BlackRock Advantage Small Cap Growth Fund
Data updated: 2026-08-27
C000004051 — BlackRock Advantage Small Cap Growth Fund. United States Small Cap Growth Equity · $833.41M AUM. Holdings, fees, performance and SEC filings.
C000004051 Fund Overview
BlackRock Advantage Small Cap Growth Fund is a US mutual fund managed by Blackrock Funds, categorised as United States Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Blackrock Funds
- Category: United States Small Cap Growth Equity
- Assets under management: $833.41M
- 1-year return: 32.5%
- SEC CIK: 0000844779
- SEC series ID: S000001507
- Share class ID: C000004051
C000004051 Investment Objective and Strategy
BlackRock Advantage Small Cap Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Funds.
Investment objective
The investment objective of BlackRock Advantage Small Cap Growth Fund (“Advantage Small Cap Growth” or the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek long-term capital growth.
Principal investment strategy
"Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small cap companies and at least 80% of its net assets (plus any borrowings for investment purposes) in securities or instruments of issuers located in the United States. Equity securities consist primarily of common stock, preferred stock, securities convertible into common stock and securities or other instruments whose price is linked to the value of common stock, such as derivatives. The Fund seeks to buy primarily common stock but also can invest in preferred stock, convertible securities and other equity securities. The Fund management team focuses on small capitalization companies that Fund management believes have above average prospects for earnings growth.
Although a universal definition of small-capitalization companies does not exist, the Fund generally defines these companies as those with market capitalizations, at the time of the Fund's investment, comparable in size to the companies in the Russell 2000 Index (between approximately $14.845 million and $8.761 billion as of December 29, 2017). In the future, the Fund may define small-capitalization companies using a different index or classification system. From time to time the Fund may invest in shares of companies through ""new issues"" or initial public offerings (""IPOs""). The Fund may use derivatives, including options, warrants, futures, indexed securities, inverse securities, swaps and forward contracts both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.
In order to manage cash flows into or out of the Fund effectively, the Fund may buy and sell financial futures contracts or options on such contracts. Derivatives are financial instruments whose value is derived from another security, a commodity (such as oil or gas), a currency or an index, including but not limited to the Russell 2000 Index. The use of options, futures, indexed securities, inverse securities, swaps and forward contracts can be effective in protecting or enhancing the value of the Fund's assets."
C000004051 Holdings
Top 10 holdings of BlackRock Advantage Small Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Funds Iii | 4.03% |
| Enersys | 0.73% |
| Moog, Inc. | 0.72% |
| Silicon Laboratories, Inc. | 0.70% |
| Comfort Systems USA, Inc. | 0.67% |
| Installed Building Products, Inc. | 0.66% |
| Maxlinear, Inc. | 0.66% |
| Argan, Inc. | 0.65% |
| Federal Signal Corp. | 0.64% |
| Kulicke And Soffa Industries, Inc. | 0.63% |
C000004051 Portfolio Allocation
Asset-class allocation of BlackRock Advantage Small Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Cash & Equivalents | 4.2% |
C000004051 Performance
Total returns for C000004051 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 32.5% |
| 3 years (annualised) | 19.0% |
C000004051 Risk Information
Risk metrics for C000004051, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.9%
C000004051 Costs and Fees
C000004051 costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 1.80%
- Portfolio turnover: 144%
- Brokerage commissions: 9.19 bps of average net assets (SEC N-CEN)
C000004051 Cashflows
Over the 12 months to 2026-06, BlackRock Advantage Small Cap Growth Fund had net outflows of $62.86K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $843.92K |
| 2026-05 | −$1.31M |
| 2026-04 | −$7.28M |
| 2026-03 | −$1.83M |
| 2026-02 | $5.00M |
| 2026-01 | $515.44K |
C000004051 Debt Constituents
No individual debt constituents are reported in BlackRock Advantage Small Cap Growth Fund's latest SEC N-PORT filing.
C000004051 Prospectus and SEC Filings
Official BlackRock Advantage Small Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-24
- Prospectus supplement (497) — filed 2026-01-30
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2023-12-11
- Annual census (N-CEN) — filed 2022-12-09
Related Funds
Other United States Small Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.