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Name

As of 07/24/2024

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

BlackRock 60/40 Target Allocation ETF V.I. Fund

BVDAX | Fund

$14.25

$504 M

1.83%

$0.27

0.51%

Vitals

YTD Return

7.3%

1 yr return

11.7%

3 Yr Avg Return

3.2%

5 Yr Avg Return

6.9%

Net Assets

$504 M

Holdings in Top 10

105.7%

52 WEEK LOW AND HIGH

$14.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 62.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/24/2024

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

BlackRock 60/40 Target Allocation ETF V.I. Fund

BVDAX | Fund

$14.25

$504 M

1.83%

$0.27

0.51%

BVDAX - Profile

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BlackRock 60/40 Target Allocation ETF V.I. Fund
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Apr 30, 2014
  • Shares Outstanding
    25397300
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Amy Whitelaw

Fund Description

The Fund, which is a fund of funds, seeks to achieve its investment objective by investing in a portfolio of underlying exchange-traded funds (“ETFs”) that seek to track equity and fixed-income indices. Under normal circumstances, the Fund seeks to invest at least 80% of its net assets plus any borrowings for investment purposes in iShares ETFs.
In general, the Fund invests in two different kinds of underlying ETFs: those that invest primarily in equity securities or certain other instruments described below (referred to as “equity ETFs”) and those that invest primarily in fixed-income securities (referred to as “fixed-income ETFs”).
The Fund generally expects to invest approximately 60% of its portfolio in equity ETFs and approximately 40% of its portfolio in fixed-income ETFs. Variations in the target asset allocation between equity ETFs and fixed-income ETFs are permitted up to 5%. Therefore, based on a target equity/fixed-income allocation of 60%/40%, the Fund may have an equity/fixed-income allocation that ranges from 65%/35% to 55%/45%. Although variations beyond the 5% 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 underlying ETFs may invest in securities and other financial instruments of companies of any market capitalization. The underlying ETFs may invest in securities and other financial instruments available in both U.S. and non‑U.S. markets, including emerging markets, which can be U.S. dollar-denominated or non‑U.S. dollar-denominated and may be currency hedged or unhedged.
Equity ETFs may include ETFs that invest in, among other things, common stock, preferred stock, rights and warrants to purchase common stock, depositary receipts, securities convertible into common and preferred stock and nonconvertible preferred stock, real estate-related securities or instruments and commodity-related securities or instruments. From time to time, the underlying ETFs may invest in shares of companies through initial public offerings (“IPOs”).
Fixed-income ETFs may include ETFs that invest in, among other things, government obligations, corporate bonds and notes, including bonds and notes convertible into equity securities, mortgage-backed securities, asset-backed securities, floating or variable rate obligations (including senior secured floating rate loans or debt, and second lien or other subordinated or unsecured floating rate loans or debt), loan assignments and participations, inflation-indexed bonds, municipal obligations, zero coupon debt securities, bank loans, structured products (including, but not limited to, structured notes, credit linked notes and participation notes, or other instruments evidencing interests in special purpose vehicles, trusts, or other entities that hold or represent interests in fixed-income securities), below investment grade securities (commonly known as “junk bonds”), exchange traded notes (“ETNs”), cash or money market instruments. The average portfolio duration of the fixed-income portion of the Fund will vary based on the underlying ETFs’ and BlackRock’s forecast of interest rates and there are no limits regarding portfolio duration or average maturity. The underlying ETFs may invest in other pooled investment vehicles, including real estate investment trusts (“REITs”) and partnership interests, including master limited partnerships (“MLPs”).
The Fund’s equity allocation may be further diversified by style (including both value and growth ETFs), market capitalization (including both large cap and small cap ETFs), globally (including domestic and international (including emerging market) ETFs), 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 ETFs are determined at the discretion of the portfolio managers and can be changed to reflect the current market environment.
The underlying ETFs may invest in derivatives, including, but not limited to, interest rate swaps, total return swaps, credit default swaps, variance swaps, options, futures, options on futures and swaps and foreign currency transactions (including swaps), for hedging purposes, as well as to increase the return on their portfolio investments (although the underlying ETFs are not necessarily required to hedge any of their positions or to use derivatives).
The underlying ETFs may invest in indexed and inverse floating rate securities.
Read More

BVDAX - Performance

Return Ranking - Trailing

Period BVDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% 0.8% 38.3% 22.92%
1 Yr 11.7% -2.9% 57.2% 21.49%
3 Yr 3.2%* -6.1% 13.7% 22.71%
5 Yr 6.9%* -3.7% 15.5% 38.56%
10 Yr 5.9%* 0.5% 10.6% 47.72%

* Annualized

Return Ranking - Calendar

Period BVDAX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -12.2% 23.9% 15.68%
2022 -16.7% -34.7% 2.8% 31.58%
2021 2.3% -11.9% 18.1% 68.53%
2020 12.7% -20.9% 39.7% 9.97%
2019 17.9% 0.8% 25.7% 11.40%

Total Return Ranking - Trailing

Period BVDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.3% 0.8% 38.3% 22.92%
1 Yr 11.7% -2.9% 57.2% 21.49%
3 Yr 3.2%* -6.1% 13.7% 22.71%
5 Yr 6.9%* -3.7% 15.5% 38.56%
10 Yr 5.9%* 0.5% 10.6% 47.72%

* Annualized

Total Return Ranking - Calendar

Period BVDAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.9% -12.2% 26.8% 25.04%
2022 -14.8% -29.0% 10.9% 48.25%
2021 12.0% -3.0% 27.3% 61.88%
2020 14.7% -19.5% 40.6% 32.28%
2019 21.0% 2.2% 32.7% 29.97%

NAV & Total Return History

BVDAX - Holdings

Concentration Analysis

BVDAX Category Low Category High BVDAX % Rank
Net Assets 504 M 789 K 217 B 64.71%
Number of Holdings 18 2 15947 74.10%
Net Assets in Top 10 533 M 596 K 67.8 B 49.50%
Weighting of Top 10 105.74% 11.3% 121.0% 0.43%

Top 10 Holdings

  1. iShares Core Total USD Bond Market ETF 26.31%
  2. iShares Core SP 500 ETF 22.19%
  3. BlackRock Cash Funds: Institutional, SL Agency Shares 17.75%
  4. iShares MSCI USA Quality Factor ETF 10.94%
  5. iShares MBS ETF 5.94%
  6. iShares MSCI EAFE Value ETF 5.11%
  7. iShares SP 500 Growth ETF 4.97%
  8. iShares MSCI EAFE Growth ETF 4.92%
  9. iShares SP 500 Value ETF 4.59%
  10. iShares U.S. Technology ETF 3.03%

Asset Allocation

Weighting Return Low Return High BVDAX % Rank
Cash 		17.90% -7.92% 100.00% 2.16%
Convertible Bonds 		0.26% 0.00% 23.84% 81.01%
Stocks 		0.00% 0.00% 100.06% 97.27%
Preferred Stocks 		0.00% 0.00% 23.15% 59.57%
Other 		0.00% -43.77% 112.46% 66.19%
Bonds 		0.00% 0.00% 77.51% 74.96%

BVDAX - Expenses

Operational Fees

BVDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.03% 17.63% 89.56%
Management Fee 0.15% 0.00% 1.83% 33.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

BVDAX 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

BVDAX 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.

BVDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 343.00% 71.27%

BVDAX - Distributions

Dividend Yield Analysis

BVDAX Category Low Category High BVDAX % Rank
Dividend Yield 1.83% 0.00% 17.90% 59.43%

Dividend Distribution Analysis

BVDAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly SemiAnnual

Net Income Ratio Analysis

BVDAX Category Low Category High BVDAX % Rank
Net Income Ratio 2.10% -2.34% 19.41% 13.62%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BVDAX - Fund Manager Analysis

Managers

Amy Whitelaw

Start Date

Tenure

Tenure Rank

Apr 30, 2014

8.09

8.1%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Michael Gates

Start Date

Tenure

Tenure Rank

Mar 21, 2016

6.2

6.2%

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.

Greg Savage

Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.36 2.41

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