MADVX: BlackRock Equity Dividend Instl

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MADVX BlackRock Equity Dividend Instl

  • Fund
  • MADVX
  • Price as of: Dec 02, 2019
  • $20.19
    - $0.12 - 0.59%

Profile

MADVX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return -3.5%
  • Net Assets $19.7 B
  • Holdings in Top 10 27.8%

52 WEEK LOW AND HIGH

$20.19
$17.78
$21.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

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

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA $2,000,000

Fund Classification


Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.01%
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.


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Categories

Fund Company Quick Screens

MADVX - Fund Company Quick Screens


Performance

MADVX - Performance

Return Ranking - Trailing

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -1.2% 20.4% 88.89%
1 Yr 3.3% -9.7% 13.5% 70.37%
3 Yr -4.0%* -4.5% 11.4% 90.00%
5 Yr -3.5%* -5.3% 9.5% 75.00%
10 Yr 2.5%* 2.2% 11.3% 86.67%

* Annualized

Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.9% -28.4% -9.9% 73.08%
2017 1.0% -38.9% 20.7% 61.90%
2016 7.4% -1.5% 10.3% 52.63%
2015 -15.8% -23.7% -2.2% 68.42%
2014 2.5% -6.8% 6.7% 33.33%

Total Return Ranking - Trailing

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -1.2% 20.4% 88.89%
1 Yr 3.3% -9.7% 13.7% 66.67%
3 Yr 5.0%* -2.1% 11.4% 70.00%
5 Yr 3.7%* -5.3% 9.5% 65.00%
10 Yr 7.9%* 6.4% 11.3% 46.67%

* Annualized

Total Return Ranking - Calendar

Period MADVX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.2% -28.4% -6.2% 23.08%
2017 16.8% 6.8% 24.1% 28.57%
2016 16.2% -0.5% 16.2% 5.26%
2015 -14.7% -23.7% 0.8% 57.89%
2014 9.2% 2.0% 12.7% 27.78%

NAV & Total Return History


Holdings

MADVX - Holdings

Concentration Analysis

MADVX Category Low Category High MADVX % Rank
Net Assets 19.7 B 831 K 19.7 B 3.45%
Number of Holdings 111 15 111 3.45%
Net Assets in Top 10 5.37 B 464 K 5.37 B 3.45%
Weighting of Top 10 27.83% 23.7% 56.8% 55.17%

Top 10 Holdings

  1. Verizon Communications Inc 4.12%
  2. JPMorgan Chase & Co 3.85%
  3. Wells Fargo & Co 3.60%
  4. Citigroup Inc 3.29%
  5. Bank of America Corp 2.81%
  6. Medtronic PLC 2.49%
  7. BP PLC 2.05%
  8. Royal Philips NV 1.95%
  9. Comcast Corp Class A 1.84%
  10. Anthem Inc 1.83%

Asset Allocation

Weighting Return Low Return High MADVX % Rank
Stocks
91.93% 61.28% 97.19% 65.52%
Cash
8.07% 1.09% 38.71% 17.24%
Preferred Stocks
0.00% 0.00% 0.63% 24.14%
Other
0.00% 0.00% 2.90% 34.48%
Convertible Bonds
0.00% 0.00% 0.00% 20.69%
Bonds
0.00% 0.00% 2.24% 44.83%

Stock Sector Breakdown

Weighting Return Low Return High MADVX % Rank
Financial Services
25.00% 0.00% 25.00% 3.45%
Healthcare
16.80% 4.24% 21.37% 10.34%
Technology
10.30% 5.37% 32.49% 34.48%
Energy
9.25% 0.00% 13.12% 48.28%
Consumer Defense
9.19% 2.86% 17.74% 48.28%
Industrials
8.23% 0.60% 17.30% 37.93%
Communication Services
6.66% 0.00% 11.17% 24.14%
Utilities
2.54% 0.00% 10.71% 62.07%
Consumer Cyclical
2.31% 2.31% 21.34% 79.31%
Basic Materials
1.64% 0.00% 3.95% 58.62%
Real Estate
0.00% 0.00% 4.49% 44.83%

Stock Geographic Breakdown

Weighting Return Low Return High MADVX % Rank
US
72.82% 29.55% 87.29% 13.79%
Non US
19.11% 6.34% 33.56% 65.52%

Expenses

MADVX - Expenses

Operational Fees

MADVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.59% 10.19% 96.30%
Management Fee 0.56% 0.43% 1.50% 6.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.45% N/A

Sales Fees

MADVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.25% 5.50% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MADVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

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 43.00% 12.00% 320.00% 17.86%

Distributions

MADVX - Distributions

Dividend Yield Analysis

MADVX Category Low Category High MADVX % Rank
Dividend Yield 0.00% 0.00% 1.98% 53.33%

Dividend Distribution Analysis

MADVX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

MADVX Category Low Category High MADVX % Rank
Net Income Ratio 2.01% -1.89% 4.80% 48.15%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MADVX - Fund Manager Analysis

Managers

Tony DeSpirito


Start Date

Tenure

Tenure Rank

Aug 04, 2014

5.33

5.3%

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


Start Date

Tenure

Tenure Rank

Aug 31, 2017

2.25

2.3%

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


Start Date

Tenure

Tenure Rank

Aug 31, 2017

2.25

2.3%

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 Category High Category Average Category Mode
0.0 16.93 2.52 0.44