BlackRock Latin America Fund
Participating in the $100 million to $1 billion category, the BlackRock Latin America Fund (MUTF:MDLTX) has $547.2 million in total net assets as of April 2 and is flat on the year. Over the past decade, however, average annual return was 22.1% with annualized volatility almost identical to the T. Rowe Price fund. Of the three funds mentioned so far, it has the highest expense ratio at 1.55%.
Also possessing a big representation from the financial sector at 26.6%, MDLTX’s largest holding is Brazilian mining giant Vale (NYSE:VALE) at a weighting of 7.9%. William Landers has managed the fund since 2002, which is a long time, and usually a good sign of ability. At the same time, it also means you need to diligently watch for his exit, which could cause a rash of redemptions.