Morningstar

BlackRock Natural Resources Trust Institutional Shares MAGRX

Morningstar Medalist Rating
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Medalist Rating as of See BlackRock Investment Hub
  • NAV / 1-Day Return $38.52  /  +0.62 %
  • Fund Size $192.3M
  • Adjusted Expense Ratio 0.910%
  • Net Expense Ratio 0.910%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Natural Resources
  • Equity Style Box (Funds) Large Value
  • Minimum Initial Investment $2M
  • Investment Status Open
  • TTM Yield 1.44%
  • Turnover Ratio 90%
NAV and 1-Day Return as of

Morningstar’s Analysis MAGRX

Will MAGRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAGRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MAGRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MAGRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A compelling offering for broad exposure to natural resources.

Senior Analyst Ramanand Kothari

Ramanand Kothari

Senior Analyst

Summary

BlackRock’s Natural Resources strategy, which includes a US fund, an SICAV, and a UK trust, is managed by a strong and well-resourced investment team that applies a disciplined process in a highly volatile universe. We retain the strategy’s People and Process Pillar ratings at Above Average and Average, respectively.

by Ramanand Kothari
Rated on Published on

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Portfolio Holdings MAGRX

More MAGRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 49.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ExxonMobil Holdings Corp

7.51 15M
Energy

Shell PLC

7.29 15M
Energy

Chevron Corp

5.66 12M
Energy

Glencore PLC

4.72 10M
Basic Materials

Anglo American PLC

4.71 10M
Basic Materials

Nutrien Ltd

4.37 9M
Basic Materials

Royal Gold Inc

3.85 8M
Basic Materials

Wheaton Precious Metals Corp

3.83 8M
Basic Materials

Suncor Energy Inc

3.66 7M
Energy

Corteva Inc

3.60 7M
Basic Materials

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