- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Bellevue Parkway Wilmington DE United States of America 19809
- IPO Date
- Dec 27, 1996
- Business
- BlackRock Mid-Cap Growth Equity Portfolio Investor C Shares (BMGCX) is a mutual fund that seeks long-term capital appreciation primarily by investing at least 80% of its net assets in growth equity securities issued by U.S. mid-capitalization companies, as represented by the Russell Midcap Growth Index, and derivatives providing exposure to such securities or related market risk factors; these include common stock, preferred stock, convertible securities, and from time to time initial public offerings. The fund employs a disciplined investment process driven by bottom-up stock selection focused on companies exhibiting above-average revenue and earnings growth, accelerating earnings, estimate revisions, profitability, and relative value within long-term structural investment themes reshaping the global economy, supplemented by quantitative tools and optimization-assisted portfolio construction to express high-conviction views while mitigating style, factor, and macro risks; it holds approximately 70 securities across sectors such as industrials, technology, and financial services, with top holdings including Howmet Aerospace Inc., Vertiv Holdings Co., and Carvana Co. Managed by BlackRock Advisors, LLC, with a net expense ratio of 1.80% for Investor C shares (including a 1.00% 12b-1 fee and a 1.00% contingent deferred sales charge on redemptions within one year), the fund targets institutional and retail investors seeking mid-cap growth exposure and operates with a portfolio turnover rate of 87%. Launched on December 27, 1996, with Investor C shares available since inception, the fund is part of BlackRock FundsSM, headquartered in Wilmington, Delaware. In a significant recent change effective November 19, 2025, prior portfolio managers Phil Ruvinsky and Caroline Bottinelli stepped down and were replaced by Sally Du, CFA, Director of BlackRock, Inc., and Reid Menge, Managing Director of BlackRock, Inc., who introduced a revised investment process integrating quantitative models overseen by Du with fundamental stock-picking from analysts feeding into those models.