Fund Evaluator:

BlackRock Advantage Large Cap Core Inv A Overview

BlackRock Advantage Large Cap Core Inv A (MDLRX) is an actively managed U.S. Equity Large Blend fund. BlackRock launched the fund in 1999.

The investment seeks long-term capital growth. The fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in large cap equity securities and derivatives that have similar economic characteristics to such securities. The adviser primarily intends to invest in equity securities, which include common stock, preferred stock and convertible securities, or other financial instruments that are components of, or have characteristics similar to, the securities included in the Russell 1000® Index.

About BlackRock Advantage Large Cap Core Inv A (MDLRX)

There are 3 members of the management team with an average tenure of 9.14 years: Travis Cooke (2017), Richard Mathieson (2017), Raffaele Savi (2017). 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%. BlackRock Advantage Large Cap Core Inv A has 94 securities in its portfolio. The top 10 holdings constitute 36.8% 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 Advantage Large Cap Core Inv A is part of the Equity global asset class and is within the U.S. Equity fund group. BlackRock Advantage Large Cap Core Inv A has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.9%. There is 0.9% 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 Advantage Large Cap Core Inv A has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $1 billion 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.

MDLRX 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 Advantage Large Cap Core Inv A expense ratio is above average compared to funds in the Large Blend category. BlackRock Advantage Large Cap Core Inv A has an expense ratio of 0.73%, which is 10% lower than its category average, making the fund expense ratio grade a C. 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 Advantage Large Cap Core Inv A has a portfolio turnover rate of 117%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, BlackRock Advantage Large Cap Core Inv A returned 1.2%, which earned it a grade of B, 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.

BlackRock Advantage Large Cap Core Inv A has a trailing yield of 0.40%, which is below the 0.56% category average. The fund normally distributes its income 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 Advantage Large Cap Core Inv A Grades

Year to date, the fund has returned 14.3%, 5.0 percentage points better than the category, which translates into a grade of A. The fund has returned 26.9% over the past year (grade of A), 21.9% over the past three years (grade of A) and 13.1% per year over the past five years (grade of A) and 15.5% per year over the past 10 years (grade of A).

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