Equity

MADCX

Emerging Markets Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
13.68 6.57 12.14 3.88
Benchmark (%) 10.54 2.42 8.97 2.50
Morningstar Category Avg. (%) 7.24 1.51 7.16 2.40
Morningstar Ranking 266/742 109/653 76/552 78/246
Morningstar Quartile 2 1 1 1
Lipper Category Avg. (%) 10.80 2.32 8.39 2.61
Lipper Ranking 261/762 108/665 77/570 78/271
Lipper Quartile 2 1 1 2
  YTD 1m 3m 1y 3y 5y 10y
0.48 -3.24 6.69 13.68 21.02 77.34 46.32
Benchmark (%) -1.16 -1.60 9.56 10.54 7.43 53.64 28.07
Morningstar Category Avg. (%) 0.59 1.37 2.33 7.24 4.61 41.33 26.71
Lipper Category Avg. (%) -0.05 -1.45 9.42 10.80 7.83 51.62 32.56
  2015 2016 2017 2018 2019
Total Return (%) -18.77 8.63 42.08 -10.72 26.44
Benchmark (%) -14.92 11.19 37.28 -14.57 18.42
Morningstar Category Avg. (%) -13.79 8.47 34.17 -16.07 19.25
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.

Key Facts

Key Facts

Size of Class (Millions) as of Nov 27, 2020 $1,451.3 M
Size of Fund (Millions) as of Nov 30, 2020 $1,975.5 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
Distribution Frequency Annual
Number of Holdings as of Oct 30, 2020 68
Max Offer Price as of Nov 27, 2020 $30.14
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 119%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of Oct 30, 2020 2.41
P/E Ratio - Forward as of Oct 30, 2020 18.59
Average Market Cap (Millions) as of Oct 30, 2020 $ 202,631.2 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 Nov 30, 2020 19.07
Active Share as of Jul 31, 2019 77.15%

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 1.06%
Net Expense Ratio 0.88%

Net Expense Ratio excluding Investment Related Expenses is 0.86%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Emerging Markets Fund, Class Inst, as of Oct 31, 2020 rated against 697 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 Oct 31, 2020 out of 665, 12,117, 665, 419 and 665 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 Oct 30, 2020
Name Weight (%)
TENCENT HOLDINGS LTD 9.35
ALIBABA GROUP HOLDING LTD 7.42
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 5.46
SAMSUNG ELECTRONICS CO LTD 3.99
MEITUAN 3.07
Name Weight (%)
JD.COM INC 2.88
ICICI BANK LTD 2.62
ENN ENERGY HOLDINGS LTD 2.23
NK LUKOIL PAO 2.05
SK HYNIX INC 2.01

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 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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