Fund Evaluator:

BlackRock Advantage Large Cap Val Inv A Overview

BlackRock Advantage Large Cap Val Inv A (MDLVX) is an actively managed U.S. Equity Large Value fund. BlackRock launched the fund in 1999.

The investment seeks long-term capital growth. The fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in large cap value equity securities of U.S. issuers and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. The adviser primarily intends to invest in equity securities, which include common stock and preferred stock, or other financial instruments that are components of, or have characteristics similar to, the securities included in the Value Indices.

About BlackRock Advantage Large Cap Val Inv A (MDLVX)

There are 3 members of the management team with an average tenure of 9.14 years: Travis Cooke (2017), Richard Mathieson (2017), Raffaele Savi (2017). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. BlackRock Advantage Large Cap Val Inv A has 327 securities in its portfolio. The top 10 holdings constitute 28.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

BlackRock Advantage Large Cap Val Inv A is part of the Equity global asset class and is within the U.S. Equity fund group. BlackRock Advantage Large Cap Val Inv A has 1.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.5%. There is 1.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BlackRock Advantage Large Cap Val Inv A has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $485 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MDLVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BlackRock Advantage Large Cap Val Inv A expense ratio is above average compared to funds in the Large Value category. BlackRock Advantage Large Cap Val Inv A has an expense ratio of 0.79%, which is 15% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. BlackRock Advantage Large Cap Val Inv A has a portfolio turnover rate of 120%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, BlackRock Advantage Large Cap Val Inv A returned 4.1%, which earned it a grade of B, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

BlackRock Advantage Large Cap Val Inv A has a trailing yield of 0.88%, which is below the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

BlackRock Advantage Large Cap Val Inv A Grades

Year to date, the fund has returned 23.2%, 8.9 percentage points better than the category, which translates into a grade of A. The fund has returned 37.6% over the past year (grade of A), 20.5% over the past three years (grade of A) and 12.9% per year over the past five years (grade of A) and 12.9% per year over the past 10 years (grade of A).

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