PERFORMANCE

as of
  1y 3y 5y 10y Incept.  
6.60 11.76 11.65 8.47 9.74
1.00 9.77 10.46 7.88 9.51
Benchmark (%)   9.31 17.20 13.39 7.51 -
Morningstar Ranking   1,106/1,348 1,080/1,158 669/1,016 102/712 -
as of
  YTD 1m 3m 1y 3y 5y 10y Incept.  
-0.26 0.83 4.35 6.60 39.60 73.52 125.37 1,063.57
-5.50 -4.47 -1.13 1.00 32.28 64.42 113.53 1,002.39
Benchmark (%)   0.21 0.93 4.38 9.31 60.97 87.41 106.22 -
Lipper Ranking  

as of 31-Mar-2015

352/499 300/359 195/286 57/176
Morningstar Ranking   - - - 1,106/1,348 1,080/1,158 669/1,016 102/712 -
as of
  2010 2011 2012 2013 2014
Total Return (%)   12.92 5.60 11.92 24.35 9.06
Annual w/ Sales Charge (%)   6.99 0.06 6.04 17.82 3.33
Benchmark (%)   15.51 0.39 17.51 32.53 13.45


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Performance chart data not available for display.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

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Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return of Capital

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Year Total Distribution   Income ST Cap Gains LT Cap Gains

Past distributions are not indicative of future distributions.



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Holdings

as of 30-Apr-2015

Name Weight (%)
WELLS FARGO & COMPANY 3.68
JPMORGAN CHASE & CO 3.36
GENERAL ELECTRIC CO 2.63
MICROSOFT CORPORATION 2.63
COMCAST CORPORATION 2.58
HOME DEPOT INC 2.54
PFIZER INC 2.49
MERCK & CO INC 2.21
CITIGROUP INC 2.07
RAYTHEON COMPANY 2.06
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.

Exposure Breakdowns

as of 30-Apr-2015

% of Market Value

Financials

24.6%

29.6%

Industrials

14.9%

10.3%

Health Care

13.5%

14.4%

Energy

9.4%

11.4%

Information Technology

8.6%

9.3%

Consumer Discretionary

7.6%

6.6%

Consumer Staples

6.4%

7.1%

Utilities

5.2%

6.1%

Materials

4.7%

3.2%

Cash and Derivatives

3.0%

-

  • Fund

  • Benchmark

as of 30-Apr-2015

% of Market Value

North America

92.9%

99.9%

Cash and Derivatives

3.0%

-

Europe

2.7%

0.1%

Emerging Markets

1.0%

-

Asia Pacific Basin

0.5%

-

  • Fund

  • Benchmark

as of 30-Apr-2015

% of Market Value

United States

92.6%

99.7%

Cash and Derivatives

3.0%

-

France

1.6%

-

Korea (South), Republic of

1.0%

-

United Kingdom

0.9%

-

Australia

0.5%

-

Canada

0.3%

0.2%

Netherlands

0.2%

-

Norway

-

0.0%

Germany

-

0.0%

  • Fund

  • Benchmark

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 30-Apr-2015

% of Market Value

Cash and Derivatives

3.0%

-

Large Cap ->$10bn

95.5%

85.2%

Mid Cap - $2-$10bn

1.5%

14.6%

Small Cap -<$2bn

-

0.2%

  • Fund

  • Benchmark

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Ratings

  • Lipper Leader Ratings
  • Preservation   :
     
  • Expense   :
     
  • Tax Efficiency   :
     
  • Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 30-Apr-2015 out of 359, 11,277, 359, 117 and 359 Funds, respectively in Lipper's Equity Income Funds classification.


Morningstar Analyst


Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 10/14/14)*

KEY FACTS

Size of Fund (Millions)

as of 22-May-2015

$26,760.6 M
Size of Class (Millions)

as of 22-May-2015

$7,688.5 M
Inception Date Oct 21, 1994
Asset Class Equity
Morningstar Category Large Value
Lipper Classification Equity Income Funds
CUSIP 09251M108
Benchmark Index Russell 1000 Value Index (Total Return)

Total Expense Ratio 0.95%
Net, Including Investment Related Expenses   0.95%
Net, Excluding Investment Related Expenses 0.95%

Max Offer Price

as of 22-May-2015

$26.59
Distribution Frequency   Quarterly
Number of Holdings

as of 30-Apr-2015

88
Turnover Percent

as of 30-Apr-2015

6%
Open to New Investors Yes

PORTFOLIO CHARACTERISTICS

P/E Ratio  

as of 30-Apr-2015

17.16
P/B Ratio  

as of 30-Apr-2015

2.29
Average Market Cap (Millions)  

as of 30-Apr-2015

$123,613.1 M

Alpha (3y)  

as of 30-Apr-2015

-0.19
R-Squared (3y)

as of 30-Apr-2015

94.93
Beta (3y)

as of 30-Apr-2015

0.90

Best 3-Month Return Over the Last 3 Years

3 months ending 31-Dec-2013

9.84%
Worst 3-Month Return Over the Last 3 Years

3 months ending 31-Jan-2015

-2.51%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please click on the "Returns" tab above.

More Products

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.

The fund is actively managed and its characteristics will vary.

Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.

International investing involves special risks including, but not limited to currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets.

The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.

*The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the mutual fund analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Morningstar’s analysts use this five-pillar evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating ultimately reflects the analyst’s overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The approach serves not as a formula but as a framework to ensure consistency across Morningstar’s global coverage universe. The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A "Bronze"-rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. Analyst Ratings are reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please click here.

The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings are based on Morningstar's current expectations about future events; therefore, in no way does Morningstar represent ratings as a guarantee nor should they be viewed by an investor as such. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar's expectations not to occur or to differ significantly from what we expected.

Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.

Investing involves risk, including possible loss of principal.

Fund details, holdings and characteristics are as of the date noted and subject to change.

Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.

Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-3384