2025 $-0.03 (-0.22%)
  • NAV Total Return as of Dec 04, 2025 YTD: 27.07%

Overview

About this Fund

1. A high conviction strategy that invests in emerging markets countries excluding China

 

2. Seeks long-term capital appreciation by combining top down macro views with in-depth fundamental research

 

3. Global portfolio management team using local teams to drive stock selection

Investment Approach

The Fund seeks long-term capital appreciation by investing in securities of issuers in countries having developing capital markets (other than China).
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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 8.94 - - - 14.21
Benchmark (%) 12.22 - - - 16.97
Morningstar Category Avg. (%) 24.71 - - - -
Morningstar Ranking 670/660 - - - -
Morningstar Quartile 4 - - - -
Lipper Ranking 659/731 - - - -
Lipper Quartile 4 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 19.44 5.42 5.33 8.94 - - - 39.52
Benchmark (%) 22.13 6.02 6.64 12.22 - - - 48.04
Morningstar Category Avg. (%) 28.78 3.53 11.83 24.71 - - - -
  2020 2021 2022 2023 2024
Total Return (%) - - - - -3.47
Benchmark (%) - - - - 3.56
Morningstar Category Avg. (%) - - - - 6.04

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 Dec 04, 2025
$15.1 M
Share Class launch date
Mar 29, 2023
Benchmark Index
MSCI Emerging Markets ex China Index (Net)
Lipper Classification
Emerging Markets Funds
Max Offer Price
as of Dec 04, 2025
$13.66
Turnover Percent in the Annual Report
as of Apr 30, 2025
86.00%
Size of Class (Millions)
as of Dec 04, 2025
$4.0 M
Asset Class
Equity
Morningstar Category
Diversified Emerging Mkts
CUSIP
09261A847
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2025
78
P/E Ratio - Forward
as of Oct 31, 2025
15.66
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of -
-
Active Share
as of Oct 31, 2025
50.00%
P/B Ratio
as of Oct 31, 2025
2.99
Alpha (3y)
as of -
-
R-Squared (3y)
as of -
-
Beta (3y)
as of -
-
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 2.37%
Net Expense Ratio 0.82%

Net Expense Ratio excluding Investment Related Expenses is 0.81%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Holdings

Holdings

as of Oct 31, 2025
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 15.88
SAMSUNG ELECTRONICS CO LTD 4.59
SK HYNIX INC 3.61
WIWYNN CORP 2.83
XP INC 2.49
Name Weight (%)
MAHINDRA AND MAHINDRA LTD 2.47
ALCHIP TECHNOLOGIES LTD 2.26
ACCTON TECHNOLOGY CORP 2.10
HDFC BANK LTD 2.05
ICICI BANK LTD 1.99
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
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 Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% 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

Egon Vavrek
Egon Vavrek
Stephen Andrews
Stephen Andrews
Christopher Colunga
Christopher Colunga
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