Blackrock Russell 1000 Index Fund (BRGAX) belongs to the investor A share class category. Investors profit from investments by only paying some management fees for a specific period. Index funds become an attractive investment option as investors can enjoy board diversification, and it doesn’t require frequent actions while investing in these assets.
However, it is mandatory to check the complete review of any index fund, including the history of the fund, performance, return info, ranking info, costs, risk factors, etc.
This article will ultimately review the BRGAX, containing essential information.
What is the Blackrock Russell 1000 Index Fund?
It is a mutual fund that seeks to track the performance of the Russell 1000® Index. It tracks the performance of the Russell 1000 Index as closely as possible before confirming the fund expense. This fund belongs to the BlackRock fund family, and the quote of this fund is BRGAX. You can consider BRGAX as a “feeder” fund as it invests all its assets in the master portfolio. This fund belongs to the Large Blend category, the portfolio style is Growth, and the fund status is Open.
This fund follows the same investment strategy as the Russell 1000 Index fund and invests 80% of its assets in the same weighting stocks as the Russell 1000 Index fund does. This fund invests in many sectors, including technology, healthcare, utilities, energy, financial services, real estate, etc.
Meanwhile, the top ten holdings of the fund BRGAX are Apple Inc, Tesla Inc, Microsoft Inc., NVIDIA crop, etc.
History of the fund
The fund BRGAX has been operating for over ten years as the inception date is Mar 30, 2011. The lead manager of this fund has been Jennifer Hsui since Apr 7, 2016. He was a lead manager in BGFA from 2006-to 2007 and then joined BlackRock Investment Management LLC as a senior portfolio manager. Before that, from 2003-to 2006, Ms Hsui was a research analyst for RBC Capital Markets. The net asset of this fund is $910.914 million.
This fund is floating near $29.12 today at the time of writing.
Ranking info
The info enables investors to make a meaningful comparison with many assets in the same category, and it becomes easier to measure asset potentiality, historical performance, risk factors, etc. Many organizations make this ranking by comparing many assets in the same group from several angles.
According to MorningStar, BRGAX belongs to a 4-star category among 1232 funds of the same category. MorningStar gives the top 10% a five-star rating, and the next 22.5% get a 4-star rating. The fund receives a four-star rating overall and ten years duration; it receives a three-star rating for 3-years and 5-years.
Trailing return info
Smart financial traders always seek the return info of any investment asset before making investments, as it is essential to measure the potentiality of gaining before deciding to invest. The fund has an attractive return in different durations. It shows a 9.84% return in a 1-year duration, a 17.37% return for three years, and a 15.44% return in five years. Meanwhile, the YTD return is -5.37% and a 14.14% return in ten years. Check the chart below to compare return info with many other data.
We are attaching a calendar year total returns info of BRGAX, Russell 1000 Index and large bend for better understanding.
Now check the cumulative return chart of different duration.
Performance measurement
It is worth checking performance measurement data before making an investment decision on any index fund to know the potentiality. The BRGAX index fund shows eight years of up and only one down year in the last nine years. Let’s check the performance overview chart at a glance.
The five years average return is 10.79%. Now check the chart below containing the trailing return (%) vs benchmarks.
For a better understanding of performance, check the hypothetical growth chart of BRGAX for $10K, which shows a smooth growth.
Fees and costs
The fund involves some management fees and sometimes transaction fees. The gross expense ratio is 0.68%, the net expanse ratio is 0.38%, and the online transaction fee is $49.95. Let’s check the costs at a glance.
BRGAX involves some minimum investments of $1000 and an additional $50. These fees and costs are reasonable and affordable as you make a long-term investment.
Risk factors
The fund tracks the performance of the master portfolio of the Russell 1000 Index fund, which invests in many large-capitalization US company stocks. Stocks prices respond to many socioeconomic, microeconomic, and macroeconomic factors such as interest rates, government policies, GDP, pandemics, advisor issues, etc.
So when these stocks decline, the fund BRGAX will respond. However, index funds are safer assets than many other financial assets such as commodities, currencies, cryptocurrencies, etc.
- The alpha value is -0.09
- The beta value is 1.03
Volatility measurement
This info declares how fast or slow the financial asset changes value. The beta value is 1.00, and the Sharpe ratio of BRGAX is 0.92. Meanwhile, the standard deviation is 18.22. So it is worth checking the volatility measurement data before investing.
These all values are based on the historical return and performance of the BRGAX.
Blackrock Russell 1000 Index Fund forecast 2022
The fund has been growing smoothly since its inception. It is significantly declined due to the recent Covid-19 pandemic. The price went down to nearly $14.90 from a peak near $22.
Then smoothly recovers within a few months and starts to increase smoothly again. We check all essential data during our research and reckon the fund s a potential investment in 2022 without any uncertainty.
Final thought
Finally, this article contains all primary info about the fund BRGAX. If you want to invest in it, we suggest checking the return info, doing additional research, and matching your expectations.
