Equity

MJRFX

Mid-Cap Value Fund

  • NAV as of Feb 19, 2026 $24.07
    52 WK: 19.64 - 24.84
  • 1 Day NAV Change as of Feb 19, 2026 $-0.06 (-0.25%)
  • NAV Total Return as of Feb 20, 2026 YTD: 5.83%

Overview

About this Fund

1. Mid cap value portfolio of high quality companies
2. Invests in companies identified as emerging dividend growers
3. Seeks attractive long-term returns

Investment Approach

Invests in the equity securities of mid capitalization companies that pay attractive, sustainable and growing dividends with the aim of providing mid capitalization equity returns with less volatility.
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Performance

Performance

Distributions

Record Date Ex-Date Payable Date
View full table
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Past distributions are not indicative of future distributions.

Certain Funds record and have an ex-dividend date daily on undistributed net investment income, with distributions paid monthly.

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

  1y 3y 5y 10y
Total Return (%) 13.79 11.94 11.24 11.10
Benchmark (%) 11.05 12.27 9.83 9.78
Morningstar Category Avg. (%) 10.24 11.65 10.57 9.73
Morningstar Ranking 80/411 146/383 101/365 -
Morningstar Quartile 1 2 2 -
Lipper Ranking 25/164 43/153 41/146 -
Lipper Quartile 1 2 2 -
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 13.79 1.15 2.57 13.79 40.28 70.36 186.39
Benchmark (%) 11.05 0.06 1.42 11.05 41.53 59.78 154.21
Morningstar Category Avg. (%) 10.24 0.73 2.00 10.24 39.16 65.24 153.08
  2021 2022 2023 2024 2025
Total Return (%) 26.48 -3.98 12.63 9.46 13.79
Benchmark (%) 28.34 -12.03 12.71 13.07 11.05
Morningstar Category Avg. (%) 29.32 -8.02 13.94 11.43 10.24

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.

The performance information for periods prior to January 25, 2018, the commencement of operations 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.

The Fund’s returns prior to June 12, 2017 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Mid Cap Value Opportunities Fund.”

See the Fund’s prospectus for more details.

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

Key Facts

Key Facts

Size of Fund (Millions)
as of Feb 20, 2026
$1,058.4 M
Share Class launch date
Jan 25, 2018
Benchmark Index
Russell MidCap Value Index
Lipper Classification
Mid-Cap Value Funds
Max Offer Price
as of Feb 19, 2026
$24.07
Turnover Percent in the Annual Report
as of Apr 30, 2025
62.00%
Size of Class (Millions)
as of Feb 19, 2026
$144.9 M
Asset Class
Equity
Morningstar Category
Mid-Cap Value
CUSIP
09255V609
Open to New Investors
No

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jan 30, 2026
94
P/E Ratio - Forward
as of Jan 30, 2026
14.23
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Dec 31, 2025
13.51
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
13.56%
Active Share
as of Jan 30, 2026
92.02%
P/B Ratio
as of Jan 30, 2026
1.85
Alpha (3y)
as of Dec 31, 2025
0.12
R-Squared (3y)
as of Dec 31, 2025
94.97
Beta (3y)
as of Dec 31, 2025
0.85
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2023
-10.85%

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 0.72%
Net Expense Ratio 0.70%

Net Expense Ratio excluding Investment Related Expenses is 0.69%

  • Acquired Fund Fees and Expenses 0.01%
  • 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 Jan 31, 2026 out of 148, 11,976, 148, 79 and 148 Funds, respectively in Lipper's Mid-Cap Value Funds classification.

Holdings

Holdings

as of Jan 30, 2026
Name Weight (%)
WESTERN DIGITAL CORPORATION 2.82
FIRST CITIZENS BANCSHARES INC (DELAWARE) 2.80
SS&C TECHNOLOGIES HOLDINGS INC 2.43
WESCO INTERNATIONAL INC 2.19
CARDINAL HEALTH INC 2.16
Name Weight (%)
BECTON DICKINSON AND COMPANY 2.09
BAXTER INTERNATIONAL INC 2.08
MAXIMUS INC 2.07
FIDELITY NATIONAL INFORMATION SERVICES INC 2.00
TOURMALINE OIL CORP 1.95
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 Jan 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Jan 30, 2026

% 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

David Zhao
David Zhao
Portfolio Manager, Managing Director

  

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David Zhao, Managing Director, is Co-Director of Research for the US Income & Value team within the Fundamental Active Equity business of BlackRock's Active Equities Group. Mr. Zhao is a Portfolio Manager for the BlackRock Equity Dividend portfolios.

 

He also has partial research coverage for the information technology and telecoms sectors. Prior to joining BlackRock, David was a Global Equity Senior Research Analyst and Principal at Pzena Investment Management covering technology, US banks/brokers, medical technology, non-life insurance, financial technology and select industrials. David began his career as an Analyst at Lehman Brothers covering technology M&A; and later within the Institutional Equities Corporate Strategy Group.

 

David holds a BA of Arts with degrees in Economics and Computer Information Systems and graduated Cum Laude from Northwestern University.

Portfolio Manager
Read the Team's Commentary

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