# BlackRock Unconstrained Equity Fund (MDEGX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mdegx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BlackRock · Asset class: Equity - Strategy: Actively Managed · Inception: 2005-11-04 This fund aims to achieve its financial targets through an actively managed strategy, investing in a variety of equity instruments from around the world. Its definition of equity securities is broad, including common and preferred shares, convertible debt instruments, warrants, depositary receipts, and other financial tools whose value is linked to ordinary stock prices. Under typical market conditions, the fund commits at least 80% of its total assets to these equities and equity-related holdings. It's important to note that this portfolio is structured as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $16.24 | | Expense Ratio | 1.19% | | Assets Under Management | $905.5M | | NAV | $16.40 | | Holdings Count | 22 | | Distribution Yield (TTM) | 6.55% | | Annual Distribution (TTM) | $1.06 /share | | Distribution Frequency | Irregular | | 52-Week Range | $14.23 – $18.61 | | Beta | 1.27 | ## Latest Distribution - Amount: $1.0634 /share - Ex-date: 2026-07-22 - Pay date: 2026-07-23 ## Frequently Asked Questions ### What does MDEGX invest in? This fund aims to achieve its financial targets through an actively managed strategy, investing in a variety of equity instruments from around the world. Its definition of equity securities is broad, including common and preferred shares, convertible debt instruments, warrants, depositary receipts, and other financial tools whose value is linked to ordinary stock prices. Under typical market conditions, the fund commits at least 80% of its total assets to these equities and equity-related holdings. It's important to note that this portfolio is structured as non-diversified. ### What is the expense ratio of MDEGX? BlackRock Unconstrained Equity Fund (MDEGX) charges an expense ratio of 1.19%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MDEGX? BlackRock Unconstrained Equity Fund (MDEGX) manages $905.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MDEGX actively managed or an index fund? MDEGX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MDEGX's is 1.19%) in exchange for the discretion to over- or under-weight positions. ### When was MDEGX launched? BlackRock Unconstrained Equity Fund (MDEGX) launched in November 2005 and is managed by BlackRock. ### How has MDEGX performed? MDEGX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MDEGX pay a dividend? BlackRock Unconstrained Equity Fund (MDEGX) currently distributes little or no income. Trailing-twelve-month yield is 6.55%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MDEGX pay dividends? BlackRock Unconstrained Equity Fund pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MDEGX's dividend yield? MDEGX's trailing-twelve-month yield is 6.55%, calculated from the sum of dividends over the past year divided by the current price. ### When is MDEGX's next ex-dividend date? The most recently announced ex-dividend date for MDEGX was 2026-07-22. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will MDEGX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MDEGX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MDEGX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MDEGX cost more than a fund like VOO? MDEGX is actively managed (current expense ratio 1.19%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MDEGX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MDEGX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MDEGX (1.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mdegx - Distribution history: https://www.dividenddata.com/funds/mdegx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mdegx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mdegx/expenses - Peer comparison: https://www.dividenddata.com/funds/mdegx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.