Fund Evaluator:

iShares Russell 1000 Large-Cap Idx Inv A Overview

iShares Russell 1000 Large-Cap Idx Inv A (BRGAX) is a passively managed U.S. Equity Large Blend fund. BlackRock launched the fund in 2011.

The investment seeks to match the performance of the Russell 1000® Index (the “Russell 1000” or the “underlying index”) as closely as possible before the deduction of Fund expenses. The fund will be substantially invested in equity securities in the Russell 1000, and will invest, under normal circumstances, at least 80% of its net assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Russell 1000. The Russell 1000 measures the performance of the large-cap segment of the U.S. equity universe. The fund is non-diversified.

About iShares Russell 1000 Large-Cap Idx Inv A (BRGAX)

There are 4 members of the management team with an average tenure of 3.58 years: Jennifer Hsui (2016), Peter Sietsema (2025), Matt Waldron (2025), Steven White (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Russell 1000 TR USD index with a weighting of 100%. iShares Russell 1000 Large-Cap Idx Inv A has 1032 securities in its portfolio. The top 10 holdings constitute 33.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

iShares Russell 1000 Large-Cap Idx Inv A is part of the Equity global asset class and is within the U.S. Equity fund group. iShares Russell 1000 Large-Cap Idx Inv A has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4%. There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Russell 1000 Large-Cap Idx Inv A has -0.1% of the portfolio in cash.

Assets Under Management

The fund has $131 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BRGAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Russell 1000 Large-Cap Idx Inv A expense ratio is below average compared to funds in the Large Blend category. iShares Russell 1000 Large-Cap Idx Inv A has an expense ratio of 0.36%, which is 56% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Russell 1000 Large-Cap Idx Inv A has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, iShares Russell 1000 Large-Cap Idx Inv A returned -0.4%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

iShares Russell 1000 Large-Cap Idx Inv A has a trailing yield of 0.79%, which is above the 0.56% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares Russell 1000 Large-Cap Idx Inv A Grades

Year to date, the fund has returned 9.7%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 18.5% over the past year (grade of C), 18.6% over the past three years (grade of C) and 11.7% per year over the past five years (grade of C) and 14.4% per year over the past 10 years (grade of B).

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