Multi Asset

BAMPX

40/60 Target Allocation Fund

  • NAV as of Dec 10, 2024 $13.32
    52 WK: 11.85 - 13.40
  • 1 Day NAV Change as of Dec 10, 2024 -0.03 (-0.22%)
  • NAV Total Return as of Dec 10, 2024 YTD: 10.91%
  • Morningstar Rating

Overview

About this Fund

1. Core, diversified solution that seeks to deliver attractive risk adjusted returns via broad asset class tilts (equity vs. fixed income) as well as tilts within assets classes (credit vs. rates, emerging markets vs. developed markets, value vs. growth)

2. Constructed in a scalable and cost-efficient way using iShares ETFs and BlackRock mutual funds

3. Seeks to balance the trade-offs between risk and return by focusing on the long term

Investment Approach

BlackRock Target Allocation Funds offer investors a risk-focused, well-diversified, multi-asset investment strategy in a simple, low-fee solution.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 19.47 2.57 5.98 5.51
Return w/ Sales Charge (%) 13.20 0.74 4.84 4.95
Morningstar Category Avg. (%) 18.42 1.30 4.56 4.43
Morningstar Ranking 103/453 204/440 75/403 45/300
Morningstar Quartile 1 2 1 1
Lipper Category Avg. (%) 20.78 3.75 6.67 5.83
Lipper Ranking 361/547 392/534 321/497 238/395
Lipper Quartile 3 3 3 3
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 10.24 1.38 4.91 19.47 7.91 33.70 71.05
Return w/ Sales Charge (%) 4.45 -3.94 -0.60 13.20 2.24 26.68 62.07
Morningstar Category Avg. (%) 7.72 -1.89 1.22 18.42 8.05 28.42 58.76
Lipper Category Avg. (%) 11.21 1.48 5.64 20.78 11.79 38.54 77.85
  2019 2020 2021 2022 2023
Total Return (%) 16.23 14.38 7.64 -15.08 11.81
Annual w/ Sales Charge (%) 10.12 8.38 1.99 -19.54 5.94
Morningstar Category Avg. (%) 14.81 8.86 8.24 -13.31 10.43

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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."
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 10, 2024
$663.2 M
Share Class launch date
Dec 21, 2006
Distribution Frequency
Annual
Lipper Classification
Mixed-Asset Target Allocation Moderate
Max Offer Price
as of Dec 10, 2024
$14.06
Turnover Percent in the Annual Report
as of Sep 30, 2024
103.00%
Size of Class (Millions)
as of Dec 10, 2024
$287.4 M
Asset Class
Multi Asset
Morningstar Category
Moderately Conservative Allocation
CUSIP
091937151
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Nov 29, 2024
25
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Nov 30, 2024
10.98
Yield to Worst
as of Nov 29, 2024
3.07%
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
11.26%
Alpha (3y)
as of Nov 30, 2024
-0.02
R-Squared (3y)
as of Nov 30, 2024
99.31
Beta (3y)
as of Nov 30, 2024
1.02
Effective Duration
as of Nov 29, 2024
3.07 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-9.98%
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 provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC)
as of Nov 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Nov 21, 2024
6.5
Fund Lipper Global Classification
as of Nov 21, 2024
Mixed Asset USD Bal - US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Nov 21, 2024
132.58
MSCI ESG % Coverage
as of Nov 21, 2024
74.45%
MSCI ESG Quality Score - Peer Percentile
as of Nov 21, 2024
52.24%
Funds in Peer Group
as of Nov 21, 2024
201
MSCI Weighted Average Carbon Intensity % Coverage
as of Nov 21, 2024
55.30%
All data is from MSCI ESG Fund Ratings as of Nov 21, 2024, based on holdings as of Apr 30, 2024. 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% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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.

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. 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 Nov 29, 2024
0.21%
MSCI - Nuclear Weapons
as of Nov 29, 2024
0.19%
MSCI - Civilian Firearms
as of Nov 29, 2024
0.03%
MSCI - Tobacco
as of Nov 29, 2024
0.23%
MSCI - UN Global Compact Violators
as of Nov 29, 2024
0.12%
MSCI - Thermal Coal
as of Nov 29, 2024
0.11%
MSCI - Oil Sands
as of Nov 29, 2024
0.01%
Business Involvement Coverage
as of Nov 29, 2024
49.81%
Percentage of Fund not covered
as of Nov 29, 2024
50.19%
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 0.26% and for Oil Sands 0.74%.

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

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.65%
Net Expense Ratio 0.61%

Net Expense Ratio excluding Investment Related Expenses is 0.43%

  • Acquired Fund Fees and Expenses 0.18%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for 40/60 Target Allocation Fund, as of Nov 30, 2024 rated against 429 Moderately Conservative Allocation Funds based on risk adjusted total return.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Oct 31, 2024)
Analyst-Driven % as of Oct 31, 2024
55.00
Data Coverage % as of Oct 31, 2024
100.00

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, 2024 out of 532, 4,406, 532, 125 and 532 Funds, respectively in Lipper's Mixed-Asset Target Allocation Moderate classification.

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
BLK TOTAL RETURN FUND CLASS K 13.90
ISHARES CORE S&P 500 ETF 10.78
ISHARES CORE TOTAL USD BOND MARKET 10.24
STRATEGIC INCOME OPPORTUNITIES FUN 7.91
iShares Flexible Income Active ETF 5.91
Name Weight (%)
US MORTGAGE INSTITUTIONAL 5.91
iShares U.S. Eqty Fctr Rtn Act ETF 5.23
iShares MSCI USA Quality Factor ET 5.12
ISHARES 20+ YEAR TREASURY BOND ETF 5.10
ISHARES S&P 500 GROWTH ETF TRUST 5.10
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Top Holdings


Exposure Breakdowns

Exposure Breakdowns

Sorry, sectors are not available at this time.
as of Nov 29, 2024

% of Market Value

Type Fund
as of Nov 29, 2024

% of Market Value

Type Fund
as of Nov 29, 2024

% of Market Value

Type Fund
Allocations subject to change.
Sorry, maturities are not available at this time.
as of Nov 29, 2024

% of Market Value

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Sorry, market cap data is not available at this time.
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.

Exposure Breakdowns


Portfolio Managers

Portfolio Managers

Michael Gates, CFA
Michael Gates, CFA
Head of Model Portfolios Solutions, Americas, Multi-Asset Strategies & Solutions

  

Read More

Michael Gates, CFA, is the Head of Model Portfolio Solutions in the Americas for BlackRock's Multi-Asset Strategies & Solutions group and is the lead portfolio manager for BlackRock's Target Allocation and Target Income Series of Managed Portfolios.

 

Michael’s service with BlackRock dates back to 2009, where he served as part of the Multi-Asset Strategies group, as well as BlackRock's Global Trading group. From 1999 to 2009, Michael worked for Barclays Global Investors (BGI), which merged with BlackRock in 2009, in a variety of research roles, focused on fixed income and alternative investment strategies. Previously Michael worked as an analyst responsible for equity risk models at Barra.

 

Michael earned his M.S. in Economics from the University of California, Davis, and a B.S., with honors, from the University of California, Davis.

Lisa O'Connor, CFA
Lisa O'Connor, CFA
Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions
Read More

Lisa O'Connor, Managing Director, is the Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions. The Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of BlackRock's index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and cutting-edge alpha insights. MASS constructs active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels.

 

Prior to joining BlackRock in April 2017 - Ms. O'Connor served as the Head of Global Portfolio Management for SSGA's Global Macro fund. The fund utilized both proprietary quantitative and fundamental strategies for alpha generation.

 

Before SSGA - Ms. O'Connor was at Mellon Capital Management for fourteen years where she worked extensively in the development and management of quantitative investment strategies. Her last role at Mellon Capital was leading the active fixed income team, with investment strategies ranging from hedge funds to actively managed ETFs. She served as a Senior Portfolio Manager for both the Mellon Global Opportunity Hedge Fund and the Mellon Global Fixed Income Hedge Fund. Ms. O'Connor was named one of the 50 leading women in hedge funds by the Hedge Fund Journal in 2015.

Portfolio Manager

Literature

Literature

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