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Multi Asset

BKCPX

20/80 Target Allocation Fund

Overview

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Performance

Performance

  • Returns

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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Sep 17, 2019 $31.9 M
Size of Fund (Millions) as of Sep 17, 2019 $303.5 M
Share Class launch date Mar 28, 2016
Asset Class MultiAsset
Morningstar Category Allocation--15% to 30% Equity
Lipper Classification Mixed-Asset Target Allocation Conserv
Benchmark Index 14% MSCI ACWI Index, 6% MSCI US Index, and 80% Barclays US Universal Index
CUSIP 09257E753
Number of Holdings as of Aug 30, 2019 11
Max Offer Price as of Sep 17, 2019 $11.81
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 64%

Portfolio Characteristics

Portfolio Characteristics

Average Market Cap (Millions) The average size of the securities the fund invests in. as of Aug 30, 2019 $ 22,126.2 M
R-Squared (3y) as of Aug 31, 2019 95.23
Beta (3y) as of Aug 31, 2019 0.98
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 5.21%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -2.79%
Fund Standard Deviation (3y) as of Aug 31, 2019 3.39
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for 20/80 Target Allocation Fund, Class K, as of Aug 31, 2019 rated against 184 Allocation--15% to 30% Equity Funds.

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 Aug 31, 2019 out of 309, 4,621, 309, 139 and 309 Funds, respectively in Lipper's Mixed-Asset Target Allocation Conserv classification.

Holdings

Holdings

as of Aug 30, 2019
Name Weight (%)
US TOT BND INDEX MASTER FOR BR_CON 22.24
BLACKROCK TOTAL RETURN FUND CON 20.24
STRATEGIC INCOME OPPORTUNITIES FUN 15.73
ISHARES US TREASURY BOND ETF 8.11
ISHARES MBS ETF 7.82
Name Weight (%)
ISHARES CORE S&P TOTAL U.S. STOCK 6.99
ISHARES EDGE MSCI MIN VOL USA ETF 6.96
ISHARES FLOATING RATE BOND ETF 5.03
MASTER ADV LARGE CAP CORE BR_CON 2.96
ISHARES CORE MSCI EAFE ETF 1.91

Top Holdings


Exposure Breakdowns


Exposure Breakdowns

Exposure Breakdowns

as of Aug 30, 2019

% of Market Value

Type Fund
as of Aug 30, 2019

% of Market Value

Type Fund
as of Aug 30, 2019

% 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
Lisa O'Connor
Portfolio Manager

Literature

Literature

 

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