Morningstar

BlackRock Emerging Markets Fund, Inc. Investor C Shares MCDCX

Morningstar Medalist Rating
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Medalist Rating as of See BlackRock Investment Hub
  • NAV / 1-Day Return $24.74  /  +0.65 %
  • Fund Size $1.5B
  • Adjusted Expense Ratio 1.870%
  • Net Expense Ratio 1.860%
  • Fee Level: Distribution Below Average
  • Share Class Type Level Load
  • Morningstar Category Diversified Emerging Mkts
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 7.45%
  • Turnover Ratio 88%
NAV and 1-Day Return as of

Morningstar’s Analysis MCDCX

Will MCDCX outperform in the future?

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

  • Process Pillar

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

  • People Pillar

    The People Pillar is our evaluation of the MCDCX 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

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

Continued caution is warranted.

Associate Analyst Stephanie Ting

Stephanie Ting

Associate Analyst

Summary

BlackRock Emerging Markets has a relatively new lead manager and a downsized investment team with continued turnover. While the investment approach is sensible, its recent pivot to rely on bottom-up stock selection raises the bar for research depth and quality, in which current team dynamics give us pause. We reiterate the strategy’s People and Process pillars at Average.

by Stephanie Ting
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Portfolio Holdings MCDCX

More MCDCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

12.68 214M
Technology

BlackRock Liquidity T-Fund Instl

10.95 185M
Cash and Equivalents

Samsung Electronics Co Ltd

7.31 123M
Technology

SK hynix Inc

6.84 115M
Technology

ASE Technology Holding Co Ltd

2.90 49M
Technology

Tencent Holdings Ltd

2.85 48M
Communication Services

SK Square

2.39 40M
Technology

OTP Bank PLC

2.25 38M
Financial Services

Capitec Ltd

2.22 37M
Financial Services

Unimicron Technology Corp

2.16 36M
Technology

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