Equity

MKDVX

Equity 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
-4.43 17.28 8.26 9.48
Benchmark (%) -5.91 17.93 7.50 9.13
Morningstar Category Avg. (%) -5.10 18.93 7.78 9.12
Morningstar Ranking 506/1239 786/1155 409/1103 -
Morningstar Quartile 2 3 2 2
Lipper Ranking 201/464 212/438 202/419 -
Lipper Quartile 2 2 2 -
  YTD 1m 3m 1y 3y 5y 10y
1.26 -1.44 1.26 -4.43 61.32 48.70 147.37
Benchmark (%) 1.01 -0.46 1.01 -5.91 63.99 43.55 139.52
Morningstar Category Avg. (%) 0.87 -0.75 0.87 -5.10 68.23 45.42 139.26
  2018 2019 2020 2021 2022
Total Return (%) -7.05 27.67 4.01 20.50 -3.83
Benchmark (%) -8.27 26.54 2.80 25.16 -7.54
Morningstar Category Avg. (%) -8.53 25.04 2.91 26.22 -5.90
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 performance information for periods prior to March 28, 2016, the commencement of operations of the share class, shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. See the Fund’s prospectus for more details.

Key Facts

Key Facts

Size of Class (Millions) as of May 26, 2023 $2,967.0 M
Size of Fund (Millions) as of May 26, 2023 $18,440.2 M
Share Class launch date Mar 28, 2016
Asset Class Equity
Morningstar Category Large Value
Lipper Classification Equity Income Funds
Benchmark Index Russell 1000 Value Index
CUSIP 09251M801
Distribution Frequency None
Number of Holdings as of Apr 28, 2023 85
Max Offer Price as of May 26, 2023 $18.52
Open to New Investors Yes
Turnover Percent in the Annual Report 47%

Portfolio Characteristics

Portfolio Characteristics

P/B Ratio as of Apr 28, 2023 1.75
P/E Ratio - Forward as of Apr 28, 2023 12.01
Average Market Cap (Millions) as of Apr 28, 2023 $ 145,960.2 M
Alpha (3y) as of Apr 30, 2023 0.06
R-Squared (3y) as of Apr 30, 2023 94.66
Beta (3y) as of Apr 30, 2023 0.98
30 Day SEC Yield as of Apr 30, 2023 2.13%
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 18.84%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2022 -10.19%
Fund Standard Deviation (3y) as of Apr 30, 2023 17.09
Active Share as of Apr 28, 2023 83.76%

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. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the 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 19, 2023 A
MSCI ESG % Coverage as of May 19, 2023 97.76%
MSCI ESG Quality Score (0-10) as of May 19, 2023 6.5
MSCI ESG Quality Score - Peer Percentile as of May 19, 2023 20.44%
Fund Lipper Global Classification as of May 19, 2023 Equity US Income
Funds in Peer Group as of May 19, 2023 318
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of May 19, 2023 84.50
MSCI Weighted Average Carbon Intensity % Coverage as of May 19, 2023 93.27%
All data is from MSCI ESG Fund Ratings as of May 19, 2023, based on holdings as of Nov 30, 2022. 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% (or 50% for bond funds and money market funds) 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.

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. 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 Apr 28, 2023 0.00%
MSCI - UN Global Compact Violators as of Apr 28, 2023 0.00%
MSCI - Nuclear Weapons as of Apr 28, 2023 0.60%
MSCI - Thermal Coal as of Apr 28, 2023 0.00%
MSCI - Civilian Firearms as of Apr 28, 2023 0.00%
MSCI - Oil Sands as of Apr 28, 2023 0.00%
MSCI - Tobacco as of Apr 28, 2023 1.08%

Business Involvement Coverage as of Apr 28, 2023 95.33%
Percentage of Fund not covered as of Apr 28, 2023 4.67%
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 0.49% and for Oil Sands 4.73%.

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 0.57%
Net Expense Ratio 0.57%

Net Expense Ratio excluding Investment Related Expenses is 0.57%

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

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Equity Dividend Fund, Class K, as of Apr 30, 2023 rated against 1135 Large Value Funds based on risk adjusted total return.

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 Apr 30, 2023 out of 440, 12,487, 440, 259 and 440 Funds, respectively in Lipper's Equity Income Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Feb 09, 2023)

Holdings

Holdings

as of Apr 28, 2023
Name Weight (%)
BP PLC 3.18
WELLS FARGO & COMPANY 2.84
MEDTRONIC PLC 2.72
CITIGROUP INC 2.58
KRAFT HEINZ CO 2.44
Name Weight (%)
BAXTER INTERNATIONAL INC 2.44
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 2.38
LABORATORY CORPORATION OF AMERICA HOLDINGS 2.31
ENTERPRISE PRODUCTS PARTNERS L.P. 2.31
UNILEVER PLC 2.21

Exposure Breakdowns

Exposure Breakdowns

as of Apr 28, 2023

% of Market Value

Type Fund Benchmark Net
as of Apr 28, 2023

% of Market Value

Type Fund Benchmark Net
as of Apr 28, 2023

% of Market Value

Type Fund Benchmark Net
as of Apr 28, 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
BlackRock Fundamental Equities

   

David Zhao
Portfolio Manager

  

Portfolio Manager

Literature

Literature

 

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