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MADVX BlackRock Equity Dividend Instl

  • Fund
  • MADVX
  • Price as of: May 23, 2019
  • $20.69 - $0.21 - 1.01%
  • Category
  • Total Dividend

MADVX - Profile

Vitals

  • YTD Return 10.6%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -3.5%
  • Net Assets $19.7 B
  • Holdings in Top 10 29.6%

52 WEEK LOW AND HIGH

$20.69
$17.78
$24.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.00%

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 10.6%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 10.6% -4.5% 16.8% 37.19%
1 Yr -9.2% -45.8% 12.2% 68.44%
3 Yr -1.5%* -18.8% 11.6% 76.53%
5 Yr -3.5%* -11.4% 7.9% 75.17%
10 Yr 4.8%* -5.6% 11.2% 60.11%

* Annualized


Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.9% -51.6% 0.0% 73.57%
2017 1.0% -14.6% 32.9% 90.68%
2016 7.4% -13.3% 31.0% 45.45%
2015 -15.8% -27.5% 3.6% 87.66%
2014 2.5% -34.1% 14.2% 40.63%

Total Return Ranking - Trailing

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -4.5% 16.8% 37.19%
1 Yr 2.2% -29.1% 13.4% 33.75%
3 Yr 10.4%* -9.3% 15.3% 9.00%
5 Yr 4.9%* -8.7% 22.2% 45.30%
10 Yr 10.5%* -5.6% 18.4% 40.98%

* Annualized


Total Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.2% -32.1% 0.3% 26.43%
2017 16.8% -14.6% 37.7% 44.05%
2016 16.2% -12.1% 31.0% 10.39%
2015 -14.7% -21.8% 106.5% 89.61%
2014 9.2% -34.1% 20.9% 40.28%

NAV & Total Return History

MADVX - Holdings

Concentration Analysis

MADVX Category Low Category High MADVX % Rank
Net Assets 19.7 B 4.99 M 42.8 B 3.74%
Number of Holdings 103 8 1684 23.05%
Net Assets in Top 10 5.84 B 1.48 M 14 B 3.74%
Weighting of Top 10 29.62% 5.6% 99.7% 36.76%

Top 10 Holdings

  1. Verizon Communications Inc 4.18%

  2. JPMorgan Chase & Co 3.74%

  3. Citigroup Inc 3.41%

  4. Wells Fargo & Co 3.37%

  5. Bank of America Corporation 3.03%

  6. Oracle Corp 2.57%

  7. Microsoft Corp 2.57%

  8. BP PLC 2.47%

  9. Royal Philips NV 2.15%

  10. Pfizer Inc 2.14%


Asset Allocation

Weighting Return Low Return High MADVX % Rank
Stocks
93.23% 0.00% 112.06% 84.42%
Cash
6.77% -18.07% 25.16% 4.36%
Preferred Stocks
0.00% 0.00% 12.25% 54.21%
Other
0.00% -12.23% 8.80% 45.17%
Convertible Bonds
0.00% 0.00% 13.05% 52.02%
Bonds
0.00% 0.00% 99.69% 52.65%

Stock Sector Breakdown

Weighting Return Low Return High MADVX % Rank
Financial Services
26.43% 0.00% 30.97% 8.13%
Healthcare
15.01% 0.00% 21.14% 10.00%
Technology
12.57% 0.00% 28.61% 40.63%
Energy
10.52% 0.00% 19.74% 23.75%
Consumer Defense
9.80% 0.00% 27.68% 50.00%
Communication Services
6.15% 0.00% 20.26% 33.44%
Industrials
6.00% 0.00% 28.19% 84.69%
Utilities
2.59% 0.00% 40.81% 70.00%
Basic Materials
2.48% 0.00% 17.96% 53.44%
Consumer Cyclical
1.68% 0.00% 34.22% 93.75%
Real Estate
0.00% 0.00% 16.79% 83.75%

Stock Geographic Breakdown

Weighting Return Low Return High MADVX % Rank
US
75.85% 0.00% 110.84% 61.37%
Non US
17.38% 0.00% 101.08% 36.45%

MADVX - Expenses

Operational Fees

MADVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.08% 5.53% 90.00%
Management Fee 0.55% 0.07% 1.25% 17.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

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

Trading Fees

MADVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 36.00% 1.63% 307.00% 46.42%

MADVX - Distributions

Dividend Yield Analysis

MADVX Category Low Category High MADVX % Rank
Dividend Yield 0.01% 0.00% 0.11% 71.96%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

MADVX Category Low Category High MADVX % Rank
Net Income Ratio 1.86% -0.63% 5.00% 49.38%

Capital Gain Distribution Analysis

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

MADVX - Managers

Tony DeSpirito

Manager

Start Date

Tenure

Tenure Rank

Aug 04, 2014

4.74

4.7%

Mr. DeSpirito has been a Managing Director of BlackRock, Inc. since 2014. 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

Tenure

Tenure Rank

Aug 31, 2017

1.66

1.7%

Franco F. Tapia is a Managing Director of BlackRock, Inc. since 2016. Prior to that, Mr. Tapia is a Senior Equity Research Analyst and Portfolio Manager at Pzena Investment Management from 2006 to 2016. 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

Tenure

Tenure Rank

Aug 31, 2017

1.66

1.7%

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

25.77

Category Average

6.56

Category Mode

1.15