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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Unconstrained Equity Fund

MDEGX | Fund

$17.87

$958 M

0.00%

1.16%

Vitals

YTD Return

14.9%

1 yr return

23.3%

3 Yr Avg Return

14.6%

5 Yr Avg Return

9.6%

Net Assets

$958 M

Holdings in Top 10

54.5%

52 WEEK LOW AND HIGH

$18.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.16%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 83.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Unconstrained Equity Fund

MDEGX | Fund

$17.87

$958 M

0.00%

1.16%

MDEGX - Profile

Distributions

  • YTD Total Return 14.9%
  • 3 Yr Annualized Total Return 14.6%
  • 5 Yr Annualized Total Return 9.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock Unconstrained Equity Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Nov 04, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Constantis

Fund Description

The Fund seeks to achieve its investment objective through a fully managed investment policy utilizing global equity securities. For purposes of the Fund’s investment policies, equity securities include common stock, preferred stock, warrants, depositary receipts, and securities and other instruments whose price is linked to the value of common stock. The combination of equity securities will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. The Fund may also purchase convertible securities. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity and equity-related securities. This policy is a non-fundamental policy of the Fund and may not be changed without 60 days’ prior notice to the Fund’s shareholders. Investments in derivatives are counted toward the Fund’s 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities.
The Fund seeks to achieve its investment objective by investing in equity securities of corporate issuers (which may include corporations, partnerships, trusts or other corporate-like entities) located around the world. The Fund has no geographic limits on where its investments may be located. This flexibility allows Fund management to look for investments in markets around the world that it believes will provide the best relative returns to meet the Fund’s investment objective. The Fund may invest in the securities of companies of any market capitalization. The Fund may also invest in the securities of emerging growth companies.
The Fund is actively managed using an unconstrained investment style (i.e., it will not take a benchmark index into account when selecting the Fund’s investments). Fund management, in its sole discretion, may invest in securities that are not included in the MSCI World Index. The Fund’s portfolio holdings are expected to deviate materially from the MSCI World Index. The Fund may have exposure to a limited number of different investments, countries and/or sectors.
The Fund may use derivatives, including options, futures, swaps and forward contracts both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. In order to effectively manage cash flows into or out of the Fund, the Fund may buy and sell financial futures contracts or options on such contracts. Derivatives are financial instruments whose value is derived from another security, a commodity (such as oil or gas), a currency or an index.
The Fund may invest a portion of its assets in securities directly or indirectly secured by real estate or interests therein or issued by companies that invest in real estate or interests therein such as stock, bonds or convertible bonds issued by real estate investment trusts (“REITs”).
The Fund may invest in both developed and emerging markets. In addition to investing in foreign securities, the Fund may manage its exposure to foreign currencies through the use of forward currency contracts and other currency derivatives. However, foreign exchange risk is not expected to be systematically hedged. From time to time, the Fund may own foreign cash equivalents or foreign bank deposits as part of the Fund’s investment strategy. The Fund may also invest in non-U.S. currencies.
The Fund may invest in indexed and inverse securities.
The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the “Investment Company Act”), which means that it can invest more of its assets in fewer issuers than a diversified company.
Read More

MDEGX - Performance

Return Ranking - Trailing

Period MDEGX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.9% -35.6% 29.2% 29.08%
1 Yr 23.3% 17.3% 252.4% 41.36%
3 Yr 14.6%* -3.5% 34.6% 16.91%
5 Yr 9.6%* 0.1% 32.7% 32.35%
10 Yr 12.1%* -6.9% 18.3% 55.66%

* Annualized

Return Ranking - Calendar

Period MDEGX Return Category Return Low Category Return High Rank in Category (%)
2025 12.1% -24.3% 957.1% 64.78%
2024 7.3% -38.3% 47.1% 67.26%
2023 33.2% -54.2% 0.6% 25.71%
2022 -33.2% -76.0% 54.1% 46.12%
2021 -2.4% -26.1% 47.8% 95.22%

Total Return Ranking - Trailing

Period MDEGX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.9% -35.6% 29.2% 29.87%
1 Yr 23.3% 11.4% 252.4% 63.75%
3 Yr 14.6%* -3.5% 34.6% 25.06%
5 Yr 9.6%* 0.1% 32.7% 42.15%
10 Yr 12.1%* -6.9% 18.3% 63.64%

* Annualized

Total Return Ranking - Calendar

Period MDEGX Return Category Return Low Category Return High Rank in Category (%)
2025 12.1% -24.3% 957.1% 64.78%
2024 7.3% -33.1% 47.1% 67.89%
2023 33.2% -44.4% 1.8% 46.16%
2022 -20.5% -6.5% 54.1% 35.72%
2021 19.9% -14.4% 47.8% 97.61%

NAV & Total Return History

MDEGX - Holdings

Concentration Analysis

MDEGX Category Low Category High MDEGX % Rank
Net Assets 958 M 199 K 133 B 58.44%
Number of Holdings 33 1 9075 77.53%
Net Assets in Top 10 522 M -18 M 37.6 B 50.55%
Weighting of Top 10 54.48% 9.1% 100.0% 13.39%

Top 10 Holdings

  1. ASML Holding NV 7.62%
  2. Amazon.com, Inc. 6.98%
  3. Alphabet, Inc., Class C 6.42%
  4. Meta Platforms, Inc., Class A 5.24%
  5. Rolls-Royce Holdings plc 5.01%
  6. Trane Technologies plc 4.88%
  7. Microsoft Corp. 4.70%
  8. Broadcom, Inc. 4.66%
  9. Airbus SE 4.49%
  10. Visa, Inc., Class A 4.49%

Asset Allocation

Weighting Return Low Return High MDEGX % Rank
Stocks 		92.33% 61.84% 125.47% 14.21%
Cash 		7.63% -174.70% 23.12% 82.38%
Other 		0.04% -13.98% 19.14% 65.75%
Preferred Stocks 		0.00% -0.01% 5.28% 62.11%
Convertible Bonds 		0.00% 0.00% 4.46% 57.49%
Bonds 		0.00% -1.50% 161.67% 59.25%

Stock Sector Breakdown

Weighting Return Low Return High MDEGX % Rank
Financial Services 		26.35% 0.00% 38.42% 6.28%
Healthcare 		19.35% 0.00% 35.42% 12.89%
Technology 		18.67% 0.00% 49.87% 71.37%
Industrials 		12.86% 0.00% 44.06% 76.87%
Communication Services 		10.14% 0.00% 57.66% 31.50%
Consumer Cyclical 		7.65% 0.00% 40.94% 62.00%
Consumer Defense 		4.99% 0.00% 73.28% 24.12%
Utilities 		0.00% 0.00% 29.12% 87.00%
Real Estate 		0.00% 0.00% 39.48% 88.66%
Energy 		0.00% 0.00% 21.15% 84.36%
Basic Materials 		0.00% 0.00% 38.60% 93.61%

Stock Geographic Breakdown

Weighting Return Low Return High MDEGX % Rank
US 		67.93% 0.13% 103.82% 11.01%
Non US 		24.40% 0.58% 99.46% 87.11%

MDEGX - Expenses

Operational Fees

MDEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.16% 0.01% 44.27% 43.10%
Management Fee 0.79% 0.00% 1.82% 74.18%
12b-1 Fee 0.25% 0.00% 1.00% 37.03%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

MDEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 68.80%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MDEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 0.00% 395.00% 33.37%

MDEGX - Distributions

Dividend Yield Analysis

MDEGX Category Low Category High MDEGX % Rank
Dividend Yield 0.00% 0.00% 3.26% 57.00%

Dividend Distribution Analysis

MDEGX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

MDEGX Category Low Category High MDEGX % Rank
Net Income Ratio -0.10% -4.27% 12.65% 60.91%

Capital Gain Distribution Analysis

MDEGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

MDEGX - Fund Manager Analysis

Managers

Michael Constantis

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Michael is responsible for growth Pan-European portfolio management as well as covering telecom and technology stocks. Prior to joining BlackRock in 2005 he was at Deutsche Asset Management.

Alister Hibbert

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Alister Hibbert Managing Director of BlackRock, Inc. since 2010; Director of BlackRock, Inc. from 2008 to 2009; Portfolio manager at Scottish Widows Investment Partnership from 2005 to 2008; Previously, Hibbert is a portfolio manager and research analyst with Oeschle International from 2004 to 2005. Prior to joining the company, he worked as senior European portfolio manager at Invesco Perpetual Asset Management. He began his investment career when he joined the Group from 1996 to 2004 as an economist within the Continental European Equity team. Alister managed the INVESCO GT Continental European Fund and INVESCO GT Pan European Fund.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25

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