Fund Facts  

Inception Date: Sep 15, 1993
CUSIP: 091928200
Ticker Symbol: PCGEX
Morningstar Category:Small Growth
As of Mar 31, 2017
Fund Net Assets ($millions) $730

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital growth.

Principal Investment Strategies  

The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small cap companies and at least 80% of its net assets (plus any borrowings for investment purposes) in securities or instruments of issuers located in the United States. The advisor defines these companies as those with market capitalizations, at the time of the fund's investment, comparable in size to the companies in the Russell 2000® Index. From time to time it may invest in shares of companies through "new issues" or initial public offerings ("IPOs").

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
BlackRock Adv Small Cap Growtha4.37%4.37%23.56%5.11%9.92%7.33%9.15%
Russell 2000 Growth Indexa,b5.35%5.35%23.03%6.72%12.10%8.06%N/A
Morningstar Small Growtha,c5.56%5.56%22.41%5.34%10.73%7.31%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa1.03%
Fee waiver and/or expense reimbursement0.28%
Total Expenses0.75%

A contractual expense waiver exists for this fund and will expire on 01-31-2018.

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 2000® Growth Index measures the performance of those Russell 2000® companies with higher price-to-book ratios and higher forecasted growth values.

c. The Fund′s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 11, 2015Dec 11, 2015$0.975534000
Dec 12, 2014Dec 12, 2014$4.904731000
Dec 13, 2013Dec 13, 2013$10.044363000
Dec 6, 2012Dec 6, 2012$2.628246000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2017
Period Stars Category Size
Overall 3 Stars599
3-Year 3 Stars599
5-Year 2 Stars527
10-Year 3 Stars386

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2017
Equity Stylebox
Small Growth
Allocation of Assets As of Feb 28, 2017
Type of Asset Percent
Equity98%
Fixed Income0%
Cash/Other2%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 28, 2017
Asset ClassPercent
Domestic Stock97.3%
Foreign Stock0.9%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.1%
Other0.8%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Feb 28, 2017
SectorPercent
Technology22.3%
Healthcare19.7%
Industrials16.2%
Consumer Cyclical11.5%
Basic Materials8.5%
Financial Services6.5%
Real Estate5.3%
Consumer Defensive4.6%
Energy1.8%
Utilities1.0%
Communication Services0.9%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Feb 28, 2017
Holding NamePercent
Masimo Corp2.2%
Prestige Brands Holdings Inc2.1%
PS Business Parks Inc1.9%
Cantel Medical Corp1.9%
Synnex Corp1.7%
Sanmina Corp1.6%
Apogee Enterprises Inc1.6%
Insperity Inc1.5%
Universal Forest Products Inc1.5%
PolyOne Corp1.5%
 

Statistics

Portfolio Statistics As of Mar 31, 2017
Statistic3-Year5-Year
Beta0.921.00
Alpha-1.11-1.91
Standard Deviation15.6615.96
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

2.

Effective February 15, 2017, the BlackRock Small Cap Growth Equity Portfolio is now known as the BlackRock Advantage Small Cap Growth Fund.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.