BIMPX: BlackRock 40/60 Target Allocation Instl

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BIMPX BlackRock 40/60 Target Allocation Instl


Profile

BIMPX - Profile

Vitals

  • YTD Return -1.5%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $392 M
  • Holdings in Top 10 91.6%

52 WEEK LOW AND HIGH

$11.91
$10.39
$12.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.34%

SALES FEES

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

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -1.5%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    BlackRock 40/60 Target Allocation Fund
  • Fund Family Name
    BlackRock
  • Inception Date
    Dec 21, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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 40% of its assets and exposure to fixed-income securities in an amount equal to 60% 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

Fund Company Quick Screens

BIMPX - Fund Company Quick Screens


Performance

BIMPX - Performance

Return Ranking - Trailing

Period BIMPX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -33.7% 786.0% 6.00%
1 Yr 4.1% -35.8% 842.6% 3.94%
3 Yr 1.1%* -24.4% 10.3% 6.84%
5 Yr -0.5%* -16.5% 6.2% 23.67%
10 Yr 2.8%* -6.8% 9.7% 25.37%

* Annualized

Return Ranking - Calendar

Period BIMPX Return Category Return Low Category Return High Rank in Category (%)
2019 13.6% -28.6% 27.8% 31.22%
2018 -10.9% -93.5% 10.9% 45.11%
2017 9.0% -9.1% 19.3% 38.78%
2016 2.4% -43.7% 16.1% 62.30%
2015 -8.2% -19.4% 6.0% 67.25%

Total Return Ranking - Trailing

Period BIMPX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.5% -33.7% 786.0% 6.00%
1 Yr 4.1% -35.8% 842.6% 3.83%
3 Yr 4.5%* -16.9% 117.8% 1.86%
5 Yr 3.9%* -14.1% 58.8% 5.69%
10 Yr 7.6%* -6.8% 9.7% 6.08%

* Annualized

Total Return Ranking - Calendar

Period BIMPX Return Category Return Low Category Return High Rank in Category (%)
2019 13.6% -13.8% 27.8% 31.33%
2018 -3.8% -32.7% 10.9% 7.65%
2017 11.8% -4.4% 22.1% 49.82%
2016 4.3% -43.7% 20.7% 63.56%
2015 0.8% -17.2% 8.0% 2.02%

NAV & Total Return History


Holdings

BIMPX - Holdings

Concentration Analysis

BIMPX Category Low Category High BIMPX % Rank
Net Assets 392 M 4.33 M 101 B 58.65%
Number of Holdings 17 4 5122 78.42%
Net Assets in Top 10 359 M -720 M 19.5 B 43.48%
Weighting of Top 10 91.60% 5.7% 362.0% 15.76%

Top 10 Holdings

  1. BlackRock Master Total Return Portfolio 20.77%
  2. BlackRock Master Total Return Portfolio 20.77%
  3. BlackRock Strategic Income Opps K 19.75%
  4. iShares Core S&P Total US Stock Mkt ETF 15.33%
  5. iShares iBoxx $ Invmt Grade Corp Bd ETF 9.61%
  6. US TOT BND INDEX MASTER FOR BR_MOD 5.88%
  7. US TOT BND INDEX MASTER FOR BR_MOD 5.88%
  8. BlackRock Emerging Mkts K 5.06%
  9. Master Adv Large Cap Core Br_mod 4.15%
  10. Master Adv Large Cap Core Br_mod 4.15%

Asset Allocation

Weighting Return Low Return High BIMPX % Rank
Stocks
47.62% -3.01% 79.93% 58.65%
Bonds
47.28% -285.12% 120.33% 27.24%
Cash
3.62% -34.53% 329.83% 67.74%
Convertible Bonds
1.36% 0.00% 65.60% 16.88%
Other
0.08% -10.60% 61.54% 51.28%
Preferred Stocks
0.05% 0.00% 38.02% 50.53%

Stock Sector Breakdown

Weighting Return Low Return High BIMPX % Rank
Technology
21.13% 0.00% 36.56% 5.59%
Healthcare
18.10% 0.00% 37.58% 6.87%
Financial Services
12.06% 0.00% 34.30% 80.67%
Consumer Cyclical
10.66% 0.00% 25.82% 33.40%
Communication Services
9.82% 0.00% 32.35% 17.62%
Industrials
8.52% 0.00% 22.08% 80.56%
Consumer Defense
8.08% 0.00% 29.13% 42.64%
Real Estate
3.25% 0.00% 78.06% 77.66%
Utilities
2.97% 0.00% 71.13% 70.25%
Energy
2.80% 0.00% 22.69% 74.76%
Basic Materials
2.61% 0.00% 15.72% 87.97%

Stock Geographic Breakdown

Weighting Return Low Return High BIMPX % Rank
US
36.72% -8.64% 60.77% 42.74%
Non US
10.90% -1.59% 36.59% 79.27%

Bond Sector Breakdown

Weighting Return Low Return High BIMPX % Rank
Corporate
39.75% 0.00% 98.07% 22.33%
Securitized
22.33% 0.00% 66.01% 32.26%
Cash & Equivalents
21.63% -32.60% 100.00% 32.80%
Government
12.92% 0.00% 88.46% 80.02%
Municipal
2.84% 0.00% 31.37% 10.15%
Derivative
0.53% -0.67% 45.00% 50.43%

Bond Geographic Breakdown

Weighting Return Low Return High BIMPX % Rank
US
35.85% -66.21% 91.30% 32.26%
Non US
11.43% -351.11% 63.39% 23.50%

Expenses

BIMPX - Expenses

Operational Fees

BIMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.01% 22.24% 85.14%
Management Fee 0.00% 0.00% 1.95% 8.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% 19.41%

Sales Fees

BIMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BIMPX 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.

BIMPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.29% 496.00% 71.73%

Distributions

BIMPX - Distributions

Dividend Yield Analysis

BIMPX Category Low Category High BIMPX % Rank
Dividend Yield 0.00% 0.00% 7.20% 43.97%

Dividend Distribution Analysis

BIMPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

BIMPX Category Low Category High BIMPX % Rank
Net Income Ratio 2.69% -1.82% 6.29% 17.53%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BIMPX - Fund Manager Analysis

Managers

Michael Gates


Start Date

Tenure

Tenure Rank

May 26, 2015

4.93

4.9%

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

1.25

1.3%

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
0.05 28.35 6.0 0.33