Multi Asset

MCCPX

Balanced Capital 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
34.84 10.56 10.45 8.83
33.84 10.56 10.45 8.83
Benchmark (%) 33.88 12.58 11.38 9.92
Morningstar Category Avg. (%) 36.90 9.72 9.70 7.99
Morningstar Ranking 341/666 189/641 180/574 134/412
Morningstar Quartile 3 2 2 2
Lipper Category Avg. (%) 41.23 10.25 10.44 8.36
Lipper Ranking 350/449 195/432 217/404 125/291
Lipper Quartile 4 2 3 2
  YTD 1m 3m 1y 3y 5y 10y
2.41 1.95 2.41 34.84 35.14 64.39 133.12
1.41 0.95 1.41 33.84 35.14 64.39 133.12
Benchmark (%) 2.15 1.77 2.15 33.88 42.67 71.38 157.48
Morningstar Category Avg. (%) 4.21 2.24 4.21 36.90 32.07 58.84 115.64
Lipper Category Avg. (%) 4.24 2.28 4.24 41.23 34.16 64.63 124.71
  2016 2017 2018 2019 2020
Total Return (%) 7.43 13.35 -4.09 20.61 14.25
Benchmark (%) 8.37 14.13 -2.59 22.16 16.29
Morningstar Category Avg. (%) 7.34 13.21 -5.76 19.23 11.72
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 Jun 23, 2021 $136.9 M
Size of Fund (Millions) as of Jun 23, 2021 $1,808.3 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 09251C308
Distribution Frequency Semi-Annual
Number of Holdings as of May 28, 2021 3
Max Offer Price as of Jun 23, 2021 $23.65
Open to New Investors Yes
Turnover Percent in the Annual Report 4%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of May 28, 2021 $ 88,054.6 M
Fund Sharpe Ratio (3y) as of May 31, 2021 0.82
Alpha (3y) as of May 31, 2021 -0.22
R-Squared (3y) as of May 31, 2021 99.50
Beta (3y) as of May 31, 2021 1.09
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 15.25%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -13.23%
Fund Standard Deviation (3y) as of May 31, 2021 12.70
Effective Duration as of May 28, 2021 2.33 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 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 Jun 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jun 07, 2021 6.4
MSCI ESG Quality Score - Peer Percentile as of Jun 07, 2021 89.89%
MSCI ESG % Coverage as of Jun 07, 2021 85.37%
Fund Lipper Global Classification as of Jun 07, 2021 Mixed Asset USD Aggressive
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jun 07, 2021 137.78
Funds in Peer Group as of Jun 07, 2021 376
All data is from MSCI ESG Fund Ratings as of Jun 07, 2021, based on holdings as of Dec 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 May 28, 2021 0.71%
MSCI - UN Global Compact Violators as of May 28, 2021 0.24%
MSCI - Nuclear Weapons as of May 28, 2021 0.43%
MSCI - Thermal Coal as of May 28, 2021 0.01%
MSCI - Civilian Firearms as of May 28, 2021 0.26%
MSCI - Oil Sands as of May 28, 2021 0.01%
MSCI - Tobacco as of May 28, 2021 0.16%

Business Involvement Coverage as of May 28, 2021 66.55%
Percentage of Fund not covered as of May 28, 2021 33.45%
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 0.24%.

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 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 include exposures to climate and disaster events, as well as sovereign social and governance concerns. 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 includes 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. These reviews include discussion of the portfolio’s exposure to material ESG risks.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.83%
Net Expense Ratio 1.58%

Net Expense Ratio excluding Investment Related Expenses is 1.31%

  • Acquired Fund Fees and Expenses 0.27%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Balanced Capital Fund, Class C, as of May 31, 2021 rated against 661 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 May 31, 2021 out of 430, 4,521, 432, 76 and 432 Funds, respectively in Lipper's Mixed-Asset Target Allocation Growth classification.

Top Holdings

Portfolio Managers

Portfolio Managers

Philip Green
Head of Global Tactical Asset Allocation Team

  

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

Literature

Literature

 

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