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Equity

MKDCX

Emerging Markets Fund

Overview

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Performance

Performance

  • Returns

  2014 2015 2016 2017 2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - - - -10.64
Morningstar Category Avg. (%) Diversified Emerging Mkts -3.01 -13.79 8.47 34.17 -16.07
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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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 Sep 13, 2019 $100.3 M
Size of Fund (Millions) as of Sep 13, 2019 $602.3 M
Share Class launch date Jan 25, 2018
Asset Class Equity
Morningstar Category Diversified Emerging Mkts
Lipper Classification Emerging Markets Funds
Benchmark Index MSCI Emerging Markets Index (Net)
CUSIP 09251J501
Number of Holdings as of Jul 31, 2019 66
Max Offer Price as of Sep 13, 2019 $23.81
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 121%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Jul 31, 2019 $ 75,426.3 M
Fund Standard Deviation (3y) as of Aug 31, 2019 0.00

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

Ratings

Holdings

Holdings

as of Jul 31, 2019
Name Weight (%)
TENCENT HOLDINGS LTD 4.71
SAMSUNG ELECTRONICS CO LTD 4.21
BANK OF CHINA LTD 3.27
PING AN INSURANCE GROUP CO OF CHINA LTD 2.66
NOTRE DAME INTERMEDICA PARTICIPACOES SA 2.64
Name Weight (%)
SBERBANK ROSSII PAO 2.38
PETROLEO BRASILEIRO SA 2.36
FOMENTO ECONOMICO MEXICANO SAB DE CV 2.24
BB SEGURIDADE PARTICIPACOES SA 2.06
NCSOFT CORP 2.01

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Jul 31, 2019

% 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

Andrew Swan
Andrew Swan
Gordon Fraser
BlackRock Fundamental Active Equity Investment Team

Gordon Fraser, CFA, Managing Director, is a portfolio manager on the Global Emerging Markets Equities Team within the Fundamental Active Equity division of BlackRock's Active Equities Group. Mr. Fraser is the lead portfolio manager of the long only Core Global Emerging Markets Strategy, as well as co-manager of the Emerging Frontiers Hedge Fund, the Emerging Markets Absolute Return Portfolios and Emerging Markets Equity Strategies Portfolios. Mr. Fraser leads the North Asia Healthcare, Utilities and Materials research pod for the team, as well as taking lead responsibility for its country level macroeconomic analysis.

 

Prior to his current role, Mr. Fraser was a member of the Emerging Europe & Frontiers Emerging Markets team in London, specializing in Middle Eastern, Turkish and Indian Equities. Mr. Fraser joined BlackRock as an Analyst in 2006.

 

Mr. Fraser holds a BA (1st class) and an MPhil (distinction) in Economics from Cambridge University.

Portfolio Manager

Literature

Literature