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MADVX BlackRock Equity Dividend Instl

  • Fund
  • MADVX
  • Price as of: Dec 15, 2017
  • $22.69
  • + $0.12
  • + 0.53%
  • Category
  • Total Dividend

MADVX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 10.6%
  • 5 Yr Annualized Return 13.1%
  • Net Assets $21.8 B
  • Holdings in Top 10 29.8%

52 WEEK LOW AND HIGH

$22.69
$21.74
$24.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

$2,000,000

Investment Themes

CATEGORY

Total Dividend
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 10.6%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name BlackRock Equity Dividend Fund
  • Fund Family Name BlackRock
  • Inception Date Nov 29, 1988
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Tony DeSpirito

Fund Description

The BlackRock Equity Dividend Fund Institutional Shares (MADVX) is an actively managed mutual fund that focuses on high total returns, with income as a key factor in those returns. The fund focuses its attention on U.S. dividend-paying equities. MADVX uses fundamental analysis to find firms with a history of (or potential for) significant dividend growth over the longer term. A preference for large-cap multinational companies is also a mandate.

Given its low costs and focus on equity income, MADVX makes an ideal subcore position in a broader equity portfolio. The fund is internally managed by BlackRock.

MADVX - Performance

Return Ranking - Trailing

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.6% -25.9% 31.1% 83.33% 5
1 Yr 18.4% -17.5% 35.0% 38.12% 2
3 Yr 10.6% * -8.3% 15.6% 5.79% 1
5 Yr 13.1% * -6.4% 16.3% 23.46% 2
10 Yr 7.3% * -5.1% 10.8% 29.48% 2

* Annualized


Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.4% -27.5% 31.0% 36.08% 2
2015 -15.8% -27.5% 7.7% 79.03% 5
2014 2.5% -19.0% 24.0% 35.04% 2
2013 22.1% -9.2% 33.4% 34.15% 2
2012 9.6% -13.5% 22.8% 42.91% 3

Total Return Ranking - Trailing

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.6% -25.9% 31.1% 83.06% 5
1 Yr 18.4% -21.5% 50.7% 28.94% 2
3 Yr 10.6% * -9.4% 15.6% 5.54% 1
5 Yr 13.1% * -6.8% 16.3% 20.53% 2
10 Yr 7.3% * -5.1% 10.8% 28.29% 2

* Annualized


Total Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.0% -27.5% 31.0% 38.54% 2
2015 -14.9% -21.6% 106.1% 92.56% 5
2014 10.0% -12.9% 41.2% 51.35% 3
2013 28.3% -2.2% 205.2% 56.79% 3
2012 14.7% -14.6% 546.4% 67.01% 4

NAV & Total Return History

MADVX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

MADVX Category Low Category High MADVX % Rank Quintile
Net Assets 21.8 B 657 K 32.2 B 1.17% 1
Number of Holdings 93 1 1860 7.46% 2
Net Assets in Top 10 6.38 B -663 K 10.3 B 1.17% 1
Weighting of Top 10 29.8% 0.0% 101.6% 13.99% 3

Top 10 Holdings

  1. Wells Fargo & Co 2.89%
  2. JPMorgan Chase & Co 3.93%
  3. Pfizer Inc 3.67%
  4. Bank of America Corporation 3.84%
  5. Citigroup Inc 3.71%
  6. Oracle Corp 3.02%
  7. DowDuPont Inc 2.28%
  8. Anthem Inc 2.45%
  9. Aetna Inc 1.92%
  10. Microsoft Corp 2.12%

Asset Allocation

Weighting Category Low Category High MADVX % Rank Quintile
Stocks
95.30% 0.00% 214.87% 21.91% 4
Cash
4.69% -11.85% 100.00% 6.53% 1
Preferred Stocks
0.00% 0.00% 10.92% 6.76% 3
Other
0.00% -123.33% 11.74% 11.66% 3
Convertible Bonds
0.00% 0.00% 16.87% 3.50% 3
Bonds
0.00% 0.00% 61.55% 6.06% 3

Stock Sector Breakdown

Weighting Category Low Category High MADVX % Rank Quintile
Financial Services
26.98% 0.00% 37.06% 2.56% 1
Healthcare
16.79% 0.00% 26.95% 3.26% 1
Energy
10.95% 0.00% 31.60% 7.23% 2
Technology
10.26% 0.00% 39.70% 21.45% 4
Industrials
9.82% 0.00% 34.94% 20.98% 4
Consumer Defense
6.17% 0.00% 39.93% 24.48% 4
Utilities
5.46% 0.00% 42.32% 10.49% 2
Communication Services
3.73% 0.00% 39.83% 20.51% 4
Basic Materials
3.10% 0.00% 12.90% 16.32% 3
Consumer Cyclical
2.04% 0.00% 33.15% 32.17% 5
Real Estate
0.00% 0.00% 20.34% 21.45% 4

Stock Geographic Breakdown

Weighting Category Low Category High MADVX % Rank Quintile
US
77.34% -1.17% 200.20% 19.58% 3
Non US
17.96% 0.00% 100.38% 12.35% 2

MADVX - Expenses

Operational Fees

MADVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.72% 0.08% 42.29% 41.96% 1
Management Fee 0.55% 0.07% 1.25% 7.93% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.85% N/A N/A

Sales Fees

MADVX Fees (% of AUM) Category Low Category High MADVX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

MADVX Fees (% of AUM) Category Low Category High MADVX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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.

MADVX Fees (% of AUM) Category Low Category High MADVX Rank Quintile
Turnover 29.00% 3.09% 504.01% 15.85% 2

MADVX - Distributions

Dividend Yield Analysis

MADVX Category Low Category High MADVX % Rank Quintile
Dividend Yield 0.5% 0.00% 2.15% 14.53% 1

Dividend Distribution Analysis

MADVX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MADVX Category Low Category High MADVX % Rank Quintile
Net Income Ratio 1.89% -0.74% 6.13% 33.10% 3

Capital Gain Distribution Analysis

MADVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MADVX - Managers

Tony DeSpirito

Manager

Start Date

Aug 04, 2014

Tenure

3.33

Tenure Rank

15.4%

Tony DeSpirito is co-manager of the BlackRock North American Income Trust plc. He is a member of the Fundamental Equity division of BlackRock’s Alpha Strategies Group and co-portfolio manager for the US based Equity Dividend Fund and related strategies. Prior to joining BlackRock in August 2014, for the last 18 years Tony had been with Pzena Investment Management where he was Managing Principal, Portfolio Manager and a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 1996, Mr. DeSpirito was an Associate in the Corporate Department at the Boston based law firm of Ropes & Gray LLP. At Ropes & Gray, he advised clients in the direct television, financial services, fitness, packaging films, retail, software, and wire and cable industries. Mr. DeSpirito earned a B.S. summa cum laude from the Wharton School of the University of Pennsylvania in 1990 and a J.D. magna cum laude from Harvard Law School in 1993. "


Franco Tapia

Manager

Start Date

Aug 31, 2017

Tenure

0.25

Tenure Rank

20.0%

Franco F. Tapia, CFA, Principal and Portfolio Manager. Mr. Tapia is a co-portfolio manager for U.S. Best Ideas. Prior to joining Pzena Investment Management, he worked for Morgan Stanley in private client services managing assets for individuals and small institutions. Mr. Tapia has also worked as a strategy consultant for IBM/Mainspring. He earned a B.A. in Economics with honors from Harvard University, and an M.B.A. from the Wharton School of the University of Pennsylvania where he was named a Palmer Scholar. Mr. Tapia holds the Chartered Financial Analyst designation.


David Zhao

Manager

Start Date

Aug 31, 2017

Tenure

0.25

Tenure Rank

20.0%

Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio including setting the Fund’s overall investment strategy and overseeing the management of the Fund


Tenure Analysis

Category Low

0.1

Category High

27.8

Category Average

5.7

Category Mode

0.7