Multi Asset

BIMPX

40/60 Target Allocation 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
14.74 8.79 8.46 8.00
Benchmark (%)

as of Dec 31, 2020

12.83 8.39 8.48 6.94
Morningstar Category Avg. (%)

as of Dec 31, 2020

8.86 5.95 6.89 5.97
Morningstar Ranking

as of Dec 31, 2020

23/549 15/524 38/461 11/280
Morningstar Quartile

as of Dec 31, 2020

1 1 1 1
Lipper Category Avg. (%)

as of Dec 31, 2020

10.22 6.89 8.05 6.94
Lipper Ranking

as of Dec 31, 2020

86/574 96/536 188/486 80/361
Lipper Quartile

as of Dec 31, 2020

1 1 2 1
  YTD 1m 3m 1y 3y 5y 10y
14.74 2.53 7.87 14.74 28.75 50.11 115.86
Benchmark (%)

as of Dec 31, 2020

12.83 2.08 6.45 12.83 27.35 50.26 95.66
Morningstar Category Avg. (%)

as of Dec 31, 2020

8.86 2.39 7.53 8.86 18.92 39.53 78.55
Lipper Category Avg. (%)

as of Dec 31, 2020

10.22 2.81 8.88 10.22 22.30 47.66 97.46
  2016 2017 2018 2019 2020
Total Return (%) 4.31 11.77 -3.80 16.65 14.74
Benchmark (%) 5.88 11.43 -3.18 16.58 12.83
Morningstar Category Avg. (%) 6.62 9.86 -5.04 14.81 8.86
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 June 3, 2015 are the returns of the Fund when it followed different investment strategies under the name "BlackRock Moderate Prepared Portfolio."

Key Facts

Key Facts

Size of Class (Millions) as of Jan 20, 2021 $186.4 M
Size of Fund (Millions) as of Jan 20, 2021 $586.5 M
Share Class launch date Dec 21, 2006
Asset Class MultiAsset
Morningstar Category Allocation--30% to 50% Equity
Lipper Classification Mixed-Asset Target Allocation Moderate
Benchmark Index 28% MSCI ACWI Index, 12% MSCI US Index, 60% Barclays US Universal Index
CUSIP 09256H740
Distribution Frequency Annual
Number of Holdings as of Dec 31, 2020 16
Max Offer Price as of Jan 20, 2021 $13.50
Open to New Investors Yes
Turnover Percent in the Annual Report 98%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) as of Dec 31, 2020 $ 22,998.5 M
Yield to Worst as of Dec 31, 2020 1.09%
Fund Sharpe Ratio (3y) as of Dec 31, 2020 0.84
Effective Duration as of Dec 31, 2020 3.09 yrs
Alpha (3y) as of Dec 31, 2020 0.00
R-Squared (3y) as of Dec 31, 2020 98.79
Beta (3y) as of Dec 31, 2020 1.04
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 11.07%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -8.11%
Fund Standard Deviation (3y) as of Dec 31, 2020 8.55
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 Jan 07, 2021 A
MSCI ESG Quality Score (0-10) as of Jan 07, 2021 5.7
MSCI ESG Quality Score - Peer Percentile as of Jan 07, 2021 53.09%
MSCI ESG % Coverage as of Jan 07, 2021 78.78%
Fund Lipper Global Classification as of Jan 07, 2021 Mixed Asset USD Bal - US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Jan 07, 2021 166.84
Funds in Peer Group as of Jan 07, 2021 275
All data is from MSCI ESG Fund Ratings as of Jan 07, 2021, based on holdings as of Sep 30, 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 Dec 31, 2020 0.14%
MSCI - UN Global Compact Violators as of Dec 31, 2020 0.27%
MSCI - Nuclear Weapons as of Dec 31, 2020 0.11%
MSCI - Thermal Coal as of Dec 31, 2020 0.07%
MSCI - Civilian Firearms as of Dec 31, 2020 0.07%
MSCI - Oil Sands as of Dec 31, 2020 0.00%
MSCI - Tobacco as of Dec 31, 2020 0.16%

Business Involvement Coverage as of Dec 31, 2020 42.56%
Percentage of Fund not covered as of Dec 31, 2020 57.44%
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 0.16% and for Oil Sands 0.27%.

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 0.54%
Net Expense Ratio 0.34%

Net Expense Ratio excluding Investment Related Expenses is 0.09%

  • Acquired Fund Fees and Expenses 0.25%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

5
Overall Morningstar Rating for 40/60 Target Allocation Fund, Class Inst, as of Dec 31, 2020 rated against 524 Allocation--30% to 50% 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 Nov 30, 2020 out of 519, 4,469, 521, 277 and 521 Funds, respectively in Lipper's Mixed-Asset Target Allocation Moderate classification.

Holdings

Holdings

as of Dec 31, 2020
Name Weight (%)
BLACKROCK TOTAL RETURN FUND MOD 23.96
STRATEGIC INCOME OPPORTUNITIES FUN 15.70
ISHARES CORE S&P TOTAL U.S. STOCK 12.40
iShares ESG Aware MSCI USA ETF 8.23
ISHARES US TREASURY BOND ETF 6.65
Name Weight (%)
EMERGING MARKETS FUND INVK 4.58
ISHARES MSCI EAFE GROWTH ETF 4.17
iShares MSCI USA Value Factor ETF 4.15
ISHARES 1-3 YEAR TREASURY BOND ETF 3.75
ISHARES 20+ YEAR TREASURY BOND ETF 3.70

Top Holdings


Exposure Breakdowns


Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2020

% of Market Value

Type Fund
as of Dec 31, 2020

% of Market Value

Type Fund
as of Dec 31, 2020

% of Market Value

Type Fund
Allocations subject to change.
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.

Portfolio Managers

Portfolio Managers

Michael Gates
BlackRock Multi-Asset Strategies Team

Michael Gates, CFA, is a Managing Director in the Multi-Asset Strategies group at BlackRock.

Lisa O'Connor
Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions

  

Portfolio Manager

Literature

Literature

 

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