- ISIN
- US09251W4033
- CUSIP
- 09251W403
- Issuer
- BlackRock
- Inception Date
- Nov 3, 2005
- Category
- Global Equities
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MAEGX Performance Chart
BlackRock Unconstrained Equity Fund (MAEGX) is up 13.4% since the beginning of the year. MAEGX is currently trading at $17 per share. Investors who bought $1,000 worth of MAEGX shares 5 years ago would now be looking at an investment worth $1,520.
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Returns By Period
BlackRock Unconstrained Equity Fund (MAEGX) has returned 13.36% so far this year and 16.70% over the past 12 months. Over the last ten years, MAEGX has returned 12.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
BlackRock Unconstrained Equity Fund
- 1D
- 2.38%
- 1M
- -3.48%
- 6M
- 10.41%
- YTD
- 13.36%
- 1Y
- 16.70%
- 3Y*
- 13.20%
- 5Y*
- 8.73%
- 10Y*
- 12.48%
- ALL TIME*
- 9.58%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MAEGX Monthly Returns History
Based on dividend-adjusted daily data since Nov 4, 2005, MAEGX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +17.0%, while the worst month was Oct 2008 at -15.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MAEGX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.68% | 0.43% | -7.66% | 16.99% | 4.12% | 2.75% | -4.88% | 13.36% | |||||
| 2025 | 4.94% | -2.59% | -8.82% | 2.15% | 8.94% | 5.31% | 1.57% | -1.61% | 2.29% | 3.07% | -0.93% | -1.51% | 12.30% |
| 2024 | 3.54% | 5.58% | 2.32% | -6.19% | 3.08% | 2.92% | -3.53% | 3.73% | -0.07% | -4.63% | 3.99% | -2.51% | 7.62% |
| 2023 | 10.99% | -2.50% | 8.06% | 2.37% | 0.77% | 4.09% | 0.33% | -1.55% | -6.04% | -1.94% | 10.87% | 5.27% | 33.37% |
| 2022 | -7.36% | -1.63% | 1.43% | -9.82% | -2.89% | -7.31% | 13.51% | -7.12% | -10.14% | 6.45% | 10.82% | -4.88% | -20.23% |
| 2021 | -3.02% | 3.95% | 3.33% | 5.80% | 0.85% | 2.42% | 1.70% | 2.62% | -3.62% | 4.59% | -4.06% | 5.07% | 20.72% |
Benchmark Metrics
BlackRock Unconstrained Equity Fund has an annualized alpha of 1.46%, beta of 0.89, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since November 04, 2005.
- With beta of 0.89 and R2 of 0.86, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.46%
- Beta
- 0.89
- R²
- 0.86
- Upside Capture
- 102.50%
- Downside Capture
- 100.42%
Expense Ratio
MAEGX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MAEGX ranks 22 for risk / return — above 22% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for BlackRock Unconstrained Equity Fund (MAEGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAEGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.00 | -0.82 |
| Martin ratioReturn relative to average drawdown | 4.58 | 8.49 | -3.91 |
Dividends
Dividend History
BlackRock Unconstrained Equity Fund provided a 6.34% dividend yield over the last twelve months, with an annual payout of $1.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.06 | $0.00 | $0.00 | $0.00 | $1.77 | $3.31 | $1.56 | $1.64 | $0.98 | $0.53 | $0.10 | $0.95 |
Dividend yield | 6.34% | 0.00% | 0.00% | 0.00% | 18.13% | 22.75% | 10.44% | 12.01% | 8.53% | 4.06% | 0.93% | 8.22% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Unconstrained Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.72 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $3.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Unconstrained Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Unconstrained Equity Fund was 48.71%, occurring on Mar 9, 2009. Recovery took 969 trading sessions.
The current BlackRock Unconstrained Equity Fund drawdown is 5.38%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-48.71%Mar 2009 | 9mo 23d | 3y 10mo | 4y 7moMay 2008 - Jan 2013 | Financial crisis2007–2009 |
-31.93%Mar 2020 | 2mo 2d | 4mo 15d | 6mo 17dJan 2020 - Aug 2020 | COVID crash2020 |
-31.26%Oct 2022 | 11mo 8d | 9mo 2d | 1y 8moNov 2021 - Jul 2023 | Bear market2022 |
-22.38%Feb 2016 | 6mo 26d | 1y 7mo | 2y 1moJul 2015 - Sep 2017 | — |
-21.12%Apr 2025 | 2mo 11d | 1mo 29d | 4mo 10dJan 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| MAEGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -56.78% | +8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -9.10% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -18.90% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -25.43% | -5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.93% | -33.92% | +1.99% |
Current DrawdownCurrent decline from peak | -5.38% | -1.58% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -10.70% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.14% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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