Equity

BGF US Mid-Cap Value Fund

  • NAV as of 05-Dec-2025 USD 411.88
    52 WK: 322.88 - 412.87
  • 1 Day NAV Change as of 05-Dec-2025 USD 2.38 (0.58%)
  • Morningstar Rating
The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
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Overview

Investment Approach

The US Mid-Cap Value Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the equity securities of mid capitalisation companies domiciled in, or exercising the predominant part of their economic activity in, the US. Mid capitalisation companies are considered companies which, at the time of purchase, have market capitalisations in the range of companies included in the Russell Midcap Value Index.
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Performance

Performance

Chart

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  1y 3y 5y 10y Incept.
Total Return (%) 3.50 8.78 9.91 8.01 10.14
Total Return – Max. IC applied (%) -1.68 6.94 8.78 7.45 10.00
Benchmark (%) 2.86 10.32 9.29 10.25 -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 10.23 1.25 0.70 9.79 3.50 28.72 60.37 116.01 4,044.10
Total Return – Max. IC applied (%) 4.72 -3.82 -4.34 4.30 -1.68 22.29 52.35 105.21 3,836.90
Benchmark (%) 10.98 2.39 2.65 11.40 2.86 34.25 55.92 165.21 -

  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) -2.55 5.87 13.04 -11.02 27.35 4.51 25.77 -5.68 11.63 7.14
Benchmark (%) -2.38 15.67 18.03 -9.80 28.90 17.17 23.52 -15.44 12.71 13.07
Performance of the Fund is calculated on NAV to NAV basis on the assumption that all dividends and distributions are reinvested, taking into account all charges which would have been payable upon such reinvestment.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Key Facts

Key Facts

Net Assets of Fund
as of 05-Dec-2025
USD 322,200,521
Fund Inception
13-May-1987
Fund Base Currency
USD
Benchmark
Russell MidCap Value Index (USD)
Initial Charge
5.00%
ISIN
LU0006061336
Performance Fee
0.00%
Minimum Subsequent Investment
USD 1000
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
MGNLU LX
MAS ESG Fund
No
Share Class Inception Date
13-May-1987
Share Class Currency
USD
Asset Class
Equity
SFDR Classification
Other
Management Fee
1.50%
Management Fee (incl. Distribution Fee, if any)
1.50%
Minimum Initial Investment
USD 5000
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
US Mid-Cap Equity
Dealing Frequency
Daily, forward pricing basis
SEDOL
0938941

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 28-Nov-2025
104
3y Beta
as of 30-Nov-2025
0.807
P/B Ratio
as of 28-Nov-2025
1.68
Since Share Inception – Annualised Volatility
as of 30-Nov-2025
21.44
Standard Deviation (3y)
as of 30-Nov-2025
13.27%
P/E Ratio
as of 28-Nov-2025
17.56
5Y Annualised Volatility
as of 30-Nov-2025
14.48

Ratings

Ratings

Morningstar Rating

3 stars
As of 30-Nov-2025

Holdings

Holdings

as of 28-Nov-2025
Name Weight (%)
FIRST CITIZENS BANCSHARES INC CLAS 2.87
SS AND C TECHNOLOGIES HOLDINGS INC 2.66
CARDINAL HEALTH INC 2.50
WESCO INTERNATIONAL INC 2.36
WESTERN DIGITAL CORP 2.11
Name Weight (%)
BECTON DICKINSON 2.07
CVS HEALTH CORP 2.07
FIDELITY NATIONAL INFORMATION SERV 1.98
MAXIMUS INC 1.87
BAXTER INTERNATIONAL INC 1.83

Exposure Breakdowns

Exposure Breakdowns

as of 28-Nov-2025

% of Weight

Type Fund Benchmark Net
as of 28-Nov-2025

% of Weight

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Share Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 USD 411.88 2.38 0.58 05-Dec-2025 412.87 322.88 LU0006061336
D2 USD 471.11 2.73 0.58 05-Dec-2025 471.84 367.50 LU0341384864
A2 Hedged AUD 21.31 0.12 0.57 05-Dec-2025 21.37 16.82 LU1023058412
A2 EUR 353.54 2.64 0.75 05-Dec-2025 371.15 292.38 LU0171298648
D2 EUR 404.39 3.03 0.75 05-Dec-2025 421.35 332.78 LU0827887786

Portfolio Managers

Portfolio Managers

Tony DeSpirito
Tony DeSpirito
Managing Director

  

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Antonio (Tony) DeSpirito, Managing Director, is Chief Investment Officer of U.S. Fundamental Equities. He is also lead portfolio manager of the BlackRock Equity Dividend and value portfolios.

 

Mr. DeSpirito joined BlackRock in 2014. He was previously a Managing Principal, portfolio manager, and member of the Executive Committee at Pzena Investment Management, where he was responsible for a suite of long-only value products and two hedge fund portfolios. Mr. DeSpirito has managed value equity assets since 1996, serving as a portfolio manager for the John Hancock Classic Value, PACE Large Company Value, and Vanguard Windsor funds.

 

Mr. DeSpirito is a visiting lecturer at the Johnson School at Cornell University. He is also a member of the board of directors of the Adirondack North Country Association.

 

Mr. DeSpirito earned a BS degree in economics with a concentration in finance, summa cum laude, from the Wharton School of the University of Pennsylvania and a JD degree, magna cum laude, from Harvard Law School.

David Zhao
David Zhao

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Documents

Documents