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
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|BlackRock Equity Dividend Aa||1.95%||6.71%||14.42%||8.39%||12.52%||6.82%||9.69%|
|Russell 1000 Value Indexa,b||3.48%||10.00%||16.20%||9.70%||16.15%||5.85%||N/A|
|Morningstar Large Valuea,c||3.70%||7.84%||13.08%||7.70%||14.02%||5.40%||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.
a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 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 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.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Oct 13, 2016||Oct 13, 2016||$0.107535000|
|Jul 21, 2016||Jul 21, 2016||$0.085785000|
|Apr 13, 2016||Apr 13, 2016||$0.094877000|
|Dec 11, 2015||Dec 11, 2015||$3.513586000|
|Oct 15, 2015||Oct 15, 2015||$0.090994000|
|Jul 16, 2015||Jul 16, 2015||$0.102908000|
|Apr 15, 2015||Apr 15, 2015||$0.095050000|
|Dec 12, 2014||Dec 12, 2014||$1.193322000|
|Oct 16, 2014||Oct 16, 2014||$0.108085000|
|Jul 17, 2014||Jul 17, 2014||$0.101271000|
|Apr 16, 2014||Apr 16, 2014||$0.113130000|
|Dec 13, 2013||Dec 13, 2013||$0.121826000|
|Oct 17, 2013||Oct 17, 2013||$0.112102000|
|Jul 18, 2013||Jul 18, 2013||$0.086941000|
|Apr 17, 2013||Apr 17, 2013||$0.096101000|
|Dec 12, 2012||Dec 12, 2012||$0.132809000|
|Oct 18, 2012||Oct 18, 2012||$0.103473000|
|Jul 19, 2012||Jul 19, 2012||$0.092444000|
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.
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
Exposure reflects equity securities only and will sum to the equity exposure of the fund.
|Wells Fargo & Co||3.4%|
|JPMorgan Chase & Co||3.3%|
|General Electric Co||2.9%|
|Comcast Corp Class A||2.6%|
|Home Depot, Inc.||2.5%|
|Merck & Co Inc||2.2%|
|Exxon Mobil Corporation||2.1%|
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 email@example.com, 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.