BRCPX: BlackRock 20/80 Target Allocation R

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BRCPX BlackRock 20/80 Target Allocation R


Profile

BRCPX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 5.2%
  • 5 Yr Annualized Return 3.8%
  • Net Assets $324 M
  • Holdings in Top 10 93.9%

52 WEEK LOW AND HIGH

$11.75
$10.82
$11.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--15% to 30% Equity

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    BlackRock 20/80 Target Allocation Fund R Shares
  • Fund Family Name
    BlackRock
  • Inception Date
    Dec 21, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • 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 (and certain other instruments) in an amount equal to 20% of its assets and exposure to fixed-income securities in an amount equal to 80% of its assets. Normally, 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

BRCPX - Performance

Return Ranking - Trailing

Period BRCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -6.8% 9.1% 10.70%
1 Yr 11.9% -46.6% 45.9% 35.73%
3 Yr 5.2%* -35.8% 14.0% 28.07%
5 Yr 3.8%* -39.9% 11.6% 28.31%
10 Yr 6.0%* -38.7% 18.7% 33.80%

* Annualized

Return Ranking - Calendar

Period BRCPX Return Category Return Low Category Return High Rank in Category (%)
2019 9.9% -50.4% 46.8% 62.38%
2018 -7.0% -31.8% 19.0% 26.61%
2017 5.1% -44.7% 46.3% 61.54%
2016 1.1% -84.5% 146.1% 81.30%
2015 -4.9% -40.7% 14.6% 33.47%

Total Return Ranking - Trailing

Period BRCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -6.8% 9.1% 10.70%
1 Yr 11.9% -46.6% 45.9% 34.23%
3 Yr 5.2%* -35.8% 14.0% 44.66%
5 Yr 3.8%* -39.9% 11.6% 55.05%
10 Yr 6.0%* -38.7% 18.7% 59.56%

* Annualized

Total Return Ranking - Calendar

Period BRCPX Return Category Return Low Category Return High Rank in Category (%)
2019 9.9% -50.4% 46.8% 63.89%
2018 -2.9% -27.4% 19.0% 12.97%
2017 7.3% -44.7% 46.3% 70.53%
2016 2.4% -84.5% 146.1% 82.82%
2015 0.8% -36.9% 14.6% 8.16%

NAV & Total Return History


Holdings

BRCPX - Holdings

Concentration Analysis

BRCPX Category Low Category High BRCPX % Rank
Net Assets 324 M 299 K 161 B 51.89%
Number of Holdings 15 2 13691 86.51%
Net Assets in Top 10 310 M -39.4 M 33.7 B 33.47%
Weighting of Top 10 93.85% 9.2% 210.3% 11.72%

Top 10 Holdings

  1. BlackRock Strategic Income Opps K 23.67%
  2. BlackRock MIP US Total Bond Index Master 19.95%
  3. BlackRock Total Return V.I. I 19.80%
  4. iShares US Treasury Bond ETF 9.69%
  5. iShares Core S&P Total US Stock Mkt ETF 6.30%
  6. iShares Edge MSCI Min Vol USA ETF 3.19%
  7. BlackRock Master Advantage LgCp Cor Port 3.19%
  8. BlackRock High Yield Bond K 3.00%
  9. BlackRock Emerging Mkts K 2.98%
  10. iShares Core MSCI EAFE ETF 2.07%

Asset Allocation

Weighting Return Low Return High BRCPX % Rank
Bonds
77.60% -2.79% 79.17% 1.05%
Stocks
22.10% -41.01% 79.55% 81.80%
Convertible Bonds
1.13% -0.84% 71.85% 21.34%
Other
0.06% -41.44% 209.72% 39.02%
Preferred Stocks
0.05% 0.00% 44.10% 50.10%
Cash
-0.94% -110.26% 75.57% 93.72%

Stock Sector Breakdown

Weighting Return Low Return High BRCPX % Rank
Financial Services
17.27% 0.00% 67.69% 34.23%
Technology
16.72% 0.00% 72.78% 42.55%
Healthcare
12.05% 0.00% 66.75% 66.63%
Consumer Cyclical
11.05% 0.00% 34.40% 27.65%
Industrials
10.32% 0.00% 99.44% 52.48%
Communication Services
8.48% 0.00% 32.16% 29.16%
Consumer Defense
7.64% 0.00% 24.28% 45.57%
Real Estate
4.83% 0.00% 100.00% 40.06%
Energy
4.51% 0.00% 100.00% 54.10%
Utilities
4.14% 0.00% 100.00% 32.72%
Basic Materials
2.97% 0.00% 100.00% 56.16%

Stock Geographic Breakdown

Weighting Return Low Return High BRCPX % Rank
US
17.08% -41.02% 75.95% 81.49%
Non US
5.02% -2.62% 29.45% 49.90%

Bond Sector Breakdown

Weighting Return Low Return High BRCPX % Rank
Government
32.32% 0.00% 97.23% 30.44%
Corporate
23.85% 0.00% 100.00% 71.65%
Securitized
23.65% 0.00% 59.50% 35.36%
Cash & Equivalents
17.53% 0.00% 100.00% 30.33%
Municipal
2.38% 0.00% 99.78% 12.24%
Derivative
0.27% 0.00% 64.96% 27.62%

Bond Geographic Breakdown

Weighting Return Low Return High BRCPX % Rank
US
65.27% -3.97% 84.24% 8.05%
Non US
12.33% -12.68% 26.09% 5.33%

Expenses

BRCPX - Expenses

Operational Fees

BRCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.00% 18.45% 61.15%
Management Fee 0.00% 0.00% 2.00% 8.48%
12b-1 Fee 0.50% 0.00% 1.00% 69.35%
Administrative Fee 0.06% 0.01% 0.83% 21.98%

Sales Fees

BRCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BRCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

BRCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 1504.00% 62.27%

Distributions

BRCPX - Distributions

Dividend Yield Analysis

BRCPX Category Low Category High BRCPX % Rank
Dividend Yield 0.00% 0.00% 9.43% 86.51%

Dividend Distribution Analysis

BRCPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

BRCPX Category Low Category High BRCPX % Rank
Net Income Ratio 2.55% -4.40% 6.65% 21.76%

Capital Gain Distribution Analysis

BRCPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BRCPX - Fund Manager Analysis

Managers

Michael Gates


Start Date

Tenure

Tenure Rank

May 26, 2015

4.6

4.6%

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

0.92

0.9%

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
0.04 36.02 6.96 7.62