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BlackRock Asian Dragon Institutional MAPCX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
18.65  /  2.30 %
Total Assets
148.6 Mil
Adj. Expense Ratio
1.140%
Expense Ratio
1.140%
Fee Level
Above Average
Longest Manager Tenure
1.32 years
Category
Pacific/Asia ex-Japan Stk
Investment Style
Large Blend
Min. Initial Investment
2,000,000
Status
Open
TTM Yield
0.55%
Turnover
81%

USD | NAV as of Jul 26, 2021 | 1-Day Return as of Jul 26, 2021, 9:52 PM GMT+00:00

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Morningstar’s Analysis

Will MAPCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAPCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the MAPCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of MAPCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

We have yet to regain conviction in this offering after the departure of its former manager.

Analyst

Summary

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Our conviction in BlackRock Asian Dragon has diminished since the departure of former lead manager Andrew Swan in April 2020. We remain cautious about his replacement Stephen Andrews and the team’s instability, and we have reservations around the investment process’ repeatability. The U.S.-domiciled vehicle’s K share class continues to carry a Morningstar Analyst Rating of Neutral, while the more expensive share classes are rated Negative.

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