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Trending ETFs

Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.28

$1.49 B

3.67%

$0.63

0.72%

Vitals

YTD Return

12.0%

1 yr return

18.9%

3 Yr Avg Return

4.9%

5 Yr Avg Return

9.9%

Net Assets

$1.49 B

Holdings in Top 10

81.0%

52 WEEK LOW AND HIGH

$17.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.28

$1.49 B

3.67%

$0.63

0.72%

BAAPX - Profile

Distributions

  • YTD Total Return 12.0%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 9.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BLACKROCK 80/20 TARGET ALLOCATION FUND
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Feb 05, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Gates

Fund Description

The Fund, which is a fund of funds, normally intends to obtain exposure to equity securities (and certain other instruments described below) in an amount equal to 80% of its assets and exposure to fixed-income securities in an amount equal to 20% of its assets. The Fund intends to obtain this exposure primarily through investments in underlying funds, including exchange-traded funds (“ETFs”). Under normal circumstances, the Fund intends to invest primarily in affiliated open-end funds and affiliated ETFs.
In general, the Fund invests in three different kinds of underlying funds: those that invest primarily in equity securities or certain other instruments described below (referred to as “equity funds”), those that invest primarily in fixed-income securities (referred to as “fixed-income funds”), and those that invest in a mix of securities and other instruments in which equity funds and fixed-income funds invest (referred to as “multi-asset funds”). Equity funds may include funds that invest in, among other things, domestic and international equities, real estate-related securities or instruments and commodity-related securities or instruments. Fixed-income funds may include funds that invest in, among other things, domestic and non-U.S. bonds, U.S. Government securities, mortgage-backed securities, high yield (or junk) bonds, and cash or money market instruments. Multi-asset funds may include funds that invest in any of the securities or instruments in which equity funds or fixed-income funds may invest.
Variations in the target asset allocation between equity and fixed-income securities, through investments in underlying funds, are permitted up to 10%. Therefore, based on a target equity/fixed-income allocation of 80%/20%, the Fund may have an equity/fixed-income allocation that ranges from 90%/10% to 70%/30%. Although variations beyond the 10% range are generally not permitted, BlackRock may determine in light of market conditions or other factors that a greater variation is warranted to protect the Fund or achieve its investment goal.
The Fund’s equity allocation may be further diversified by style (including both value and growth funds), market capitalization (including both large cap and small cap funds), globally (including domestic and international (including emerging market) funds), or other factors. The Fund’s fixed-income allocation may be further diversified by sector (including government, corporate, agency, mortgage-backed securities, and other sectors), duration (a calculation of the average life of a bond which measures its price risk), credit quality (including non-investment grade debt or “junk bonds”), geographic location, or other factors. The percentage allocation to the various types of equity and fixed-income securities are determined at the discretion of the portfolio managers and can be changed to reflect the current market environment.
The Fund may have indirect exposure to derivative instruments through its investments in certain underlying funds.
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BAAPX - Performance

Return Ranking - Trailing

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% -0.1% 21.3% 6.44%
1 Yr 18.9% -1.1% 32.5% 12.88%
3 Yr 4.9%* -7.8% 13.0% 18.18%
5 Yr 9.9%* 1.4% 14.0% 12.93%
10 Yr 7.8%* -0.3% 11.5% 14.49%

* Annualized

Return Ranking - Calendar

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -6.9% 29.3% 50.00%
2022 -18.0% -37.4% -8.2% 26.13%
2021 8.2% -9.8% 25.4% 47.16%
2020 17.0% -21.0% 25.4% 3.37%
2019 21.5% -8.3% 27.9% 3.46%

Total Return Ranking - Trailing

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.0% -0.1% 21.3% 6.44%
1 Yr 18.9% -1.1% 32.5% 12.88%
3 Yr 4.9%* -7.8% 13.0% 18.18%
5 Yr 9.9%* 1.4% 14.0% 12.93%
10 Yr 7.8%* -0.3% 11.5% 14.49%

* Annualized

Total Return Ranking - Calendar

Period BAAPX Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -0.9% 33.0% 40.82%
2022 -11.5% -36.0% -0.9% 19.86%
2021 15.5% -7.8% 33.9% 56.74%
2020 20.6% -16.2% 25.4% 3.37%
2019 31.7% 7.3% 34.8% 2.69%

NAV & Total Return History


BAAPX - Holdings

Concentration Analysis

BAAPX Category Low Category High BAAPX % Rank
Net Assets 1.49 B 1.11 M 120 B 43.73%
Number of Holdings 20 4 2543 65.08%
Net Assets in Top 10 1.21 B 1.16 M 30.6 B 38.98%
Weighting of Top 10 80.96% 19.2% 102.8% 40.34%

Top 10 Holdings

  1. iShares Core SP 500 ETF 26.23%
  2. iShares MSCI USA Quality Factor ETF 12.88%
  3. iShares SP 500 Growth ETF 6.96%
  4. MASTER TOTAL RETURN PORTFOLIO 6.07%
  5. iShares SP 500 Value ETF 6.02%
  6. iShares MSCI EAFE Value ETF 5.17%
  7. iShares MSCI EAFE Growth ETF 4.96%
  8. iShares Core Total USD Bond Market ETF 4.82%
  9. iShares MSCI USA Momentum Factor ETF 3.96%
  10. BlackRock Unconstrained Equity Fund 3.90%

Asset Allocation

Weighting Return Low Return High BAAPX % Rank
Stocks
99.75% 0.00% 100.06% 29.49%
Cash
0.46% 0.00% 90.74% 62.71%
Convertible Bonds
0.07% 0.00% 26.48% 91.13%
Preferred Stocks
0.00% 0.00% 18.74% 92.88%
Other
0.00% -0.09% 28.09% 88.47%
Bonds
0.00% 0.00% 104.29% 93.56%

Stock Sector Breakdown

Weighting Return Low Return High BAAPX % Rank
Technology
22.18% 3.31% 52.93% 14.68%
Financial Services
13.99% 0.28% 52.80% 72.35%
Healthcare
11.94% 0.00% 36.30% 72.01%
Consumer Cyclical
10.94% 0.00% 16.01% 37.54%
Industrials
9.46% 1.16% 32.55% 77.47%
Energy
7.80% 0.00% 29.22% 16.38%
Communication Services
7.50% 0.00% 26.62% 42.32%
Consumer Defense
6.33% 0.00% 14.86% 69.62%
Basic Materials
3.67% 0.00% 11.49% 83.28%
Real Estate
3.51% 0.00% 33.86% 57.68%
Utilities
2.69% 0.00% 31.67% 67.92%

Stock Geographic Breakdown

Weighting Return Low Return High BAAPX % Rank
US
99.75% 0.00% 100.06% 29.49%
Non US
0.00% 0.00% 20.23% 93.22%

BAAPX - Expenses

Operational Fees

BAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.04% 4.67% 73.56%
Management Fee 0.00% 0.00% 1.25% 23.39%
12b-1 Fee 0.25% 0.00% 1.00% 49.43%
Administrative Fee 0.06% 0.01% 0.28% 65.38%

Sales Fees

BAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.00% 5.75% 63.83%
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 0.00% 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 56.00% 4.00% 236.00% 74.55%

BAAPX - Distributions

Dividend Yield Analysis

BAAPX Category Low Category High BAAPX % Rank
Dividend Yield 3.67% 0.00% 10.22% 17.29%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BAAPX Category Low Category High BAAPX % Rank
Net Income Ratio 1.10% -1.12% 6.07% 45.80%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BAAPX - Fund Manager Analysis

Managers

Michael Gates


Start Date

Tenure

Tenure Rank

May 26, 2015

7.02

7.0%

Michael Gates, CFA, Managing Director, leads the Model Portfolio Solutions team in the Americas and is 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

3.34

3.3%

Lisa O'Connor is the Global Head of Investments for the LifePath and Model Portfolio Solutions team within the Multi-Asset Strategies group. The team is responsible for the development and management of strategic and tactical asset allocation models. 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. Ms. O'Connor was named one of the 50 leading women in hedge funds by the Hedge Fund Journal in 2015. 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
0.08 38.44 7.39 2.41