Equity

MDEGX

Unconstrained Equity Fund

Overview

Loading

Performance

Performance

  1y 3y 5y 10y
7.66 21.31 11.89 11.10
2.01 19.15 10.69 10.51
Benchmark (%) 17.25 23.72 14.41 12.43
Morningstar Category Avg. (%) 18.91 20.05 10.10 11.60
Morningstar Ranking 249/263 182/249 80/231 131/154
Morningstar Quartile 3 3 2 3
Lipper Category Avg. (%) 17.50 22.01 9.88 12.32
Lipper Ranking 166/202 127/196 41/189 89/137
Lipper Quartile 4 3 1 3
  YTD 1m 3m 1y 3y 5y 10y
11.46 2.25 2.11 7.66 78.52 75.40 186.60
5.61 -3.12 -3.25 2.01 69.15 66.19 171.55
Benchmark (%) 17.43 3.21 7.27 17.25 89.35 96.04 222.60
Morningstar Category Avg. (%) 17.01 1.58 6.22 18.91 80.34 58.16 217.51
Lipper Category Avg. (%) 17.00 2.98 5.55 17.50 82.69 61.63 223.54
  2020 2021 2022 2023 2024
Total Return (%) 21.58 20.37 -20.51 33.16 7.27
Annual w/ Sales Charge (%) 15.20 14.05 -24.69 26.17 1.64
Benchmark (%) 15.90 21.82 -18.14 23.79 18.67
Morningstar Category Avg. (%) 32.67 12.84 -27.90 23.64 15.47

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 between October 15, 2012 and March 1, 2022 are the returns of the Fund when it followed different investment strategies and investment process under the name "BlackRock Long-Horizon Equity Fund.” The Fund’s returns prior to October 15, 2012 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Global Dynamic Equity Fund.” Effective March 1, 2022, in connection with the change of investment objective, investment strategies and investment process of the Fund, the MSCI World Index replaced the MSCI ACWI as the performance benchmark against which the Fund measures its performance.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 04, 2025
$980.0 M
Share Class launch date
Nov 04, 2005
Benchmark Index
MSCI World Index (Net)
Lipper Classification
Global Large-Cap Growth
Max Offer Price
as of Dec 04, 2025
$16.61
Turnover Percent in the Annual Report
as of Apr 30, 2025
62.00%
Size of Class (Millions)
as of Dec 04, 2025
$248.1 M
Asset Class
Equity
Morningstar Category
Global Large-Stock Growth
CUSIP
09251W106
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2025
20
P/E Ratio - Forward
as of Oct 31, 2025
32.86
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Feb 28, 2022
17.53
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
20.87%
Active Share
as of Oct 31, 2025
50.00%
P/B Ratio
as of Oct 31, 2025
11.27
Alpha (3y)
as of Feb 28, 2022
0.26
R-Squared (3y)
as of Feb 28, 2022
92.99
Beta (3y)
as of Feb 28, 2022
0.99
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2023
-9.41%

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

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.16%
Net Expense Ratio 1.16%

Net Expense Ratio excluding Investment Related Expenses is 1.16%

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

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Jul 14, 2025)
Analyst-Driven % as of Jul 14, 2025
100.00
Data Coverage % as of Jul 14, 2025
100.00

Holdings

Holdings

as of Oct 31, 2025
Name Weight (%)
MICROSOFT CORPORATION 8.61
VERTIV HOLDINGS CO 7.24
AMAZON.COM INC 7.12
ASML HOLDING NV 5.63
ALPHABET INC 5.34
Name Weight (%)
HOWMET AEROSPACE INC 5.02
BROADCOM INC 5.00
TRANE TECHNOLOGIES PLC 4.92
AIRBUS SE 4.83
CADENCE DESIGN SYSTEMS INC 4.68
Name Market Value Weight (%) Shares
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% 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

Alister Hibbert
Head of Fundamental Equities’ Strategic Equity Team, Portfolio Manager, Managing Director

    

Michael Constantis
Managing Director

    

Portfolio Manager

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature