BlackRock SMID-Cap Growth Equity Fund
Data updated: 2025-08-11
C000228505 — BlackRock SMID-Cap Growth Equity Fund. United States Mid Cap Growth Equity · $10.32M AUM. Holdings, fees, performance and SEC filings.
C000228505 Fund Overview
BlackRock SMID-Cap Growth Equity Fund is a US mutual fund managed by Blackrock Funds, categorised as United States Mid 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 Mid Cap Growth Equity
- Assets under management: $10.32M
- 1-year return: 2.7%
- SEC CIK: 0000844779
- SEC series ID: S000072352
- Share class ID: C000228505
C000228505 Investment Objective and Strategy
BlackRock SMID-Cap Growth Equity 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 SMID-Cap Growth Equity Fund (SMID-Cap Growth Equityor the Fund), a series of BlackRock Funds SM (the Trust), is long-term capital appreciation.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities issued by U.S. small- and mid-capitalization companies which Fund management believes have above-average earnings growth potential, and derivatives that have similar economic characteristics to such equity securities. Fund management generally considers small- to mid-capitalization companies to be those companies having market capitalizations within the range of companies comprising the Russell 2500 Growth Index. The Russell 2500 Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher growth earning potential as defined by FTSE Russells leading style methodology.
The Fund seeks to buy primarily common stock but also can invest in preferred stock, convertible securities, warrants and other equity securities. From time to time the Fund may invest in shares of companies through new issues or initial public offerings (IPOs). The Fund may, when consistent with the Funds investment objective, buy or sell options or futures on a security or an index of securities (commonly known as derivatives). The primary purpose of using derivatives is to attempt to reduce risk to the Fund as a whole (hedge), but they may also be used to maintain liquidity and commit cash pending investment. Fund management also may, but under normal market conditions generally does not intend to, use derivatives for speculation to increase returns.
C000228505 Holdings
Top 10 holdings of BlackRock SMID-Cap Growth Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Axon Enterprise Inc | 3.93% |
| Comfort Systems USA Inc | 3.43% |
| Duolingo Inc | 3.09% |
| Tradeweb Markets Inc | 2.67% |
| Vertiv Holdings Co | 2.47% |
| Carvana Co | 2.45% |
| Galderma Group AG | 2.38% |
| Live Nation Entertainment Inc | 2.37% |
| Liberty Media Corp-Liberty For | 2.32% |
| Planet Fitness Inc | 2.23% |
C000228505 Portfolio Allocation
Asset-class allocation of BlackRock SMID-Cap Growth Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 1.4% |
C000228505 Performance
Total returns for C000228505 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.7% |
| 3 years (annualised) | 4.2% |
C000228505 Risk Information
Risk metrics for C000228505, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.9%
C000228505 Costs and Fees
C000228505 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.12%
- Portfolio turnover: 36%
- Brokerage commissions: 1.48 bps of average net assets (SEC N-CEN)
C000228505 Cashflows
Over the 12 months to 2025-05, BlackRock SMID-Cap Growth Equity Fund had net inflows of $279.95K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-05 | −$50.86K |
| 2025-04 | $130.49K |
| 2025-03 | $17.69K |
| 2025-02 | $90 |
| 2025-01 | $2.72K |
| 2024-12 | $3.85K |
C000228505 Debt Constituents
No individual debt constituents are reported in BlackRock SMID-Cap Growth Equity Fund's latest SEC N-PORT filing.
C000228505 Prospectus and SEC Filings
Official BlackRock SMID-Cap Growth Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-09-23
- Prospectus (485BPOS) — filed 2023-09-22
- Prospectus (485BPOS) — filed 2022-09-21
- Portfolio holdings (N-PORT) — filed 2025-07-24
- Portfolio holdings (N-PORT) — filed 2025-04-24
- Portfolio holdings (N-PORT) — filed 2025-01-27
- Annual census (N-CEN) — filed 2025-08-11
- Annual census (N-CEN) — filed 2024-08-08
Related Funds
Other United States Mid 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.