Equity

MAGRX

Natural Resources Trust

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
73.65 6.05 7.89 -0.40
Benchmark (%) 66.45 4.74 10.65 0.51
Morningstar Category Avg. (%) 92.52 8.47 11.47 2.25
Morningstar Ranking 73/109 62/104 61/98 47/86
Morningstar Quartile 3 3 4 3
Lipper Category Avg. (%) 92.73 -0.65 4.08 -4.24
Lipper Ranking 35/60 11/59 13/56 8/45
Lipper Quartile 3 1 1 1
  YTD 1m 3m 1y 3y 5y 10y
13.28 2.36 13.28 73.65 19.26 46.16 -3.96
Benchmark (%) 11.59 2.10 11.59 66.45 14.91 65.86 5.27
Morningstar Category Avg. (%) 12.19 3.81 12.19 92.52 27.63 72.09 24.88
Lipper Category Avg. (%) 15.48 1.57 15.48 92.73 -0.47 26.58 -31.65
  2016 2017 2018 2019 2020
Total Return (%) 26.70 8.17 -17.74 15.35 3.22
Benchmark (%) 30.87 22.65 -12.57 16.41 -0.05
Morningstar Category Avg. (%) 26.69 16.61 -19.01 14.95 16.37
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.

Key Facts

Key Facts

Size of Class (Millions) as of Jun 22, 2021 $84.9 M
Size of Fund (Millions) as of Jun 22, 2021 $180.9 M
Share Class launch date Oct 24, 1988
Asset Class Equity
Morningstar Category Natural Resources
Lipper Classification Global Natural Resources
Benchmark Index S&P Global Natural Resources Index
CUSIP 09252H405
Distribution Frequency Annual
Number of Holdings as of May 28, 2021 42
Max Offer Price as of Jun 22, 2021 $31.43
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 75%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of May 28, 2021 1.98
P/E Ratio - Forward as of May 28, 2021 11.45
Average Market Cap (Millions) as of May 28, 2021 $ 69,189.8 M
Alpha (3y) as of May 31, 2021 0.02
R-Squared (3y) as of May 31, 2021 98.36
Beta (3y) as of May 31, 2021 1.01
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 28.33%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -32.66%
Fund Standard Deviation (3y) as of May 31, 2021 25.09
Active Share as of May 28, 2021 55.67%

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 can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings 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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jun 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jun 07, 2021 6.6
MSCI ESG Quality Score - Peer Percentile as of Jun 07, 2021 51.10%
MSCI ESG % Coverage as of Jun 07, 2021 98.93%
Fund Lipper Global Classification as of Jun 07, 2021 Equity Theme - Natural Resources
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 07, 2021 613.64
Funds in Peer Group as of Jun 07, 2021 182
All data is from MSCI ESG Fund Ratings as of Jun 07, 2021, based on holdings as of Jan 31, 2021. 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 covered 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, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. 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 May 28, 2021 0.00%
MSCI - UN Global Compact Violators as of May 28, 2021 16.50%
MSCI - Nuclear Weapons as of May 28, 2021 0.00%
MSCI - Thermal Coal as of May 28, 2021 4.65%
MSCI - Civilian Firearms as of May 28, 2021 0.00%
MSCI - Oil Sands as of May 28, 2021 5.62%
MSCI - Tobacco as of May 28, 2021 0.00%

Business Involvement Coverage as of May 28, 2021 98.62%
Percentage of Fund not covered as of May 28, 2021 1.38%
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 17.46% and for Oil Sands 26.40%.

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 considers ESG criteria in combination with other information during the idea generation, company research, portfolio construction and ongoing monitoring phases of the investment process. ESG information may be sourced from third-party vendors, as well as internal engagement commentary and site visits and input from BlackRock Investment Stewardship. 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 1.00%
Net Expense Ratio 1.00%

Net Expense Ratio excluding Investment Related Expenses is 1.00%

  • 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 May 31, 2021 out of 59, 12,155, 59, 30 and 59 Funds, respectively in Lipper's Global Natural Resources classification.

Holdings

Holdings

as of May 28, 2021
Name Weight (%)
VALE SA 6.03
CF INDUSTRIES HOLDINGS INC 5.56
TOTAL SE 5.25
CHEVRON CORP 4.97
ANGLO AMERICAN PLC 4.64
Name Weight (%)
ROYAL DUTCH SHELL PLC 3.93
NUTRIEN LTD 3.71
GLENCORE PLC 3.43
BUNGE LTD 3.32
FREEPORT-MCMORAN INC 3.17

Exposure Breakdowns

Exposure Breakdowns

as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
as of May 28, 2021

% 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

Literature

Literature

 

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