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MDDVX BlackRock Equity Dividend Inv A

  • Fund
  • MDDVX
  • Price as of: Nov 17, 2017
  • $22.87
  • - $0.02
  • - 0.09%
  • Category
  • Total Dividend

MDDVX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return 10.0%
  • 5 Yr Annualized Return 11.7%
  • Net Assets $21.3 B
  • Holdings in Top 10 29.2%

52 WEEK LOW AND HIGH

$22.87
$21.68
$24.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 29.00%

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 1.6%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return 10.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.66%
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 Tony DeSpirito

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 1.6% -25.9% 34.4% 83.10% 5
1 Yr 20.2% -17.5% 27.3% 21.41% 2
3 Yr 10.0% * -8.3% 14.8% 8.06% 1
5 Yr 11.7% * -6.4% 15.3% 36.66% 2
10 Yr 6.5% * -5.6% 9.6% 31.87% 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% -27.5% 7.7% 79.28% 5
2014 2.6% -19.0% 24.0% 34.77% 2
2013 22.1% -9.2% 33.4% 34.77% 2
2012 9.6% -13.5% 22.8% 42.21% 3

Total Return Ranking - Trailing

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.6% -25.9% 34.4% 82.82% 5
1 Yr 13.9% -21.5% 50.7% 51.29% 3
3 Yr 8.0% * -9.4% 14.8% 29.47% 2
5 Yr 10.5% * -6.8% 15.3% 50.15% 3
10 Yr 5.9% * -5.6% 9.6% 41.04% 3

* 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: Sep 30, 2017

Concentration Analysis

MDDVX Category Low Category High MDDVX % Rank Quintile
Net Assets 21.3 B 657 K 32.2 B 1.63% 1
Number of Holdings 91 1 1860 8.86% 2
Net Assets in Top 10 6.22 B -663 K 9.76 B 1.63% 1
Weighting of Top 10 29.2% 0.0% 101.6% 17.72% 3

Top 10 Holdings

  1. Wells Fargo & Co 2.64%
  2. JPMorgan Chase & Co 4.04%
  3. Pfizer Inc 3.54%
  4. Bank of America Corporation 3.61%
  5. Citigroup Inc 3.74%
  6. Oracle Corp 2.92%
  7. DowDuPont Inc 2.42%
  8. Anthem Inc 2.26%
  9. Aetna Inc 2.07%
  10. Suncor Energy Inc 1.99%

Asset Allocation

Weighting Category Low Category High MDDVX % Rank Quintile
Stocks
94.97% 0.00% 214.87% 24.94% 4
Cash
5.03% -3.31% 100.00% 7.46% 1
Preferred Stocks
0.00% 0.00% 10.92% 7.69% 3
Other
0.00% -123.33% 11.74% 14.92% 3
Convertible Bonds
0.00% 0.00% 17.49% 3.26% 3
Bonds
0.00% 0.00% 61.55% 6.99% 3

Stock Sector Breakdown

Weighting Category Low Category High MDDVX % Rank Quintile
Financial Services
26.53% 0.00% 36.46% 2.56% 1
Healthcare
16.03% 0.00% 26.95% 5.59% 1
Industrials
11.23% 0.00% 34.94% 19.11% 3
Energy
11.13% 0.00% 31.60% 7.93% 1
Technology
9.70% 0.00% 39.70% 24.48% 4
Consumer Defense
6.36% 0.00% 39.93% 26.81% 4
Utilities
5.00% 0.00% 40.82% 13.52% 2
Communication Services
3.71% 0.00% 39.83% 24.01% 4
Basic Materials
3.19% 0.00% 12.90% 18.18% 3
Consumer Cyclical
2.09% 0.00% 35.31% 36.13% 5
Real Estate
0.00% 0.00% 22.16% 24.24% 4

Stock Geographic Breakdown

Weighting Category Low Category High MDDVX % Rank Quintile
US
78.12% -1.17% 200.20% 22.14% 3
Non US
16.85% 0.00% 100.38% 14.22% 2

MDDVX - Expenses

Operational Fees

MDDVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.97% 0.08% 42.29% 37.06% 2
Management Fee 0.55% 0.07% 1.25% 7.93% 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 29.00% 1.74% 504.01% 15.85% 2

MDDVX - Distributions

Dividend Yield Analysis

MDDVX Category Low Category High MDDVX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.15% 20.10% 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 1.66% -0.74% 6.13% 36.36% 4

Capital Gain Distribution Analysis

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

MDDVX - Managers

Tony DeSpirito

Manager

Start Date

Aug 04, 2014

Tenure

3.16

Tenure Rank

18.6%

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. "


Franco Tapia

Manager

Start Date

Aug 31, 2017

Tenure

0.08

Tenure Rank

24.6%

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

0.08

Tenure Rank

24.6%

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

0.0

Category High

27.7

Category Average

5.65

Category Mode

0.7