Equity

MCRFX

Mid Cap Dividend Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
75.84 12.41 12.21 9.38
74.84 12.41 12.21 9.38
Benchmark (%) 73.76 10.70 11.60 11.05
Morningstar Category Avg. (%) 78.46 9.99 11.14 10.05
Morningstar Ranking 179/415 60/395 90/350 164/250
Morningstar Quartile 3 1 2 3
Lipper Category Avg. (%) 70.74 11.68 12.11 10.15
Lipper Ranking 18/477 147/453 147/393 176/238
Lipper Quartile 1 2 2 3
  YTD 1m 3m 1y 3y 5y 10y
15.49 7.02 15.49 75.84 42.03 77.87 145.06
14.49 6.02 14.49 74.84 42.03 77.87 145.06
Benchmark (%) 13.05 5.16 13.05 73.76 35.64 73.09 185.35
Morningstar Category Avg. (%) 15.73 6.42 15.73 78.46 33.07 69.58 160.64
Lipper Category Avg. (%) 11.00 4.64 11.00 70.74 39.53 77.90 165.50
  2016 2017 2018 2019 2020
Total Return (%) 21.37 7.73 -10.41 28.22 6.06
Benchmark (%) 20.00 13.34 -12.29 27.06 4.96
Morningstar Category Avg. (%) 18.06 13.22 -12.86 25.18 2.63
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.

The Fund’s returns prior to June 12, 2017 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Mid Cap Value Opportunities Fund.” 

Key Facts

Key Facts

Size of Class (Millions) as of Jun 23, 2021 $14.5 M
Size of Fund (Millions) as of Jun 23, 2021 $614.0 M
Share Class launch date Feb 01, 1995
Asset Class Equity
Morningstar Category Mid-Cap Value
Lipper Classification Equity Income Funds
Benchmark Index Russell MidCap Value Index
CUSIP 09255V302
Distribution Frequency Semi-Annual
Number of Holdings as of May 28, 2021 107
Max Offer Price as of Jun 23, 2021 $17.44
Open to New Investors Yes
Turnover Percent in the Annual Report 56%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of May 28, 2021 1.92
P/E Ratio - Forward as of May 28, 2021 14.77
Average Market Cap (Millions) as of May 28, 2021 $ 29,724.5 M
Best 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2020 24.00%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -30.34%
Fund Standard Deviation (3y) as of May 31, 2021 23.21
Active Share as of May 28, 2021 89.60%

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Jun 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jun 07, 2021 6.2
MSCI ESG Quality Score - Peer Percentile as of Jun 07, 2021 33.67%
MSCI ESG % Coverage as of Jun 07, 2021 99.47%
Fund Lipper Global Classification as of Jun 07, 2021 Equity US Income
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 07, 2021 289.67
Funds in Peer Group as of Jun 07, 2021 300
All data is from MSCI ESG Fund Ratings as of Jun 07, 2021, based on holdings as of Dec 31, 2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of May 28, 2021 0.00%
MSCI - UN Global Compact Violators as of May 28, 2021 0.53%
MSCI - Nuclear Weapons as of May 28, 2021 0.74%
MSCI - Thermal Coal as of May 28, 2021 0.00%
MSCI - Civilian Firearms as of May 28, 2021 0.00%
MSCI - Oil Sands as of May 28, 2021 0.00%
MSCI - Tobacco as of May 28, 2021 1.18%

Business Involvement Coverage as of May 28, 2021 96.08%
Percentage of Fund not covered as of May 28, 2021 4.06%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 1.00% and for Oil Sands 0.98%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager integrates ESG criteria into screening, company research and portfolio construction tools. The data may include multiple third-party ESG vendors, BlackRock internal scoring, internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 2.01%
Net Expense Ratio 1.75%

Net Expense Ratio excluding Investment Related Expenses is 1.75%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Mid Cap Dividend Fund, Class C, as of May 31, 2021 rated against 394 Mid-Cap Value Funds based on risk adjusted total return.

Holdings

Holdings

as of May 28, 2021
Name Weight (%)
MARATHON PETROLEUM CORP 2.34
SS&C TECHNOLOGIES HOLDINGS INC 2.31
AMERICAN INTERNATIONAL GROUP INC 2.25
CIGNA CORP 2.20
FLEETCOR TECHNOLOGIES INC 2.15
Name Weight (%)
EQUITABLE HOLDINGS INC 2.13
GILDAN ACTIVEWEAR INC. 2.06
RALPH LAUREN CORP 1.96
CAPITAL ONE FINANCIAL CORPORATION 1.86
BAE SYSTEMS PLC 1.86

Exposure Breakdowns

Exposure Breakdowns

as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
as of May 28, 2021

% of Market Value

Type Fund Benchmark Net
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.

Portfolio Managers

Portfolio Managers

Tony DeSpirito
BlackRock Fundamental Active Equity Investment Team

   

Franco Tapia, CFA,
Portfolio Manager

 

 

David Zhao
Portfolio Manager

  

Portfolio Manager

Literature

Literature

 

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