Fund Facts  

Inception Date: Oct 21, 1994
Ticker Symbol: MDDVX
Morningstar Category:Large Value
As of Mar 31, 2014
Fund Net Assets ($millions) $30,547

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 Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
BlackRock Equity Dividend Aa0.48%0.48%1.19%7.80%8.52%6.67%9.62%
Russell 1000 Value Indexa,b1.64%1.64%-1.54%9.38%10.25%5.72%N/A
Morningstar Large Valuea,c1.28%1.28%-2.96%8.16%8.75%5.20%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 performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa0.97%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.

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 Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
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
Apr 17, 2013Apr 17, 2013$0.096101000
Dec 12, 2012Dec 12, 2012$0.132809000
Oct 18, 2012Oct 18, 2012$0.103473000
Jul 19, 2012Jul 19, 2012$0.092444000
Apr 18, 2012Apr 18, 2012$0.089629000
Dec 8, 2011Dec 8, 2011$0.111932000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 4 Stars1207
3-Year 2 Stars1207
5-Year 2 Stars1051
10-Year 5 Stars764

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Equity Stylebox
Large Value
Allocation of Assets As of Feb 28, 2014
Type of Asset Percent
Equity98%
Fixed Income0%
Cash/Other2%

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

 
 

Characteristics

Allocation of Assets As of Feb 28, 2014
Asset ClassPercent
Domestic Stock90.0%
Foreign Stock8.4%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.6%
Other0.0%

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

 
Equity Sector As of Feb 28, 2014
SectorPercent
Financial Services22.3%
Industrials14.6%
Energy13.4%
Healthcare9.5%
Consumer Defensive8.7%
Consumer Cyclical8.2%
Technology6.2%
Basic Materials5.4%
Utilities5.0%
Communication Services4.7%
Real Estate0.4%

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

 
Top Ten Holdings As of Feb 28, 2014
Holding NamePercent
Wells Fargo & Co3.4%
JPMorgan Chase & Co3.3%
General Electric Co2.9%
Chevron Corp2.9%
Comcast Corp Class A2.6%
Pfizer Inc2.5%
Home Depot, Inc.2.5%
Merck & Co Inc2.2%
Exxon Mobil Corporation2.1%
Raytheon Company2.1%
 

Statistics

Portfolio Statistics As of Mar 31, 2014
Statistic3-Year5-Year
Beta0.800.82
Alpha-0.050.31
Standard Deviation10.8212.58
 
 

Footnotes

1.

Please read the fund's prospectus 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 before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 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.