Equity

MDLVX

BlackRock Advantage Large Cap Value 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
11.53 12.60 10.51 11.08
5.67 10.59 9.33 10.49
Benchmark (%) 11.67 13.02 10.29 11.70
Morningstar Category Avg. (%) 3.12 10.27 9.62 10.73
Morningstar Ranking 880/1197 748/1129 577/1051 411/764
Morningstar Quartile 3 3 3 3
Lipper Category Avg. (%) 12.61 13.94 11.34 11.54
Lipper Ranking 390/618 370/595 254/528 197/387
Lipper Quartile 3 3 2 3
  YTD 1m 3m 1y 3y 5y 10y
-2.12 2.80 -2.12 11.53 42.75 64.85 186.10
-7.26 -2.59 -7.26 5.67 35.26 56.20 171.08
Benchmark (%) -0.74 2.82 -0.74 11.67 44.38 63.17 202.35
Morningstar Category Avg. (%) -5.43 -5.32 -3.96 3.12 46.41 67.13 190.24
Lipper Category Avg. (%) -0.81 2.11 -0.81 12.61 48.10 71.53 199.65
  2017 2018 2019 2020 2021
Total Return (%) 17.26 -7.96 24.38 3.62 26.47
Benchmark (%) 13.66 -8.27 26.54 2.80 25.16
Morningstar Category Avg. (%) 15.94 -8.53 25.04 2.91 26.22
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

Net Assets as of Jun 28, 2022 $362,850,061
Size of Fund (Millions) $565.2 M
Base Currency U.S. Dollar
Share Class launch date Dec 22, 1999
Asset Class Equity
Domicile United States

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of May 31, 2022 2.40
P/E Ratio - Forward as of May 31, 2022 14.41
Average Market Cap (Millions) as of May 31, 2022 $ 167,403.4 M
Best 3-Month Return Over the Last 3 Years 3 months ending Apr 30, 2021 17.13%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -25.71%
Fund Standard Deviation (3y) as of May 31, 2022 18.71
Active Share as of May 31, 2022 47.70%
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 provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


The metrics are not indicative of how or whether ESG factors will be integrated into a fund. Unless otherwise stated in fund documentation and included within a fund’s investment objective, the metrics 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 methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of May 06, 2022 AA
MSCI ESG % Coverage as of May 06, 2022 98.28%
MSCI ESG Quality Score (0-10) as of May 06, 2022 7.8
MSCI ESG Quality Score - Peer Percentile as of May 06, 2022 55.10%
Fund Lipper Global Classification as of May 06, 2022 Equity US
Funds in Peer Group as of May 06, 2022 3,470
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of May 06, 2022 201.57
MSCI Weighted Average Carbon Intensity % Coverage as of May 06, 2022 97.26%
All data is from MSCI ESG Fund Ratings as of May 06, 2022, based on holdings as of Oct 31, 2021. 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 with ESG coverage 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 31, 2022 1.99%
MSCI - UN Global Compact Violators as of May 31, 2022 0.30%
MSCI - Nuclear Weapons as of May 31, 2022 0.34%
MSCI - Thermal Coal as of May 31, 2022 0.00%
MSCI - Civilian Firearms as of May 31, 2022 0.00%
MSCI - Oil Sands as of May 31, 2022 0.00%
MSCI - Tobacco as of May 31, 2022 0.62%

Business Involvement Coverage as of May 31, 2022 98.81%
Percentage of Fund not covered as of May 31, 2022 1.19%
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 0.26% and for Oil Sands 4.45%.

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 includes ESG considerations in the research and decision phases of the investment process. This may include relevant, internal ESG research which along with multiple other research insights, informs active portfolio weighting versus a reference benchmark (or weighting implemented to achieve an absolute return outcome, if applicable). 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 0.96%
Net Expense Ratio 0.79%

Net Expense Ratio excluding Investment Related Expenses is 0.79%

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

Ratings

Ratings

Lipper Leader

 
 
 
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 May 31, 2022 out of 589, 12,373, 589, 161 and 589 Funds, respectively in Lipper's Multi-Cap Value Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Jan 13, 2022)

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
JPMORGAN CHASE & CO 2.81
EXXON MOBIL CORP 2.77
BERKSHIRE HATHAWAY INC 2.66
JOHNSON & JOHNSON 2.40
UNITEDHEALTH GROUP INC 1.92
Name Weight (%)
PROCTER & GAMBLE CO 1.72
ANTHEM INC 1.60
INTEL CORPORATION 1.55
CHEVRON CORP 1.49
COMCAST CORPORATION 1.47

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% 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

Raffaele Savi
BlackRock Systematic Active Equity Investment Team
Travis Cooke
BlackRock Systematic Active Equity Investment Team
Richard Mathieson
BlackRock Systematic Active Equity Investment Team
Portfolio Manager

Literature

Literature

 

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