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MDDVX BlackRock Equity Dividend Inv A

  • Fund
  • MDDVX
  • Price as of: Aug 08, 2016
  • $22.37
  • - $0.02
  • - 0.09%
  • Category
  • Total Dividend

MDDVX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 8.1%
  • 5 Yr Annualized Return 10.4%
  • Net Assets $21.6 B
  • Holdings in Top 10 26.3%

52 WEEK LOW AND HIGH

$22.37
$18.83
$25.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

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 6.8%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
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 David J. Cassese

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 6.8% -24.4% 25.0% 44.44% 3
1 Yr 6.1% -18.5% 18.1% 34.03% 2
3 Yr 8.1% * -8.3% 12.3% 38.83% 2
5 Yr 10.4% * -6.4% 15.4% 43.04% 3
10 Yr 7.0% * -4.0% 10.5% 38.55% 2

* Annualized


Return Ranking - Calendar

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.9% -27.5% 3.6% 78.95% 5
2014 N/A 8.1% 8.1% N/A N/A
2013 N/A 28.4% 28.4% N/A N/A
2012 N/A 7.9% 7.9% N/A N/A
2011 N/A 7.2% 7.2% N/A N/A

Total Return Ranking - Trailing

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -24.4% 25.0% 44.63% 3
1 Yr 0.5% -21.6% 18.1% 55.94% 3
3 Yr 6.2% * -9.4% 12.3% 55.05% 3
5 Yr 9.2% * -6.8% 15.4% 53.07% 3
10 Yr 6.4% * -4.0% 10.5% 49.40% 3

* Annualized


Total Return Ranking - Calendar

Period MDDVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.9% -27.5% 3.6% 78.84% 5
2014 N/A 9.4% 9.4% N/A N/A
2013 N/A 32.8% 32.8% N/A N/A
2012 N/A 11.1% 11.1% N/A N/A
2011 N/A 10.4% 10.4% N/A N/A

NAV & Total Return History

MDDVX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MDDVX Category Low Category High MDDVX % Rank Quintile
Net Assets 21.6 B 333 K 31.5 B 0.70% 1
Number of Holdings 89 6 1781 7.93% 2
Net Assets in Top 10 5.62 B -663 K 8.19 B 1.17% 1
Weighting of Top 10 26.3% 5.3% 88.0% 19.58% 3

Top 10 Holdings

  1. Wells Fargo & Co 2.90%
  2. JPMorgan Chase & Co 3.20%
  3. General Electric Co 3.23%
  4. Pfizer Inc 3.62%
  5. Exxon Mobil Corp 2.39%
  6. Intel Corp 2.39%
  7. Bank of America Corporation 2.12%
  8. Dollar General Corp 2.28%
  9. Occidental Petroleum Corp 2.10%
  10. Merck & Co Inc 2.05%

Asset Allocation

Weighting Category Low Category High MDDVX % Rank Quintile
Stocks
95.34% 21.35% 100.28% 18.18% 4
Cash
3.65% -0.27% 50.52% 10.72% 2
Other
1.01% -6.84% 11.74% 6.53% 2
Convertible Bonds
0.00% 0.00% 8.06% 2.80% 3
Preferred Stocks
0.00% 0.00% 26.41% 4.66% 3
Bonds
0.00% 0.00% 70.27% 5.13% 3

Stock Sector Breakdown

Weighting Category Low Category High MDDVX % Rank Quintile
Financial Services
21.27% 0.00% 29.08% 4.66% 1
Healthcare
14.58% 0.00% 21.83% 7.93% 2
Industrials
11.94% 0.00% 30.17% 14.92% 3
Energy
10.17% 0.00% 31.60% 8.39% 2
Consumer Defense
9.78% 0.00% 27.69% 16.55% 3
Technology
9.53% 0.00% 27.82% 18.18% 3
Utilities
5.51% 0.00% 38.60% 11.19% 2
Communication Services
4.01% 0.00% 39.83% 19.58% 4
Consumer Cyclical
3.78% 0.00% 36.79% 27.27% 5
Basic Materials
3.20% 0.00% 11.25% 15.38% 3
Real Estate
0.00% 0.00% 20.11% 19.11% 4

Stock Geographic Breakdown

Weighting Category Low Category High MDDVX % Rank Quintile
US
89.34% 0.00% 99.70% 13.75% 2
Non US
6.00% 0.00% 99.57% 17.72% 3

MDDVX - Expenses

Operational Fees

MDDVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.97% 0.09% 51.52% 36.13% 2
Management Fee 0.54% 0.08% 1.25% 7.46% 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% 3.49% 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% 5.00% 398.80% 18.65% 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 1.61% -1.26% 6.28% 38.69% 4

Capital Gain Distribution Analysis

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

MDDVX - Managers

David J. Cassese

Manager

Start Date

Aug 09, 2011

Tenure

4.98

Tenure Rank

8.4%

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

14.76

Tenure Rank

1.6%

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

1.99

Tenure Rank

14.4%

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. "


Tenure Analysis

Category Low

0.1

Category High

29.6

Category Average

5.44

Category Mode

1.6