BlackRock Emerging Markets Equity Strategies Fund
Data updated: 2023-05-04
C000166354 — BlackRock Emerging Markets Equity Strategies Fund. Money Market · $30.43M AUM · 2.32% expense ratio. Holdings, fees, performance and SEC filings.
C000166354 Fund Overview
BlackRock Emerging Markets Equity Strategies 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: $30.43M
- SEC CIK: 0000844779
- SEC series ID: S000052876
- Share class ID: C000166354
C000166354 Investment Objective and Strategy
BlackRock Emerging Markets Equity Strategies 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 Emerging Markets Equity Strategies Fund (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek total return.
Principal investment strategy
"Under normal conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity instruments and related derivative instruments issued by companies in, or tied economically to, emerging markets. 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. 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; or 4) the investment is exposed to the economic risks and returns of emerging markets.
The Fund may invest in securities of issuers of any market capitalization and in securities denominated in either U.S. dollars or foreign currencies. In pursuing its investment objective, the Fund may take both long and short positions in a variety of emerging markets equity instruments. The Fund expects to maintain long or short positions by investing in a mixture of equity securities and swap agreements and other derivative instruments in which Fund management may invest without limitation. Equity instruments consist of common stock, preferred stock, depositary receipts, securities convertible into common and preferred stock, non-convertible preferred stock, participation notes and exchange-traded funds on equity indices. From time to time, the Fund may invest in shares of companies through initial public offerings (""IPOs"").
In addition, the Fund may invest in derivative securities or instruments that are tied to emerging market equities, such as options, futures, swaps (including, but not limited to, total return swaps, some of which may be referred to as contracts for difference), forward contracts and foreign currency transactions, the value of which is based on a common stock or group of common stocks. A contract for difference offers exposure to price changes in an underlying security without ownership of such security, typically by providing investors the ability to trade on margin. The Fund may utilize derivative instruments as a significant part of its strategy. The Fund may invest up to 20% of its net assets (plus any borrowings for investment purposes) in equity instruments issued by or based on companies located outside of emerging markets or fixed-income instruments issued by or based on companies located in emerging markets or outside of emerging markets.
Fixed-income instruments include investment-grade corporate bonds and notes, sovereign debt and government bonds, each with less than 20 years to maturity, and derivatives tied to debt, such as credit default swaps and interest rate swaps. Investment grade bonds are bonds rated in the four highest categories by at least one of the major rating agencies or determined by Fund management to be of similar quality. The Fund may also invest in short-term investments such as cash and cash equivalents, U.S. Government and agency securities, money market funds (including funds that may be affiliated with or sponsored or managed by BlackRock), commercial paper, certificates of deposit and other bank deposits and bankers' acceptances. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies."
C000166354 Costs and Fees
C000166354 costs about $232 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.32%
- Gross expense ratio: 4.39%
- Portfolio turnover: 254%
- Brokerage commissions: 22.62 bps of average net assets (SEC N-CEN)
C000166354 Cashflows
Over the 12 months to 2019-12, BlackRock Emerging Markets Equity Strategies Fund had net inflows of $5.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-12 | $1.46M |
| 2019-11 | $3.08M |
| 2019-10 | $248.86K |
| 2019-09 | −$374.77K |
| 2019-08 | $165.62K |
| 2019-07 | $642.90K |
C000166354 Debt Constituents
No individual debt constituents are reported in BlackRock Emerging Markets Equity Strategies Fund's latest SEC N-PORT filing.
C000166354 Prospectus and SEC Filings
Official BlackRock Emerging Markets Equity Strategies Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-05-20
- Prospectus (485BPOS) — filed 2018-05-21
- Prospectus supplement (497) — filed 2018-05-21
- Portfolio holdings (N-PORT) — filed 2020-02-27
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2020-03-13
- Annual census, amended (N-CEN/A) — filed 2023-05-04
Related Funds
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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.