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 Inv A MDDCX
- NAV / 1-Day Return 23.52 / +0.21 %
- Total Assets 5.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.120%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Diversified Emerging Mkts
- Investment Style Large Blend
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 1.48%
- Turnover 96%
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:12 PM GMT+0
Morningstar’s Analysis MDDCX
Will MDDCX 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 28.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 9.45 | 457.5 Mil | Technology |
Samsung Electronics Co Ltd | 3.73 | 180.6 Mil | Technology |
Tencent Holdings Ltd | 3.56 | 172.1 Mil | Communication Services |
BlackRock Liquidity T-Fund Instl | 2.04 | 98.9 Mil | Cash and Equivalents |
Samsung Electronics Co Ltd Participating Preferred | 1.93 | 93.4 Mil | Technology |
Wal - Mart de Mexico SAB de CV | 1.92 | 92.9 Mil | Consumer Defensive |
Bank Bradesco SA ADR | 1.72 | 83.1 Mil | Financial Services |
Reliance Industries Ltd | 1.60 | 77.3 Mil | Energy |
China Construction Bank Corp Class H | 1.59 | 76.7 Mil | Financial Services |
Hapvida Participacoes Investimento SA Ordinary Shares | 1.56 | 75.6 Mil | Financial Services |