BLACKROCK NATURAL RESOURCES TRUST
BLACKROCK NATURAL RESOURCES TRUST
BLACKROCK NATURAL RESOURCES TRUST
Name
As of 11/06/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
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Vitals
YTD Return
17.8%
1 yr return
28.5%
3 Yr Avg Return
15.8%
5 Yr Avg Return
11.1%
Net Assets
$200 M
Holdings in Top 10
49.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.89%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 87.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/06/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Featured Dividend News, Stocks, ETFs, Funds
View all
Active ETF Income Scorecard: AI Rout and Oil Plunge Drag Income ETFs Lower
Why Municipal Bonds Could Be Fixed Income's Biggest Bargain
How to Read a CEF's Section 19(a) Notice and Tell Good Return of Capital From Bad
MCGRX - Profile
Distributions
- YTD Total Return 17.8%
- 3 Yr Annualized Total Return 15.8%
- 5 Yr Annualized Total Return 11.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.62%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBLACKROCK NATURAL RESOURCES TRUST
-
Fund Family NameBlackRock-advised Funds
-
Inception DateJun 29, 1998
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Holl
Fund Description
MCGRX - Performance
Return Ranking - Trailing
| Period | MCGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.8% | -20.0% | 30.3% | 33.33% |
| 1 Yr | 28.5% | -26.4% | 46.0% | 27.45% |
| 3 Yr | 15.8%* | -1.5% | 35.5% | 48.04% |
| 5 Yr | 11.1%* | -7.1% | 27.5% | 43.43% |
| 10 Yr | 9.0%* | 4.2% | 16.0% | 64.37% |
* Annualized
Return Ranking - Calendar
| Period | MCGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 10.5% | -10.9% | 88.0% | 70.59% |
| 2024 | -12.0% | -20.7% | 14.1% | 77.45% |
| 2023 | -7.9% | -13.1% | 52.1% | 85.15% |
| 2022 | -3.4% | -34.9% | 34.0% | 52.53% |
| 2021 | 22.9% | -4.9% | 83.5% | 54.64% |
Total Return Ranking - Trailing
| Period | MCGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.8% | -20.0% | 30.3% | 33.33% |
| 1 Yr | 28.5% | -26.4% | 46.0% | 27.45% |
| 3 Yr | 15.8%* | -1.5% | 35.5% | 48.04% |
| 5 Yr | 11.1%* | -7.1% | 27.5% | 43.43% |
| 10 Yr | 9.0%* | 4.2% | 16.0% | 64.37% |
* Annualized
Total Return Ranking - Calendar
| Period | MCGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 29.0% | -8.9% | 93.4% | 44.12% |
| 2024 | -4.2% | -19.2% | 16.4% | 79.41% |
| 2023 | -2.3% | -12.2% | 57.6% | 75.25% |
| 2022 | 16.4% | -32.2% | 35.5% | 34.34% |
| 2021 | 29.3% | 6.7% | 83.6% | 37.11% |
NAV & Total Return History
MCGRX - Holdings
Concentration Analysis
| MCGRX | Category Low | Category High | MCGRX % Rank | |
|---|---|---|---|---|
| Net Assets | 200 M | 14 M | 8.45 B | 81.37% |
| Number of Holdings | 44 | 28 | 808 | 73.53% |
| Net Assets in Top 10 | 99.7 M | 7.93 M | 4.77 B | 76.47% |
| Weighting of Top 10 | 49.88% | 9.2% | 76.7% | 38.24% |
Top 10 Holdings
- Shell PLC 8.00%
- ExxonMobil Holdings Corp 7.98%
- Chevron Corp 5.94%
- Glencore PLC 4.60%
- Nutrien Ltd 4.40%
- Anglo American PLC 4.18%
- Suncor Energy Inc 4.04%
- Wheaton Precious Metals Corp 3.79%
- Corteva Inc 3.69%
- Packaging Corp of America 3.27%
Asset Allocation
| Weighting | Return Low | Return High | MCGRX % Rank | |
|---|---|---|---|---|
| Stocks | 98.57% | 0.00% | 100.22% | 54.90% |
| Cash | 3.92% | 0.00% | 23.65% | 25.49% |
| Preferred Stocks | 0.00% | 0.00% | 5.75% | 59.80% |
| Other | 0.00% | -0.02% | 19.37% | 58.82% |
| Convertible Bonds | 0.00% | 0.00% | 0.43% | 57.84% |
| Bonds | 0.00% | 0.00% | 84.47% | 60.78% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MCGRX % Rank | |
|---|---|---|---|---|
| Basic Materials | 51.89% | 2.49% | 100.00% | 35.29% |
| Energy | 33.25% | 0.00% | 89.67% | 46.08% |
| Consumer Defense | 7.13% | 0.00% | 33.96% | 12.75% |
| Industrials | 6.63% | 0.00% | 63.67% | 38.24% |
| Consumer Cyclical | 1.09% | 0.00% | 43.37% | 42.16% |
| Utilities | 0.00% | 0.00% | 35.93% | 75.49% |
| Technology | 0.00% | 0.00% | 17.68% | 72.55% |
| Real Estate | 0.00% | 0.00% | 25.29% | 65.69% |
| Healthcare | 0.00% | 0.00% | 22.67% | 72.55% |
| Financial Services | 0.00% | 0.00% | 4.52% | 58.82% |
| Communication Services | 0.00% | 0.00% | 0.00% | 53.92% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MCGRX % Rank | |
|---|---|---|---|---|
| US | 63.24% | 0.00% | 99.97% | 60.78% |
| Non US | 35.33% | 0.00% | 87.99% | 39.22% |
MCGRX - Expenses
Operational Fees
| MCGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.89% | 0.08% | 2.99% | 8.82% |
| Management Fee | 0.60% | 0.03% | 1.00% | 35.29% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 93.02% |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| MCGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 1.00% | 72.73% |
Trading Fees
| MCGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MCGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 87.00% | 4.00% | 169.00% | 75.00% |
MCGRX - Distributions
Dividend Yield Analysis
| MCGRX | Category Low | Category High | MCGRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 12.19% | 9.80% |
Dividend Distribution Analysis
| MCGRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| MCGRX | Category Low | Category High | MCGRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.62% | -35.65% | 6.21% | 42.57% |
Capital Gain Distribution Analysis
| MCGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 22, 2026 | $0.792 | CapitalGainShortTerm |
| Jul 22, 2026 | $1.870 | CapitalGainLongTerm |
| Dec 09, 2025 | $1.171 | OrdinaryDividend |
| Dec 09, 2025 | $0.450 | OrdinaryDividend |
| Dec 09, 2025 | $0.573 | CapitalGainShortTerm |
| Dec 09, 2025 | $0.148 | CapitalGainLongTerm |
| Jul 17, 2025 | $0.089 | OrdinaryDividend |
| Jul 17, 2025 | $1.482 | CapitalGainLongTerm |
| Dec 10, 2024 | $1.376 | OrdinaryDividend |
| Dec 10, 2024 | $0.619 | OrdinaryDividend |
| Dec 10, 2024 | $0.757 | CapitalGainLongTerm |
| Jul 18, 2024 | $0.170 | OrdinaryDividend |
| Dec 08, 2023 | $0.676 | OrdinaryDividend |
| Jul 20, 2023 | $0.055 | OrdinaryDividend |
| Jul 20, 2023 | $0.391 | CapitalGainLongTerm |
| Dec 07, 2022 | $0.590 | OrdinaryDividend |
| Jul 14, 2022 | $2.847 | OrdinaryDividend |
| Dec 07, 2021 | $0.826 | OrdinaryDividend |
| Jul 15, 2021 | $0.235 | OrdinaryDividend |
| Dec 07, 2020 | $0.306 | OrdinaryDividend |
| Dec 05, 2019 | $0.512 | OrdinaryDividend |
| Nov 27, 2018 | $0.627 | CapitalGainShortTerm |
| Nov 27, 2018 | $3.136 | CapitalGainLongTerm |
| Nov 27, 2018 | $0.506 | OrdinaryDividend |
| Dec 04, 2017 | $0.335 | CapitalGainShortTerm |
| Dec 04, 2017 | $0.254 | CapitalGainLongTerm |
| Dec 04, 2017 | $0.610 | OrdinaryDividend |
| Jul 20, 2017 | $14.707 | CapitalGainLongTerm |
| Dec 06, 2016 | $0.022 | OrdinaryDividend |
| Dec 12, 2014 | $4.948 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.105 | OrdinaryDividend |
| Dec 11, 2013 | $0.439 | CapitalGainLongTerm |
| Dec 11, 2013 | $0.071 | OrdinaryDividend |
| Oct 23, 2008 | $0.789 | CapitalGainLongTerm |
| Dec 06, 2007 | $0.830 | CapitalGainLongTerm |
| Oct 23, 2007 | $1.840 | CapitalGainLongTerm |
| Dec 05, 2006 | $0.905 | CapitalGainLongTerm |
| Oct 11, 2006 | $1.778 | CapitalGainLongTerm |
MCGRX - Fund Manager Analysis
Managers
Thomas Holl
Start Date
Tenure
Tenure Rank
Mar 31, 2017
5.17
5.2%
Tom Holl, CFA, Director, is a member of the Natural Resources team within the Fundamental Equity division of BlackRock’s Active Equity Group. He is responsible for covering the mining and gold sectors. Mr. Holl moved to his current role in 2008. His service with the BlackRock dates back to 2006, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Holl was a member of the Global Equity team and the Real Estate team as a member of the graduate training program. Mr. Holl earned a BA degree, with honors, in Land Economy from Cambridge University in 2006.
Alastair Bishop
Start Date
Tenure
Tenure Rank
Mar 31, 2017
5.17
5.2%
Alastair Bishop, Managing Director, is a member of the Natural Resources team within Fundamental Equity division of BlackRock’s Active Equity Group. Mr. Bishop was a senior research analyst at Piper Jaffray, where he was responsible for covering the Clean Technology industry. Prior to joining Piper Jaffray in 2009, he covered the Renewable Energy and Industrial sectors for 8 years at Dresdner Kleinwort. Mr. Bishop began his career in 2001 at Dresdner Kleinwort Investment Bank. Mr. Bishop earned a BSc degree in economics from the University of Nottingham in 2001.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 24.18 | 7.69 | 0.54 |