Multi Asset


Balanced Capital Fund





Growth of Hypothetical $10,000

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  1y 3y 5y 10y
12.08 8.88 9.92 9.68
6.20 6.94 8.74 9.10
Benchmark (%) 13.06 9.92 10.35 9.86
Morningstar Category Avg. (%) 4.13 4.99 6.24 7.14
Morningstar Ranking 98/615 88/581 57/528 43/391
Morningstar Quartile 1 1 1 1
Lipper Category Avg. (%) 7.44 5.92 7.94 7.93
Lipper Ranking 70/468 52/444 43/408 36/304
Lipper Quartile 1 1 1 1
  YTD 1m 3m 1y 3y 5y 10y
6.43 -2.36 6.02 12.08 29.09 60.49 152.04
0.85 -7.49 0.46 6.20 22.30 52.07 138.81
Benchmark (%) 7.23 -2.21 5.96 13.06 32.80 63.64 156.20
Morningstar Category Avg. (%) 0.26 -1.28 -0.06 4.13 15.72 35.35 99.40
Lipper Category Avg. (%) 1.40 -2.16 5.61 7.44 19.11 46.97 116.36
  2015 2016 2017 2018 2019
Total Return (%) 0.15 8.20 14.24 -3.41 21.57
Benchmark (%) 1.00 8.37 14.13 -2.59 22.16
Morningstar Category Avg. (%) -1.93 7.34 13.21 -5.76 19.23
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 performance information for periods prior to the inception date of the share class is based on the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

Key Facts

Key Facts

Size of Class (Millions) as of Nov 25, 2020 $786.5 M
Size of Fund (Millions) as of Nov 25, 2020 $1,593.1 M
Share Class launch date Oct 21, 1994
Asset Class MultiAsset
Morningstar Category Allocation--50% to 70% Equity
Lipper Classification Mixed-Asset Target Allocation Growth
Benchmark Index 60% Russell 1000 Index, 40% BBG Barc Aggregate Index
CUSIP 09251C100
Distribution Frequency Semi-Annual
Number of Holdings as of Oct 30, 2020 3
Max Offer Price as of Nov 25, 2020 $27.58
Open to New Investors Yes
Turnover Percent in the Annual Report 4%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of Oct 30, 2020 $ 81,594.1 M
Fund Sharpe Ratio (3y) as of Oct 31, 2020 0.53
Alpha (3y) as of Oct 31, 2020 -0.15
R-Squared (3y) as of Oct 31, 2020 99.06
Beta (3y) as of Oct 31, 2020 1.09
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 15.44%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -13.04%
Fund Standard Deviation (3y) as of Oct 31, 2020 12.15
Effective Duration as of Oct 30, 2020 1.84 yrs
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.



as of current prospectus
Gross Expense Ratio 1.09%
Net Expense Ratio 0.82%

Net Expense Ratio excluding Investment Related Expenses is 0.54%

  • Acquired Fund Fees and Expenses 0.28%
  • Interest expense 0.00%



Morningstar Rating

Overall Morningstar Rating for Balanced Capital Fund, Class A, as of Oct 31, 2020 rated against 615 Allocation--50% to 70% 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 Oct 31, 2020 out of 440, 4,467, 441, 127 and 441 Funds, respectively in Lipper's Mixed-Asset Target Allocation Growth classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Aug 21, 2020)

Top Holdings

Portfolio Managers

Portfolio Managers

Philip Green
Managing Director, Head of Global Tactical Asset Allocation


Travis Cooke
BlackRock Systematic Active Equity Investment Team
Richard Mathieson
BlackRock Systematic Active Equity Investment Team
Bob Miller
Head of U.S. Multi-Sector Fixed Income


Rick Rieder
Chief Investment Officer of Global Fixed Income and Head of the Global Allocation Team

Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business, and Head of the Global Allocation Investment Team. Mr. Rieder is a member of BlackRock’s Executive Sub-Committee on Investments, a member of BlackRock's Global Operating Committee, and Chairman of the firm-wide BlackRock Investment Council.


Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and is currently a member of the Federal Reserve Investment Advisory Committee on Financial Markets.


Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013. Four of the funds Mr. Rieder manages (Strategic Income Opportunities, Fixed Income Global Opportunities, Total Return, and Strategic Global Bond) have been awarded Gold Medals by Morningstar.


From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.


Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the business school's BBA investment fund and community financial literacy program.


Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, New Jersey, and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation, and Trustee for the US Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

David Rogal
Managing Director



Raffaele Savi
BlackRock Systematic Active Equity Investment Team
Portfolio Manager




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