Multi Asset

BIMPX

40/60 Target Allocation Fund

Overview

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Performance

Performance

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Distributions

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  1y 3y 5y 10y
14.74 8.79 8.46 8.00
Benchmark (%) 12.83 8.39 8.48 6.94
Morningstar Category Avg. (%) 8.86 5.95 6.89 5.97
Morningstar Ranking 23/549 15/524 38/461 11/280
Morningstar Quartile 1 1 1 1
Lipper Category Avg. (%) 10.22 6.89 8.05 6.94
Lipper Ranking 86/574 96/536 188/486 80/361
Lipper Quartile 1 1 2 1
  YTD 1m 3m 1y 3y 5y 10y
14.74 2.53 7.87 14.74 28.75 50.11 115.86
Benchmark (%) 12.83 2.08 6.45 12.83 27.35 50.26 95.66
Morningstar Category Avg. (%) 8.86 2.39 7.53 8.86 18.92 39.53 78.55
Lipper Category Avg. (%) 10.22 2.81 8.88 10.22 22.30 47.66 97.46
  2016 2017 2018 2019 2020
Total Return (%) 4.31 11.77 -3.80 16.65 14.74
Benchmark (%) 5.88 11.43 -3.18 16.58 12.83
Morningstar Category Avg. (%) 6.62 9.86 -5.04 14.81 8.86
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The Fund's returns prior to June 3, 2015 are the returns of the Fund when it followed different investment strategies under the name "BlackRock Moderate Prepared Portfolio."

Key Facts

Key Facts

Size of Class (Millions) as of Mar 03, 2021 $189.5 M
Size of Fund (Millions) as of Mar 03, 2021 $596.6 M
Share Class launch date Dec 21, 2006
Asset Class MultiAsset
Morningstar Category Allocation--30% to 50% Equity
Lipper Classification Mixed-Asset Target Allocation Moderate
Benchmark Index 28% MSCI ACWI Index, 12% MSCI US Index, 60% Barclays US Universal Index
CUSIP 09256H740
Distribution Frequency Annual
Number of Holdings as of Jan 29, 2021 16
Max Offer Price as of Mar 03, 2021 $13.36
Open to New Investors Yes
Turnover Percent in the Annual Report 98%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of Jan 29, 2021 $ 17,323.8 M
Yield to Worst as of Jan 29, 2021 1.14%
Fund Sharpe Ratio (3y) as of Feb 28, 2021 0.77
Effective Duration as of Jan 29, 2021 3.15 yrs
Alpha (3y) as of Feb 28, 2021 0.02
R-Squared (3y) as of Feb 28, 2021 98.69
Beta (3y) as of Feb 28, 2021 1.04
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 11.07%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -8.11%
Fund Standard Deviation (3y) as of Feb 28, 2021 8.53
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Feb 05, 2021 BBB
MSCI ESG Quality Score (0-10) as of Feb 05, 2021 5.7
MSCI ESG Quality Score - Peer Percentile as of Feb 05, 2021 52.90%
MSCI ESG % Coverage as of Feb 05, 2021 76.39%
Fund Lipper Global Classification as of Feb 05, 2021 Mixed Asset USD Bal - US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Feb 05, 2021 174.62
Funds in Peer Group as of Feb 05, 2021 276
All data is from MSCI ESG Fund Ratings as of Feb 05, 2021, based on holdings as of Oct 31, 2020. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Jan 29, 2021 0.13%
MSCI - UN Global Compact Violators as of Jan 29, 2021 0.57%
MSCI - Nuclear Weapons as of Jan 29, 2021 0.11%
MSCI - Thermal Coal as of Jan 29, 2021 0.08%
MSCI - Civilian Firearms as of Jan 29, 2021 0.07%
MSCI - Oil Sands as of Jan 29, 2021 0.02%
MSCI - Tobacco as of Jan 29, 2021 0.21%

Business Involvement Coverage as of Jan 29, 2021 46.73%
Percentage of Fund not covered as of Jan 29, 2021 53.27%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.33% and for Oil Sands 0.39%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.52%
Net Expense Ratio 0.34%

Net Expense Ratio excluding Investment Related Expenses is 0.09%

  • Acquired Fund Fees and Expenses 0.25%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for 40/60 Target Allocation Fund, Class Inst, as of Feb 28, 2021 rated against 517 Allocation--30% to 50% Equity Funds based on risk adjusted total return.

Lipper Leader

 
 
 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Jan 31, 2021 out of 540, 4,536, 542, 274 and 542 Funds, respectively in Lipper's Mixed-Asset Target Allocation Moderate classification.

Holdings

Holdings

as of Jan 29, 2021
Name Weight (%)
BLACKROCK TOTAL RETURN FUND MOD 25.03
STRATEGIC INCOME OPPORTUNITIES FUN 10.12
ISHARES CORE S&P TOTAL U.S. STOCK 9.87
ISHARES US TREASURY BOND ETF 9.43
iShares ESG Aware MSCI USA ETF 7.92
Name Weight (%)
ISHARES CORE TOTAL USD BOND MARKET 7.06
ISHARES MSCI EAFE GROWTH ETF 4.77
ISHARES FALLEN ANGELS USD BOND ETF 4.02
iShares MSCI USA Value Factor ETF 3.98
EMERGING MARKETS FUND INVK 3.97

Top Holdings


Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2020

% of Market Value

Type Fund
as of Jan 29, 2021

% of Market Value

Type Fund
as of Dec 31, 2020

% of Market Value

Type Fund
Allocations subject to change.
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Exposure Breakdowns


Portfolio Managers

Portfolio Managers

Michael Gates, CFA
Michael Gates, CFA, Head of Model Portfolio Solutions for Multi-Asset Strategies & Solutions

Michael Gates, CFA, is the lead portfolio manager for Target Allocation Models in the Americas.

Lisa O'Connor
Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions

  

Portfolio Manager

Literature

Literature

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