About CMGIX
BlackRock Mid-Cap Growth Equity Portfolio Institutional is a mutual fund focused on U.S. mid-cap growth companies. Its principal objective is to provide long-term capital appreciation by investing at least 80% of assets in equity securities of mid-cap firms with above-average earnings growth potential. The fund predominantly features common stocks but may also incorporate preferred stocks, convertible securities, and other equity instruments. The portfolio targets companies with market capitalizations similar to those in the Russell Midcap Growth Index, spanning diverse sectors such as technology, industrials, financial services, and healthcare. Notable holdings have included names like AppLovin, Axon Enterprise, Ares Management, and Vertiv Holdings. Managed by BlackRock, the strategy emphasizes a disciplined approach that balances growth opportunities with valuation awareness. The fund is tailored for institutional investors, requiring a significant minimum investment and offering a below-average expense ratio relative to its peers. Since its inception in 1996, the fund has played a significant role in providing institutional exposure to innovative and rapidly growing U.S. mid-cap companies, serving as a key vehicle for capturing growth within this dynamic market segment.
Fund Family BlackRock
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CMGIX
Share Class Institutional
Index Russell MidCap Growth TR
CMGIX had a total return of -4.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.84%.
