Equity

BMGAX

Mid-Cap Growth Equity Fund

  • NAV as of Dec 04, 2025 $35.85
    52 WK: 28.18 - 40.17
  • 1 Day NAV Change as of Dec 04, 2025 $0.39 (1.10%)
  • NAV Total Return as of Dec 04, 2025 YTD: 2.48%

Overview

About this Fund

1. A high conviction, mid-cap growth strategy
2. Combines diversified sources of growth
3. Seeks to outperform in all markets

Investment Approach

Invests at least 80% of its net assets in equity securities issued by U.S. mid-capitalization growth companies, as represented in the Russell Midcap® Growth Index, that fund management team believes have above-average earnings growth potential.

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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 10.34 16.43 5.43 12.25
Return w/ Sales Charge (%) 4.55 14.36 4.30 11.65
Benchmark (%) 22.02 22.85 11.26 13.37
Morningstar Category Avg. (%) 13.41 17.23 8.04 11.27
Morningstar Ranking 276/493 249/476 314/444 108/368
Morningstar Quartile 3 2 3 2
Lipper Category Avg. (%) 12.39 16.73 7.68 11.23
Lipper Ranking 178/313 152/308 202/279 58/229
Lipper Quartile 3 2 3 2
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 5.68 3.41 0.65 10.34 57.85 30.24 217.54
Return w/ Sales Charge (%) 0.13 -2.02 -4.63 4.55 49.56 23.40 200.88
Benchmark (%) 12.84 -0.26 2.78 22.02 85.38 70.50 250.84
Morningstar Category Avg. (%) 9.26 1.45 4.51 13.41 61.13 47.17 191.03
Lipper Category Avg. (%) 8.27 0.89 3.17 12.39 59.88 47.10 193.60
  2020 2021 2022 2023 2024
Total Return (%) 45.73 14.19 -37.52 27.93 12.18
Annual w/ Sales Charge (%) 38.08 8.20 -40.80 21.21 6.30
Benchmark (%) 35.59 12.73 -26.72 25.87 22.10
Morningstar Category Avg. (%) 39.26 13.05 -27.79 21.37 16.47

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 04, 2025
$6,782.2 M
Share Class launch date
Dec 27, 1996
Benchmark Index
Russell MidCap Growth Index (USD)
Lipper Classification
Mid-Cap Growth Funds
Max Offer Price
as of Dec 04, 2025
$37.84
Turnover Percent in the Annual Report
as of May 31, 2025
87.00%
Size of Class (Millions)
as of Dec 04, 2025
$1,395.9 M
Asset Class
Equity
Morningstar Category
Mid-Cap Growth
CUSIP
091928846
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2025
68
P/E Ratio - Forward
as of Oct 31, 2025
46.64
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Nov 30, 2025
20.81
Best 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2025
21.28%
Active Share
as of Oct 31, 2025
62.28%
P/B Ratio
as of Oct 31, 2025
11.43
Alpha (3y)
as of Nov 30, 2025
-0.57
R-Squared (3y)
as of Nov 30, 2025
94.64
Beta (3y)
as of Nov 30, 2025
1.11
Worst 3-Month Return Over the Last 3 Years
3 months ending Apr 30, 2025
-15.13%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.11%
Net Expense Ratio 1.05%

Net Expense Ratio excluding Investment Related Expenses is 1.05%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Sep 30, 2025 out of 308, 12,058, 308, 92 and 308 Funds, respectively in Lipper's Mid-Cap Growth Funds classification.

Holdings

Holdings

as of Oct 31, 2025
Name Weight (%)
VERTIV HOLDINGS CO 4.68
CLOUDFLARE INC 4.60
HOWMET AEROSPACE INC 4.59
AXON ENTERPRISE INC 3.92
MONOLITHIC POWER SYSTEMS INC 3.49
Name Weight (%)
CARVANA CO 3.05
HEICO CORP 2.79
COMFORT SYSTEMS USA INC 2.68
LIVE NATION ENTERTAINMENT INC 2.49
ARES MANAGEMENT CORP 2.38
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

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.

Portfolio Managers

Portfolio Managers

Reid Menge
Reid Menge
Portfolio Manager, Managing Director, Fundamental Equities Global Technology Team
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Reid Menge, Managing Director, is a member of the Fundamental Equities division of BlackRock’s Portfolio Management Group. He is co-portfolio manager for the Global Technology equity portfolios and responsible for coverage of the technology sector.

 

Prior to joining BlackRock in 2014, Mr. Menge was an Associate Director of Equity Research at UBS covering global technology. From 2006 to 2009, he was an investment research analyst at Citigroup responsible for global software. From 2003 to 2006, Mr. Menge was a member of the Prudential Equity Group, where he was responsible for enterprise software coverage. Mr. Menge began his investment career in 2001 at Credit Suisse First Boston as an analyst for fixed income sales.

 

Mr. Menge earned a BA degree in History from Cornell University in 2001.

Sally Du, CFA
Sally Du, CFA
Director, Fundamental Equities
Read More

Sally Du, CFA, Director, is a member of the Fundamental Equities division of BlackRock's Portfolio Management Group. She is a co-portfolio manager for BlackRock’s US Core Equity Strategy portfolios. Ms. Du also serves as Head of Quantitative Strategy for the US Income & Value pillar and Head of Data for Fundamental Equities Americas. In this capacity she embeds data-driven research into investment decisions. Ms. Du began her career at BlackRock as part of the graduate analyst program in 2007. Ms. Du holds a Master of Science degree in Operations Research from Columbia University's School of Engineering, and a Bachelor's degree with honors from the Department of Mathematics at the University of California, Berkeley in 2006. She is a member of the Chicago Quantitative Alliance (CQA) and is a CFA charterholder.

Portfolio Manager

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.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature