Multi Asset

BIGPX

60/40 Target Allocation Fund

How To Buy
  • NAV as of Oct 31, 2024 $16.23
    52 WK: 13.48 - 16.62
  • 1 Day NAV Change as of Oct 31, 2024 -0.19 (-1.15%)
  • NAV Total Return as of Oct 30, 2024 YTD: 12.08%

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.
Loading

Performance

Performance

  1y 3y 5y 10y
Total Return (%) 23.81 4.79 8.73 7.37
Morningstar Category Avg. (%) 21.99 4.89 8.01 6.89
Morningstar Ranking 273/733 323/682 196/643 180/491
Morningstar Quartile 2 2 2 2
Lipper Category Avg. (%) 24.84 5.48 9.04 7.59
Lipper Ranking 89/547 148/534 54/497 49/395
Lipper Quartile 1 2 1 1
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 13.11 1.41 4.87 23.81 15.06 51.98 103.65
Morningstar Category Avg. (%) 12.27 1.57 5.34 21.99 15.39 47.02 94.70
Lipper Category Avg. (%) 13.79 1.56 5.61 24.84 17.45 54.45 108.98
  2019 2020 2021 2022 2023
Total Return (%) 21.02 17.34 11.31 -15.80 15.68
Morningstar Category Avg. (%) 19.23 11.72 13.89 -13.64 13.78

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 Growth Prepared Portfolio."
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Oct 31, 2024
$1,644.1 M
Share Class launch date
Dec 21, 2006
Distribution Frequency
Annual
Lipper Classification
Mixed-Asset Target Allocation Moderate
Max Offer Price
as of Oct 31, 2024
$16.23
Turnover Percent in the Annual Report
as of Sep 30, 2023
93%
Size of Class (Millions)
as of Oct 31, 2024
$328.6 M
Asset Class
Multi Asset
Morningstar Category
Moderate Allocation
CUSIP
09256H724
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Sep 30, 2024
26
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Sep 30, 2024
12.82
Yield to Worst
as of Sep 30, 2024
2.00%
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
12.75%
Alpha (3y)
as of Sep 30, 2024
-0.02
R-Squared (3y)
as of Sep 30, 2024
99.39
Beta (3y)
as of Sep 30, 2024
1.02
Effective Duration
as of Sep 30, 2024
2.33 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-11.82%
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 Sep 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Sep 21, 2024
6.7
Fund Lipper Global Classification
as of Sep 21, 2024
Mixed Asset USD Bal - US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of Sep 21, 2024
118.49
MSCI ESG % Coverage
as of Sep 21, 2024
82.09%
MSCI ESG Quality Score - Peer Percentile
as of Sep 21, 2024
82.61%
Funds in Peer Group
as of Sep 21, 2024
207
MSCI Weighted Average Carbon Intensity % Coverage
as of Sep 21, 2024
70.02%
All data is from MSCI ESG Fund Ratings as of Sep 21, 2024, based on holdings as of Mar 31, 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 Sep 30, 2024
0.30%
MSCI - Nuclear Weapons
as of Sep 30, 2024
0.26%
MSCI - Civilian Firearms
as of Sep 30, 2024
0.04%
MSCI - Tobacco
as of Sep 30, 2024
0.29%
MSCI - UN Global Compact Violators
as of Sep 30, 2024
0.09%
MSCI - Thermal Coal
as of Sep 30, 2024
0.22%
MSCI - Oil Sands
as of Sep 30, 2024
0.01%
Business Involvement Coverage
as of Sep 30, 2024
64.64%
Percentage of Fund not covered
as of Sep 30, 2024
35.36%
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 0.47% and for Oil Sands 1.15%.

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 financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the research, monitoring and reporting phases of the investment process. This may include both BlackRock and third-party research and feeds into the initial investment decision. When making buy, hold and sell decisions, the team may take into consideration potential competitive advantages of allocating to vehicles that provide access to companies with stronger ESG characteristics, within a given industry. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group as well as portfolio reviews with Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.42%
Net Expense Ratio 0.29%

Net Expense Ratio excluding Investment Related Expenses is 0.09%

  • Acquired Fund Fees and Expenses 0.20%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective Sep 30, 2024)
Analyst-Driven % as of Sep 30, 2024
55.00
Data Coverage % as of Sep 30, 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 Sep 30, 2024 out of 534, 4,489, 534, 307 and 534 Funds, respectively in Lipper's Mixed-Asset Target Allocation Moderate classification.

Holdings

Holdings

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

Exposure Breakdowns

as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% 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, 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

 

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio
Learn More Learn More

Discuss with your financial planner today

Share this fund with your financial planner to find out how it can fit in your portfolio.

Buy through your brokerage

BlackRock funds are also available through certain brokerage accounts. Visit your brokerage today to see how you can get started.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2020 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

USR-9694