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MADVX BlackRock Equity Dividend Instl

  • Fund
  • MADVX
  • Price as of: Dec 02, 2016
  • $23.54
  • - $0.04
  • - 0.17%
  • Category
  • Total Dividend

MADVX - Profile

Vitals

  • YTD Return 12.1%
  • 3 Yr Annualized Return 7.0%
  • 5 Yr Annualized Return 10.7%
  • Net Assets $20.4 B
  • Holdings in Top 10 25.9%

52 WEEK LOW AND HIGH

$23.54
$18.87
$24.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.00%

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 13.8%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 10.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.00%
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 David J. Cassese

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 12.1% -24.4% 33.9% 12.21% 1
1 Yr 5.6% -17.5% 19.1% 31.76% 2
3 Yr 7.0% * -8.4% 10.8% 22.37% 2
5 Yr 10.7% * -6.4% 14.7% 38.91% 2
10 Yr 6.7% * -4.4% 9.9% 20.48% 2

* Annualized


Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.8% -27.5% 3.6% 76.51% 5
2014 2.5% -19.0% 14.2% 34.50% 2
2013 22.1% -9.2% 33.4% 34.46% 2
2012 9.6% -5.5% 22.8% 42.47% 3
2011 3.6% -24.9% 13.3% 16.92% 1

Total Return Ranking - Trailing

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.8% -24.4% 33.9% 12.24% 1
1 Yr 5.6% -21.5% 50.7% 25.88% 2
3 Yr 7.0% * -9.6% 14.1% 18.68% 1
5 Yr 10.7% * -6.8% 14.7% 34.73% 2
10 Yr 6.7% * -4.4% 9.9% 18.47% 1

* Annualized


Total Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.9% -27.5% 106.1% 89.27% 5
2014 10.0% -12.9% 31.0% 50.54% 3
2013 28.3% -2.2% 205.2% 57.41% 3
2012 14.7% 0.0% 546.4% 66.67% 4
2011 7.4% -24.1% 1034.0% 26.64% 2

NAV & Total Return History

MADVX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

MADVX Category Low Category High MADVX % Rank Quintile
Net Assets 20.4 B 332 K 30.1 B 0.93% 1
Number of Holdings 92 1 1875 8.16% 2
Net Assets in Top 10 5.3 B -663 K 9.22 B 1.40% 1
Weighting of Top 10 25.9% 0.0% 88.0% 20.51% 3

Top 10 Holdings

  1. Wells Fargo & Co 2.61%
  2. JPMorgan Chase & Co 3.33%
  3. General Electric Co 2.94%
  4. Pfizer Inc 3.27%
  5. Bank of America Corporation 3.20%
  6. Occidental Petroleum Corp 2.00%
  7. Merck & Co Inc 2.16%
  8. Citigroup Inc 2.35%
  9. Microsoft Corp 2.27%
  10. SunTrust Banks Inc 1.81%

Asset Allocation

Weighting Category Low Category High MADVX % Rank Quintile
Stocks
95.95% 0.00% 101.13% 15.15% 3
Cash
4.05% -1.67% 100.00% 10.02% 2
Other
0.00% -7.41% 11.74% 13.05% 4
Convertible Bonds
0.00% 0.00% 8.06% 3.03% 3
Preferred Stocks
0.00% 0.00% 26.61% 4.66% 3
Bonds
0.00% 0.00% 71.92% 5.83% 3

Stock Sector Breakdown

Weighting Category Low Category High MADVX % Rank Quintile
Financial Services
24.82% 0.00% 29.08% 2.56% 1
Healthcare
14.09% 0.00% 21.78% 8.39% 2
Industrials
11.86% 0.00% 30.17% 15.85% 3
Energy
11.74% 0.00% 31.60% 5.83% 1
Technology
9.07% 0.00% 27.82% 20.75% 4
Consumer Defense
8.71% 0.00% 28.68% 17.25% 3
Utilities
5.15% 0.00% 36.27% 10.02% 2
Communication Services
3.94% 0.00% 39.83% 20.51% 4
Basic Materials
3.35% 0.00% 11.11% 13.99% 3
Consumer Cyclical
3.22% 0.00% 39.52% 29.60% 5
Real Estate
0.00% 0.00% 34.44% 20.28% 4

Stock Geographic Breakdown

Weighting Category Low Category High MADVX % Rank Quintile
US
86.65% -0.65% 99.89% 15.62% 3
Non US
9.30% 0.00% 100.65% 13.99% 3

MADVX - Expenses

Operational Fees

MADVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.71% 0.09% 42.68% 41.26% 1
Management Fee 0.55% 0.08% 1.25% 7.46% 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 25.00% 5.00% 398.80% 18.41% 2

MADVX - Distributions

Dividend Yield Analysis

MADVX Category Low Category High MADVX % Rank Quintile
Dividend Yield 0.5% 0.00% 2.15% 14.63% 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 2.00% -1.26% 6.28% 29.37% 3

Capital Gain Distribution Analysis

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

MADVX - Managers

David J. Cassese

Manager

Start Date

Aug 09, 2011

Tenure

5.23

Tenure Rank

8.7%

David Cassese, CFA, Director, is an Associate Portfolio Manager on BlackRock’s Equity Dividend/Natural Resources team, focusing on the Consumer, Healthcare and Information Technology sectors. Prior to joining BlackRock, David was a portfolio manager with Oppenheimer Capital, a subsidiary of Allianz Global Investors Capital, where he managed the firm's Paired Alpha Fund, a fundamentally based market neutral generalist fund. He was also a consumer sector analyst for a number of other diversified funds at Oppenheimer. Previously, David was a research analyst for SAC Capital. David began his investment career as a research analyst for T.Rowe Price 1998. David earned a BA degree in Economics from Duke University in 1998.


Robert M. Shearer

Manager

Start Date

Nov 01, 2001

Tenure

15.01

Tenure Rank

1.5%

Shearer has been a Managing Director of and Portfolio Manager with BlackRock, Inc. since 2006. Prior to joining BlackRock, he was a Managing Director of Merrill Lynch Investment Managers, L.P. (“MLIM”) from 2000 to 2006 and was First Vice President of MLIM from 1998 to 2000. He has been a Portfolio Manager since 1997. Prior to joining MLIM, Mr. Shearer was a Vice President with David L. Babson & Company, Inc., at Concert Capital Management, Inc. as a Vice President and Sector Manager and at Fiduciary Trust Company International as a Vice President. Shearer holds the Chartered Financial Analyst designation.


Tony DeSpirito

Manager

Start Date

Aug 04, 2014

Tenure

2.24

Tenure Rank

15.6%

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. "


Tenure Analysis

Category Low

0.0

Category High

29.8

Category Average

5.51

Category Mode

4.8