BlackRock Advantage Large Cap Growth Fund
Data updated: 2026-09-24
C000198239 — BlackRock Advantage Large Cap Growth Fund. United States Large Cap Growth Equity · $1.92B AUM. Holdings, fees, performance and SEC filings.
C000198239 Fund Overview
BlackRock Advantage Large Cap Growth Fund is a US mutual fund managed by Blackrock Funds, categorised as United States Large 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 Large Cap Growth Equity
- Assets under management: $1.92B
- 1-year return: 37.4%
- SEC CIK: 0000844779
- SEC series ID: S000001871
- Share class ID: C000198239
C000198239 Investment Objective and Strategy
BlackRock Advantage Large 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 Large Cap Growth Fund (formerly known as BlackRock Flexible Equity Fund) (the “Fund”), a series of BlackRock Funds SM (the “Trust”), is to seek long-term capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in large cap equity securities of U.S. issuers and derivatives that have similar economic characteristics to such securities. For purposes of the Fund’s 80% policy, large cap equity securities are equity securities that at the time of purchase have a market capitalization within the range of companies included in the Russell 1000 ® Growth Index (the “Russell 1000 Growth Index”). The Fund is a growth fund and primarily intends to invest in equity securities, which include common stock, preferred stock and convertible securities, or other financial instruments that are components of, or have characteristics similar to, the securities included in the Russell 1000 Growth Index.
The Russell 1000 Growth Index is a capitalization-weighted index from a broad range of industries chosen for market size, liquidity and industry group representation. The Fund primarily seeks to buy common stock and may also invest in preferred stock and convertible securities. 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, futures, swaps, forward contracts and contracts for difference, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in 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 currency or an index, including but not limited to the Russell 1000 Growth Index. The use of options, futures, swaps, forward contracts and contracts for difference can be effective in protecting or enhancing the value of the Fund’s assets.
C000198239 Holdings
Top 10 holdings of BlackRock Advantage Large Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 9.22% |
| Apple, Inc. | 7.27% |
| Microsoft Corp. | 6.60% |
| Broadcom, Inc. | 5.79% |
| Amazon.com, Inc. | 4.79% |
| Alphabet, Inc. | 3.97% |
| Meta Platforms, Inc. | 3.95% |
| Tesla, Inc. | 3.08% |
| Advanced Micro Devices, Inc. | 2.99% |
| Alphabet, Inc. | 2.92% |
C000198239 Portfolio Allocation
Asset-class allocation of BlackRock Advantage Large Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 1.2% |
C000198239 Performance
Total returns for C000198239 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 13.4% |
| 1 year | 37.4% |
| 3 years (annualised) | 29.5% |
| 5 years (annualised) | 16.1% |
C000198239 Risk Information
Risk metrics for C000198239, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.6%
C000198239 Costs and Fees
C000198239 costs about $57 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.57%
- Gross expense ratio: 0.67%
- Portfolio turnover: 98%
- Brokerage commissions: 0.63 bps of average net assets (SEC N-CEN)
C000198239 Cashflows
Over the 12 months to 2026-05, BlackRock Advantage Large Cap Growth Fund had net inflows of $98.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $5.04M |
| 2026-04 | $2.29M |
| 2026-03 | $15.20M |
| 2026-02 | $20.80M |
| 2026-01 | $14.86M |
| 2025-12 | $53.69M |
C000198239 Debt Constituents
No individual debt constituents are reported in BlackRock Advantage Large Cap Growth Fund's latest SEC N-PORT filing.
C000198239 Prospectus and SEC Filings
Official BlackRock Advantage Large Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-24
- Prospectus (485BPOS) — filed 2025-09-26
- Prospectus (485BPOS) — filed 2024-09-27
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Annual census (N-CEN) — filed 2026-08-13
- Annual census (N-CEN) — filed 2025-08-11
Related Funds
Other United States Large 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.