Fund Evaluator:
BlackRock Advantage Small Cap Gr Instl (PSGIX)
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Fund Details
BlackRock Advantage Small Cap Gr Instl Overview
BlackRock Advantage Small Cap Gr Instl (PSGIX) is an actively managed U.S. Equity Small Growth fund. BlackRock launched the fund in 1993.
The investment seeks long-term capital growth. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in small cap growth equity securities of U.S. issuers and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities.
About BlackRock Advantage Small Cap Gr Instl (PSGIX)
There are 3 members of the management team with an average tenure of 10.65 years: Travis Cooke (2013), Richard Mathieson (2017), Raffaele Savi (2017). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. BlackRock Advantage Small Cap Gr Instl has 615 securities in its portfolio. The top 10 holdings constitute 7.6% 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 Small Cap Gr Instl is part of the Equity global asset class and is within the U.S. Equity fund group. BlackRock Advantage Small Cap Gr Instl has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6%. There is 1.7% 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). BlackRock Advantage Small Cap Gr Instl has -0.4% of the portfolio in cash.
Assets Under Management
The fund has $461 million in total assets, which is above the $431 million average for the Small Growth 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.
PSGIX 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 Small Cap Gr Instl expense ratio is average compared to funds in the Small Growth category. BlackRock Advantage Small Cap Gr Instl has an expense ratio of 0.51%, which is 57% 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. BlackRock Advantage Small Cap Gr Instl has a portfolio turnover rate of 144%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.
Recently, in the month of July 2026, BlackRock Advantage Small Cap Gr Instl returned -5.8%, which earned it a grade of C, as the Small Growth category had an average return of -6.7%. 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 Advantage Small Cap Gr Instl has a trailing yield of 0.10%, which is above the 0.06% 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 Small Cap Gr Instl Grades
Year to date, the fund has returned 16.2%, 2.5 percentage points better than the category, which translates into a grade of B. The fund has returned 32.3% over the past year (grade of B), 16.1% over the past three years (grade of B) and 6.0% per year over the past five years (grade of B) and 11.5% per year over the past 10 years (grade of B).
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PSGIX 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 |
|
| PSGIX Return (NAV) | -5.8% | 2.4% | 32.3% | 16.1% | 6.0% | 11.5% |
| PSGIX Grade | C | D | B | B | B | B |
| +/- Category | 0.9% | -1.3% | 9.6% | 3.7% | 2.6% | 0.3% |
| Small Growth Avg | -6.7% | 3.7% | 22.7% | 12.4% | 3.3% | 11.2% |
| PSGIX Tax Cost Ratio | na | na | 0.0% | 0.1% | 1.1% | 1.7% |
PSGIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSGIX Return (NAV) | 16.2% | 15.2% | 14.1% | 18.7% | -24.9% | 3.6% | 33.4% | 33.9% | -5.0% | 14.9% | 13.4% |
| PSGIX Grade | B | A | C | B | B | D | D | B | C | F | B |
| +/- Category | 2.5% | 7.2% | -1.4% | 2.0% | 3.0% | -6.9% | -8.4% | 4.0% | -0.9% | -9.2% | 3.2% |
| Small Growth Avg | 13.6% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 21.5% |
| Total Risk Index: | 1.75 - High |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 1.43 |
| R-Squared: | 75% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $786 Mil |
| Fund Total Assets: | $ 461 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 144% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 13.3 years | |||
| Average Tenure: 10.7 years | |||
| Managers (Year): Cooke Travis (2013), Mathieson Richard (2017), Savi Raffaele (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 615 |
| % in Top 10 Holdings: | 7.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 1.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | -0.4% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | September 14, 1993 |
| Min. Initial Purchase: | $2,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.51% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | BlackRock Advantage Small Cap Gr Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
