BlackRock Emerging Markets Fund Q3 2024 Commentary (undefined:MADCX)

Portfolio administration

Kevin Jia, Gordon Fraser, Emily Fletcher

Funding method

Invests within the fairness securities of rising market firms utilizing a methodical, bottom-up inventory rating course of designed to establish firms that mix quicker earnings progress with comparatively low valuations with the intention of outperforming the benchmark.

Essential Dangers: The fund is actively managed and its traits will fluctuate. Inventory values fluctuate in value so the worth of your funding can go down relying on market circumstances. Worldwide investing includes particular dangers together with, however not restricted to political dangers, forex fluctuations, illiquidity and volatility. These dangers could also be heightened for investments in rising markets. Investments in rising markets could also be thought-about speculative and usually tend to expertise hyperinflation and forex devaluations, which adversely have an effect on returns. As well as, many rising securities markets have decrease buying and selling volumes and fewer liquidity. Quick-selling entails particular dangers. If the fund makes quick gross sales in securities that enhance in worth, the fund will lose worth. Any loss on quick positions could or is probably not offset by investing short-sale proceeds in different investments. The fund could use derivatives to hedge its investments or to hunt to reinforce returns. Derivatives entail dangers referring to liquidity, leverage and credit score that will scale back returns and enhance volatility. Non-diversification of investments implies that extra property are probably invested in fewer securities than if investments had been diversified, so danger is elevated as a result of every funding has a higher impact on efficiency.

The opinions expressed are these of the fund’s portfolio administration crew as of September 30, 2024, and will change as subsequent circumstances fluctuate. Data and opinions are derived from proprietary and non-proprietary sources deemed by BlackRock to be dependable, aren’t essentially all-inclusive and aren’t assured as to accuracy.

BlackRock supplies compensation in reference to acquiring or utilizing third-party scores and rankings.

1 Morgan Stanley Capital Worldwide Rising Markets (MSCI EM) Index includes large- and mid-capitalization rising market equities.

You must take into account the funding goals, dangers, prices and bills of the fund fastidiously earlier than investing. The prospectus and, if obtainable, the abstract prospectus comprise this and different details about the fund and can be found, together with info on different BlackRock funds, by calling 800-882-0052 or out of your monetary skilled. The prospectus ought to be learn fastidiously earlier than investing.

Ready by BlackRock Investments, LLC, member FINRA.

Not FDIC Insured • Might Lose Worth • No Financial institution Assure

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