Equity

MAGRX

Natural Resources Trust

  • NAV as of Dec 19, 2025 $33.98
    52 WK: 26.67 - 34.64
  • 1 Day NAV Change as of Dec 19, 2025 $0.24 (0.71%)
  • NAV Total Return as of Dec 19, 2025 YTD: 28.43%

Overview

About this Fund

  • Access to Energy Equities
  • Focusing on High-Quality Companies
  • High Growth Potential

Investment Approach

Invests in a portfolio of equity securities with substantial natural resource assets.
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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 10.86 11.45 17.18 8.88 7.56
Benchmark (%) 6.39 10.03 13.56 9.71 -
Morningstar Category Avg. (%) 14.01 13.26 15.26 10.36 -
Morningstar Ranking 63/128 66/113 31/105 53/91 -
Morningstar Quartile 2 3 1 3 -
Lipper Category Avg. (%) 16.24 12.19 20.63 8.43 -
Lipper Ranking 40/61 33/56 30/53 23/49 -
Lipper Quartile 3 3 3 2 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 21.95 3.36 10.29 10.86 38.44 120.98 134.06 1,377.95
Benchmark (%) 20.76 1.93 9.36 6.39 33.20 88.84 152.68 -
Morningstar Category Avg. (%) 27.03 5.42 15.60 14.01 45.28 103.43 167.95 -
Lipper Category Avg. (%) 23.70 5.16 12.72 16.24 41.96 165.34 128.15 -
  2020 2021 2022 2023 2024
Total Return (%) 3.22 30.68 17.60 -1.38 -3.30
Benchmark (%) -0.05 24.40 9.59 3.38 -8.86
Morningstar Category Avg. (%) 16.37 29.56 -2.58 7.61 -4.22

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 19, 2025
$156.0 M
Share Class launch date
Oct 24, 1988
Benchmark Index
S&P Global Natural Resources Index (USD)
Lipper Classification
Global Natural Resources
Max Offer Price
as of Dec 19, 2025
$33.98
Turnover Percent in the Annual Report
as of Apr 30, 2025
79.00%
Size of Class (Millions)
as of Dec 19, 2025
$68.9 M
Asset Class
Equity
Morningstar Category
Natural Resources
CUSIP
09252H405
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Nov 28, 2025
40
P/E Ratio - Forward
as of Nov 28, 2025
15.91
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Nov 30, 2025
15.45
Best 3-Month Return Over the Last 3 Years
3 months ending May 31, 2024
14.17%
Active Share
as of Nov 28, 2025
59.13%
P/B Ratio
as of Nov 28, 2025
1.81
Alpha (3y)
as of Nov 30, 2025
-0.03
R-Squared (3y)
as of Nov 30, 2025
94.42
Beta (3y)
as of Nov 30, 2025
0.98
Worst 3-Month Return Over the Last 3 Years
3 months ending May 31, 2023
-10.71%

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 0.91%
Net Expense Ratio 0.91%

Net Expense Ratio excluding Investment Related Expenses is 0.91%

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Feb 25, 2025)
Analyst-Driven % as of Feb 25, 2025
100.00
Data Coverage % as of Feb 25, 2025
100.00

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 56, 12,058, 56, 24 and 56 Funds, respectively in Lipper's Global Natural Resources classification.

Holdings

Holdings

as of Nov 28, 2025
Name Weight (%)
SHELL PLC 7.59
WHEATON PRECIOUS METALS CORP 6.69
EXXON MOBIL CORP 6.57
BARRICK MINING CORP 5.55
ANGLO AMERICAN PLC 4.51
Name Weight (%)
CHEVRON CORP 4.49
VALE SA 4.32
NUTRIEN LTD 4.25
NEWMONT CORPORATION 4.24
CORTEVA INC 4.09
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 Nov 28, 2025

% of Market Value

Type Fund Benchmark Net
as of Nov 28, 2025

% of Market Value

Type Fund Benchmark Net
as of Nov 28, 2025

% of Market Value

Type Fund Benchmark Net
as of Nov 28, 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

Alastair Bishop
Alastair Bishop
Tom Holl
Tom Holl
Portfolio Manager

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