Equity

MAECX

Emerging Markets ex-China Fund

  • NAV as of Feb 06, 2026 $15.67
    52 WK: 9.52 - 15.75
  • 1 Day NAV Change as of Feb 06, 2026 $0.41 (2.69%)
  • NAV Total Return as of Feb 06, 2026 YTD: 11.37%

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

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Past distributions are not indicative of future distributions.

Certain Funds record and have an ex-dividend date daily on undistributed net investment income, with distributions paid monthly.

Click here for historical distribution data and here for upcoming distribution estimates

  1y 3y 5y 10y Incept.
Total Return (%) 31.74 - - - 16.89
Benchmark (%) 34.61 - - - 19.47
Morningstar Category Avg. (%) 30.55 - - - -
Morningstar Ranking 380/751 - - - -
Morningstar Quartile 2 - - - -
Lipper Ranking 383/732 - - - -
Lipper Quartile 3 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 31.74 3.53 10.30 31.74 - - - 53.81
Benchmark (%) 34.61 4.70 10.22 34.61 - - - 63.17
Morningstar Category Avg. (%) 30.55 2.57 4.73 30.55 - - - -
  2021 2022 2023 2024 2025
Total Return (%) - - - -3.49 31.74
Benchmark (%) - - - 3.56 34.61
Morningstar Category Avg. (%) - - - 6.04 30.55

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 Feb 06, 2026
$17.0 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 Feb 06, 2026
$15.67
Turnover Percent in the Annual Report
as of Apr 30, 2025
86%
Size of Class (Millions)
as of Feb 06, 2026
$12.2 M
Asset Class
Equity
Morningstar Category
Diversified Emerging Mkts
CUSIP
09261A854
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jan 30, 2026
78
P/E Ratio - Forward
as of Jan 30, 2026
15.34
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of -
-
Active Share
as of Jan 30, 2026
50.00%
P/B Ratio
as of Jan 30, 2026
3.33
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 1.65%
Net Expense Ratio 0.87%

Net Expense Ratio excluding Investment Related Expenses is 0.86%

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

Ratings

Ratings

Holdings

Holdings

as of Jan 30, 2026
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 16.51
SAMSUNG ELECTRONICS CO LTD 6.35
SK HYNIX INC 5.21
SK SQUARE CO LTD 3.24
OTP BANK NYRT 2.20
Name Weight (%)
MAHINDRA AND MAHINDRA LTD 2.15
WIWYNN CORP 2.04
PAN AMERICAN SILVER CORP 1.92
ACCTON TECHNOLOGY CORP 1.91
CYRELA BRAZIL REALTY S.A. 1.83
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 Jan 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jan 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jan 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jan 30, 2026

% 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

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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