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BCAPX BlackRock 80/20 Target Allocation C

  • Fund
  • BCAPX
  • Price as of: May 21, 2019
  • $11.70 + $0.08 + 0.69%
  • Category
  • Large Cap Blend Equities

BCAPX - Profile

Vitals

  • YTD Return 11.4%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $363 M
  • Holdings in Top 10 81.8%

52 WEEK LOW AND HIGH

$11.70
$10.32
$12.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.36%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 80.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 11.4%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.80%
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 C
  • 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).

BCAPX - Performance

Return Ranking - Trailing

Period BCAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -14.1% 31.7% 56.71%
1 Yr -4.5% -61.3% 33.4% 35.59%
3 Yr 5.2%* -31.9% 21.1% 35.65%
5 Yr -2.2%* -23.5% 12.0% 70.73%
10 Yr 6.0%* -6.2% 19.0% 62.91%

* Annualized


Return Ranking - Calendar

Period BCAPX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -67.0% 16.7% 39.21%
2017 13.7% -32.8% 34.8% 42.17%
2016 4.8% -28.0% 20.8% 61.08%
2015 -14.1% -46.9% 5.7% 86.54%
2014 -8.8% -31.3% 53.8% 93.58%

Total Return Ranking - Trailing

Period BCAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -14.1% 31.7% 56.71%
1 Yr -4.5% -61.3% 34.2% 59.66%
3 Yr 6.2%* -29.3% 21.6% 64.25%
5 Yr 4.0%* -19.4% 13.9% 62.61%
10 Yr 9.3%* -4.0% 23.7% 69.44%

* Annualized


Total Return Ranking - Calendar

Period BCAPX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.2% -67.0% 17.4% 61.90%
2017 16.3% -22.1% 34.8% 60.77%
2016 5.7% -14.7% 21.8% 78.86%
2015 -2.7% -40.3% 7.0% 53.44%
2014 5.8% -24.8% 56.3% 71.49%

NAV & Total Return History

BCAPX - Holdings

Concentration Analysis

BCAPX Category Low Category High BCAPX % Rank
Net Assets 363 M 1.88 M 804 B 67.17%
Number of Holdings 16 7 3615 96.79%
Net Assets in Top 10 288 M -57.2 M 135 B 49.80%
Weighting of Top 10 81.77% 2.4% 936.4% 6.73%

Top 10 Holdings

  1. iShares Core S&P Total US Stock Mkt ETF 20.26%

  2. BlackRock Master Advantage LgCp Cor Port 10.13%

  3. iShares Global Tech ETF 8.61%

  4. BlackRock MIP US Total Bond Index Master 7.49%

  5. iShares Edge MSCI USA Momentum Fctr ETF 6.04%

  6. iShares Core MSCI EAFE ETF 5.89%

  7. MIP International Tilts Master Portfolio 5.88%

  8. BlackRock Global Allocation K 5.87%

  9. iShares Core S&P Small-Cap ETF 5.80%

  10. BlackRock Master Total Return Portfolio 5.80%


Asset Allocation

Weighting Return Low Return High BCAPX % Rank
Stocks
80.31% -6.79% 687.17% 92.07%
Bonds
15.05% -595.81% 186.14% 7.33%
Other
2.48% -4.04% 22.06% 4.12%
Cash
2.00% -187.97% 80.44% 42.37%
Convertible Bonds
0.10% 0.00% 6.54% 6.93%
Preferred Stocks
0.06% -0.37% 6.87% 11.14%

Stock Sector Breakdown

Weighting Return Low Return High BCAPX % Rank
Technology
20.15% -67.56% 52.42% 54.43%
Financial Services
12.24% 0.00% 187.22% 77.57%
Healthcare
10.25% 0.00% 47.60% 78.27%
Industrials
8.60% 0.00% 77.42% 73.74%
Consumer Cyclical
8.35% -0.92% 33.07% 80.38%
Consumer Defense
5.97% 0.00% 64.11% 70.93%
Real Estate
3.42% -1.87% 13.40% 21.93%
Energy
3.33% -1.65% 306.37% 75.75%
Basic Materials
2.81% 0.00% 90.41% 38.63%
Utilities
2.64% -1.30% 19.90% 47.69%
Communication Services
2.48% -0.65% 14.58% 62.88%

Stock Geographic Breakdown

Weighting Return Low Return High BCAPX % Rank
US
60.69% -6.79% 223.50% 87.85%
Non US
19.62% 0.00% 463.67% 11.35%

Bond Sector Breakdown

Weighting Return Low Return High BCAPX % Rank
Government
5.69% -595.81% 95.81% 6.03%
Corporate
4.81% -0.25% 77.81% 8.04%
Securitized
4.29% 0.00% 57.34% 4.72%
Cash & Equivalents
2.00% -188.01% 80.44% 43.72%
Municipal
0.41% 0.00% 58.72% 2.81%
Derivative
0.00% -23.28% 48.68% 55.78%

Bond Geographic Breakdown

Weighting Return Low Return High BCAPX % Rank
US
12.78% -595.81% 162.35% 6.83%
Non US
2.27% 0.00% 46.22% 7.43%

BCAPX - Expenses

Operational Fees

BCAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.00% 153.75% 28.48%
Management Fee 0.00% 0.00% 1.50% 2.11%
12b-1 Fee 1.00% 0.00% 1.00% 90.54%
Administrative Fee 0.06% 0.00% 0.85% 30.24%

Sales Fees

BCAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 0.95% 5.00% 61.01%

Trading Fees

BCAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% N/A

Turnover 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.

BCAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 80.00% 0.00% 836.00% 75.45%

BCAPX - Distributions

Dividend Yield Analysis

BCAPX Category Low Category High BCAPX % Rank
Dividend Yield 0.00% 0.00% 0.10% 77.51%

Dividend Distribution Analysis

BCAPX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

BCAPX Category Low Category High BCAPX % Rank
Net Income Ratio 0.80% -1.49% 3.64% 58.69%

Capital Gain Distribution Analysis

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

BCAPX - Managers

Michael Gates

Manager

Start Date

Tenure

Tenure Rank

May 26, 2015

3.93

3.9%

Michael Gates, CFA, Managing Director, is head of North America Model Portfolio Solutions 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 Mears O’Connor

Manager

Start Date

Tenure

Tenure Rank

Jan 28, 2019

0.25

0.3%

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

0.0

Category High

83.5

Category Average

6.99

Category Mode

3.62