Multi Asset

MDCPX

Sustainable Balanced Fund

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
13.86 4.06 5.78 7.60
7.88 2.21 4.65 7.03
Benchmark (%) 12.50 2.11 4.21 5.18
Morningstar Category Avg. (%) 10.58 3.65 4.41 5.74
Morningstar Ranking 86/746 205/689 95/653 43/487
Morningstar Quartile 1 2 1 1
Lipper Category Avg. (%) 13.21 4.55 4.82 6.29
Lipper Ranking 185/472 249/437 74/418 37/340
Lipper Quartile 2 3 1 1
  YTD 1m 3m 1y 3y 5y 10y
6.25 -3.50 -3.62 13.86 12.69 32.47 108.12
0.67 -8.57 -8.68 7.88 6.78 25.51 97.22
Benchmark (%) 5.50 -3.50 -3.31 12.50 6.45 22.91 65.65
Morningstar Category Avg. (%) 4.58 -3.32 -2.67 10.58 11.35 24.05 74.68
Lipper Category Avg. (%) 5.43 -3.65 -3.12 13.21 14.40 26.74 85.18
  2018 2019 2020 2021 2022
Total Return (%) -3.41 21.57 15.12 16.32 -15.69
Benchmark (%) -2.59 22.16 16.29 14.62 -16.02
Morningstar Category Avg. (%) -5.76 19.23 11.72 13.89 -13.64

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 April 8, 2022 are the returns of the Fund when it followed  different investment strategies and investment process under the name “BlackRock Balanced Capital Fund, Inc.”  Effective on or about April 8, 2022, in connection with its change in investment strategies and investment process, the Fund removed the customized weighted index comprised of the returns of the Russell 1000® Index (60%) and the Bloomberg U.S. Aggregate Bond Index (40%) and added the customized weighted index comprised of the returns of the MSCI All Country World Index (60%) and the Bloomberg U.S. Aggregate Bond Index (40%) as the performance benchmark against which the Fund measures its performance.

Key Facts

Key Facts

Size of Class (Millions) as of Nov 29, 2023 $847.7 M
Size of Fund (Millions) as of Nov 29, 2023 $1,497.6 M
Share Class launch date Oct 21, 1994
Asset Class MultiAsset
Morningstar Category Moderate Allocation
Lipper Classification Mixed-Asset Target Allocation Growth
Benchmark Index 60% MSCI All Country World Index/40% Bloomberg U.S. Aggregate Bond Index
CUSIP 09251C100
Distribution Frequency Semi-Annual
Number of Holdings as of Oct 31, 2023 1,116
Max Offer Price as of Nov 29, 2023 $25.09
Open to New Investors Yes
Turnover Percent in the Annual Report 152%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of Oct 31, 2023 $ 458,286.0 M
Fund Sharpe Ratio (3y) as of Apr 30, 2022 0.63
Alpha (3y) as of Apr 30, 2022 -0.05
R-Squared (3y) as of Apr 30, 2022 99.06
Beta (3y) as of Apr 30, 2022 1.05
Best 3-Month Return Over the Last 3 Years 3 months ending Jan 31, 2021 9.63%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2022 -11.04%
Fund Standard Deviation (3y) as of Apr 30, 2022 12.87
Effective Duration as of Oct 31, 2023 1.97 yrs
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 provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund seeks to follow a sustainable, impact or ESG investment strategy, as disclosed in its prospectus. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of Oct 25, 2023 AA
MSCI ESG % Coverage as of Oct 25, 2023 76.27%
MSCI ESG Quality Score (0-10) as of Oct 25, 2023 7.1
MSCI ESG Quality Score - Peer Percentile as of Oct 25, 2023 96.54%
Fund Lipper Global Classification as of Oct 25, 2023 Mixed Asset USD Aggressive
Funds in Peer Group as of Oct 25, 2023 376
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 25, 2023 63.70
MSCI Weighted Average Carbon Intensity % Coverage as of Oct 25, 2023 71.50%
All data is from MSCI ESG Fund Ratings as of Oct 25, 2023, based on holdings as of Apr 30, 2023. 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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.

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. 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 Oct 31, 2023 0.03%
MSCI - UN Global Compact Violators as of Oct 31, 2023 0.00%
MSCI - Nuclear Weapons as of Oct 31, 2023 0.01%
MSCI - Thermal Coal as of Oct 31, 2023 0.00%
MSCI - Civilian Firearms as of Oct 31, 2023 0.00%
MSCI - Oil Sands as of Oct 31, 2023 0.00%
MSCI - Tobacco as of Oct 31, 2023 0.02%

Business Involvement Coverage as of Oct 31, 2023 76.74%
Percentage of Fund not covered as of Oct 31, 2023 23.26%
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 0.08% and for Oil Sands 1.58%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the research and underlying strategy due diligence phases of the investment process. This may include third party and internal considerations, as defined by the portfolio management team. Internal considerations may include exposures to climate and disaster events, as well as sovereign social and governance concerns. Where appropriate, the portfolio management team also analyzes ESG exposures and investment characteristics within underlying strategies. These criteria are part of a number of considerations that factor into investment decisions. The Fund manager may include ESG criteria in the ongoing monitoring of the overall portfolio, including underlying strategies as well as tactical positioning. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. Where appropriate, these reviews include discussion of the portfolio’s exposure to material ESG risks.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.81%
Net Expense Ratio 0.80%

Net Expense Ratio excluding Investment Related Expenses is 0.79%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Sustainable Balanced Fund, Class A, as of Oct 31, 2023 rated against 703 Moderate Allocation 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 Oct 31, 2023 out of 444, 4,573, 445, 116 and 445 Funds, respectively in Lipper's Mixed-Asset Target Allocation Growth classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. (Effective Dec 13, 2022)

Holdings

Holdings

Name Weight (%) Shares Market Value
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Top Holdings

Portfolio Managers

Portfolio Managers

Philip Green
Head of Global Tactical Asset Allocation Team

  

Anna Hawley, CFA
BlackRock Systematic Active Equity Investment Team
Richard Mathieson
BlackRock Systematic Active Equity Investment Team
Michael Pensky, CFA
Global Tactical Asset Allocation Team

   

Scott Radell
Senior portfolio manager and Co-Head of BlackRock's Systematic Fixed Income

  

Dan Felder
Global Tactical Asset Allocation Team

   

Jasmita Mohan
Portfolio Manager, Systematic Fixed Income

 

 

Raffaele Savi
BlackRock Systematic Active Equity Investment Team
Portfolio Manager

Literature

Literature

 

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