BlackRock Emerging Mkts K
MKDCX
NASDAQ37.51
USD
-0.98
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BlackRock Emerging Mkts K
MKDCX
(NASDAQ)
Recent
price
37.51
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- BlackRock Emerging Markets Fund, Inc. (MKDCX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of companies domiciled in or exercising the predominant part of their economic activity in emerging markets; it benchmarks performance against the MSCI Emerging Markets Index and employs a strategy combining top-down macroeconomic analysis with bottom-up fundamental research. The fund allocates at least 70% of its assets to emerging market equities across sectors such as financials, technology, consumer discretionary, materials, and energy, with top holdings typically including companies like Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. Ltd., and HDFC Bank Ltd.; it may also hold cash equivalents, derivatives for hedging or efficient portfolio management, and limited positions in developed market firms with significant emerging market exposure. Headquartered in New York, New York, the fund was launched on September 1, 1989, with the Class K shares (MKDCX) introduced on January 25, 2018; BlackRock Fund Advisors serves as the investment adviser, with a portfolio management team led by Gordon Fraser (since 2017), Kevin Jia (since 2020), Emily Fletcher (since 2024), and Egon Vavrek (since 2025). It targets institutional and high-net-worth investors with a minimum initial investment of $5 million for Class K shares and maintains a net expense ratio of 0.82%, excluding certain acquired fund fees. Geographic operations focus on emerging markets worldwide, including Asia (e.g., China, India, South Korea, Taiwan), Latin America (e.g., Brazil, Mexico), and Europe/Africa/Middle East (e.g., South Africa, Egypt). In recent developments, the fund reported assets under management of approximately $2.67 billion as of June 30, 2025, amid ongoing portfolio adjustments reflecting market volatility, including overweight positions in select high-conviction names in India and Brazil during Q3 2025, where it delivered a 10.10% return for institutional shares; stock selection in India detracted in mid-2024 due to currency fluctuations in Brazil. BlackRock, as the parent organization, completed the acquisition of ElmTree Funds in 2025 to expand alternative investment capabilities, though not directly impacting MKDCX, and announced shareholder-approved reorganizations of several municipal closed-end funds in late 2025, signaling broader strategic consolidation in fixed income segments. The fund continues to emphasize non-ESG focused active management without sustainable investment constraints.