Equity

MRSPX

BlackRock Advantage SMID Cap Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
-20.31 4.70 6.23 9.40
Benchmark (%) -21.00 5.91 7.04 10.49
Morningstar Category Avg. (%) -6.55 9.47 8.61 11.06
Morningstar Ranking 370/408 319/366 218/325 158/217
Morningstar Quartile 4 4 3 4
Lipper Category Avg. (%) -15.77 5.74 5.41 9.18
Lipper Ranking 597/669 535/604 468/534 314/364
Lipper Quartile 4 4 4 4
  YTD 1m 3m 1y 3y 5y 10y
-21.64 -9.74 -16.44 -20.31 14.77 35.25 145.64
Benchmark (%) -21.81 -9.55 -16.98 -21.00 18.80 40.54 171.08
Morningstar Category Avg. (%) -11.15 9.11 0.30 -6.55 21.48 40.05 160.95
Lipper Category Avg. (%) -18.85 -8.90 -14.53 -15.77 18.56 30.73 142.88
  2017 2018 2019 2020 2021
Total Return (%) 8.44 -6.82 28.20 19.20 13.19
Benchmark (%) 21.13 -5.24 31.02 20.89 18.18
Morningstar Category Avg. (%) 15.93 -11.15 26.21 12.39 23.40

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.

 

Performance for the period between December 15, 2017 and February 8, 2021 is based on the investment strategies utilized by the Fund when it followed different investment strategies under the name “BlackRock Advantage U.S. Total Market Fund, Inc.” The Fund’s returns prior to December 15, 2017 are the returns of the Fund when it followed a different investment objective and different investment strategies under the name “BlackRock Value Opportunities Fund, Inc.

Key Facts

Key Facts

Size of Class (Millions) as of Aug 10, 2022 $4.5 M
Size of Fund (Millions) as of Aug 10, 2022 $359.8 M
Share Class launch date Feb 04, 2003
Asset Class Equity
Morningstar Category Mid-Cap Blend
Lipper Classification Multi-Cap Core Funds
Benchmark Index Russell 2500 Total Return Index
CUSIP 09252L406
Distribution Frequency Semi-Annual
Number of Holdings as of Apr 30, 2021 565
Max Offer Price as of Aug 10, 2022 $13.14
Open to New Investors Yes
Turnover Percent in the Annual Report 145%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of Jun 30, 2021 0.00
P/E Ratio - Forward as of Aug 10, 2022 12.14
Average Market Cap (Millions) as of Jun 30, 2021 $ 0.0 M
Alpha (3y) as of Jan 31, 2021 -0.13
R-Squared (3y) as of Jan 31, 2021 99.38
Beta (3y) as of Jan 31, 2021 0.99
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 22.03%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -20.33%
Fund Standard Deviation (3y) as of Jan 31, 2021 19.42
Active Share as of Jun 30, 2021 50.00%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jul 21, 2022 A
MSCI ESG % Coverage as of Jul 21, 2022 96.30%
MSCI ESG Quality Score (0-10) as of Jul 21, 2022 7.0
MSCI ESG Quality Score - Peer Percentile as of Jul 21, 2022 9.37%
Fund Lipper Global Classification as of Jul 21, 2022 Equity US
Funds in Peer Group as of Jul 21, 2022 3,468
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jul 21, 2022 88.73
MSCI Weighted Average Carbon Intensity % Coverage as of Jul 21, 2022 95.86%
All data is from MSCI ESG Fund Ratings as of Jul 21, 2022, based on holdings as of Jan 31, 2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jul 29, 2022 0.06%
MSCI - UN Global Compact Violators as of Jul 29, 2022 0.00%
MSCI - Nuclear Weapons as of Jul 29, 2022 0.00%
MSCI - Thermal Coal as of Jul 29, 2022 0.00%
MSCI - Civilian Firearms as of Jul 29, 2022 0.00%
MSCI - Oil Sands as of Jul 29, 2022 0.00%
MSCI - Tobacco as of Jul 29, 2022 0.00%

Business Involvement Coverage as of Jul 29, 2022 98.80%
Percentage of Fund not covered as of Jul 29, 2022 1.20%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.43%
Net Expense Ratio 0.98%

Net Expense Ratio excluding Investment Related Expenses is 0.98%

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

Ratings

Ratings

Holdings

Holdings

as of Aug 10, 2022
Name Weight (%)
REGENCY CENTERS CORPORATION 1.26
OWENS CORNING 1.17
TRAVEL + LEISURE CO 1.16
BLACK HILLS CORPORATION 1.16
AVNET INC 1.15
Name Weight (%)
DICKS SPORTING GOODS INC. 1.15
FIRST INDUSTRIAL REALTY TRUST INC 1.15
ENSIGN GROUP INC 1.11
RELIANCE STEEL & ALUMINUM CO 1.11
VOYA FINANCIAL INC 1.10

Exposure Breakdowns

Exposure Breakdowns

as of Aug 10, 2022

% of Market Value

Type Fund Benchmark Net
as of Aug 10, 2022

% of Market Value

Type Fund Benchmark Net
as of Aug 10, 2022

% of Market Value

Type Fund Benchmark Net
as of Aug 10, 2022

% 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

Raffaele Savi
BlackRock Systematic Active Equity Investment Team
Travis Cooke
BlackRock Systematic Active Equity Investment Team
Richard Mathieson
BlackRock Systematic Active Equity Investment Team
Portfolio Manager

Literature

Literature

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