Equity

BMGKX

Mid-Cap Growth Equity Fund

Overview

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Performance

Performance

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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Jul 09, 2020 $1,618.2 M
Size of Fund (Millions) as of Jul 09, 2020 $8,985.7 M
Share Class launch date Mar 28, 2016
Asset Class Equity
Morningstar Category Mid-Cap Growth
Lipper Classification Mid-Cap Growth Funds
Benchmark Index Russell MidCap Growth Index
CUSIP 09258N604
Number of Holdings as of Jun 30, 2020 59
Max Offer Price as of Jul 09, 2020 $34.55
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 38%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Jun 30, 2020 $ 19,257.1 M
R-Squared (3y) as of May 31, 2020 93.27
Beta (3y) as of May 31, 2020 0.96
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 29.70%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -16.80%
Fund Standard Deviation (3y) as of May 31, 2020 19.94

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

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Mid-Cap Growth Equity Fund, Class K, as of Jun 30, 2020 rated against 558 Mid-Cap Growth Funds based on risk adjusted total return.

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 Jun 30, 2020 out of 378, 12,306, 378, 211 and 378 Funds, respectively in Lipper's Mid-Cap Growth Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jun 18, 2020) ‡

Holdings

Holdings

as of Jun 30, 2020
Name Weight (%)
MSCI INC 3.01
COSTAR GROUP INC 3.00
FAIR ISAAC CORP 2.95
PAYCOM SOFTWARE INC 2.84
IDEXX LABORATORIES INC. 2.82
Name Weight (%)
COPART INC. 2.77
IAC/INTERACTIVECORP 2.75
OKTA INC 2.69
SYNOPSYS INC 2.67
ADYEN NV 2.63

Exposure Breakdowns

Exposure Breakdowns

as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Jun 30, 2020

% 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

Philip H. Ruvinsky
Managing Director

    

Lawrence Kemp
Managing Director

     

Portfolio Manager

Literature

Literature

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