Large Blend

Summary

The investment seeks to match the performance of the Russell 1000® Index, as closely as possible before the deduction of fund expenses.
Fund Assets (millions) $1,854.1
Portfolio Managers 4
Fund Inception Mar 31, 2011
Gross Expense Ratio 0.36%
Fund Family BlackRock
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
99.3
Non-U.S. Stocks 0.0
0.7
U.S. Bonds 0.0
0.0
Non-U.S. Bonds 0.0
0.0
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.0
Cash 0.7
0.7
As of 10/31/2025
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through November 30, 2025
BRGAX
S&P 500 TR USD

Market Capitalization

$0.0 Mil
Average

Giant
42.6%
Large
32.8%
Medium
19.9%
Small
4.5%
Micro
0.2%

As of 10/31/2025

Morningstar Ownership ZoneTM

Large Blend
Weighted average of holdings
75% of fund's stock holdings
As of 10/31/25
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The fund is a "feeder" fund that invests all of its assets in the master portfolio, which has the same investment objective and strategies as the fund. It will be substantially invested in equity securities in the Russell 1000, and will invest, under normal circumstances, at least 80% of its net assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Russell 1000. The fund is non-diversified.

Fund Facts

Fund Inception Mar 31, 2011
Fund Assets (Millions) $1,854.1
Dividend Distribution Frequency Quarterly
Minimum Investment $1,000
Capital Gains Distribution Frequency Annually
Turnover 9%
Fiscal Year-End Dec
Prospectus Date Apr 30, 2025

Returns

Month-End Returns as of 11/30/25

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
BRGAX
S&P 500 TR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Yield & Valuation

12-Month Distribution Rates (NAV)
--
30-Day SEC Yield (Gross | Net) -- | --
Price/Book 4.32
Price/Cash Flow 15.65
Price/Earnings 22.31
As of 11/30/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Jennifer Hsui 9 yrs
Peter Sietsema 0 yrs
Matt Waldron 0 yrs
Steven White 0 yrs
As of 11/30/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(1211)
3-yr. Morningstar RatingTM
(1211 funds rated)
5-yr. Morningstar RatingTM
(1121 funds rated)
10-yr. Morningstar RatingTM
(875 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Morningstar Category
Large Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 11/30/2025.

Risk Measures

Fund
Standard Deviation
15.46
Sharpe Ratio
0.78
R-squared
100
Beta
1.02
Capture Ratio (Downside/Upside)
103/99
American Funds and Morningstar Benchmark for the 10 Years Years ending 11/30/25 R-squared, Beta and Capture Ratio calculated using the S&P 500 TR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Technology 35.3%
Financial Services 12.8%
Consumer Cyclical 10.8%
Communication Services 10.2%
Healthcare 9.1%
Industrials 8.3%
Consumer Defensive 4.6%
Energy 2.9%
Utilities 2.3%
Real Estate 2.1%
Basic Materials 1.8%

Percentage of net assets as of 10/31/2025

Top 10 Holdings

NVIDIA Corp
7.5%
Apple Inc
6.2%
Microsoft Corp
6.0%
Amazon.com Inc
3.7%
Broadcom Inc
2.7%
Alphabet Inc Class A
2.6%
Meta Platforms Inc Class A
2.2%
Alphabet Inc Class C
2.1%
Tesla Inc
2.0%
Berkshire Hathaway Inc Class B
1.4%

Percentage of net assets as of 10/31/2025

Geographic Breakdown

Regions | Top Countries
Americas
99.6%
Greater Europe
0.3%
Greater Asia
0.0%
Percentage of net assets as of 10/31/2025

Fees & Expenses

Fees

Annual Management Fees 0.03%
Service 12b-1 0.25%
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
BRGAX 0.36%
Morningstar Category: Large Blend 0.87%
Fund as of most recent prospectus. Morningstar Category as of 11/30/25.