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BlackRock Advantage Emerging Markets Fund
mutual fund
BLSAX
Payout Change
Pending
Price as of:
$10.77
-0.23
-2.09%
primary theme
Emerging Markets Equity
share class
BLSAX (Mutual Fund)
BlackRock Advantage Emerging Markets Fund
Payout Change
Pending
Price as of:
$10.77
-0.23
-2.09%
primary theme
Emerging Markets Equity
share class
BLSAX (Mutual Fund)
BlackRock Advantage Emerging Markets Fund
Payout Change
Pending
Price as of:
$10.77
-0.23
-2.09%
primary theme
Emerging Markets Equity
share class
Name
As of 10/08/2024Price
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
Vitals
YTD Return
15.3%
1 yr return
22.2%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
4.0%
Net Assets
$91.6 M
Holdings in Top 10
33.5%
52 WEEK LOW AND HIGH
$11.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.78%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 180.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
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
BLSAX - Profile
Distributions
- YTD Total Return 15.3%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.98%
- Dividend Yield 1.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameBlackRock Advantage Emerging Markets Fund
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateOct 06, 2011
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeff Shen
Fund Description
Under normal circumstances, the Fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities issued by, or tied economically to, companies in emerging markets and derivatives that have similar economic characteristics to such securities. BlackRock considers an emerging market country to include any country that is: (1) generally recognized to be an emerging market country by the international financial community, including the World Bank; (2) classified by the United Nations as a developing country; or (3) included in the MSCI Emerging Markets Index (the “MSCI EM Index”). BlackRock determines that an investment is tied economically to an emerging market if such investment satisfies one or more of the following conditions: (1) the issuer’s primary trading market is in an emerging market; (2) the issuer is organized under the laws of, derives at least 50% of its revenue from, or has at least 50% of its assets in emerging markets; and (3) the investment is included in an index representative of emerging markets. Equity securities include common stock, preferred stock and depositary receipts. Generally, the Fund will invest in equities or other financial instruments that are components of, or have characteristics similar to, the securities included in the MSCI EM Index. The MSCI EM Index is a capitalization-weighted index from a broad range of industries chosen for market size, liquidity and industry group representation. The Fund primarily seeks to buy common stock and may also invest in preferred stock. 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 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 MSCI EM Index. The use of 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 can be effective in protecting or enhancing the value of the Fund’s assets.
The Fund seeks to pursue its investment objective by investing in equity securities in a disciplined manner, by using proprietary return forecast models that incorporate quantitative analysis. These forecast models are designed to identify aspects of mispricing across stocks which the Fund can seek to capture by over- and under-weighting particular equities while seeking to control incremental risk.
BLSAX - Performance
Return Ranking - Trailing
| Period | BLSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.3% | -12.4% | 33.1% | 32.35% |
| 1 Yr | 22.2% | -4.5% | 45.9% | 46.92% |
| 3 Yr | -1.0%* | -12.3% | 12.7% | 46.36% |
| 5 Yr | 4.0%* | -2.9% | 13.1% | 67.20% |
| 10 Yr | 1.6%* | -2.5% | 7.1% | 92.15% |
* Annualized
Return Ranking - Calendar
| Period | BLSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | -6.5% | 35.5% | 65.22% |
| 2022 | -24.5% | -50.1% | -2.4% | 52.74% |
| 2021 | -5.5% | -33.1% | 22.5% | 53.66% |
| 2020 | 14.6% | -22.1% | 80.1% | 60.70% |
| 2019 | 14.9% | -0.7% | 42.0% | 76.03% |
Total Return Ranking - Trailing
| Period | BLSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.3% | -12.4% | 33.1% | 32.35% |
| 1 Yr | 22.2% | -4.5% | 45.9% | 46.92% |
| 3 Yr | -1.0%* | -12.3% | 12.7% | 46.36% |
| 5 Yr | 4.0%* | -2.9% | 13.1% | 67.20% |
| 10 Yr | 1.6%* | -2.5% | 7.1% | 92.15% |
* Annualized
Total Return Ranking - Calendar
| Period | BLSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.0% | -2.7% | 42.0% | 67.60% |
| 2022 | -21.7% | -42.2% | 1.9% | 40.06% |
| 2021 | -4.5% | -32.5% | 33.1% | 72.71% |
| 2020 | 16.2% | -20.0% | 81.6% | 61.98% |
| 2019 | 17.1% | 2.3% | 42.0% | 80.00% |
NAV & Total Return History
BLSAX - Holdings
Concentration Analysis
| BLSAX | Category Low | Category High | BLSAX % Rank | |
|---|---|---|---|---|
| Net Assets | 91.6 M | 682 K | 103 B | 76.43% |
| Number of Holdings | 155 | 10 | 7534 | 28.87% |
| Net Assets in Top 10 | 30.7 M | 290 K | 23.8 B | 76.29% |
| Weighting of Top 10 | 33.48% | 2.9% | 100.2% | 58.38% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 9.39%
- BlackRock Liquidity Funds: T-Fund, Institutional Shares 5.26%
- Tencent Holdings Ltd 4.73%
- Samsung Electronics Co Ltd 3.58%
- Alibaba Group Holding Ltd 2.89%
- ICICI Bank Ltd 1.64%
- Meituan 1.60%
- Tata Consultancy Services Ltd 1.56%
- MediaTek Inc 1.41%
- Vale SA 1.40%
Asset Allocation
| Weighting | Return Low | Return High | BLSAX % Rank | |
|---|---|---|---|---|
| Stocks | 91.53% | 0.00% | 107.82% | 91.77% |
| Cash | 5.49% | -2.03% | 16.88% | 8.23% |
| Preferred Stocks | 2.93% | 0.00% | 13.31% | 11.85% |
| Other | 0.04% | -0.46% | 26.93% | 17.43% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 68.12% |
| Bonds | 0.00% | 0.00% | 88.10% | 71.97% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BLSAX % Rank | |
|---|---|---|---|---|
| Technology | 24.69% | 0.00% | 47.50% | 37.15% |
| Financial Services | 21.50% | 0.00% | 48.86% | 53.25% |
| Basic Materials | 10.90% | 0.00% | 30.03% | 24.15% |
| Consumer Cyclical | 10.07% | 0.00% | 48.94% | 78.25% |
| Communication Services | 7.17% | 0.00% | 39.29% | 72.60% |
| Energy | 6.59% | 0.00% | 24.80% | 17.94% |
| Consumer Defense | 5.81% | 0.00% | 25.90% | 60.03% |
| Healthcare | 5.16% | 0.00% | 16.53% | 30.51% |
| Industrials | 3.40% | 0.00% | 43.53% | 85.88% |
| Utilities | 3.15% | 0.00% | 39.12% | 18.64% |
| Real Estate | 1.55% | 0.00% | 17.15% | 52.82% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BLSAX % Rank | |
|---|---|---|---|---|
| Non US | 88.74% | 0.00% | 101.28% | 38.35% |
| US | 2.79% | 0.00% | 100.13% | 85.77% |
BLSAX - Expenses
Operational Fees
| BLSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.78% | 0.03% | 29.98% | 26.43% |
| Management Fee | 0.80% | 0.00% | 2.00% | 39.11% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.06% |
| Administrative Fee | 0.06% | 0.01% | 0.85% | 31.19% |
Sales Fees
| BLSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.25% | 3.50% | 5.75% | 78.65% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BLSAX 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.
| BLSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 180.00% | 0.00% | 189.00% | 98.80% |
BLSAX - Distributions
Dividend Yield Analysis
| BLSAX | Category Low | Category High | BLSAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.21% | 0.00% | 9.74% | 53.00% |
Dividend Distribution Analysis
| BLSAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Annual | Annual |
Net Income Ratio Analysis
| BLSAX | Category Low | Category High | BLSAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.98% | -1.98% | 17.62% | 40.67% |
Capital Gain Distribution Analysis
| BLSAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 08, 2023 | $0.118 | OrdinaryDividend |
| Jul 20, 2023 | $0.045 | OrdinaryDividend |
| Dec 07, 2022 | $0.330 | OrdinaryDividend |
| Dec 07, 2021 | $0.077 | OrdinaryDividend |
| Jul 15, 2021 | $0.048 | OrdinaryDividend |
| Dec 07, 2020 | $0.161 | OrdinaryDividend |
| Jul 16, 2020 | $0.000 | OrdinaryDividend |
| Dec 12, 2019 | $0.199 | OrdinaryDividend |
| Dec 15, 2015 | $0.110 | CapitalGainLongTerm |
| Dec 26, 2013 | $0.023 | CapitalGainShortTerm |
| Dec 26, 2013 | $0.029 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.032 | CapitalGainShortTerm |
| Dec 21, 2011 | $0.013 | OrdinaryDividend |
BLSAX - Fund Manager Analysis
Managers
Jeff Shen
Start Date
Tenure
Tenure Rank
Oct 06, 2011
10.66
10.7%
Jeff Shen, PhD, Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE) at BlackRock. He is responsible for Asia Pacific and Emerging Market Active Equity Strategies. He is BlackRock's Head of Emerging Market and a member of the Global Operating Committee. Dr. Shen's service with BlackRock dates back to 2004, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was the Head of Investment for Asia Pacific and Emerging Market active equities. Prior to joining BGI, he began his career in 1997 with JP Morgan where he held numerous positions in global macro investment and asset allocation research in both New York and London. Dr. Shen earned a BA degree in Economics from Hobart College, a MA degree in Economics from University of Massachusetts at Amherst, and a PhD degree in Finance from New York University. Dr. Shen is an adjunct professor at NYU teaching a MBA class on international investment. He also serves on the advisory board of Clausen Center at UC Berkeley.
David Piazza
Start Date
Tenure
Tenure Rank
Jun 12, 2017
4.97
5.0%
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.
Gerardo Rodriguez
Start Date
Tenure
Tenure Rank
Jun 12, 2017
4.97
5.0%
Gerardo Rodriguez, Managing Director, is portfolio manager and senior investment strategist for Emerging Markets at BlackRock, Inc. He is also the business manager of BlackRock's Emerging Markets group. Mr. Rodriguez joined BlackRock in 2013 after a fruitful career of more than 14 years in the Mexican Ministry of Finance. Undersecretary of Finance and Public Credit for the Mexican Ministry of Finance from 2011 to 2013; Director General for Public Credit at the Mexican Ministry of Finance and Public Credit from 2005 to 2011. Mr. Rodriguez earned a BS degree in economics from Universidad de las Americas-Puebla (Mexico) and an MSc in Engineering-Economic Systems and Operations Research from Stanford University.
Richard Mathieson
Start Date
Tenure
Tenure Rank
Jun 12, 2017
4.97
5.0%
Richard Mathieson, CA, Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal at Barclays Global Investors from 2008 to 2009; Equity Analyst for Exista UK from 2007 to 2008; Principal at Barclays Global Investors from 2005 to 2007; Associate of Barclays Global Investors from 2001 to 2005. Mr. Mathieson is a member of the Systematic Active Equity division within BlackRock's Active Equities Group. He is a Portfolio Manager responsible for global equity strategies. Prior to this he led the Investment Strategy team in EMEA for Scientific Active Equity. Mr. Mathieson's service with the firm dates back to 2002, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to rejoining BGI in 2008, Mr. Mathieson was an equity analyst for a specialist investment company focused on European financial stocks. Previously he was with BGI as a senior portfolio manager, where he was responsible for managing both long only and market neutral strategies. Prior to joining the BlackRock, Inc. in 1999, Robert was a mortgage banking specialist at Ohio Savings Bank. Mr. Mathieson qualified as a Chartered Accountant with PricewaterhouseCoopers in 2000, and holds a Bachelor of Accountancy from the University of Glasgow
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.64 | 13.42 |
