Fund Facts  

Inception Date: Oct 21, 1994
CUSIP: 09251M108
Ticker Symbol: MDDVX
Morningstar Category:Large Value
As of Sep 30, 2017
Fund Net Assets ($millions) $21,251

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term total return and current income.

Principal Investment Strategies  

The fund seeks to achieve its objective by investing primarily in a diversified portfolio of equity securities. Under normal circumstances, it will invest at least 80% of its assets in equity securities and at least 80% of its assets in dividend paying securities. The fund may invest in securities of companies with any market capitalization, but will generally focus on large cap securities. It may also invest in convertible securities and non-convertible preferred stock. The fund may invest up to 25% of its total assets in securities of foreign issuers.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
BlackRock Equity Dividend Aa4.04%10.54%20.16%9.99%11.65%6.48%10.13%
Russell 1000 Value Indexa,b3.11%7.92%15.12%8.53%13.20%5.92%N/A
Morningstar Large Valuea,c3.80%9.41%16.17%7.99%12.23%5.72%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund Expensesa
Gross Expenses0.97%
Net Expenses0.97%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Oct 12, 2017Oct 12, 2017$0.092857000
Jul 20, 2017Jul 20, 2017$2.079279000
Apr 12, 2017Apr 12, 2017$0.081084000
Dec 6, 2016Dec 6, 2016$1.464360000
Oct 13, 2016Oct 13, 2016$0.107535000
Jul 21, 2016Jul 21, 2016$0.085785000
Apr 13, 2016Apr 13, 2016$0.094877000
Dec 11, 2015Dec 11, 2015$3.513586000
Oct 15, 2015Oct 15, 2015$0.090994000
Jul 16, 2015Jul 16, 2015$0.102908000
Apr 15, 2015Apr 15, 2015$0.095050000
Dec 12, 2014Dec 12, 2014$1.193322000
Oct 16, 2014Oct 16, 2014$0.108085000
Jul 17, 2014Jul 17, 2014$0.101271000
Apr 16, 2014Apr 16, 2014$0.113130000
Dec 13, 2013Dec 13, 2013$0.121826000
Oct 17, 2013Oct 17, 2013$0.112102000
Jul 18, 2013Jul 18, 2013$0.086941000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 4 Stars1108
3-Year 4 Stars1108
5-Year 3 Stars962
10-Year 4 Stars689

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox
Large Value
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity95%
Fixed Income0%
Cash/Other5%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock78.5%
Foreign Stock16.4%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash5.1%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Aug 31, 2017
SectorPercent
Financial Services25.9%
Healthcare16.0%
Industrials11.2%
Energy10.4%
Technology10.1%
Consumer Defensive6.9%
Utilities5.3%
Communication Services3.9%
Basic Materials3.1%
Consumer Cyclical2.2%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
JPMorgan Chase & Co4.0%
Citigroup Inc3.7%
Bank of America Corporation3.5%
Pfizer Inc3.4%
Oracle Corp2.9%
DowDuPont Inc2.5%
Wells Fargo & Co2.4%
Anthem Inc2.4%
Aetna Inc2.1%
Microsoft Corp2.1%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta0.960.91
Alpha1.62-0.30
Standard Deviation10.169.32
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.