The pending retirement of BlackRock Equity Dividend’s longtime lead manager and a replacement from outside the firm creates some uncertainty here, leading to a People rating downgrade to Average from Above Average. But incoming lead manager Cem Inal plans to stick to the winning process, warranting some optimism that this strategy can continue to deliver. The Process rating remains at Above Average, keeping this strategy in the attractive range, depending on fees.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCDVX’s performance objective and investment process is for both security selection and portfolio construction.
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