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Blackrock Enhanced Equity Divid Message Board

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  • lowriskincome lowriskincome Aug 19, 2012 11:56 AM Flag

    BDJ=Destroyer of Wealth

    More fees for Blackrock. Not only is BDJ a total loser since its IPO which Blackrock charges a 1.15% annual fee to run, look at BDJ's 10 top holdings:

    Top Holdings
    As of 4/30/2012 reported by fund sponsor
    Holding Value %Portfolio

    Blackrock Liquidity Temp 0.17 $53.20M 3.50%
    Chevron Corp $40.12M 2.64%
    JPMorgan Chase & Co $38.81M 2.56%
    Wells Fargo & Co $38.70M 2.55%
    Exxon Mobil Corporation $29.11M 1.92%
    Pfizer Inc $29.06M 1.91%
    BHP Billiton Ltd ADR $27.64M 1.82%
    Philip Morris International, Inc. $26.95M 1.77%
    Caterpillar Inc. $26.16M 1.72%
    International Business Machines Corp $24.60M 1.62%
    Home Depot, Inc. $23.66M 1.56%

    Blackrock Liquility Temp .17 is the #1 holding at 3.50% of BDJ so Blackrock gets additional fees for running the #1 holding. Shame on you BLACKROCK. Spend more time on running your fund for the investors benefit and less time on how you get more fees for BLACKROCK.

8.25-0.01(-0.12%)May 29 4:02 PMEDT