Equity

BlackRock Emerging Markets Alpha Tilts Fund

  • NAV as of 19/Nov/2024 USD 11.46
    52 WK: 9.84 - 12.36
  • 1 Day NAV Change as of 19/Nov/2024 0.05 (0.45%)

Overview

Investment Approach


The Fund aims to achieve long-term capital growth on your investment.

In order to achieve its investment objective and policy, the Fund invests primarily in the equity securities (e.g. shares) of companies domiciled in, or the main business of which is in, emerging market countries and/or in the shares of companies domiciled in, or the main business of which is in, developed markets, but which have significant business operations in emerging markets.

The Fund will use quantitative (i.e. mathematical or statistical) models in order to achieve a systematic (i.e. rule based) approach to stock selection, based on their expected contribution to portfolio returns when risk and transaction cost forecasts are taken into account.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

Chart

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Source: For UK-domiciled funds (such as the BlackRock Retail Authorised Unit Trusts and BlackRock Collective Investment Funds 'BCIF'), performance is shown on a bid to bid price basis, with net income reinvested, in the currency indicated on the chart. Performance is shown net of fees. For Luxembourg-domiciled funds (such as BlackRock Global Funds 'BGF' and BlackRock Strategic Funds 'BSF'), performance is shown on a net asset value basis, with gross income reinvested, in the currency indicated in the chart. Performance is shown net of fees. Past performance is not a guide to future performance.

This chart shows the fund's performance as the percentage loss or gain per year over the last 6 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) -14.1 19.7 16.0 -2.6 -20.6 9.4
Constraint Benchmark 1 (%) -14.6 18.4 18.3 -2.5 -20.1 9.8

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1y 3y 5y 10y Incept.
Total Return (%) 23.85 -1.53 3.35 - 2.34
Constraint Benchmark 1 (%) 25.32 -1.43 3.93 - 2.60
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 11.73 -3.49 4.62 7.59 23.85 -4.52 17.93 - 17.27
Constraint Benchmark 1 (%) 11.66 -4.45 3.58 8.59 25.32 -4.23 21.25 - 19.29
  From
30-Sept-2019
To
30-Sept-2020 		From
30-Sept-2020
To
30-Sept-2021 		From
30-Sept-2021
To
30-Sept-2022 		From
30-Sept-2022
To
30-Sept-2023 		From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30/Sept/2024

8.97 16.88 -28.42 12.44 23.93
Constraint Benchmark 1 (%)

as of 30/Sept/2024

- 18.20 -28.11 11.70 26.05

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in USD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 19/Nov/2024
USD 293,593,519
Fund Launch Date
12/Dec/2017
Fund Base Currency
USD
Constraint Benchmark 1
MSCI Emerging Markets Index (Net)
Initial Charge
-
Management Fee
1.10%
Performance Fee
0.00%
Domicile
Ireland
Management Company
BlackRock Asset Management Ireland Limited
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BLEMAZA
Share Class launch date
12/Dec/2017
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.72%
ISIN
IE00BDZSCV44
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BDZSCV4

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31/Oct/2024
241
3y Beta
as of 31/Oct/2024
0.981
P/B Ratio
as of 31/Oct/2024
1.92
Standard Deviation (3y)
as of 31/Oct/2024
17.60%
P/E Ratio
as of 31/Oct/2024
16.74

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 30/Sept/2024)
Analyst-Driven % as of 30/Sept/2024
55.00
Data Coverage % as of 30/Sept/2024
98.00

Holdings

Holdings

as of 31/Oct/2024
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.26
TENCENT HOLDINGS LTD 4.95
SAMSUNG ELECTRONICS CO LTD 3.36
ALIBABA GROUP HOLDING LTD 3.02
MEITUAN 1.81
Name Weight (%)
INFOSYS LTD 1.57
MEDIATEK INC 1.50
HON HAI PRECISION INDUSTRY CO LTD 1.45
AL RAJHI BANKING & INVESTMENT CORPORATION SJSC 1.31
PING AN INSURANCE GROUP CO OF CHINA LTD 1.26
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Sorry, geographic exposures are not available at this time.
as of 31/Oct/2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class Z USD - 11.46 0.05 0.45 19/Nov/2024 12.36 9.84 IE00BDZSCV44
Class Flexible USD - 11.94 0.05 0.45 19/Nov/2024 12.87 10.20 IE00BDZSCX67
Class D USD - 11.59 0.05 0.45 19/Nov/2024 12.50 9.96 IE00BDZSCT22

Portfolio Managers

Portfolio Managers

Jeff Shen
Jeff Shen
Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE) at BlackRock.

Managing Director

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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.

David Piazza
David Piazza

Literature

Literature