Equity

MAGRX

Natural Resources Trust

  • NAV as of Oct 06, 2026 $38.65
    52 WK: 31.93 - 42.05
  • 1 Day NAV Change as of Oct 06, 2026 $0.15 (0.39%)
  • NAV Total Return as of Oct 06, 2026 YTD: 20.47%
  • Morningstar Rating

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

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 (%) 26.17 14.42 13.59 9.67
Benchmark (%) 28.66 13.57 11.45 10.13
Morningstar Category Avg. (%) 19.37 13.44 10.18 10.14
Morningstar Ranking 46/117 53/109 41/94 42/82
Morningstar Quartile 2 2 2 3
Lipper Category Avg. (%) 29.22 16.37 15.83 9.28
Lipper Ranking 36/62 42/58 41/56 25/51
Lipper Quartile 3 3 3 2
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 18.13 -6.03 9.70 26.17 49.81 89.06 151.65
Benchmark (%) 20.57 -4.96 10.22 28.66 46.48 71.95 162.42
Morningstar Category Avg. (%) 10.20 -8.48 -0.08 19.37 45.97 62.35 162.71
Lipper Category Avg. (%) 21.38 -5.95 5.95 29.22 58.50 112.46 147.49
  2021 2022 2023 2024 2025
Total Return (%) 30.68 17.60 -1.38 -3.30 30.25
Benchmark (%) 24.40 9.59 3.38 -8.86 28.86
Morningstar Category Avg. (%) 29.56 -2.58 7.61 -4.22 39.14
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 Oct 06, 2026
$192.4 M
Share Class launch date
Oct 24, 1988
Benchmark Index
S&P Global Natural Resources Index (Net)
Lipper Classification
Global Natural Resources
Max Offer Price
as of Oct 06, 2026
$38.65
Turnover Percent in the Annual Report
as of Apr 30, 2026
90%
Size of Class (Millions)
as of Oct 06, 2026
$87.1 M
Asset Class
Equity
Morningstar Category
Natural Resources
CUSIP
09252H405
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Aug 31, 2026
43
P/E Ratio - Forward
as of Aug 31, 2026
14.24
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Sep 30, 2026
16.88
Best 3-Month Return Over the Last 3 Years
3 months ending Feb 28, 2026
27.27%
Active Share
as of Aug 31, 2026
59.67%
P/B Ratio
as of Aug 31, 2026
2.33
Alpha (3y)
as of Sep 30, 2026
0.01
R-Squared (3y)
as of Sep 30, 2026
94.46
Beta (3y)
as of Sep 30, 2026
1.01
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2026
-9.13%
For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.92%
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 Rating

4 stars
Overall Morningstar Rating for Natural Resources Trust, as of Sep 30, 2026 rated against 109 Natural Resources Funds based on risk adjusted total return.

Holdings

Holdings

as of Aug 31, 2026
Name Weight (%)
EXXONMOBIL HOLDINGS CORP 7.51
SHELL PLC 7.28
CHEVRON CORP 5.66
GLENCORE PLC 4.72
ANGLO AMERICAN PLC 4.71
Name Weight (%)
NUTRIEN LTD 4.37
ROYAL GOLD INC 3.85
WHEATON PRECIOUS METALS CORP 3.83
SUNCOR ENERGY INC (CANADA) 3.65
CORTEVA INC 3.61
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 Aug 31, 2026

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2026

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 2026

% of Market Value

Type Fund Benchmark Net
as of Aug 31, 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

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

 

More Funds to Consider

More Funds to Consider

BACIX
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IGE
iShares North American Natural Resources ETF
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iShares MSCI Global Metals & Mining Producers ETF
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