BlackRock Emerging Markets ex-China Fund
Data updated: 2026-09-25
C000240571 — BlackRock Emerging Markets ex-China Fund. Emerging Markets Mid Cap Blend / Core Materials Equity. Holdings, fees, performance and SEC filings.
C000240571 Fund Overview
BlackRock Emerging Markets ex-China Fund is a US mutual fund managed by Blackrock Funds, categorised as Emerging Markets Mid Cap Blend / Core Materials 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 Mid Cap Blend / Core Materials Equity
- Assets under management: $16.66M
- 1-year return: 68.6%
- SEC CIK: 0000844779
- SEC series ID: S000079513
- Share class ID: C000240571
C000240571 Investment Objective and Strategy
BlackRock Emerging Markets ex-China 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 ex-China Fund ( Emerging Markets ex-China or the Fund), a series of BlackRock Funds SM (the Trust), is to seek long-term capital appreciation by investing in securities of issuers in countries having developing capital markets (other than China).
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes in securities of issuers located in countries with developing capital markets (other than China), and derivatives with similar economic characteristics. Investments in derivatives are counted toward the Funds 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. For purposes of the Funds 80% policy, issuers located in countries with developing capital markets (other than China) are issuers that are located in a country that is a constituent country of the MSCI Emerging Markets ex China Index. The Fund considers an issuer to be located in a country if (1) the issuer is organized under the laws of or maintains its principal place of business in such country, (2) the issuers securities are traded principally in such country, or (3) at least 50% of the issuers assets, gross revenues or profits in any one of the last two years represents assets or activities located in such country.
The Fund normally invests in at least three countries at any given time. Except as described herein, there are no other limits on the geographic allocation of the Funds investments. Because of the difficulty of investing substantial sums in some developing capital markets, in certain markets, the Fund may limit its investments to a relatively small number of large, actively-traded companies. The Fund may also gain exposure to securities of issuers located in countries with developing capital markets (other than China) through its investments in other investment companies, including exchange-traded funds, that invest in such securities. The Fund can invest in securities denominated in either U.S. dollars or foreign currencies. From time to time the Fund may invest in shares of companies through initial public offerings (IPOs).
The Fund may also invest in fixed income securities issued by companies and governments in countries with developing capital markets, as well as mezzanine investments. The Fund may invest in fixed income securities of any maturity or credit quality, including investments rated below investment grade. The Fund may, when consistent with the Funds investment objective, buy or sell options or futures on a security or an index of securities and may buy options on a currency or a basket of currencies, or enter into interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives). To gain exposure to certain securities or markets, the Fund may invest in participation notes issued by banks, broker-dealers and other financial institutions or other structured or derivative instruments that are designed to replicate, or otherwise provide exposure to, the performance of that security or market.
Participation notes are typically used when a direct investment in the underlying security is restricted due to local regulations. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
C000240571 Holdings
Top 10 holdings of BlackRock Emerging Markets ex-China Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. | 18.65% |
| Samsung Electronics Co. Ltd. | 8.22% |
| SK Hynix, Inc. | 7.47% |
| Elite Material Co. Ltd. | 3.45% |
| MediaTek, Inc. | 2.56% |
| Capitec Bank Holdings Ltd. | 2.40% |
| OTP Bank Nyrt. | 2.36% |
| Delta Electronics, Inc. | 2.36% |
| Mahindra & Mahindra Ltd. | 2.08% |
| SK Square Co. Ltd. | 2.04% |
C000240571 Portfolio Allocation
Asset-class allocation of BlackRock Emerging Markets ex-China Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Cash & Equivalents | 2.5% |
C000240571 Performance
Total returns for C000240571 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 28.6% |
| 1 year | 68.6% |
| 3 years (annualised) | 24.1% |
C000240571 Risk Information
Risk metrics for C000240571, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 28.8%
C000240571 Costs and Fees
C000240571 costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 3.37%
- Portfolio turnover: 81%
- Brokerage commissions: 15.61 bps of average net assets (SEC N-CEN)
C000240571 Cashflows
Over the 12 months to 2026-04, BlackRock Emerging Markets ex-China Fund had net outflows of $916.23K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$2.24M |
| 2026-03 | −$843.51K |
| 2026-02 | $49.63K |
| 2026-01 | −$448.90K |
| 2025-12 | $117.71K |
| 2025-11 | $65.70K |
C000240571 Debt Constituents
No individual debt constituents are reported in BlackRock Emerging Markets ex-China Fund's latest SEC N-PORT filing.
C000240571 Prospectus and SEC Filings
Official BlackRock Emerging Markets ex-China Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-08-25
- Prospectus (485BPOS) — filed 2025-08-25
- Prospectus supplement (497) — filed 2024-08-28
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2025-07-11
- Annual census (N-CEN) — filed 2024-07-12
Related Funds
Other Emerging Markets Mid Cap Blend / Core Materials 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.