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BlackRock Sustainable Emerging Markets Equity Fund

mutual fund
MRPCX
Payout Change
Pending
Price as of:
$9.25 -0.34 -3.55%
primary theme
Asia Pacific ex-Japan Equity
share class
R (MRPCX) Instl (MAPCX) K (MPCKX) A (MDPCX)
MRPCX (Mutual Fund)

BlackRock Sustainable Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$9.25 -0.34 -3.55%
primary theme
Asia Pacific ex-Japan Equity
share class
R (MRPCX) Instl (MAPCX) K (MPCKX) A (MDPCX)
MRPCX (Mutual Fund)

BlackRock Sustainable Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$9.25 -0.34 -3.55%
primary theme
Asia Pacific ex-Japan Equity
share class
R (MRPCX) Instl (MAPCX) K (MPCKX) A (MDPCX)

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Sustainable Emerging Markets Equity Fund

MRPCX | Fund

$9.25

$77.3 M

1.37%

$0.13

1.96%

Vitals

YTD Return

2.7%

1 yr return

8.2%

3 Yr Avg Return

-5.2%

5 Yr Avg Return

-1.1%

Net Assets

$77.3 M

Holdings in Top 10

33.8%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 81.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$100

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Sustainable Emerging Markets Equity Fund

MRPCX | Fund

$9.25

$77.3 M

1.37%

$0.13

1.96%

MRPCX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return -5.2%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.31%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    BlackRock Sustainable Emerging Markets Equity Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Jan 27, 2003
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Andrews

Fund Description

Under normal circumstances, the Fund seeks to invest at least 80% of its net assets plus any borrowings for investment purposes in the equity securities of issuers located in countries with emerging markets and derivatives that have similar economic characteristics.
An emerging market is the market of any country that the World Bank, the International Finance Corporation, the United Nations or its authorities have determined to have a low or middle income economy. Countries with emerging markets can be found in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa. For this purpose, emerging markets include, but are not limited to, the markets of all countries that comprise the MSCI Emerging Markets Index (the “Benchmark”). The Fund may also consider an issuer to be located in a country that has an emerging market if at least 50% of the issuer’s assets, gross revenues or profits in any one of the last two years represents assets or activities located in such countries.
Equity securities include common stock and preferred stock. The Fund primarily seeks to buy common stock and may also invest in preferred stock. The Fund may invest in equity securities of any market capitalization. From time to time the Fund may invest in shares of companies through “new issues” or initial public offerings (“IPOs”). The Fund may also purchase convertible securities.
The Fund may invest up to 25% of its assets in equity securities of issuers domiciled in the People’s Republic of China (“China” or the “PRC” and, for the purpose of this policy, excluding Hong Kong, Macau and Taiwan) and listed in China that are accessible through the Shanghai-Hong Kong Stock Connect program or the Shenzhen-Hong Kong Stock Connect program (collectively, “Stock Connect”).
To determine the Fund’s investable universe, Fund management will first seek to screen out certain issuers based on ESG criteria determined by BlackRock, subject to the considerations noted below.
Such screening criteria principally includes: (i) issuers that derive more than zero percent revenue from the production of controversial weapons; (ii) issuers that derive more than zero percent revenue from the production of civilian firearms; (iii) issuers that derive more than zero percent revenue from the production of tobacco-related products; (iv) issuers that derive more than five percent of revenue from thermal coal generation, unless such issuers either (a) have made certain commitments to reduce climate impact or (b) derive at least fifty percent of revenue from alternative energy sources; (v) issuers that derive more than five percent of revenue from thermal coal mining; (vi) issuers that derive more than five percent of revenue from oil sands extraction; and (vii) issuers identified as violators of the United Nations Global Compact, which are globally accepted principles covering corporate behavior in the areas of human rights, labor, environment, and anti-corruption.
Notwithstanding the foregoing, the Fund may invest in green bonds of issuers that exceed the thresholds stated in (iv), (v) or (vi) above. The Fund relies on one or more third-party ratings agencies to identify issuers for purposes of the above screening criteria. Third-party rating agencies may base the above screening criteria on an estimate when revenue for a covered business activity is not disclosed by the issuer or publicly available.
The Fund’s screening criteria is measured at the time of investment and is dependent upon information and data that may be incomplete, inaccurate, unavailable or estimated. Where the Fund’s criteria looks solely to third-party ratings or data, issuers are only screened to the extent such ratings or data have been assigned or made available by the third parties. This screening criteria is subject to change over time at BlackRock’s discretion. In addition, the Fund may gain indirect exposure (through, including but not limited to, derivatives and investments in other investment companies) to issuers with exposures that are inconsistent with the ESG-related criteria used by BlackRock.
The Fund will seek to invest in companies with sustainable business models which have a strong consideration for ESG risks and opportunities. Investment decisions are based on BlackRock’s fundamental research focusing on bottom up (i.e., company-specific) analysis that seeks to identify and select equity and equity-related securities that can, as a portfolio, deliver the Fund’s investment objective. BlackRock’s company-specific research uses techniques to assess equity characteristics such as strength of earnings, quality of balance sheet, cashflow trends and relative valuation, as well as assessing companies’ ESG practices. BlackRock also uses macro-economic and country level research to inform its equity selection and to identify opportunities where it considers particular countries may generate strong performance. BlackRock has a flexible allocation strategy with a focus on ESG principles which means that it does not have a persistent bias towards particular categories of investment, such as specific countries, industries or style factors (i.e., specific characteristics of companies that may be considered by Fund management to drive returns), but it may make allocation decisions based on such categories at particular times and will have a bias towards investments that BlackRock considers to have strong or improving ESG practices.
The Fund seeks to maintain certain ESG characteristics, climate risk exposure and climate opportunities relative to the Benchmark. Specifically, the Fund generally seeks to invest in a portfolio of equity securities that, in BlackRock’s view,
(i) has an aggregate ESG assessment that is better than that of the Benchmark, (ii) has an aggregate carbon emissions assessment that is lower than that of the Benchmark and (iii) in the aggregate, includes issuers that BlackRock believes are better positioned to capture climate opportunities relative to the issuers in the Benchmark. The Fund may invest in other sectors that are not included in such assessments.
The Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference) and forward contracts, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. In order to manage cash flows into or out of the Fund effectively, the Fund may buy and sell financial futures contracts or options on such contracts. Derivatives are financial instruments whose value is derived from another security, a currency or an index, including, but not limited to, the Benchmark. The use of options, futures, swaps and forward contracts can be effective in protecting or enhancing the value of the Fund’s assets.
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MRPCX - Performance

Return Ranking - Trailing

Period MRPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -1.8% 29.5% 87.23%
1 Yr 8.2% 1.5% 34.7% 82.98%
3 Yr -5.2%* -13.4% 8.7% 73.33%
5 Yr -1.1%* -3.1% 12.5% 97.73%
10 Yr 1.5%* 1.0% 9.0% 96.77%

* Annualized

Return Ranking - Calendar

Period MRPCX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -7.8% 14.0% 26.67%
2022 -22.8% -40.0% 2.8% 53.33%
2021 -24.6% -44.2% 15.5% 84.09%
2020 18.5% -13.5% 83.8% 79.55%
2019 20.9% -3.3% 44.7% 40.91%

Total Return Ranking - Trailing

Period MRPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -1.8% 29.5% 87.23%
1 Yr 8.2% 1.5% 34.7% 82.98%
3 Yr -5.2%* -13.4% 8.7% 73.33%
5 Yr -1.1%* -3.1% 12.5% 97.73%
10 Yr 1.5%* 1.0% 9.0% 96.77%

* Annualized

Total Return Ranking - Calendar

Period MRPCX Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -7.8% 20.1% 31.11%
2022 -22.0% -31.3% 5.2% 64.44%
2021 -12.0% -21.3% 22.4% 70.45%
2020 19.0% -9.6% 87.0% 88.64%
2019 21.1% 8.4% 44.8% 56.82%

NAV & Total Return History

MRPCX - Holdings

Concentration Analysis

MRPCX Category Low Category High MRPCX % Rank
Net Assets 77.3 M 1.68 M 4.44 B 78.72%
Number of Holdings 65 28 1566 46.81%
Net Assets in Top 10 26.2 M 1.87 M 2.13 B 78.72%
Weighting of Top 10 33.85% 19.8% 79.8% 82.98%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 11.59%
  2. SK Hynix Inc 3.31%
  3. Naspers Ltd 2.92%
  4. BlackRock Liquidity Funds: T-Fund, Institutional Shares 2.70%
  5. Tencent Holdings Ltd 2.40%
  6. Aldar Properties PJSC 2.27%
  7. Hapvida Participacoes e Investimentos S/A 2.22%
  8. Samsung Biologics Co Ltd 2.19%
  9. Bank Central Asia Tbk PT 2.14%
  10. MediaTek Inc 2.12%

Asset Allocation

Weighting Return Low Return High MRPCX % Rank
Stocks 		95.68% 0.00% 101.44% 82.98%
Cash 		3.06% 0.00% 10.80% 38.30%
Preferred Stocks 		1.26% 0.00% 3.18% 21.28%
Other 		0.00% -0.01% 3.93% 27.66%
Convertible Bonds 		0.00% 0.00% 0.49% 14.89%
Bonds 		0.00% 0.00% 93.37% 8.51%

Stock Sector Breakdown

Weighting Return Low Return High MRPCX % Rank
Technology 		33.33% 0.00% 35.18% 4.26%
Financial Services 		26.81% 7.86% 53.75% 21.28%
Consumer Cyclical 		9.23% 2.54% 30.22% 76.60%
Communication Services 		6.60% 0.00% 16.87% 55.32%
Consumer Defense 		6.11% 0.00% 15.16% 40.43%
Healthcare 		5.83% 0.00% 11.60% 48.94%
Real Estate 		3.87% 0.00% 16.03% 59.57%
Basic Materials 		3.28% 0.00% 24.13% 27.66%
Industrials 		3.22% 0.00% 28.54% 82.98%
Energy 		1.72% 0.00% 7.66% 44.68%
Utilities 		0.00% 0.00% 7.67% 48.94%

Stock Geographic Breakdown

Weighting Return Low Return High MRPCX % Rank
Non US 		81.92% 0.00% 99.96% 57.45%
US 		13.76% 0.00% 40.34% 42.55%

MRPCX - Expenses

Operational Fees

MRPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.96% 0.19% 16.32% 12.77%
Management Fee 0.60% 0.19% 1.50% 17.02%
12b-1 Fee 0.50% 0.00% 1.00% 80.95%
Administrative Fee N/A 0.08% 0.15% N/A

Sales Fees

MRPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MRPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MRPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 9.00% 222.00% 75.00%

MRPCX - Distributions

Dividend Yield Analysis

MRPCX Category Low Category High MRPCX % Rank
Dividend Yield 1.37% 0.00% 8.32% 55.32%

Dividend Distribution Analysis

MRPCX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually SemiAnnual Annual

Net Income Ratio Analysis

MRPCX Category Low Category High MRPCX % Rank
Net Income Ratio 0.31% -1.41% 4.89% 48.94%

Capital Gain Distribution Analysis

MRPCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MRPCX - Fund Manager Analysis

Managers

Stephen Andrews

Start Date

Tenure

Tenure Rank

Apr 01, 2020

2.16

2.2%

Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund.

Emily Fletcher

Start Date

Tenure

Tenure Rank

Nov 09, 2021

0.56

0.6%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.43 5.64 3.0

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