Multi Asset

MACPX

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
18.30 11.80 12.07 11.68
Benchmark (%) 17.45 12.38 11.57 11.33
Morningstar Category Avg. (%) 20.04 9.65 9.52 9.52
Morningstar Ranking 367/689 88/653 47/596 27/427
Morningstar Quartile 3 1 1 1
Lipper Category Avg. (%) 21.68 10.41 10.35 10.34
  YTD 1m 3m 1y 3y 5y 10y
9.29 -3.32 0.07 18.30 39.76 76.77 201.91
Benchmark (%) 8.29 -3.10 0.17 17.45 41.92 72.91 192.37
Morningstar Category Avg. (%) 8.91 -3.11 -0.71 20.04 31.82 57.60 148.25
Lipper Category Avg. (%) 9.28 -3.27 -0.70 21.68 34.70 63.96 169.32
  2016 2017 2018 2019 2020
Total Return (%) 8.53 14.62 -3.12 21.84 15.42
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.

Key Facts

Key Facts

Size of Class (Millions) as of Oct 22, 2021 $694.4 M
Size of Fund (Millions) as of Oct 22, 2021 $1,914.7 M
Share Class launch date Nov 08, 1973
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 Aggregate Index
CUSIP 09251C506
Distribution Frequency Semi-Annual
Number of Holdings as of Sep 30, 2021 3
Max Offer Price as of Oct 22, 2021 $29.25
Open to New Investors Yes
Turnover Percent in the Annual Report 4%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of Sep 30, 2021 $ 87,959.8 M
Fund Sharpe Ratio (3y) as of Sep 30, 2021 0.84
Alpha (3y) as of Sep 30, 2021 -0.13
R-Squared (3y) as of Sep 30, 2021 99.53
Beta (3y) as of Sep 30, 2021 1.09
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 15.52%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -12.99%
Fund Standard Deviation (3y) as of Sep 30, 2021 12.92
Effective Duration as of Sep 30, 2021 2.13 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 Oct 07, 2021 A
MSCI ESG Quality Score (0-10) as of Oct 07, 2021 6.7
MSCI ESG Quality Score - Peer Percentile as of Oct 07, 2021 84.25%
MSCI ESG % Coverage as of Oct 07, 2021 74.68%
Fund Lipper Global Classification as of Oct 07, 2021 Mixed Asset USD Aggressive
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 07, 2021 122.85
Funds in Peer Group as of Oct 07, 2021 362
All data is from MSCI ESG Fund Ratings as of Oct 07, 2021, based on holdings as of Jun 30, 2021. 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 Sep 30, 2021 0.35%
MSCI - UN Global Compact Violators as of Sep 30, 2021 0.13%
MSCI - Nuclear Weapons as of Sep 30, 2021 0.30%
MSCI - Thermal Coal as of Sep 30, 2021 0.01%
MSCI - Civilian Firearms as of Sep 30, 2021 0.03%
MSCI - Oil Sands as of Sep 30, 2021 0.01%
MSCI - Tobacco as of Sep 30, 2021 0.11%

Business Involvement Coverage as of Sep 30, 2021 47.78%
Percentage of Fund not covered as of Sep 30, 2021 52.22%
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 0.14%.

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 0.81%
Net Expense Ratio 0.56%

Net Expense Ratio excluding Investment Related Expenses is 0.29%

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

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for Balanced Capital Fund, Class Inst, as of Sep 30, 2021 rated against 653 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 Sep 30, 2021 out of 433, 4,635, 434, 230 and 434 Funds, respectively in Lipper's Mixed-Asset Target Allocation Growth classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Aug 12, 2021)

Holdings

Holdings

as of Sep 30, 2021
Name Weight (%)
BLACKROCK ADV LARGE CAP CORE FUND 53.53
BLACKROCK TOTAL RETURN FUND 23.05
Name Weight (%)
ISHARES CORE US AGGREGATE BOND ETF 2.96

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

        

David Rogal
Managing Director

 

 

Raffaele Savi
BlackRock Systematic Active Equity Investment Team
Portfolio Manager

Literature

Literature

 

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