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BlackRock Emerging Mkts Inv C MCDCX

Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 19.07  /  −0.42 %
  • Total Assets 4.9 Bil
  • Adj. Expense Ratio
    1.870%
  • Expense Ratio 1.870%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Diversified Emerging Mkts
  • Investment Style Large Blend
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.11%
  • Turnover 96%

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:14 PM GMT+0

Morningstar’s Analysis MCDCX

Will MCDCX outperform in future?

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

Despite our confidence in the portfolio manager, capacity concerns limit our conviction here.

Senior Analyst Samuel Lo

Samuel Lo

Senior Analyst

Summary

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.

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Portfolio Holdings MCDCX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 29.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

8.92 420.5 Mil
Technology

Samsung Electronics Co Ltd

5.06 238.4 Mil
Technology

BlackRock Liquidity T-Fund Instl

3.67 173.0 Mil
Cash and Equivalents

Alibaba Group Holding Ltd Ordinary Shares

2.25 106.2 Mil
Consumer Cyclical

Tencent Holdings Ltd

2.16 101.6 Mil
Communication Services

Wal - Mart de Mexico SAB de CV

2.04 96.2 Mil
Consumer Defensive

Bank Bradesco SA ADR

1.97 92.7 Mil
Financial Services

Samsung Electronics Co Ltd Participating Preferred

1.83 86.0 Mil
Technology

HDFC Bank Ltd

1.71 80.6 Mil
Financial Services

Reliance Industries Ltd

1.60 75.4 Mil
Energy