Morningstar

BlackRock Emerging Markets Fund, Inc. K Shares MKDCX

Morningstar Medalist Rating
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Medalist Rating as of See BlackRock Investment Hub
  • NAV / 1-Day Return $33.19  /  −1.87 %
  • Fund Size $1.6B
  • Adjusted Expense Ratio 0.820%
  • Net Expense Ratio 0.810%
  • Fee Level: Distribution Low
  • Share Class Type Retirement, Large
  • Morningstar Category Diversified Emerging Mkts
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $5M
  • Investment Status Open
  • TTM Yield 6.46%
  • Turnover Ratio 88%
NAV and 1-Day Return as of

Morningstar’s Analysis MKDCX

Will MKDCX 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 MKDCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MKDCX 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 MKDCX’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 MKDCX

More MKDCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 42.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd

11.91 240M
Technology

BlackRock Liquidity T-Fund Instl

11.77 237M
Cash and Equivalents

Samsung Electronics Co Ltd

6.76 136M
Technology

SK hynix Inc

6.15 124M
Technology

Elite Material Co Ltd

3.33 67M
Technology

Tencent Holdings Ltd

3.20 64M
Communication Services

OTP Bank PLC

2.36 48M
Financial Services

ASE Technology Holding Co Ltd

2.34 47M
Technology

Capitec Ltd

2.33 47M
Financial Services

SK Square

2.18 44M
Technology

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