Equity

BOECX

Equity Dividend 529 Option

How To Buy
  • NAV as of Jun 09, 2023 $33.78
    52 WK: 29.33 - 34.84
  • 1 Day NAV Change as of Jun 09, 2023 -0.02 (-0.06%)
  • NAV Total Return as of Jun 09, 2023 YTD: 3.11%

Overview

A portfolio built on dividend growth
The BlackRock Equity Dividend Fund has amassed a record of strong performance through diverse market environments by focusing on companies that pay and grow their dividends.

U.S. large-cap value portfolio of high quality companies

Invests in companies with a greater potential for dividend growth

Seeks lower volatility equity returns

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Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
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Cum. Fund Perf. Since Inception: 244.23

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

Distributions

This fund does not have any distributions.

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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.
Click here, for the most recent distributions.



  1y 3y 5y 10y
Total Return (%) -5.65 15.81 6.90 8.33
Return w/ Sales Charge (%) -6.59 15.81 6.90 8.33
Benchmark (%) -5.91 17.93 7.50 9.13
Morningstar Category Avg. (%) -4.68 17.42 7.49 9.00
Morningstar Ranking 104/166 90/121 92/114 67/87
Morningstar Quartile 3 4 4 4
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 0.95 -1.58 0.95 -5.65 55.33 39.60 122.59
Return w/ Sales Charge (%) -0.05 -2.56 -0.05 -6.59 55.33 39.60 122.59
Benchmark (%) 1.01 -0.46 1.01 -5.91 63.99 43.55 139.52
Morningstar Category Avg. (%) 0.47 -0.69 0.47 -4.68 61.91 43.47 136.82
  2018 2019 2020 2021 2022
Total Return (%) -8.24 26.04 2.76 19.00 -5.07
Benchmark (%) -8.27 26.54 2.80 25.16 -7.54
Morningstar Category Avg. (%) -8.13 25.58 1.91 24.71 -5.33

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.

Key Facts

Key Facts

Size of Class (Millions) as of Jun 09, 2023 $25.6 M
Size of Fund (Millions) as of Jun 09, 2023 $261.8 M
Share Class launch date Oct 05, 2009
Asset Class Equity
Benchmark Index Russell 1000 Value Index
CUSIP 19452P503
Max Offer Price as of Jun 09, 2023 $33.78
Open to New Investors Yes
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of May 31, 2023 0.00
P/E Ratio - Forward as of May 31, 2023 0.00
Alpha (3y) as of May 31, 2023 -0.06
Average Market Cap (Millions) as of May 31, 2023 $ 0.0 M
R-Squared (3y) as of May 31, 2023 94.79
Fund Standard Deviation (3y) as of May 31, 2023 17.31
Beta (3y) as of May 31, 2023 0.98
Active Share as of - -
This information must be preceded or accompanied by a current program description. For standardized performance, please see the Performance section above.

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 program description
Gross Expense Ratio 1.84%
Net Expense Ratio 1.84%

Net Expense Ratio excluding Investment Related Expenses is 1.14%

  • Acquired Fund Fees and Expenses 0.70%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

as of May 31, 2023
Name Weight (%)
WELLS FARGO & COMPANY 2.98
LABORATORY CORPORATION OF AMERICA HOLDINGS 2.79
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 2.61
KRAFT HEINZ CO 2.58
CITIGROUP INC 2.54
Name Weight (%)
FIRST CITIZENS BANCSHARES INC 2.40
BAXTER INTERNATIONAL INC 2.31
MEDTRONIC PLC 2.28
BP PLC 2.27
AMERICAN INTERNATIONAL GROUP INC 2.24
The portfolio holds a mutual fund and/or an ETF. Top holdings from the underlying vehicles are listed above for greater visibility

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2023

% of Market Value

Type Fund Benchmark Net
as of May 31, 2023

% of Market Value

Type Fund Benchmark Net
as of May 31, 2023

% of Market Value

Type Fund Benchmark Net
as of May 31, 2023

% 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
Tony DeSpirito
BlackRock Fundamental Equities

   

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Antonio (Tony) DeSpirito, Managing Director, is Chief Investment Officer of U.S. Fundamental Equities. He is also lead portfolio manager of the BlackRock Equity Dividend and value portfolios.

 

Mr. DeSpirito joined BlackRock in 2014. He was previously a Managing Principal, portfolio manager, and member of the Executive Committee at Pzena Investment Management, where he was responsible for a suite of long-only value products and two hedge fund portfolios. Mr. DeSpirito has managed value equity assets since 1996, serving as a portfolio manager for the John Hancock Classic Value, PACE Large Company Value, and Vanguard Windsor funds.

 

Mr. DeSpirito is a visiting lecturer at the Johnson School at Cornell University. He is also a member of the board of directors of the Adirondack North Country Association.

 

Mr. DeSpirito earned a BS degree in economics with a concentration in finance, summa cum laude, from the Wharton School of the University of Pennsylvania and a JD degree, magna cum laude, from Harvard Law School.

David Zhao
David Zhao
Portfolio Manager

  

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David Zhao, Managing Director, is Co-Director of Research for the US Income & Value team within the Fundamental Active Equity business of BlackRock's Active Equities Group. Mr. Zhao is a Portfolio Manager for the BlackRock Equity Dividend portfolios.

 

He also has partial research coverage for the information technology and telecoms sectors. Prior to joining BlackRock, David was a Global Equity Senior Research Analyst and Principal at Pzena Investment Management covering technology, US banks/brokers, medical technology, non-life insurance, financial technology and select industrials. David began his career as an Analyst at Lehman Brothers covering technology M&A; and later within the Institutional Equities Corporate Strategy Group.

 

David holds a BA of Arts with degrees in Economics and Computer Information Systems and graduated Cum Laude from Northwestern University.

Portfolio Manager

Literature

Literature

 

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