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Beginner's Guide to Preferred Stock Mutual Funds

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MDDVX BlackRock Equity Dividend Inv A

  • Fund
  • MDDVX
  • Price as of: Apr 24, 2017
  • $23.18
  • + $0.32
  • + 1.40%
  • Category
  • Total Dividend

MDDVX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 10.9%
  • Net Assets $21.5 B
  • Holdings in Top 10 28.7%

52 WEEK LOW AND HIGH

$23.18
$20.78
$23.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 9.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.76%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name BlackRock Equity Dividend Fund
  • Fund Family Name BlackRock
  • Inception Date Oct 21, 1994
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Robert M. Shearer

Fund Description

The BlackRock Equity Dividend Fund Investor A Shares (MDDVX) 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. MDDVX uses fundamental analysis to find companies that have a history or the potential for significant dividend growth over the longer term. The fund prefers large-cap multinational companies.

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

MDDVX - Performance

Return Ranking - Trailing

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -24.4% 11.8% 70.42% 4
1 Yr 19.0% -17.5% 28.2% 6.12% 1
3 Yr 8.7% * -8.8% 11.1% 17.69% 1
5 Yr 10.9% * -6.4% 14.1% 35.28% 2
10 Yr 6.9% * -11.8% 8.0% 24.90% 2

* Annualized


Return Ranking - Calendar

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.4% -27.5% 31.0% 35.84% 2
2015 -15.9% -24.5% 7.7% 79.54% 5
2014 2.6% -19.0% 24.0% 35.04% 2
2013 22.1% -9.2% 33.4% 34.46% 2
2012 9.6% -13.5% 22.8% 42.01% 3

Total Return Ranking - Trailing

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -24.4% 11.8% 70.12% 4
1 Yr 12.7% -21.5% 50.7% 37.88% 2
3 Yr 6.8% * -9.4% 40.5% 40.26% 3
5 Yr 9.7% * -6.8% 61.9% 48.16% 3
10 Yr 6.3% * -5.8% 13.4% 36.95% 2

* Annualized


Total Return Ranking - Calendar

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 8.9% -27.5% 31.0% 40.24% 3
2015 -15.1% -21.6% 106.1% 93.59% 5
2014 9.6% -12.9% 41.2% 54.32% 3
2013 27.7% -2.2% 205.2% 59.26% 3
2012 14.2% -14.6% 546.4% 70.49% 4

NAV & Total Return History

MDDVX - Holdings

Filings data as of: Feb 28, 2017

Concentration Analysis

MDDVX Category Low Category High MDDVX % Rank Quintile
Net Assets 21.5 B 506 K 31.3 B 1.17% 1
Number of Holdings 96 1 1868 7.93% 2
Net Assets in Top 10 6.25 B -663 K 9.11 B 1.17% 1
Weighting of Top 10 28.7% 0.0% 88.0% 15.62% 3

Top 10 Holdings

  1. Wells Fargo & Co 2.89%
  2. JPMorgan Chase & Co 4.26%
  3. General Electric Co 2.38%
  4. Pfizer Inc 3.45%
  5. Bank of America Corporation 4.12%
  6. Merck & Co Inc 2.13%
  7. Citigroup Inc 2.91%
  8. Microsoft Corp 2.14%
  9. Oracle Corp 2.32%
  10. Dow Chemical Co 2.13%

Asset Allocation

Weighting Category Low Category High MDDVX % Rank Quintile
Stocks
95.85% 0.00% 101.07% 18.88% 4
Cash
4.15% -6.97% 100.00% 8.62% 2
Preferred Stocks
0.00% 0.00% 17.54% 5.59% 3
Other
0.00% -1.93% 11.74% 11.19% 3
Convertible Bonds
0.00% 0.00% 9.86% 3.03% 3
Bonds
0.00% 0.00% 65.26% 5.59% 3

Stock Sector Breakdown

Weighting Category Low Category High MDDVX % Rank Quintile
Financial Services
27.48% 0.00% 31.81% 2.56% 1
Healthcare
14.39% 0.00% 21.49% 6.06% 2
Industrials
10.89% 0.56% 30.17% 16.32% 3
Energy
10.63% 0.00% 31.60% 7.93% 2
Technology
9.67% 0.00% 27.82% 21.21% 4
Consumer Defense
7.58% 0.00% 28.09% 20.28% 4
Utilities
4.79% 0.00% 42.73% 10.49% 2
Communication Services
3.84% 0.00% 39.83% 19.81% 4
Basic Materials
3.37% 0.00% 11.39% 15.38% 3
Consumer Cyclical
3.21% 0.00% 34.85% 30.54% 5
Real Estate
0.00% 0.00% 46.75% 20.05% 4

Stock Geographic Breakdown

Weighting Category Low Category High MDDVX % Rank Quintile
US
83.45% -0.87% 101.07% 17.72% 3
Non US
12.40% 0.00% 100.75% 11.89% 2

MDDVX - Expenses

Operational Fees

MDDVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.96% 0.09% 42.68% 37.76% 2
Management Fee 0.55% 0.08% 1.25% 7.69% 1
12b-1 Fee 0.25% 0.00% 1.00% 3.30% 2
Administrative Fee N/A 0.00% 0.85% N/A N/A

Sales Fees

MDDVX Fees (% of AUM) Category Low Category High MDDVX Rank Quintile
Front Load 5.25% 0.00% 5.75% 3.37% 2
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

MDDVX Fees (% of AUM) Category Low Category High MDDVX 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.

MDDVX Fees (% of AUM) Category Low Category High MDDVX Rank Quintile
Turnover 25.00% 1.74% 504.01% 17.95% 2

MDDVX - Distributions

Dividend Yield Analysis

MDDVX Category Low Category High MDDVX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.15% 20.49% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MDDVX Category Low Category High MDDVX % Rank Quintile
Net Income Ratio 1.76% -1.26% 6.13% 34.97% 3

Capital Gain Distribution Analysis

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

MDDVX - Managers

Robert M. Shearer

Manager

Start Date

Nov 01, 2001

Tenure

15.42

Tenure Rank

1.4%

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

2.66

Tenure Rank

15.3%

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

30.2

Category Average

5.73

Category Mode

2.3