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The Best of BlackRock Funds: 4 Top Funds

From fixed income to global mixtures, BLK offers plenty of smart, actively managed options

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Top BlackRock Funds: Mid-Cap Equity (BMGAX)

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For investors looking for a growth option, Blackrock Mid-Cap Equity (BMGAX) is a solid choice. This fund has a new manager at the helm with Lawrence Kemp taking over in 2013.

This management change is most likely part of the 160% turnover that the fund reported over the past year, as the fund’s holdings were repositioned.

So far, results are encouraging — the fund is up 34% over the past year, which places it in the top 3% of its Morningstar peer group. Over the past five years, the fund has returned an annualized 21% as growth investing has been handsomely rewarded. Annual average returns of 7.8% over the past 10 years are impressive, too.

BMGAX has a smallish asset base of $361 million, so the manager here can be nimble when it comes to finding and acting on compelling growth stories. Many medium-sizes firms fall under the radar of most Wall Street analysts, and this can be advantageous for the right stock picker. Recent top holdings include Liberty Ventures (LVNTA), Jarden Corp. (JAH), Yelp (YELP) and Wynn Resorts (WYNN).

BMGAX charges 1.39% in annual expenses.

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