- What does CMGIX invest in?
- This fund primarily allocates at least 80% of its net assets to common stock and other equity instruments issued by U.S. companies of medium market capitalization. The investment management team targets businesses they believe possess the capacity for above-average earnings expansion. For investment purposes, the fund's advisor generally considers mid-capitalization companies to be those with market valuations aligned with firms included in the Russell Midcap® Growth Index at the time of purchase. While concentrating on common stock, the fund also has the flexibility to invest in preferred stock, convertible securities, and other types of equity.
- What is the expense ratio of CMGIX?
- BlackRock Mid-Cap Growth Equity Portfolio Institutional Shares (CMGIX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is CMGIX?
- BlackRock Mid-Cap Growth Equity Portfolio Institutional Shares (CMGIX) is one share class of a fund that manages $4.04B across all of its share classes (BMGAX, BMGCX, BMGKX, BMRRX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is CMGIX actively managed or an index fund?
- CMGIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CMGIX's is 0.80%) in exchange for the discretion to over- or under-weight positions.
- When was CMGIX launched?
- BlackRock Mid-Cap Growth Equity Portfolio Institutional Shares (CMGIX) launched in December 1996 and is managed by BlackRock.
- How has CMGIX performed?
- CMGIX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
