Equity

MDFGX

Capital Appreciation Fund

  • NAV as of Apr 25, 2025 $33.54
    52 WK: 29.39 - 40.69
  • 1 Day NAV Change as of Apr 25, 2025 0.54 (1.64%)
  • NAV Total Return as of Apr 25, 2025 YTD: -9.38%

Overview

About this Fund

1. A high conviction, large cap growth strategy 
2. Combines diversified sources of growth 
3. Seeks to outperform in all markets

Investment Approach

Invests in large cap growth companies, primarily based in the U.S., that fund management believes will demonstrate above-average growth rates in earnings over the long term.

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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 2.87 7.82 15.75 12.79
Return w/ Sales Charge (%) -2.53 5.90 14.51 12.19
Benchmark (%) 7.76 10.10 20.09 15.12
Morningstar Category Avg. (%) 5.01 7.76 16.99 12.61
Morningstar Ranking 734/1079 525/1027 649/949 343/745
Morningstar Quartile 3 3 3 2
Lipper Category Avg. (%) 4.75 8.32 17.10 12.87
Lipper Ranking 512/681 407/648 469/611 271/488
Lipper Quartile 4 3 4 3
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -11.08 -8.81 -11.08 2.87 25.33 107.77 233.27
Return w/ Sales Charge (%) -15.75 -13.60 -15.75 -2.53 18.75 96.86 215.77
Benchmark (%) -9.97 -8.42 -9.97 7.76 33.46 149.72 308.83
Morningstar Category Avg. (%) -8.49 -8.05 -8.49 5.01 25.13 119.14 227.87
Lipper Category Avg. (%) -9.26 -8.47 -9.26 4.75 27.20 120.88 238.67
  2020 2021 2022 2023 2024
Total Return (%) 40.09 20.69 -37.84 48.85 31.53
Annual w/ Sales Charge (%) 32.74 14.36 -41.10 41.04 24.63
Benchmark (%) 38.49 27.60 -29.14 42.68 33.36
Morningstar Category Avg. (%) 35.86 20.45 -29.91 36.74 28.96

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 Fund’s returns prior to June 28, 2010 are those of a predecessor fund that organized into the Fund on June 28, 2010.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 25, 2025
$3,283.9 M
Share Class launch date
Dec 31, 1997
Benchmark Index
Russell 1000 Growth Index (USD)
Morningstar Category
Large Growth
CUSIP
09251R107
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 25, 2025
$1,952.3 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Large-Cap Growth Funds
Max Offer Price
as of Apr 25, 2025
$35.40
Turnover Percent in the Annual Report
as of May 31, 2024
21%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Mar 31, 2025
35
P/E Ratio - Forward
as of Mar 31, 2025
28.93
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Mar 31, 2025
22.82
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
21.96%
Active Share
as of Mar 31, 2025
43.11%
P/B Ratio
as of Mar 31, 2025
10.65
Alpha (3y)
as of Mar 31, 2025
-0.24
R-Squared (3y)
as of Mar 31, 2025
98.36
Beta (3y)
as of Mar 31, 2025
1.11
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-23.09%

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 0.99%
Net Expense Ratio 0.92%

Net Expense Ratio excluding Investment Related Expenses is 0.92%

  • 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 Oct 04, 2024)
Analyst-Driven % as of Oct 04, 2024
100.00
Data Coverage % as of Oct 04, 2024
100.00

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
NVIDIA CORPORATION 10.86
AMAZON.COM INC 10.09
MICROSOFT CORPORATION 9.54
APPLE INC 8.55
META PLATFORMS INC 6.80
Name Weight (%)
VISA INC 4.76
BROADCOM INC 4.64
ELI LILLY AND COMPANY 3.99
NETFLIX INC 3.43
ALPHABET INC 3.25
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 Mar 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 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

Philip H. Ruvinsky
Philip H. Ruvinsky
Managing Director

    

Read More

Phil Ruvinsky, CFA, Managing Director, is a member of the Fundamental Equity division of BlackRock's Portfolio Management Group. He is the portfolio manager of the BlackRock Mid-Cap Growth Fund, the BlackRock Future Innovators ETF and the BlackRock Innovation and Growth Trust.

 

Prior to joining BlackRock in 2013, Mr. Ruvinsky was a sector head and research analyst at Sureview Capital LLC from 2010 to 2013, where he was the sector head for the global internet, media and telecom sectors. He began his investment career with UBS Global Asset Management in 2002 where, most recently, he was a portfolio manager and investment analyst with primary research responsibility for internet, consumer and health care sectors. Mr. Ruvinsky started his career as an attorney for Skadden, Arps, Slate, Meagher & Flom.

 

Mr. Ruvinsky received a BA degree in economics from the University of Texas, a JD degree from the University of Michigan Law School and an MBA degree from Columbia Business School.

Caroline Bottinelli
Caroline Bottinelli
Managing Director

  

Read More

Caroline (Anastasi) Bottinelli, Managing Director, is a member of the Fundamental Equity division of BlackRock's Alpha Strategies Group. She is a co-portfolio manager of the BlackRock Large Cap Growth and Mid-Cap Growth funds. She is also a research analyst for the US Growth team.

 

Prior to joining BlackRock in 2016, Ms. Bottinelli completed her Masters of Business Administration degree at Harvard University. Ms. Bottinelli began her investment career as an Equity Research Associate at J.P. Morgan, focusing on the media and entertainment industry. Ms. Bottinelli holds a Bachelor of Science degree in Operations Research and Financial Engineering from Princeton University.

Portfolio Manager
Read the Team's Commentary

Literature

Literature

 

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