Fund Evaluator:
BlackRock Mid-Cap Value Investor C (MCRFX)
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Best Performing in Mid-Cap Value Over the Last Year
| 41.4% | Fidelity Value Strategies (FSLSX) |
| 39.3% | Fidelity Advisor Mid Cap Value Z (FIDFX) |
| 39.2% | Fidelity Mid Cap Value (FSMVX) |
| 38.8% | Harbor Mid Cap Value Instl (HAMVX) |
| 38.3% | Harbor Mid Cap Value Investor (HIMVX) |
Fund Details
BlackRock Mid-Cap Value Investor C Overview
BlackRock Mid-Cap Value Investor C (MCRFX) is an actively managed U.S. Equity Mid-Cap Value fund. BlackRock launched the fund in 1995.
The investment seeks capital appreciation and secondarily, income, by investing in securities, primarily equity securities that fund management believes are undervalued and therefore represent an investment value. The fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of equity securities. Under normal circumstances, it invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities of mid cap companies. Under normal market conditions, the fund's advisor intends to invest primarily in dividend-paying securities.
About BlackRock Mid-Cap Value Investor C (MCRFX)
There are 1 members of the management team with an average tenure of 9.14 years: David Zhao (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell Mid Cap Value TR USD index with a weighting of 100%. BlackRock Mid-Cap Value Investor C has 107 securities in its portfolio. The top 10 holdings constitute 21.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BlackRock Mid-Cap Value Investor C is part of the Equity global asset class and is within the U.S. Equity fund group. BlackRock Mid-Cap Value Investor C has 14.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 83.1%. There is 14.1% 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). BlackRock Mid-Cap Value Investor C has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $642 million average for the Mid-Cap Value 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.
MCRFX 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 BlackRock Mid-Cap Value Investor C expense ratio is high compared to funds in the Mid-Cap Value category. BlackRock Mid-Cap Value Investor C has an expense ratio of 1.75%, which is 69% higher than its category average, making the fund expense ratio grade a F. 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. BlackRock Mid-Cap Value Investor C has a portfolio turnover rate of 75%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.
Recently, in the month of July 2026, BlackRock Mid-Cap Value Investor C returned 1.7%, which earned it a grade of C, as the Mid-Cap Value category had an average return of 1.7%. 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.
BlackRock Mid-Cap Value Investor C has a trailing yield of 1.38%, which is above the 0.87% category average. The fund normally distributes its income semi-annually 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.
BlackRock Mid-Cap Value Investor C Grades
Year to date, the fund has returned 14.7%, 0.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 22.8% over the past year (grade of C), 12.5% over the past three years (grade of C) and 9.1% per year over the past five years (grade of C) and 10.3% per year over the past 10 years (grade of C).
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MCRFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MCRFX Return (NAV) | 1.7% | 9.1% | 22.8% | 12.5% | 9.1% | 10.3% |
| MCRFX Grade | C | A | C | C | C | C |
| +/- Category | 0.0% | 3.1% | -0.3% | -1.0% | -0.2% | 0.1% |
| Mid-Cap Value Avg | 1.7% | 6.0% | 23.1% | 13.4% | 9.4% | 10.1% |
| MCRFX Tax Cost Ratio | na | na | 4.3% | 3.4% | 2.9% | 3.0% |
MCRFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MCRFX Return (NAV) | 14.7% | 12.6% | 8.3% | 11.4% | -4.9% | 25.2% | 6.1% | 28.2% | -10.4% | 7.7% | 21.4% |
| MCRFX Grade | C | B | F | C | B | D | B | C | A | F | A |
| +/- Category | -0.8% | 2.7% | -3.5% | -2.5% | 3.2% | -2.3% | 2.3% | 1.9% | 3.0% | -6.4% | 4.0% |
| Mid-Cap Value Avg | 15.5% | 9.9% | 11.8% | 13.9% | -8.2% | 27.5% | 3.8% | 26.3% | -13.4% | 14.1% | 17.4% |
| Risk Measures | |
| Standard Deviation: | 13.0% |
| Total Risk Index: | 1.06 - Above Average |
| Category Risk Index: | 0.88 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.81 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1117 Mil |
| Fund Total Assets: | $ 19 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 75% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 9.1 years | |||
| Average Tenure: 9.1 years | |||
| Managers (Year): Zhao David (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 107 |
| % in Top 10 Holdings: | 21.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.1% |
Portfolio Allocation |
|
| Domestic Stock: | 83.1% |
| Foreign Stock: | 14.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.8% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | February 1, 1995 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.75% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | BlackRock Mid-Cap Value Institutional |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
