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BLACKROCK 40/60 TARGET ALLOCATION FUND
mutual fund
BAMPX
Payout Change
Pending
Price as of:
$13.15
+0.0
+0.0%
primary theme
U.S. Conservative/Balanced Allocation
share class
BAMPX (Mutual Fund)
BLACKROCK 40/60 TARGET ALLOCATION FUND
Payout Change
Pending
Price as of:
$13.15
+0.0
+0.0%
primary theme
U.S. Conservative/Balanced Allocation
share class
BAMPX (Mutual Fund)
BLACKROCK 40/60 TARGET ALLOCATION FUND
Payout Change
Pending
Price as of:
$13.15
+0.0
+0.0%
primary theme
U.S. Conservative/Balanced Allocation
share class
Name
As of 10/04/2024Price
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
Vitals
YTD Return
10.1%
1 yr return
19.5%
3 Yr Avg Return
2.2%
5 Yr Avg Return
5.1%
Net Assets
$622 M
Holdings in Top 10
83.2%
52 WEEK LOW AND HIGH
$13.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 69.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
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
BAMPX - Profile
Distributions
- YTD Total Return 10.1%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 5.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.51%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBLACKROCK 40/60 TARGET ALLOCATION FUND
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateFeb 05, 2007
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael 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 40% of its assets and exposure to fixed-income securities in an amount equal to 60% 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 40%/60%, the Fund may have an equity/fixed-income allocation that ranges from 50%/50% to 30%/70%. 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.
BAMPX - Performance
Return Ranking - Trailing
| Period | BAMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.1% | 2.9% | 16.3% | 21.10% |
| 1 Yr | 19.5% | 10.1% | 32.0% | 29.98% |
| 3 Yr | 2.2%* | -14.5% | 6.0% | 47.07% |
| 5 Yr | 5.1%* | -0.8% | 8.6% | 39.42% |
| 10 Yr | 5.2%* | 1.4% | 7.6% | 22.73% |
* Annualized
Return Ranking - Calendar
| Period | BAMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -1.0% | 27.4% | 19.42% |
| 2022 | -17.3% | -35.0% | -7.4% | 64.08% |
| 2021 | 1.4% | -11.5% | 14.6% | 56.72% |
| 2020 | 9.7% | -10.3% | 40.7% | 3.42% |
| 2019 | 13.5% | -9.5% | 22.1% | 10.03% |
Total Return Ranking - Trailing
| Period | BAMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.1% | 2.9% | 16.3% | 21.10% |
| 1 Yr | 19.5% | 10.1% | 32.0% | 29.98% |
| 3 Yr | 2.2%* | -14.5% | 6.0% | 47.07% |
| 5 Yr | 5.1%* | -0.8% | 8.6% | 39.42% |
| 10 Yr | 5.2%* | 1.4% | 7.6% | 22.73% |
* Annualized
Total Return Ranking - Calendar
| Period | BAMPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.1% | 2.6% | 28.2% | 29.50% |
| 2022 | -9.9% | -35.0% | -3.1% | 20.39% |
| 2021 | 8.8% | -11.5% | 32.0% | 29.85% |
| 2020 | 13.5% | -5.4% | 40.7% | 5.26% |
| 2019 | 25.1% | 4.5% | 27.7% | 1.08% |
NAV & Total Return History
BAMPX - Holdings
Concentration Analysis
| BAMPX | Category Low | Category High | BAMPX % Rank | |
|---|---|---|---|---|
| Net Assets | 622 M | 291 K | 50.8 B | 44.50% |
| Number of Holdings | 21 | 2 | 4065 | 64.83% |
| Net Assets in Top 10 | 518 M | 284 K | 10.3 B | 37.56% |
| Weighting of Top 10 | 83.21% | 9.7% | 111.4% | 39.23% |
Top 10 Holdings
- MASTER TOTAL RETURN PORTFOLIO 14.00%
- iShares Core SP 500 ETF 12.19%
- iShares Core Total USD Bond Market ETF 11.90%
- iShares MSCI USA Quality Factor ETF 8.09%
- BlackRock Strategic Income Opportunities Portfolio 7.93%
- iShares SP 500 Growth ETF 7.28%
- BlackRock Cash Funds - Institutional 6.17%
- BlackRock US Mortgage Portfolio 5.86%
- iShares 20+ Year Treasury Bond ETF 4.94%
- iShares MSCI EAFE Growth ETF 4.83%
Asset Allocation
| Weighting | Return Low | Return High | BAMPX % Rank | |
|---|---|---|---|---|
| Stocks | 99.97% | 0.00% | 100.08% | 5.50% |
| Cash | 6.27% | -35.68% | 25.19% | 15.79% |
| Convertible Bonds | 1.56% | 0.00% | 71.77% | 25.85% |
| Preferred Stocks | 0.00% | 0.00% | 21.95% | 59.81% |
| Other | 0.00% | -0.45% | 61.72% | 65.07% |
| Bonds | 0.00% | 0.00% | 79.74% | 70.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BAMPX % Rank | |
|---|---|---|---|---|
| Technology | 22.42% | 0.22% | 27.92% | 7.06% |
| Financial Services | 14.04% | 0.00% | 83.50% | 66.91% |
| Healthcare | 11.91% | 0.00% | 24.25% | 72.02% |
| Consumer Cyclical | 11.12% | 0.00% | 14.20% | 26.76% |
| Industrials | 9.47% | 0.14% | 17.90% | 63.75% |
| Communication Services | 7.56% | 0.00% | 11.11% | 30.41% |
| Energy | 7.41% | 0.00% | 62.93% | 19.71% |
| Consumer Defense | 6.19% | 0.00% | 18.62% | 72.51% |
| Basic Materials | 3.69% | 0.00% | 32.82% | 74.45% |
| Real Estate | 3.61% | 0.00% | 43.16% | 69.83% |
| Utilities | 2.58% | 0.00% | 48.33% | 77.62% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BAMPX % Rank | |
|---|---|---|---|---|
| US | 99.97% | 0.00% | 100.08% | 5.50% |
| Non US | 0.00% | 0.00% | 23.24% | 65.07% |
BAMPX - Expenses
Operational Fees
| BAMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | 21.26% | 75.84% |
| Management Fee | 0.00% | 0.00% | 1.25% | 11.75% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 33.62% |
| Administrative Fee | 0.06% | 0.01% | 0.70% | 31.43% |
Sales Fees
| BAMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.25% | 1.00% | 5.75% | 55.88% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BAMPX 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.
| BAMPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 69.00% | 2.00% | 380.00% | 81.20% |
BAMPX - Distributions
Dividend Yield Analysis
| BAMPX | Category Low | Category High | BAMPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.44% | 0.00% | 7.99% | 62.20% |
Dividend Distribution Analysis
| BAMPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| BAMPX | Category Low | Category High | BAMPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.51% | -1.22% | 6.83% | 59.71% |
Capital Gain Distribution Analysis
| BAMPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2023 | $0.321 | OrdinaryDividend |
| Dec 23, 2022 | $0.300 | OrdinaryDividend |
| Dec 31, 2021 | $0.815 | OrdinaryDividend |
| Dec 31, 2020 | $0.144 | OrdinaryDividend |
| Dec 31, 2019 | $0.283 | OrdinaryDividend |
| Dec 31, 2018 | $0.572 | CapitalGainLongTerm |
| Dec 31, 2018 | $0.233 | OrdinaryDividend |
| Dec 29, 2017 | $0.257 | OrdinaryDividend |
| Dec 30, 2016 | $0.171 | OrdinaryDividend |
| Dec 30, 2015 | $0.108 | CapitalGainShortTerm |
| Dec 30, 2015 | $0.705 | CapitalGainLongTerm |
| Dec 30, 2015 | $0.202 | OrdinaryDividend |
| Dec 29, 2014 | $0.143 | CapitalGainShortTerm |
| Dec 29, 2014 | $0.848 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.301 | OrdinaryDividend |
| Dec 26, 2013 | $0.044 | CapitalGainShortTerm |
| Dec 26, 2013 | $0.301 | CapitalGainLongTerm |
| Dec 26, 2013 | $0.380 | OrdinaryDividend |
| Dec 26, 2012 | $0.157 | OrdinaryDividend |
| Dec 27, 2011 | $0.242 | OrdinaryDividend |
| Dec 28, 2010 | $0.199 | OrdinaryDividend |
| Dec 29, 2009 | $0.175 | OrdinaryDividend |
| Dec 29, 2008 | $0.019 | CapitalGainShortTerm |
| Dec 29, 2008 | $0.169 | CapitalGainLongTerm |
| Dec 29, 2008 | $0.129 | OrdinaryDividend |
| Dec 27, 2007 | $0.208 | OrdinaryDividend |
| Dec 27, 2007 | $0.070 | CapitalGainShortTerm |
| Dec 27, 2007 | $0.072 | CapitalGainLongTerm |
BAMPX - 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 |
|---|---|---|---|
| 0.09 | 28.73 | 6.35 | 2.41 |
