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MALTX BlackRock Latin America Instl

  • Fund
  • MALTX
  • Price as of: Apr 22, 2019
  • $50.53
  • - $0.06
  • - 0.12%
  • Category
  • Latin America Equities

MALTX - Profile

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 12.5%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $160 M
  • Holdings in Top 10 55.6%

52 WEEK LOW AND HIGH

$50.53
$42.04
$54.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.36%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

$2,000,000

Investment Themes

CATEGORY

Latin America Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Latin America Stock

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 12.5%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.13%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name BlackRock Latin America Fund, Inc.
  • Fund Family Name BlackRock
  • Inception Date Oct 21, 1994
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Edward M. Kuczma

Fund Description

Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in Latin American securities. It emphasizes equity securities of companies of any market capitalization located in Latin America. The fund will not seek to invest in a large number of countries in Latin America. It can invest in securities denominated in the currencies of Latin American countries or in other currencies. The fund is non-diversified.

MALTX - Performance

Return Ranking - Trailing

Period MALTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -5.0% 41.4% 62.50% 4
1 Yr -7.2% -29.5% 24.3% 51.72% 3
3 Yr 12.5% * -16.9% 15.9% 15.38% 1
5 Yr 0.4% * -14.8% 2.6% 29.41% 2
10 Yr 6.5% * -3.2% 7.1% 23.53% 1

* Annualized


Return Ranking - Calendar

Period MALTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -4.7% -32.6% 24.1% 40.63% 3
2017 26.6% -32.6% 28.6% 34.48% 2
2016 22.8% -13.6% 29.9% 21.74% 1
2015 -31.0% -32.7% 0.0% 36.84% 3
2014 -11.6% -26.9% 14.1% 44.44% 3

Total Return Ranking - Trailing

Period MALTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.2% -5.0% 42.7% 62.50% 4
1 Yr -7.2% -32.3% 25.2% 51.72% 3
3 Yr 12.5% * -17.5% 15.9% 15.38% 1
5 Yr 0.4% * -15.1% 2.6% 29.41% 2
10 Yr 6.5% * -3.2% 7.1% 17.65% 1

* Annualized


Total Return Ranking - Calendar

Period MALTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -4.7% -32.6% 24.8% 40.63% 3
2017 26.6% -32.1% 28.6% 34.48% 2
2016 22.8% -31.5% 29.9% 21.74% 1
2015 -30.6% -32.7% 0.0% 57.89% 4
2014 -9.7% -18.1% 14.7% 27.78% 2

NAV & Total Return History

MALTX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

MALTX Category Low Category High MALTX % Rank Quintile
Net Assets 160 M 3.73 M 597 M 21.88% 3
Number of Holdings 55 1 64 9.38% 2
Net Assets in Top 10 94.7 M 0 309 M 15.63% 2
Weighting of Top 10 55.6% 0.0% 58.3% 9.38% 1

Top 10 Holdings

  1. Itau Unibanco Holding SA ADR 8.78%
  2. Bank Bradesco SA ADR 9.46%
  3. Fomento Economico Mexicano SAB de CV ADR 4.13%
  4. Petroleo Brasileiro SA Petrobras ADR 6.71%
  5. Vale SA ADR 5.85%
  6. America Movil SAB de CV ADR 4.55%
  7. Petroleo Brasileiro SA Petrobras ADR 4.07%
  8. B3 SA - Brasil Bolsa Balcao 3.89%
  9. Ambev SA ADR 4.39%
  10. Grupo Financiero Banorte SAB de CV Class O 3.74%

Asset Allocation

Weighting Category Low Category High MALTX % Rank Quintile
Stocks
99.06% 0.00% 99.95% 9.38% 2
Cash
0.84% 0.00% 100.00% 37.50% 4
Bonds
0.10% 0.00% 23.03% 9.38% 1
Preferred Stocks
0.00% 0.00% 13.22% 12.50% 3
Other
0.00% -0.39% 4.63% 21.88% 3
Convertible Bonds
0.00% 0.00% 0.25% 6.25% 2

Stock Sector Breakdown

Weighting Category Low Category High MALTX % Rank Quintile
Financial Services
29.69% 11.07% 40.27% 21.88% 3
Basic Materials
16.32% 0.00% 19.86% 15.63% 1
Consumer Cyclical
12.29% 2.88% 25.30% 21.88% 3
Energy
11.41% 0.00% 11.75% 6.25% 1
Consumer Defense
10.82% 1.44% 30.03% 34.38% 4
Communication Services
6.88% 0.00% 6.88% 3.13% 1
Industrials
3.88% 2.24% 17.16% 34.38% 4
Utilities
3.60% 0.00% 14.73% 28.13% 3
Real Estate
2.01% 0.00% 7.94% 34.38% 3
Technology
1.44% 0.00% 4.85% 18.75% 3
Healthcare
0.72% 0.00% 13.23% 28.13% 4

Stock Geographic Breakdown

Weighting Category Low Category High MALTX % Rank Quintile
Non US
98.31% 0.00% 99.05% 6.25% 1
US
0.75% 0.00% 20.40% 34.38% 4

Bond Sector Breakdown

Weighting Category Low Category High MALTX % Rank Quintile
Cash & Equivalents
0.84% 0.00% 100.00% 40.63% 4
Corporate
0.10% 0.00% 15.54% 18.75% 2
Derivative
0.00% -0.83% 0.01% 6.25% 2
Securitized
0.00% 0.00% 0.00% 3.13% 2
Municipal
0.00% 0.00% 0.00% 3.13% 2
Government
0.00% 0.00% 3.79% 6.25% 2

Bond Geographic Breakdown

Weighting Category Low Category High MALTX % Rank Quintile
Non US
0.10% 0.00% 23.03% 9.38% 1
US
0.00% 0.00% 0.00% 3.13% 2

MALTX - Expenses

Operational Fees

MALTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.36% 1.01% 5.94% 81.25% 1
Management Fee 1.00% 0.69% 1.25% 18.75% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.25% 0.08% 0.25% 5.26% 5

Sales Fees

MALTX Fees (% of AUM) Category Low Category High MALTX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

MALTX Fees (% of AUM) Category Low Category High MALTX Rank Quintile
Max Redemption Fee N/A 1.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MALTX Fees (% of AUM) Category Low Category High MALTX Rank Quintile
Turnover 48.00% 11.97% 437.65% 28.13% 3

MALTX - Distributions

Dividend Yield Analysis

MALTX Category Low Category High MALTX % Rank Quintile
Dividend Yield 0.6% 0.00% 1.15% 17.39% 1

Dividend Distribution Analysis

MALTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

MALTX Category Low Category High MALTX % Rank Quintile
Net Income Ratio 1.13% -0.87% 2.45% 37.50% 2

Capital Gain Distribution Analysis

MALTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MALTX - Managers

Edward M. Kuczma

Manager

Start Date

Dec 24, 2018

Tenure

0.27

Tenure Rank

28.8%

Mr. Kuczma joined Blackrock in 2015 as a senior research analyst on the Latin American equity team from Morgan Stanley Investment Management, where he covered emerging market equities with a primary focus on Latin America. Prior to Morgan Stanley, Mr. Kuczma was a portfolio manager for Van Eck Global which he had joined since 2004.


Tenure Analysis

Category Low

0.3

Category High

15.2

Category Average

3.98

Category Mode

4.3