Equity

MADCX

Emerging Markets Fund

Overview

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Performance

Performance

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.

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 Aug 07, 2020 $951.4 M
Size of Fund (Millions) as of Aug 07, 2020 $1,392.7 M
Share Class launch date Sep 01, 1989
Asset Class Equity
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index
CUSIP 09251J402
Number of Holdings as of Jul 31, 2020 72
Max Offer Price as of Aug 07, 2020 $26.49
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 119%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Jul 31, 2020 $ 161,967.3 M
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 20.46%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -21.82%
Fund Standard Deviation (3y) as of Jul 31, 2020 18.93

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for Emerging Markets Fund, Class Inst, as of Jul 31, 2020 rated against 698 Diversified Emerging Mkts Funds based on risk adjusted total return.

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, 2020 out of 672, 12,206, 672, 418 and 672 Funds, respectively in Lipper's Emerging Markets Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 01, 2020) ‡

Holdings

Holdings

as of Jul 31, 2020
Name Weight (%)
TENCENT HOLDINGS LTD 9.23
ALIBABA GROUP HOLDING LTD 6.30
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 5.34
SAMSUNG ELECTRONICS CO LTD 4.20
ENN ENERGY HOLDINGS LTD 2.36
Name Weight (%)
ICICI BANK LTD 2.15
NK LUKOIL PAO 2.03
SBERBANK ROSSII PAO 1.96
SJM HOLDINGS LTD 1.85
JD.COM INC 1.83

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 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

Gordon Fraser
BlackRock Fundamental Active Equity Investment Team

Gordon Fraser, CFA, Managing Director, is Co-Head of Global Emerging Markets Equities for the Fundamental Active Equity division of BlackRock's Active Equities Group. Mr. Fraser is lead portfolio manager for the Core Global Emerging Markets strategy and co-manages the Emerging Frontiers Hedge Fund. Additionally, he is named manager on the Emerging Markets Equity strategies and Emerging Markets Absolute Return strategies. Mr. Fraser is also research pod leader of the North Asia Healthcare, Industrials, Energy, Materials and Utilities research pod and is platform lead for macroeconomic analysis.

 

He joined BlackRock as an Analyst in 2006.

 

Mr. Fraser earned a BA (1st class) and an MPhil (distinction) in Economics from Cambridge University in 2006. He is also a CFA Charterholder.

Kevin Jia
Kevin Jia
Portfolio Manager

Literature

Literature

 

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