BlackRock Advantage Emerging Markets Fund
Data updated: 2026-09-25
C000103256 — BlackRock Advantage Emerging Markets Fund. Holdings, fees, performance and SEC filings.
C000103256 Fund Overview
BlackRock Advantage Emerging Markets Fund is a US mutual fund managed by Blackrock Funds, categorised as Emerging Markets Large Cap Growth Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: Emerging Markets Large Cap Growth Information Technology Equity
- Assets under management: $67.15M
- 1-year return: 48.7%
- SEC CIK: 0000844779
- SEC series ID: S000033603
- Share class ID: C000103256
C000103256 Investment Objective and Strategy
BlackRock Advantage Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of BlackRock Advantage Emerging Markets Fund (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek long-term capital appreciation.
Principal investment strategy
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; (3) the investment is included in an index representative of emerging markets; and (4) the investment is exposed to the economic risks and returns of emerging markets.
The Fund primarily intends to invest in equity securities, which include common stock, preferred stock and convertible securities, 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 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 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.
C000103256 Holdings
Top 10 holdings of BlackRock Advantage Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 14.43% |
| Samsung Electronics Co Ltd | 7.43% |
| SK hynix Inc | 4.83% |
| BlackRock Liquidity Funds | 4.40% |
| Tencent Holdings Ltd | 3.63% |
| Alibaba Group Holding Ltd | 1.66% |
| Ping An Insurance Group Co of China Ltd | 1.43% |
| Hon Hai Precision Industry Co Ltd | 1.33% |
| Petroleo Brasileiro SA - Petrobras | 1.29% |
| MediaTek Inc | 1.27% |
C000103256 Portfolio Allocation
Asset-class allocation of BlackRock Advantage Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.0% |
| Cash & Equivalents | 4.5% |
C000103256 Performance
Total returns for C000103256 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 17.3% |
| 1 year | 48.7% |
| 3 years (annualised) | 19.2% |
| 5 years (annualised) | 4.4% |
C000103256 Risk Information
Risk metrics for C000103256, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.5%
C000103256 Costs and Fees
C000103256 costs about $117 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.17%
- Gross expense ratio: 2.41%
- Portfolio turnover: 224%
- Brokerage commissions: 26.22 bps of average net assets (SEC N-CEN)
C000103256 Cashflows
Over the 12 months to 2026-04, BlackRock Advantage Emerging Markets Fund had net outflows of $140.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $68.63K |
| 2026-03 | −$1.26M |
| 2026-02 | $566.18K |
| 2026-01 | $838.56K |
| 2025-12 | −$1.35M |
| 2025-11 | $451.62K |
C000103256 Debt Constituents
No individual debt constituents are reported in BlackRock Advantage Emerging Markets Fund's latest SEC N-PORT filing.
C000103256 Prospectus and SEC Filings
Official BlackRock Advantage Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-08-25
- Prospectus (485BPOS) — filed 2025-08-25
- Prospectus (485BPOS) — filed 2024-08-26
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2025-07-11
- Annual census (N-CEN) — filed 2024-07-12
Related Funds
Other Emerging Markets Large Cap Growth Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.