BlackRock Mid-Cap Growth Equity K
BMGKX
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- BlackRock Mid-Cap Growth Equity Portfolio Class K (BMGKX) is an open-end mutual fund that normally invests at least 80% of its net assets in growth equity securities issued by U.S. mid-capitalization companies, including common stock, preferred stock, convertible securities, and derivatives providing exposure to such securities or associated market risk factors; it targets companies within the market capitalization range of the Russell Midcap Growth Index (approximately $2.0 billion to $71.3 billion) that are also included in at least one growth index such as the Russell 3000 Growth Index, S&P Composite 1500 Growth Index, or MSCI World Growth Index; the fund may invest in initial public offerings and maintains a portfolio diversified across sectors like technology (30.08%), industrials (24.40%), and healthcare (12.07%), with top holdings including Howmet Aerospace Inc., Vertiv Holdings Co., and Carvana Co. The fund, domiciled in the United States and available for sale primarily to U.S. investors such as institutional clients with a minimum initial investment of $5 million, manages total net assets of approximately $6.80 billion, with the Class K share class at $2.14 billion and a net expense ratio of 0.71%. Launched on March 28, 2016, it is managed by BlackRock FundsSM, with portfolio managers Reid Menge and Sally Du appointed effective November 19, 2025. In a significant recent development, on September 18, 2024, the Board of Trustees approved amendments to the fund's principal investment strategy to comply with updated Rule 35d-1 (Names Rule) under the Investment Company Act of 1940, expanding the definition of eligible securities and incorporating derivatives; these changes became effective on or about September 26, 2025. The portfolio remains focused on long-term capital appreciation through U.S. mid-cap growth equities, with limited non-U.S. stock exposure (4.92%) concentrated in regions like the Eurozone.