Equity

MAGRX

Natural Resources Trust

  • NAV as of Jan 07, 2026 $35.41
    52 WK: 26.67 - 35.91
  • 1 Day NAV Change as of Jan 07, 2026 $-0.50 (-1.39%)
  • NAV Total Return as of Jan 08, 2026 YTD: 3.60%

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

  1y 3y 5y 10y
Total Return (%)

as of Dec 31, 2025

30.25 7.50 13.81 9.87
Benchmark (%)

as of Dec 31, 2025

28.86 6.68 10.61 10.38
Morningstar Category Avg. (%)

as of Dec 31, 2025

39.14 10.67 11.36 11.05
Morningstar Ranking

as of Dec 31, 2025

59/128 78/113 38/104 50/92
Morningstar Quartile

as of Dec 31, 2025

2 3 2 3
Lipper Category Avg. (%)

as of Dec 31, 2025

31.16 9.91 17.01 9.35
Lipper Ranking

as of Dec 31, 2025

29/67 44/62 41/58 21/55
Lipper Quartile

as of Dec 31, 2025

2 3 3 2
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%)

as of Dec 31, 2025

30.25 4.65 6.80 30.25 24.22 90.90 156.22
Benchmark (%)

as of Dec 31, 2025

28.86 3.41 6.71 28.86 21.42 65.53 168.44
Morningstar Category Avg. (%)

as of Dec 31, 2025

39.14 3.75 7.54 39.14 35.55 71.22 185.28
Lipper Category Avg. (%)

as of Dec 31, 2025

31.16 1.67 6.58 31.16 33.64 125.73 148.21
  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

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.

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

Key Facts

Key Facts

Size of Fund (Millions)
as of Jan 07, 2026
$164.5 M
Share Class launch date
Oct 24, 1988
Benchmark Index
S&P Global Natural Resources Index (USD)
Lipper Classification
Global Natural Resources
Max Offer Price
as of Jan 07, 2026
$35.41
Turnover Percent in the Annual Report
as of Apr 30, 2025
79%
Size of Class (Millions)
as of Jan 07, 2026
$73.3 M
Asset Class
Equity
Morningstar Category
Natural Resources
CUSIP
09252H405
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Nov 28, 2025
40
P/E Ratio - Forward
as of Nov 28, 2025
15.91
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Dec 31, 2025
15.42
Best 3-Month Return Over the Last 3 Years
3 months ending May 31, 2024
14.17%
Active Share
as of Nov 28, 2025
59.13%
P/B Ratio
as of Nov 28, 2025
1.81
Alpha (3y)
as of Dec 31, 2025
0.03
R-Squared (3y)
as of Dec 31, 2025
94.26
Beta (3y)
as of Dec 31, 2025
0.98
Worst 3-Month Return Over the Last 3 Years
3 months ending May 31, 2023
-10.71%

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 0.91%
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 Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Feb 25, 2025)
Analyst-Driven % as of Feb 25, 2025
100.00
Data Coverage % as of Feb 25, 2025
100.00

Holdings

Holdings

as of Nov 28, 2025
Name Weight (%)
SHELL PLC 7.59
WHEATON PRECIOUS METALS CORP 6.69
EXXON MOBIL CORP 6.57
BARRICK MINING CORP 5.55
ANGLO AMERICAN PLC 4.51
Name Weight (%)
CHEVRON CORP 4.49
VALE SA 4.32
NUTRIEN LTD 4.25
NEWMONT CORPORATION 4.24
CORTEVA INC 4.09
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 Nov 28, 2025

% of Market Value

Type Fund Benchmark Net
as of Nov 28, 2025

% of Market Value

Type Fund Benchmark Net
as of Nov 28, 2025

% of Market Value

Type Fund Benchmark Net
as of Nov 28, 2025

% 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

 

Funds related to MAGRX

Funds related to MAGRX

BACIX
Energy Opportunities Fund
Learn more about BACIX
IGE
iShares North American Natural Resources ETF
Learn more about IGE
PICK
iShares MSCI Global Metals & Mining Producers ETF
Learn more about PICK

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