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.