BlackRock Emerging Markets continues to be helmed by an impressive portfolio manager, although the team instability and reduction in analytical resource over the past year bear close monitoring. While the strategy’s investment approach has been executed to good effect historically, we have ongoing concerns regarding the meaningful portfolio expansion of this US vehicle, amid fast-growing assets, which has caused a divergence from the conviction-driven, concentrated approach that has been successful in the past. The strategy’s US vehicle retains a Morningstar Medalist Rating of Bronze for the cheapest share classes, including the institutional K share class, while the more expensive share classes continue to carry a Neutral rating.
BlackRock Emerging Mkts Instl MADCX
- NAV / 1-Day Return 25.04 / +1.05 %
- Total Assets 5.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.870%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category Diversified Emerging Mkts
- Investment Style Large Blend
- Min. Initial Investment 2.0 Mil
- Status Open
- TTM Yield 1.67%
- Turnover 96%
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0
Morningstar’s Analysis MADCX
Will MADCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 29.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 9.82 | 493.5 Mil | Technology |
BlackRock Liquidity T-Fund Instl | 4.21 | 211.6 Mil | Cash and Equivalents |
Samsung Electronics Co Ltd | 3.83 | 192.6 Mil | Technology |
Tencent Holdings Ltd | 3.68 | 184.9 Mil | Communication Services |
Samsung Electronics Co Ltd Participating Preferred | 1.90 | 95.7 Mil | Technology |
Wal - Mart de Mexico SAB de CV | 1.83 | 91.8 Mil | Consumer Defensive |
Kaspi.kz JSC ADS | 1.75 | 87.8 Mil | Technology |
PT Bank Rakyat Indonesia (Persero) Tbk Registered Shs Series -B- | 1.72 | 86.7 Mil | Financial Services |
Lojas Renner SA | 1.67 | 84.1 Mil | Consumer Cyclical |
Bank Bradesco SA ADR | 1.67 | 83.8 Mil | Financial Services |