MAEFX

EuroFund

Equity

MAEFX

EuroFund

How To Buy

Overview

About this Fund

  • Capitalize on European Growth
  • Dedicated Global Investment Team
  • International Diversification in Developed Markets

Investment Approach

Invests in equities of corporations domiciled in European countries.
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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. -5.23 6.63 23.58 -0.17 1.13 0.24 66.88
Benchmark (%) Index: MSCI EMU Net TR Index in USD.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. -12.32 5.91 19.74 -6.85 -1.96 10.56 65.75
Morningstar Category Avg. (%) Europe Stock -8.03 3.78 13.95 1.09 1.97 13.39 72.23
Lipper Category Avg. (%) European Region Funds -10.84 3.75 19.03 -4.05 0.73 10.91 79.90
  2015 2016 2017 2018 2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 0.39 -7.94 22.42 -19.77 25.17
Benchmark (%) Index: MSCI EMU Net TR Index in USD<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. -2.84 -0.40 25.51 -16.90 23.20
Morningstar Category Avg. (%) Europe Stock 1.70 -1.66 23.70 -15.13 24.68
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. The performance information for periods prior to the inception date of the share class is based on the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

The Fund’s returns prior to October 23, 2018 are the returns of the Fund when it followed different investment strategies. 

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.

Performance chart data not available for display.
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Cum. Fund Perf. Since Inception: 938.44

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

Distributions

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Ex-Date Payable Date Record Date Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until approximately 60 days following calendar year-end. Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution Current year distributions are not classified as “Income,” “Short-Term Capital Gains,” “Long-Term Capital Gains,” or “Return of Capital” until calendar year-end. Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.



Key Facts

Key Facts

Size of Class (Millions) as of Aug 07, 2020 $28.4 M
Size of Fund (Millions) as of Aug 07, 2020 $102.3 M
Share Class launch date Oct 26, 1988
Asset Class Equity
Morningstar Category Europe Stock
Lipper Classification European Region Funds
Benchmark Index MSCI EMU Net TR Index in USD
CUSIP 09251N502
Distribution Frequency How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly. Annual
Number of Holdings as of Jul 31, 2020 43
Max Offer Price as of Aug 07, 2020 $15.41
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 153%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio The price to book (P/B) value ratio is a fundamental measure used to determine if an investment is valued appropriately. The book value of a company is a measure of how much a company's assets are worth assuming the company's debts are paid off. Negative book values are excluded from this calculation and holding price to book ratios over 25 are set to 25. as of Jul 31, 2020 2.73
P/E Ratio - Forward The forward price-to-earnings ratio is used to assess a company’s valuation. To compute this ratio, the latest closing price is divided by the company’s consensus mean EPS estimate for the next unreported fiscal year. The ratio represents a weighted harmonic mean of the forward price-to-earnings ratios of its holdings with negative values being excluded from the calculation. as of Jul 31, 2020 24.99
Average Market Cap (Millions) The average size of the securities the fund invests in. as of Jul 31, 2020 $ 70,369.6 M
Alpha (3y) Compared to MSCI Europe Gross TR Index.<br/><br/>Alpha is calculated at the portfolio level.<br/><br/>A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund&#39;s alpha. as of Jul 31, 2020 0.07
R-Squared (3y) as of Jul 31, 2020 95.26
Beta (3y) as of Jul 31, 2020 0.99
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 23.58%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -23.31%
Fund Standard Deviation (3y) as of Jul 31, 2020 18.15
Active Share Active Share measures the percentage of fund holdings that is different from the benchmark holdings at a point in time. It is calculated by taking the sum of the absolute value of the differences of the weight of each holding in a fund’s portfolio versus the weight of each holding in a benchmark index and dividing by two. A fund that has no holdings in common with the benchmark will have an Active Share of 100%, and a fund that has exactly the same holdings as the benchmark considered will have an Active Share of 0%. Active Share levels can vary depending on the underlying benchmark and investment universe. Funds with more concentrated benchmarks or smaller investment universes will typically have lower Active Share. Active Share is not indicative of future performance or a measure of expected return deviation from the benchmark. as of Jul 31, 2020 67.44%

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

Ratings

Ratings

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 117, 12,206, 117, 78 and 117 Funds, respectively in Lipper's European Region Funds classification.

Holdings

Holdings

as of Jul 31, 2020
Name Weight (%)
LVMH MOET HENNESSY LOUIS VUITTON SE 6.35
ASML HOLDING NV 6.25
SAP SE 4.95
SANOFI SA 4.26
SCHNEIDER ELECTRIC SE 3.79
Name Weight (%)
FINECOBANK BANCA FINECO SPA 3.42
ALLIANZ SE 3.29
DSV PANALPINA A/S 3.17
KONE OYJ 3.09
BNP PARIBAS SA 3.00

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

Andreas Zoellinger
Andreas Zoellinger
Tom Joy
Tom Joy
Portfolio Manager

Literature

Literature

 

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