Equity

MJRFX

Mid-Cap Value Fund

  • NAV as of Apr 25, 2025 $21.57
    52 WK: 19.64 - 25.46
  • 1 Day NAV Change as of Apr 25, 2025 -0.09 (-0.42%)
  • NAV Total Return as of Apr 25, 2025 YTD: -3.71%

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

  1y 3y 5y 10y
Total Return (%) 2.15 4.32 17.98 8.61
Benchmark (%) 2.27 3.78 16.70 7.62
Morningstar Category Avg. (%) 1.45 4.80 17.58 7.53
Morningstar Ranking 117/416 199/389 116/366 -
Morningstar Quartile 2 3 2 1
Lipper Ranking 40/152 63/145 44/135 -
Lipper Quartile 2 2 2 -
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -0.54 -3.26 -0.54 2.15 13.53 128.54 128.31
Benchmark (%) -2.11 -3.68 -2.11 2.27 11.78 116.47 108.33
Morningstar Category Avg. (%) -1.65 -3.37 -1.65 1.45 15.09 124.75 106.72
  2020 2021 2022 2023 2024
Total Return (%) 7.21 26.48 -3.98 12.63 9.46
Benchmark (%) 4.96 28.34 -12.03 12.71 13.07
Morningstar Category Avg. (%) 2.63 29.32 -8.02 13.94 11.43

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 Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 25, 2025
$876.5 M
Share Class launch date
Jan 25, 2018
Benchmark Index
Russell MidCap Value Index
Morningstar Category
Mid-Cap Value
CUSIP
09255V609
Open to New Investors
No
Size of Class (Millions)
as of Apr 25, 2025
$103.1 M
Asset Class
Equity
Distribution Frequency
Annual
Lipper Classification
Mid-Cap Value Funds
Max Offer Price
as of Apr 25, 2025
$21.57
Turnover Percent in the Annual Report
as of Apr 30, 2024
62%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Mar 31, 2025
111
P/E Ratio - Forward
as of Mar 31, 2025
13.17
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Mar 31, 2025
17.69
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
13.56%
Active Share
as of Mar 31, 2025
88.67%
P/B Ratio
as of Mar 31, 2025
1.64
Alpha (3y)
as of Mar 31, 2025
0.07
R-Squared (3y)
as of Mar 31, 2025
96.71
Beta (3y)
as of Mar 31, 2025
0.87
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-12.02%

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 0.73%
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

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Feb 28, 2025)
Analyst-Driven % as of Feb 28, 2025
55.00
Data Coverage % as of Feb 28, 2025
100.00

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 Mar 31, 2025 out of 145, 12,247, 145, 82 and 144 Funds, respectively in Lipper's Mid-Cap Value Funds classification.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
CARDINAL HEALTH INC 2.95
SS&C TECHNOLOGIES HOLDINGS INC 2.76
FIRST CITIZENS BANCSHARES INC 2.60
CVS HEALTH CORP 2.53
BAXTER INTERNATIONAL INC 2.49
Name Weight (%)
L3HARRIS TECHNOLOGIES INC 2.10
FIDELITY NATIONAL INFORMATION SERVICES INC 2.00
LABCORP HOLDINGS INC 1.63
SEALED AIR CORPORATION 1.62
ELECTRONIC ARTS INC 1.59
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

Tony DeSpirito
Tony DeSpirito
Global CIO of Fundamental Equities, Portfolio Manager, Managing Director

   

Read More

Antonio (Tony) DeSpirito, Managing Director, is Global Chief Investment Officer of Fundamental Equities. He is also lead portfolio manager of the BlackRock Equity Dividend and value portfolios.

 

Mr. DeSpirito joined BlackRock in 2014. He was previously a Managing Principal, portfolio manager, and member of the Executive Committee at Pzena Investment Management, where he was responsible for a suite of long-only value products and two hedge fund portfolios. Mr. DeSpirito has managed value equity assets since 1996, serving as a portfolio manager for the John Hancock Classic Value, PACE Large Company Value, and Vanguard Windsor funds.

 

Mr. DeSpirito is a visiting lecturer at the Johnson School at Cornell University. He is also a member of the board of directors of the Adirondack North Country Association.

 

Mr. DeSpirito earned a BS degree in economics with a concentration in finance, summa cum laude, from the Wharton School of the University of Pennsylvania and a JD degree, magna cum laude, from Harvard Law School.

David Zhao
David Zhao
Portfolio Manager, Managing Director

  

Read More

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

Literature

Literature

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694