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Trending ETFs

Name

As of 06/18/2024

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

$8.90

$9.79 M

1.28%

$0.11

5.58%

Vitals

YTD Return

7.5%

1 yr return

8.1%

3 Yr Avg Return

-6.1%

5 Yr Avg Return

N/A

Net Assets

$9.79 M

Holdings in Top 10

26.4%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.58%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 147.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

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

$8.90

$9.79 M

1.28%

$0.11

5.58%

BLZAX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return -6.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.31%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Sustainable Advantage Emerging Markets Equity Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Aug 18, 2020
  • Shares Outstanding
    20606
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeff 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 “Benchmark”). 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; or (3) the investment is included in an index representative of emerging markets.
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 Benchmark. The Benchmark is a capitalization-weighted index from a broad range of industries chosen for market size, liquidity and industry group representation. As of July 31, 2023, the issuers in the Benchmark have a market capitalization ranging from $119.4 million to $442.9 billion.
Equity securities include common stock, preferred stock and convertible securities. The Fund primarily seeks to buy common stock and may also invest in preferred stock and convertible securities.
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.
BlackRock seeks to utilize exclusionary screens in determining the investment universe and to incorporate investment insights related to ESG characteristics in the portfolio construction process.
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 of revenue from the production of controversial weapons; (ii) issuers that derive more than zero percent of revenue from the production of civilian firearms; (iii) issuers that derive more than zero percent of 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; and (vi) issuers that derive more than five percent of revenue from oil sands extraction.
Notwithstanding the foregoing, the Fund may invest in green bonds of issuers that exceed the thresholds stated in (iv), (v) and (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 then 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. The investment process is driven with systematic and quantitative implementation based on an issuer’s expected returns, which include measurable ESG characteristics, risk and transaction costs, as determined by BlackRock’s proprietary research.
BlackRock then constructs and rebalances the portfolio’s weightings by integrating its investment insights with the model-based optimization process. Certain of the investment insights relate to ESG characteristics in BlackRock-defined categories, including, but not limited to, (i) superior growth characteristics of issuers, (ii) risk mitigation characteristics of issuers, (iii) themes related to social matters and (iv) economic transition, which includes, but is not limited to, environmental considerations. Examples of such ESG characteristics include management quality, governance, controversies at issuers, public health analytics and an issuer’s innovation-oriented research and development. The ESG characteristics utilized in the portfolio construction process may change over time and one or more characteristics may not be relevant to all issuers that are eligible for investment.
From time to time, the Fund may invest in shares of companies through “new issues” or initial public offerings (“IPOs”).
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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BLZAX - Performance

Return Ranking - Trailing

Period BLZAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -9.0% 20.4% 52.05%
1 Yr 8.1% -13.0% 31.8% 60.08%
3 Yr -6.1%* -21.1% 10.6% 59.40%
5 Yr N/A* -5.8% 12.2% N/A
10 Yr N/A* -2.8% 6.2% N/A

* Annualized

Return Ranking - Calendar

Period BLZAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -6.5% 35.5% 78.83%
2022 -23.8% -50.1% -2.4% 45.28%
2021 -12.2% -33.1% 22.5% 79.58%
2020 N/A -22.1% 80.1% N/A
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period BLZAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -9.0% 20.4% 52.05%
1 Yr 8.1% -13.0% 31.8% 60.08%
3 Yr -6.1%* -21.1% 10.6% 59.40%
5 Yr N/A* -5.8% 12.2% N/A
10 Yr N/A* -2.8% 6.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BLZAX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -2.7% 42.0% 76.64%
2022 -22.1% -42.2% 1.9% 44.15%
2021 -2.9% -32.5% 33.1% 60.80%
2020 N/A -20.0% 81.6% N/A
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History


BLZAX - Holdings

Concentration Analysis

BLZAX Category Low Category High BLZAX % Rank
Net Assets 9.79 M 682 K 103 B 95.50%
Number of Holdings 164 10 7049 28.92%
Net Assets in Top 10 2.59 M 290 K 19.2 B 95.09%
Weighting of Top 10 26.44% 2.9% 140.4% 71.31%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co. Ltd. 7.36%
  2. Tencent Holdings Ltd. 3.58%
  3. Samsung Electronics Co. Ltd. 3.56%
  4. BlackRock Liquidity Funds, T-Fund, Institutional Class 2.86%
  5. Alibaba Group Holding Ltd. 2.24%
  6. China Construction Bank Corp., Class H 1.61%
  7. Reliance Industries Ltd. 1.51%
  8. MediaTek, Inc. 1.26%
  9. Industrial Commercial Bank of China Ltd., Class H 1.24%
  10. Bank Central Asia Tbk. PT 1.21%

Asset Allocation

Weighting Return Low Return High BLZAX % Rank
Stocks
95.86% 0.00% 102.46% 63.98%
Cash
2.86% -2.03% 40.36% 34.65%
Preferred Stocks
2.06% 0.00% 10.09% 25.65%
Convertible Bonds
0.00% 0.00% 7.40% 76.37%
Bonds
0.00% 0.00% 92.29% 78.31%
Other
-0.07% -0.21% 37.51% 97.95%

Stock Sector Breakdown

Weighting Return Low Return High BLZAX % Rank
Technology
24.32% 0.00% 47.50% 38.67%
Financial Services
22.53% 0.00% 48.86% 44.48%
Consumer Cyclical
11.05% 0.00% 48.94% 65.88%
Basic Materials
8.87% 0.00% 30.03% 40.75%
Communication Services
7.79% 0.00% 39.29% 64.36%
Utilities
5.48% 0.00% 39.12% 3.59%
Energy
5.20% 0.00% 24.80% 33.01%
Healthcare
5.14% 0.00% 16.53% 30.25%
Industrials
4.45% 0.00% 43.53% 76.52%
Consumer Defense
3.61% 0.00% 25.90% 84.39%
Real Estate
1.57% 0.00% 17.15% 51.80%

Stock Geographic Breakdown

Weighting Return Low Return High BLZAX % Rank
Non US
92.34% 0.00% 100.18% 20.60%
US
3.52% 0.00% 99.51% 81.99%

BLZAX - Expenses

Operational Fees

BLZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.58% 0.03% 29.98% 4.10%
Management Fee 0.80% 0.00% 2.00% 38.66%
12b-1 Fee 0.25% 0.00% 1.00% 48.88%
Administrative Fee 0.06% 0.01% 0.85% 30.77%

Sales Fees

BLZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 3.50% 5.75% 78.26%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BLZAX 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.

BLZAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 147.00% 0.00% 189.00% 97.33%

BLZAX - Distributions

Dividend Yield Analysis

BLZAX Category Low Category High BLZAX % Rank
Dividend Yield 1.28% 0.00% 9.74% 43.66%

Dividend Distribution Analysis

BLZAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

BLZAX Category Low Category High BLZAX % Rank
Net Income Ratio 0.31% -1.98% 17.62% 65.16%

Capital Gain Distribution Analysis

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

Distributions History

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BLZAX - Fund Manager Analysis

Managers

Jeff Shen


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

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.

Richard Mathieson


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

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

Anna Hawley


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

Director of BlackRock, Inc. since 2009; Principal of BGI from 2007 to 2009; Associate of BGI from 2002 to 2007;

David Piazza


Start Date

Tenure

Tenure Rank

Aug 18, 2020

1.78

1.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42