BlackRock Latin America Fund (MDLTX)

BlackRock Latin America Fund (MDLTX) is a Latin America stock mutual fund. This international stock fund invests mainly in equities of companies located in Latin America.

BlackRock Latin America Fund (Ticker: MDLTX)

The BlackRock Latin America Fund objective is to seek long-term capital appreciation. The mutual fund uses its assets to purchase Latin American securities. It emphasizes equity securities of companies of any market capitalization located in Latin America. It may invest in selected countries in Latin America only. It can invest in securities denominated in the currencies of Latin American countries or in other currencies. The fund is non-diversified.

Fund Details
BlackRock Latin America Fund (MDLTX)
BlackRock Latin America Fund
  • Fund Inception Date: September 26, 1991
  • Ticker Symbol: MDLTX
  • CUSIP: 09250X105
  • Beta (3yr): 1.07
  • Rank in category (YTD): 60%
  • Category: Latin America Stock
  • Distribution: 1.41%
  • Capital Gains: 0%
  • Expense Ratio: 1.53%
  • Net Assets: $ 573.1 million
  • Number of Years Up: 13 years
  • Number of Years Down: 8 years
  • Annual Turnover Rate: 50%
Updated on 4/28/2013

Morningstar analysts rank this MDLTX fund with Bronze rating and 3-stars rating for its performance since 1991. The fund manager is William M. Landers. The fund’s annual expense ratio is 1.53%. The 12b1 fee is 0.25% and the front-end sales load fee is 5.25%. The category average is 1.88%. It also has a dividend yield of 1.41%. Investors of this fund receive their recent dividend in December 2012 in the amount of $0.87. The annual holdings turnover as of March 10, 2013 is 50%.

Best BlackRock Mutual Funds for 2013

Since its inception, this international stock fund has recorded 13 years of positive return. It has its best 1-year total return in 2009 with 120.24%.  The worst 1-year total return within 8 years of negative return was occurred in 2008 with -54.66%. Based on the load adjusted returns, this Latin America stock mutual fund has returned 0.15% over the past 3-years and 23.04% over the past 10-years. In 2013, this equity fund has year-to-date return of 3.27%.

The other classes of this fund are Class B (MBLTX), Class C (MCLTX), and Institutional Class (MALTX). The minimum initial investment for brokerage account is $1,000. This MDLTX fund can be purchased from 116 brokerages, such as E Trade Financial, Edward Jones, Vanguard, JP Morgan, Scwab Retail, Td Ameritrade Inc, Merrill Lynch, etc.

Top Performing World Stock Mutual Funds January 2013

The top 10 largest holdings as of January 2013 represent 51.0% of the total assets. They are Vale (9.4%), Banco Bradesco (6.6%), America Movil (5.7%), Femsa (4.9%), Petrobras (4.7%), CCR (4.4%), Grupo Televisa (4.2%), AmBev (4.1%), Banco Itau (3.9%) and Brasil Foods (3.1%). The top country allocation is Brazil (65.3%) and Mexico (24.5%).

According to the fund prospectus, the investment risks are Depositary Receipts Risk, Derivatives Risk
Emerging Markets Risk, Equity Securities Risk, Foreign Securities Risk, Geographic Concentration Risk, Leverage Risk, Market Risk and Selection Risk, Mid-Cap Securities Risk, A New Issues Risk, Non-Diversification Risk, Small Cap and Emerging Growth Securities Risk, etc.

Disclosure: No Position


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