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BlackRock China A Opportunities Fund
mutual fund
CHKLX
Payout Change
Pending
Price as of:
$14.76
+0.23
+1.58%
primary theme
China Region Equity
share class
CHKLX (Mutual Fund)
BlackRock China A Opportunities Fund
Payout Change
Pending
Price as of:
$14.76
+0.23
+1.58%
primary theme
China Region Equity
share class
CHKLX (Mutual Fund)
BlackRock China A Opportunities Fund
Payout Change
Pending
Price as of:
$14.76
+0.23
+1.58%
primary theme
China Region Equity
share class
Name
As of 10/04/2024Price
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
28.8%
1 yr return
21.6%
3 Yr Avg Return
-5.7%
5 Yr Avg Return
6.8%
Net Assets
$14.3 M
Holdings in Top 10
29.0%
52 WEEK LOW AND HIGH
$14.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 164.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
CHKLX - Profile
Distributions
- YTD Total Return 28.8%
- 3 Yr Annualized Total Return -5.7%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.61%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBlackRock China A Opportunities Fund
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateDec 27, 2018
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRui Zhao
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 of issuers domiciled in the People’s Republic of China (“China” or the “PRC” and, for the purpose of this prospectus, excluding Hong Kong, Macau and Taiwan) and listed in China (i.e., A-shares), and derivatives that have similar economic characteristics to such securities. “A-shares” are equity securities of companies domiciled in China that trade on the Shanghai Stock Exchange (“SSE”) and the Shenzhen Stock Exchange (“SZSE”) and are quoted in renminbi (“RMB”).
The Fund primarily intends to invest in equity securities or other financial instruments that are components of, or have characteristics similar to, the securities included in the MSCI China A Onshore Index. The MSCI China A Onshore Index captures large and mid-cap representation across China securities listed on the SSE and SZSE. The index includes those securities that are accessible through the Shanghai-Hong Kong Stock Connect program (“Shanghai Connect”) or the Shenzhen-Hong Kong Stock Connect program (“Shenzhen Connect” and, together with Shanghai Connect, “Stock Connect”) or the Qualified Foreign Institutional Investor (“QFII”) system. The Fund may invest in issuers of any market capitalization. The Fund primarily seeks to buy common stock and may also invest in preferred stock and convertible securities. From time to time, the Fund may invest in shares of companies through “new issues” or initial public offerings (“IPOs”).
The Fund intends to invest in A-shares primarily through Stock Connect. Trading through Stock Connect is subject to a daily quota (the “Daily Quota”), which limits the maximum net purchases under Stock Connect each day and, as such, buy orders for A-shares would be rejected once the Daily Quota is exceeded (although the Fund will be permitted to sell A-shares regardless of the Daily Quota balance).
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 commodity, a currency or an index, including but not limited to the MSCI China A Onshore Index. The use of options, futures, swaps and forward contracts can be effective in protecting or enhancing the value of the Fund’s assets. The Fund may engage in active and frequent trading of portfolio securities to seek to achieve its primary investment strategies.
CHKLX - Performance
Return Ranking - Trailing
| Period | CHKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.8% | 7.5% | 49.1% | 47.42% |
| 1 Yr | 21.6% | 1.6% | 43.1% | 52.58% |
| 3 Yr | -5.7%* | -16.0% | 6.6% | 36.26% |
| 5 Yr | 6.8%* | -9.8% | 16.2% | 21.62% |
| 10 Yr | N/A* | -3.0% | 9.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CHKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -14.1% | -26.6% | 26.3% | 26.80% |
| 2022 | -29.2% | -41.6% | -9.4% | 62.64% |
| 2021 | 2.4% | -52.5% | 26.5% | 12.50% |
| 2020 | 43.0% | 1.3% | 138.5% | 25.00% |
| 2019 | 27.4% | -1.9% | 42.6% | 40.54% |
Total Return Ranking - Trailing
| Period | CHKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.8% | 7.5% | 49.1% | 47.42% |
| 1 Yr | 21.6% | 1.6% | 43.1% | 52.58% |
| 3 Yr | -5.7%* | -16.0% | 6.6% | 36.26% |
| 5 Yr | 6.8%* | -9.8% | 16.2% | 21.62% |
| 10 Yr | N/A* | -3.0% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CHKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.3% | -25.7% | 30.1% | 26.80% |
| 2022 | -28.5% | -40.4% | -6.8% | 67.03% |
| 2021 | 3.7% | -48.9% | 29.5% | 18.18% |
| 2020 | 48.6% | 2.0% | 138.5% | 31.58% |
| 2019 | 44.4% | 7.8% | 44.4% | 1.35% |
NAV & Total Return History
CHKLX - Holdings
Concentration Analysis
| CHKLX | Category Low | Category High | CHKLX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.3 M | 834 K | 5.63 B | 81.44% |
| Number of Holdings | 161 | 27 | 1176 | 10.31% |
| Net Assets in Top 10 | 4.16 M | 477 K | 3.28 B | 81.44% |
| Weighting of Top 10 | 28.99% | 5.7% | 85.4% | 94.85% |
Top 10 Holdings
- China Merchants Bank Co. Ltd., Class A 4.02%
- Kweichow Moutai Co. Ltd., Class A 3.74%
- Wuliangye Yibin Co. Ltd., Class A 3.02%
- Midea Group Co. Ltd., Class A 2.90%
- Gree Electric Appliances, Inc. of Zhuhai, Class A 2.74%
- Contemporary Amperex Technology Co. Ltd., Class A 2.67%
- BYD Co. Ltd., Class A 2.58%
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A 2.53%
- BOE Technology Group Co. Ltd., Class A 2.48%
- Weichai Power Co. Ltd., Class A 2.32%
Asset Allocation
| Weighting | Return Low | Return High | CHKLX % Rank | |
|---|---|---|---|---|
| Stocks | 99.56% | 51.72% | 100.63% | 19.59% |
| Cash | 1.15% | 0.00% | 33.85% | 71.13% |
| Other | 0.00% | -0.02% | 47.32% | 12.37% |
| Preferred Stocks | 0.00% | 0.00% | 2.47% | 95.88% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 95.70% |
| Bonds | 0.00% | 0.00% | 0.00% | 95.88% |
CHKLX - Expenses
Operational Fees
| CHKLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.53% | 0.09% | 14.63% | 17.53% |
| Management Fee | 0.75% | 0.09% | 1.50% | 31.96% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.06% | 0.06% | 0.25% | 4.55% |
Sales Fees
| CHKLX 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
| CHKLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| CHKLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 164.00% | 4.00% | 241.00% | 93.67% |
CHKLX - Distributions
Dividend Yield Analysis
| CHKLX | Category Low | Category High | CHKLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.63% | 0.00% | 8.89% | 29.90% |
Dividend Distribution Analysis
| CHKLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| CHKLX | Category Low | Category High | CHKLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.61% | -1.76% | 3.66% | 25.81% |
Capital Gain Distribution Analysis
| CHKLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2023 | $0.241 | OrdinaryDividend |
| Dec 08, 2022 | $0.129 | OrdinaryDividend |
| Dec 10, 2021 | $0.231 | OrdinaryDividend |
| Dec 10, 2020 | $0.673 | OrdinaryDividend |
| Dec 12, 2019 | $1.221 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.422 | OrdinaryDividend |
CHKLX - Fund Manager Analysis
Managers
Rui Zhao
Start Date
Tenure
Tenure Rank
Dec 27, 2018
3.43
3.4%
Jeff Shen
Start Date
Tenure
Tenure Rank
Dec 27, 2018
3.43
3.4%
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.
Gerardo Rodriguez
Start Date
Tenure
Tenure Rank
Dec 27, 2018
3.43
3.4%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 24.1 | 3.69 | 3.22 |
