High demand on the managers' time given their responsibilities across strategies, and a process that is still bedding in, limits BlackRock Natural Resources' Morningstar Analyst Rating to Negative.
BlackRock Natural Resources Inv A MDGRX
NAV / 1-Day Return
31.65
/
0.70
%
Total Assets
205.1 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.240%
Expense Ratio
1.240%
Fee Level
Below Average
Longest Manager Tenure
4.83
years
Category
Natural Resources
Investment Style
Large ValueMin. Initial Investment
1,000
Status
Open
TTM Yield
3.79%
Turnover
87%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MDGRX outperform in 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 MDGRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MDGRX 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 MDGRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strategy that needs more team resources and additional time for the process to settle.
