Multi Asset

BCAT

BlackRock Capital Allocation Trust

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
- - - -
Market Price (%) - - - -
  YTD 1m 1y 3y 5y 10y Incept.
6.69 - - - - - 12.85
Market Price (%) 3.50 - - - - - 13.21
  2016 2017 2018 2019 2020
Total Return (%) - - - - -

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, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

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 may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets as of Sep 23, 2021 $2,406,529,868
Size of Fund (Millions) as of Sep 23, 2021 $2,406.5 M
Share Class launch date Sep 25, 2020
Exchange New York Stock Exchange Inc.
Asset Class MultiAsset
Morningstar Category -
Lipper Classification Global Funds
CUSIP 09260U109
Management Fee as of Dec 31, 2020 1.25%
Gross Expense Ratio as of Dec 31, 2020 1.38%
Shares Outstanding as of Sep 23, 2021 112,525,352
Number of Holdings as of Aug 31, 2021 878
Managed Assets $3,008,023,734.09
Premium Discount as of Sep 23, 2021 -5.61

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate as of Sep 23, 2021 6.19%
Average Market Cap (Millions) as of Aug 31, 2021 $ 290,100.6 M
Yield to Worst 2.70%
Effective Duration 0.70 yrs
% Leveraged 17.43%
Type of Options Single Stock, Index
% Overwritten as of Jun 30, 2021 9.20

Sustainability Characteristics

Sustainability Characteristics

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. MSCI Ratings are currently unavailable for this fund.

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 Aug 31, 2021 0.00%
MSCI - UN Global Compact Violators as of Aug 31, 2021 1.29%
MSCI - Nuclear Weapons as of Aug 31, 2021 0.00%
MSCI - Thermal Coal as of Aug 31, 2021 0.00%
MSCI - Civilian Firearms as of Aug 31, 2021 0.05%
MSCI - Oil Sands as of Aug 31, 2021 0.00%
MSCI - Tobacco as of Aug 31, 2021 0.00%

Business Involvement Coverage as of Aug 31, 2021 51.86%
Percentage of Fund not covered as of Aug 31, 2021 48.15%
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 0.39% and for Oil Sands 0.41%.

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Global Allocation Investment Team believes that a company’s ability to manage material environmental, social and governance (“ESG”) issues may be essential to the company’s ability to sustain growth and generate value for shareholders over the long term, and thus ESG performance indicators are considered as part of our investment process. For long-term investors like Global Allocation, incorporating ESG information into its research and investment decisions has been, and remains, very important to our fundamental investment process and our goal of seeking to maximize risk-adjusted returns.


The team analyzes ESG data when conducting research and due diligence on new investments, and when monitoring existing investments within the portfolio. The team’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Holdings

Holdings

as of Aug 31, 2021
Name Weight (%)
MICROSOFT CORP 1.93
ALPHABET INC CLASS C 1.16
JOHNSON & JOHNSON 0.95
UNITEDHEALTH GROUP INC 0.90
ENBRIDGE INC 0.81
Name Weight (%)
AMAZON COM INC 0.77
BOSTON SCIENTIFIC CORP 0.75
UNITED PARCEL SERVICE INC CLASS B 0.71
ABBVIE INC 0.68
ABBOTT LABORATORIES 0.67
as of Aug 31, 2021
Name Weight (%)
SPDR BLOOMBERG BARCLAYS HIGH YIELD 0.88
INVESCO SENIOR LOAN ETF 0.60
SPDR BLACKSTONE SENIOR LOAN ETF 0.60
SPAIN (KINGDOM OF) 3.45 07/30/2066 0.53
WESTERN ALLIANCE CLN M 144A 0.51
Name Weight (%)
GALAXY UNIVERSAL LLC TL Prvt 0.49
SLST_20-2 M1 144A 0.43
SPAIN (KINGDOM OF) 0.5 10/31/2031 0.40
BALLYS CORPORATION TL-B 0.38
NRZT_19-RPL2 B3 144A 0.38

Exposure Breakdowns

Exposure Breakdowns

as of Aug 31, 2021

% of Net Assets

Type Fund Benchmark Net
Allocations subject to change.
as of Aug 31, 2021

% of Net Assets

Type Fund Benchmark Net
as of Aug 31, 2021

% of Net Assets

Type Fund
as of Aug 31, 2021

% of Net Assets

Type Fund
as of Jun 30, 2021

% of Net Assets

Type Fund
as of Aug 31, 2021

% of Net Assets

Type Fund Benchmark Net
as of Jun 30, 2021

% of Net Assets

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Sorry, market cap data is not available at this time.

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.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Portfolio Managers

Portfolio Managers

Rick Rieder

        

David Clayton, CFA, JD

  

Russ Koesterich, CFA, JD

        

Portfolio Manager

Literature

Literature

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