Top BlackRock Funds: Equity Dividend Fund (MDDVX)
Click to Enlarge For investors seeking growth as well as income, BlackRock Equity Dividend Fund (MDDVX) is a solid choice that has a proven process that has worked well over time. This $28.7 billion fund had an off year in 2013, up just 24.3% in a market that rewarded growth and risk over dividends. But during the past decade, this fund has returned 8.5% on an annual basis, and ranks in the top 4% of its Morningstar peer group.
Patience is the watchword with this offering — turnover averages just 15% over the past year.
Manger Bob Shearer leads a team that looks for firms with solid balance sheets and the potential to increase dividends over time. This leads the fund into a strong commitment to financials, with 22% of the portfolio in names like JPMorgan Chase (JPM) and Wells Fargo (WFC). Industrials account for 15% of the fund, with General Electric a top holding in this sector. Energy firms are 14% of this portfolio, and Chevron (CVX) is a leading name in this space.
Fund expenses run 1%, or $100 for every $10,000 invested.