BlackRock Total Emerging Markets Fund

Data updated: 2020-12-28

C000125531 — BlackRock Total Emerging Markets Fund. Money Market · $107.08M AUM · 0.93% expense ratio. Holdings, fees, performance and SEC filings.

C000125531 Fund Overview

BlackRock Total Emerging Markets Fund is a US mutual fund managed by Blackrock Funds, categorised as Money Market. 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: Money Market
Assets under management: $107.08M
1-year return: 8.9%
SEC CIK: 0000844779
SEC series ID: S000040403
Share class ID: C000125531

C000125531 Investment Objective and Strategy

BlackRock Total 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 Total Emerging Markets Fund (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek total return.

Principal investment strategy

Under normal circumstances, the Fund seeks to invest at least 80% of its net assets plus any borrowings for investment purposes in equity and debt instruments and related derivative instruments issued by, or tied economically to, companies or other issuers located in emerging markets. This is a non-fundamental policy of the Fund and may be changed with 60 days prior notice to shareholders. 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 SM . 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 issuers 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 seeks to achieve its investment objective by investing in a broad range of asset classes, such as equity securities, fixed- and floating-rate debt instruments, derivatives, currency- and commodity-related instruments and structured products. The Fund has flexibility in the relative weighting of each asset class and expects to vary the percentages of assets invested in each asset category from time to time. The Fund may invest in securities of companies of any market capitalization and may take both long and short positions in a variety of global instruments. With respect to the Funds equity investments, the Fund may invest in common stock, preferred stock, securities convertible into common and preferred stock and non-convertible preferred stock. From time to time, the Fund may invest in shares of companies through initial public offerings (IPOs).

The Fund may invest in securities of both U.S. or non-U.S. issuers, which can be U.S. dollar based or non-U.S. dollar based and may be currency hedged or unhedged. With respect to the Funds fixed income investments, the Fund may invest in a variety of instruments such as government obligations, corporate bonds and notes, including bonds and notes convertible into equity securities, mortgage-backed securities, asset-backed securities, floating or variable rate obligations, municipal obligations, zero coupon debt securities and bank loans. The Fund may also invest significantly in non-investment grade bonds (high yield bonds, distressed securities or junk bonds, or those bonds determined by Fund management to be of similar quality), non-investment grade bank loans, and non-dollar denominated bonds.

The Funds non-dollar denominated bonds may be on a currency hedged or unhedged basis. The average portfolio duration of the fixed income portion of the Fund will vary based on the management teams forecast of interest rates and there are no limits regarding portfolio duration or average maturity. The Fund may use derivatives, including options, futures, indexed securities, inverse securities, contracts for difference, swap agreements, including interest rate and credit default swap agreements, forward contracts and foreign currency transactions, including forwards on currency, 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. The Fund expects to utilize contracts for difference, swap agreements and other derivatives to maintain all or a significant portion of its long and short positions in emerging market securities.

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 (such as oil or gas), a currency or an index. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls). The Fund may invest in commodity-linked derivatives. The Fund may gain exposure to commodity-linked derivatives by investing in BlackRock Cayman Emerging Market Allocation Fund, Ltd., a wholly-owned subsidiary of the Fund (the Subsidiary) formed in the Cayman Islands, which will invest primarily in commodity-related instruments.

As part of its normal operations, the Fund may hold cash or high quality money market securities pending investments or when it expects to need cash to pay redeeming shareholders. The Fund also may invest in these securities in order to achieve its investment goal. Money market securities are short term securities consisting primarily of short term U.S. Government securities, U.S. Government agency securities, securities issued by U.S. Government sponsored enterprises and U.S. Government instrumentalities, bank obligations, commercial paper, including asset backed commercial paper, corporate notes and repurchase agreements.

C000125531 Performance

Total returns for C000125531 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	8.9%

C000125531 Risk Information

Risk metrics for C000125531, derived from monthly returns in SEC filings.

1-year volatility (annualised): 21.1%

C000125531 Costs and Fees

C000125531 costs about $93 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.93%
Gross expense ratio: 1.42%
Portfolio turnover: 21%
Brokerage commissions: 5.27 bps of average net assets (SEC N-CEN)

C000125531 Cashflows

Over the 12 months to 2020-10, BlackRock Total Emerging Markets Fund had net outflows of $43.25M, from monthly SEC N-PORT filings.

Month	Net flow
2020-10	−$3.04M
2020-09	−$2.22M
2020-08	−$137.77K
2020-07	$171.90K
2020-06	−$3.16M
2020-05	−$1.00M

C000125531 Debt Constituents

No individual debt constituents are reported in BlackRock Total Emerging Markets Fund's latest SEC N-PORT filing.

C000125531 Prospectus and SEC Filings

Official BlackRock Total Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.