BAAPX: BlackRock 80/20 Target Allocation A

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BAAPX BlackRock 80/20 Target Allocation A


Profile

BAAPX - Profile

Vitals

  • YTD Return 4.0%
  • 3 Yr Annualized Return 6.2%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $423 M
  • Holdings in Top 10 82.1%

52 WEEK LOW AND HIGH

$13.67
$11.69
$13.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.57%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 64.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 4.0%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.66%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    BlackRock 80/20 Target Allocation Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    Dec 21, 2006
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Gates

Fund Description

The fund, which is a fund of funds, normally obtains exposure to equity securities in an amount equal to 80% of its assets and exposure to fixed-income securities in an amount equal to 20% of its assets. Under normal circumstances, the advisor intends to invest primarily in affiliated open-end funds and affiliated ETFs. The fund may, when consistent with its investment objective, buy or sell options or futures, or enter into total return swaps and foreign currency transactions (collectively, commonly known as derivatives).


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Categories

Performance

BAAPX - Performance

Return Ranking - Trailing

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% 0.2% 4.0% 1.09%
1 Yr 15.8% 0.4% 22.6% 1.36%
3 Yr 6.2%* -4.1% 10.6% 2.99%
5 Yr 1.9%* -4.4% 7.4% 36.42%
10 Yr 5.1%* -0.6% 8.2% 15.91%

* Annualized

Return Ranking - Calendar

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
2019 21.5% 5.4% 23.0% 1.94%
2018 -13.2% -23.0% -4.4% 58.03%
2017 13.8% -0.6% 18.6% 19.94%
2016 5.0% -7.8% 13.9% 17.46%
2015 -13.7% -19.4% 0.0% 96.35%

Total Return Ranking - Trailing

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% 0.2% 4.0% 1.09%
1 Yr 15.8% 0.4% 22.6% 1.36%
3 Yr 7.2%* -2.3% 10.7% 22.46%
5 Yr 5.5%* -3.3% 11.2% 24.83%
10 Yr 8.9%* 0.9% 9.8% 10.80%

* Annualized

Total Return Ranking - Calendar

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
2019 21.5% 5.4% 23.0% 1.94%
2018 -13.2% -23.0% -2.8% 76.62%
2017 17.0% -0.6% 22.8% 34.97%
2016 6.5% -7.8% 19.9% 40.63%
2015 -2.0% -14.9% 7.6% 40.20%

NAV & Total Return History


Holdings

BAAPX - Holdings

Concentration Analysis

BAAPX Category Low Category High BAAPX % Rank
Net Assets 423 M 3.98 M 23 B 62.53%
Number of Holdings 17 4 537 70.08%
Net Assets in Top 10 346 M 3.72 M 23 B 62.26%
Weighting of Top 10 82.10% 23.4% 100.0% 53.10%

Top 10 Holdings

  1. iShares Core S&P Total US Stock Mkt ETF 22.13%
  2. BlackRock Master Advantage LgCp Cor Port 10.08%
  3. BlackRock Emerging Mkts K 10.00%
  4. iShares Edge MSCI USA Quality Factor ETF 7.93%
  5. MIP International Tilts Master Portfolio 5.87%
  6. BlackRock Strategic Income Opps K 5.84%
  7. BlackRock Technology Opportunities Instl 5.20%
  8. iShares Edge MSCI Min Vol USA ETF 5.04%
  9. BlackRock Master Total Return Portfolio 5.00%
  10. iShares Core MSCI EAFE ETF 5.00%

Asset Allocation

Weighting Return Low Return High BAAPX % Rank
Stocks
80.61% 20.25% 91.09% 18.87%
Bonds
17.14% 5.59% 76.83% 75.47%
Cash
1.84% -21.49% 12.15% 66.58%
Convertible Bonds
0.25% 0.00% 3.23% 54.18%
Other
0.13% -2.28% 6.12% 53.64%
Preferred Stocks
0.02% 0.00% 5.19% 61.99%

Stock Sector Breakdown

Weighting Return Low Return High BAAPX % Rank
Technology
19.28% 0.00% 19.96% 2.43%
Financial Services
16.27% 0.00% 34.17% 65.23%
Healthcare
11.85% 0.00% 17.28% 77.63%
Consumer Cyclical
11.01% 0.83% 18.51% 32.61%
Industrials
10.01% 6.03% 16.17% 80.05%
Communication Services
9.33% 0.86% 10.41% 13.21%
Consumer Defense
7.32% 0.00% 11.89% 56.87%
Real Estate
4.20% 1.57% 46.41% 51.21%
Energy
4.16% 0.58% 19.74% 67.92%
Utilities
3.75% 0.00% 21.97% 19.68%
Basic Materials
2.82% 0.00% 15.07% 91.37%

Stock Geographic Breakdown

Weighting Return Low Return High BAAPX % Rank
US
58.95% 12.13% 67.66% 11.86%
Non US
21.66% 8.04% 36.33% 46.09%

Bond Sector Breakdown

Weighting Return Low Return High BAAPX % Rank
Government
36.25% 0.00% 55.69% 36.12%
Cash & Equivalents
25.43% -0.90% 41.38% 13.75%
Securitized
18.91% 0.00% 48.11% 65.50%
Corporate
16.95% 8.95% 97.52% 87.06%
Municipal
2.19% 0.00% 18.59% 21.56%
Derivative
0.27% 0.00% 25.47% 43.67%

Bond Geographic Breakdown

Weighting Return Low Return High BAAPX % Rank
US
14.44% 5.38% 61.06% 76.82%
Non US
2.70% -5.48% 26.22% 55.53%

Expenses

BAAPX - Expenses

Operational Fees

BAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.01% 4.78% 47.95%
Management Fee 0.00% 0.00% 1.25% 41.24%
12b-1 Fee 0.25% 0.00% 1.00% 46.03%
Administrative Fee 0.06% 0.01% 0.28% 23.53%

Sales Fees

BAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 75.81%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 1.00% 312.63% 85.71%

Distributions

BAAPX - Distributions

Dividend Yield Analysis

BAAPX Category Low Category High BAAPX % Rank
Dividend Yield 0.00% 0.00% 0.94% 87.60%

Dividend Distribution Analysis

BAAPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

BAAPX Category Low Category High BAAPX % Rank
Net Income Ratio 1.66% -0.16% 6.49% 62.80%

Capital Gain Distribution Analysis

BAAPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BAAPX - Fund Manager Analysis

Managers

Michael Gates


Start Date

Tenure

Tenure Rank

May 26, 2015

4.69

4.7%

Michael Gates, CFA, Managing Director, is head of the Americas Model Portfolio Solutions team within BlackRock's Multi-Asset Strategies group and the lead portfolio manager for the Target Allocation Funds. He and his team also manage a series of outcome-oriented and total return asset allocation strategies for retail advisors and managed account investors. Mr. Gates' 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. Prior to 2009, Mr. Gates 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 Mr. Gates worked as an analyst responsible for equity risk models at Barra. Mr. Gates earned his MS in Economics from the University of California, Davis, and a BS, with honors, from the University of California, Davis.

Lisa O’Connor


Start Date

Tenure

Tenure Rank

Jan 28, 2019

1.01

1.0%

Lisa Mears O’Connor,Managing Director of BlackRock since 2017, Investment Head for the Model Portfolio Solutions group. Previously, Ms. O'Connor was a Managing Director and Head of Global Portfolio Management of State Street Global Advisors from 2013 to 2017 and a Managing Director of Mellon Capital Management from 2001 to 2013.She received her M.B.A from the University of California at Berkeley in 2002. Ms. Mears O’Connor has attained the Chartered Financial Analyst (“CFA”) designation in 1998. Ms. Mears O’Connor has over 17 years of investment experience.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 25.35 5.18 0.08