BlackRock Equity Dividend Fund
Expense Ratio: 0.99%
Robert Shearer took the helm of the BlackRock Equity Dividend Fund (MDDVX) about a decade ago. During this time he racked up a 10% average return and now the fund has about $29.4 billion in assets.
Another perk is that Shearer focuses on companies that have a good chance of increasing dividends. To this end, he looks for powerful barriers to entry, positive industry trends and solid management teams. Well, and he also looks for a bargain, of course!
Once Shearer finds a good pick, he tends to stick with it. In fact, the turnover of the portfolio is a mere 3%.
The fund’s expense ratio is 0.99%, while its front-end sales charge varies depending on your investment. Some of the top holdings include Chevron (CVX), JP Morgan Chase (JPM), Wells Fargo (WFC) and Pfizer (PFE).