Mutual fund
BlackRock Equity Dividend Fund
TickerMADVX
Fund manager
BlackRock/iShares
Prison industrial complex grade: One or more holdings were flagged as higher risk by our prison industrial complex screen, making up over 2% of the portfolio. Assigned a grade of F.
F
$3.54 BILLION
Prison industrial complex
14
flagged holdings
18%
of assets flagged
Data as of 1/31/23
Flagged investments:
$3.54 BILLION, 18% of assets
Higher risk:
$689.01 MILLION, 3.47% of assets
 Private prison operators:
$0, 0% of assets
For each prison industrial complex category, click to see the breakdown of flagged holdings.
Prison industry
Prison industry
Incarceration and detention facilities, services in facilities, supervision and monitoring
9
holdings
$2.77B
invested
14%
of portfolio
Border industry
Border industry
Incarceration and detention facilities, immigrant monitoring and surveillance, militarization of the U.S.-Mexico border
12
holdings
$3.08B
invested
16%
of portfolio
All flagged holdings
14 holdings
14 holdings
  • 1.  Wells Fargo & Co
    Prison industryBorder industry
    $642.57M
    3.24%
  • 2.  General Motors Co
    Prison industryBorder industry
    $440.86M
    2.22%
  • 3.  Microsoft Corp
    Prison industryBorder industry
    $368.95M
    1.86%
  • 4.  Bank of America Corp
    Prison industryBorder industry
    $318.4M
    1.6%
  • 5.  JPMorgan Chase & Co
    Prison industryBorder industry
    $308.55M
    1.56%
Higher risk
Private prison operator
See all
BlackRock Equity Dividend Fund $MADVX has $3.54 BILLION invested in 14 companies involved in the prison industrial complex, amounting to 18% of fund assets
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Financial performance
Performance data provided byMorningstarFind more financial data on MADVX at Morningstar.com
Current fund
MADVX
BlackRock Equity Dividend Fund
Family
BlackRock/iShares
Category
Large Value
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-2.35% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.52% more invested
More invested in higher risk companies, border industry 
1.89% more invested
More invested in higher risk companies 
1.89% more invested
Less invested in all screened prison industry companies 
1.37% less invested
Less invested in all screened border industry companies 
3.54% less invested
Less invested in all screened companies 
4.73% less invested
Current fund
MADVX
BlackRock Equity Dividend Fund
Family
BlackRock/iShares
Category
Large Value
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-2.35% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.52% more invested
More invested in higher risk companies, border industry 
1.89% more invested
More invested in higher risk companies 
1.89% more invested
Less invested in all screened prison industry companies 
1.37% less invested
Less invested in all screened border industry companies 
3.54% less invested
Less invested in all screened companies 
4.73% less invested
Current fund
MADVX
BlackRock Equity Dividend Fund
Family
BlackRock/iShares
Category
Large Value
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 2/28/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-2.35% less in annualized returns
Same in private prison operators 
Both 0% invested
More invested in higher risk companies, prison industry 
0.52% more invested
More invested in higher risk companies, border industry 
1.89% more invested
More invested in higher risk companies 
1.89% more invested
Less invested in all screened prison industry companies 
1.37% less invested
Less invested in all screened border industry companies 
3.54% less invested
Less invested in all screened companies 
4.73% less invested
Month-end trailing returns  
Annualized returns
Flagged investments
1-yr
3-yr
5-yr
10-yr
Private prison operators
This fund
MADVX - BlackRock Equity Dividend Fund
-2.16%
12%
7.9%
9.86%
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
-7.72%
12%
9.79%
12%
0% 
Fund compared to benchmark
 
5.56%
-0.44%
-1.89%
-2.35%
Same
Find more financial data on MADVX at Morningstar.com
What's next?
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Action toolkit
Ask your employer about adding prison industrial complex-free options to your retirement plan
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