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BLACKROCK SUSTAINABLE BALANCED FUND, INC.
mutual fund
MKCPX
Payout Change
Pending
Price as of:
$27.92
-0.07
-0.25%
primary theme
U.S. Balanced Allocation
share class
MKCPX (Mutual Fund)
BLACKROCK SUSTAINABLE BALANCED FUND, INC.
Payout Change
Pending
Price as of:
$27.92
-0.07
-0.25%
primary theme
U.S. Balanced Allocation
share class
MKCPX (Mutual Fund)
BLACKROCK SUSTAINABLE BALANCED FUND, INC.
Payout Change
Pending
Price as of:
$27.92
-0.07
-0.25%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/09/2024Price
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
16.1%
1 yr return
20.0%
3 Yr Avg Return
5.0%
5 Yr Avg Return
9.5%
Net Assets
$1.65 B
Holdings in Top 10
18.4%
52 WEEK LOW AND HIGH
$28.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
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
MKCPX - Profile
Distributions
- YTD Total Return 16.1%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 9.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.90%
- Dividend Yield 4.9%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameBLACKROCK SUSTAINABLE BALANCED FUND, INC.
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateJan 26, 2018
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPhilip Green
Fund Description
The Fund invests in a combination of equity securities, fixed-income securities and derivatives. The proportion the Fund invests in each category at any given time depends on Fund management’s view of how attractive that category appears relative to the others. The Fund intends to invest at least 25% of its assets in equity securities and at least 25% of its assets in senior fixed income securities, such as U.S. government debt securities, corporate debt securities, and mortgage-backed and asset-backed securities.
The Fund seeks to maintain certain ESG characteristics, climate risk exposure and climate opportunities relative to the blended benchmark, which is comprised as follows: 60% MSCI All Country World Index, 40% Bloomberg U.S. Aggregate Bond Index (the “Blended Benchmark”). Specifically, the Fund generally seeks to invest in a portfolio that, in BlackRock’s view, (i) has an aggregate ESG assessment that is better than that of the Blended Benchmark, (ii) has an aggregate carbon emissions assessment that is lower than that of the Blended Benchmark, and (iii) in the aggregate, includes issuers that BlackRock believes are better positioned to capture climate opportunities relative to the issuers in the Blended Benchmark. The Fund may invest in other sectors that are not included in such assessments.
With respect to the Fund’s equity investments, the Fund primarily intends to invest in equity securities or other financial instruments that are components of, or have characteristics similar to, the securities included in the MSCI All Country World Index (the “ACWI”). The ACWI is a capitalization-weighted index from a broad range of industries chosen for market size, liquidity and industry group representation. In selecting equity investments, the Fund primarily uses proprietary return forecast models that incorporate quantitative analysis. Equity securities include common stock and preferred stock. The Fund primarily seeks to buy common stock and may also invest in preferred stock. From time to time, the Fund may invest in shares of companies through “new issues” or initial public offerings (“IPOs”). The Fund may also purchase convertible securities. The Fund may invest in securities of both U.S. or non-U.S. issuers without limit, which can be U.S. dollar based or non-U.S. dollar based and may be currency hedged or unhedged. The Fund may invest in securities of companies of any market capitalization.
With respect to the Fund’s fixed-income investments, the Fund will invest primarily using model-based asset allocation and security selection models. The Fund may invest in obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, including U.S. agency mortgage pass-through securities; commercial mortgage-backed securities; mortgage to-be-announced (“TBA”) securities; debt obligations of U.S. issuers, including corporate bonds and green bonds (which are bonds with proceeds that are used to fund eligible projects with specific environmental benefits); municipal securities; asset-backed securities; and U.S.-registered dollar-denominated debt obligations of foreign issuers. The Fund may invest in bonds issued by companies located in countries other than the United States, including companies in emerging markets. These securities may have all types of interest rate payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features. The Fund seeks to invest a substantial portion of its assets in U.S.-registered, dollar-denominated bonds. The Fund may invest up to 10% of its assets in securities rated below investment grade (“high yield” or “junk” bonds). The Fund may invest in bonds of any maturity or duration.
The Fund may invest a significant portion of its fixed income holdings in U.S. agency mortgage pass-through securities, which are securities issued by entities such as the Government National Mortgage Association (“GNMA”) and the Federal National Mortgage Association that are backed by pools of mortgages. Most transactions in mortgage pass-through securities occur through standardized contracts for future delivery in which the exact mortgage-backed securities to be delivered are not specified until a few days prior to settlement. The Fund expects to enter into such contracts on a regular basis. The Fund may also seek to gain exposure to mortgage or government-backed securities that fund societal opportunity projects or environmental development, among other ESG related issues.
The Fund may use derivatives, including options, futures, swaps (including, but not limited to, total return swaps) forward contracts and various other instruments, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets. The Fund may also invest in indexed and inverse securities.
To determine the Fund’s investable universe, Fund management will first seek to screen out certain issuers based on ESG criteria determined by BlackRock, subject to the considerations noted below. Such screening criteria principally includes: (i) issuers that derive more than zero percent of revenue from the production of controversial weapons; (ii) issuers that derive more than zero percent of revenue from the production of civilian firearms; (iii) issuers that derive more than zero percent of revenue from the production of tobacco-related products; (iv) issuers that derive more than five percent of revenue from thermal coal generation, unless such issuers either (a) have made certain commitments to reduce climate impact or (b) derive at least fifty percent of revenue from alternative energy sources; (v) issuers that derive more than five percent of revenue from thermal coal mining; and (vi) issuers identified as
violators of the United Nations Global Compact, which are globally accepted principles covering corporate behavior in the areas of human rights, labor, environment, and anti-corruption. Notwithstanding the foregoing, the Fund may invest in green bonds of issuers that exceed the thresholds stated in (iv) and (v) above. The Fund relies on one or more third-party ratings agencies to identify issuers for purposes of the above screening criteria. Third-party rating agencies may base the above screening criteria on an estimate when revenue for a covered business activity is not disclosed by the issuer or publicly available.
The Fund’s screening criteria is measured at the time of investment and is dependent upon information and data that may be incomplete, inaccurate, unavailable or estimated. Where the Fund’s criteria looks solely to third-party ratings or data, issuers are only screened to the extent such ratings or data have been assigned or made available by the third parties. This screening criteria is subject to change over time at BlackRock’s discretion. In addition, the Fund may gain indirect exposure (through, including but not limited to, derivatives and investments in other investment companies) to issuers with exposures that are inconsistent with the ESG-related criteria used by Fund management.
Fund management selects and weights securities based on an issuer’s ability to manage the ESG risks to which its business is exposed, as determined by BlackRock. Fund management makes such determinations based on BlackRock’s ESG research, which includes due diligence of the ESG risks and opportunities facing an issuer, as well as third-party ESG ratings. BlackRock researches and develops investment insights related to economic transition, which include target carbon transition readiness and climate opportunities.
While Fund management considers ESG characteristics as well as climate risk exposure and climate opportunities, only one or two of these categories may be considered with respect to a particular investment or sector, and categories may be weighted differently according to the type of investment being considered.
MKCPX - Performance
Return Ranking - Trailing
| Period | MKCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.1% | -2.2% | 85.5% | 27.86% |
| 1 Yr | 20.0% | -0.9% | 87.3% | 25.22% |
| 3 Yr | 5.0%* | -3.9% | 24.1% | 24.89% |
| 5 Yr | 9.5%* | -2.5% | 23.9% | 12.76% |
| 10 Yr | N/A* | 1.2% | 14.4% | 4.30% |
* Annualized
Return Ranking - Calendar
| Period | MKCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.3% | -12.2% | 23.9% | 17.67% |
| 2022 | -18.7% | -34.7% | 2.8% | 54.64% |
| 2021 | 3.5% | -11.9% | 18.1% | 60.49% |
| 2020 | 10.5% | -20.9% | 39.7% | 22.13% |
| 2019 | 15.5% | 0.8% | 25.7% | 30.62% |
Total Return Ranking - Trailing
| Period | MKCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.1% | -2.2% | 85.5% | 27.86% |
| 1 Yr | 20.0% | -0.9% | 87.3% | 25.22% |
| 3 Yr | 5.0%* | -3.9% | 24.1% | 24.89% |
| 5 Yr | 9.5%* | -2.5% | 23.9% | 12.76% |
| 10 Yr | N/A* | 1.2% | 14.4% | 4.12% |
* Annualized
Total Return Ranking - Calendar
| Period | MKCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.0% | -12.2% | 26.8% | 15.61% |
| 2022 | -15.4% | -29.0% | 10.9% | 57.63% |
| 2021 | 16.7% | -3.0% | 27.3% | 13.43% |
| 2020 | 15.5% | -19.5% | 40.6% | 24.07% |
| 2019 | 21.9% | 2.2% | 32.7% | 18.97% |
NAV & Total Return History
MKCPX - Holdings
Concentration Analysis
| MKCPX | Category Low | Category High | MKCPX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.65 B | 861 K | 235 B | 34.36% |
| Number of Holdings | 1118 | 2 | 16143 | 8.54% |
| Net Assets in Top 10 | 305 M | 859 K | 66.9 B | 59.50% |
| Weighting of Top 10 | 18.44% | 10.8% | 122.7% | 92.49% |
Top 10 Holdings
- Apple Inc 3.06%
- Microsoft Corp 2.74%
- NVIDIA Corp 2.57%
- iShares Russell 1000 Value ETF 2.19%
- United States Treasury Note/Bond 2.06%
- Amazon.com Inc 1.59%
- United States Treasury Note/Bond 1.22%
- United States Treasury Note/Bond 1.17%
- Alphabet Inc 0.93%
- United States Treasury Note/Bond 0.91%
Asset Allocation
| Weighting | Return Low | Return High | MKCPX % Rank | |
|---|---|---|---|---|
| Stocks | 61.83% | 0.00% | 100.10% | 68.19% |
| Bonds | 37.48% | 0.00% | 75.29% | 14.58% |
| Cash | 0.84% | -7.92% | 100.00% | 61.71% |
| Other | 0.34% | -42.55% | 113.97% | 26.22% |
| Preferred Stocks | 0.17% | 0.00% | 24.59% | 14.58% |
| Convertible Bonds | 0.15% | 0.00% | 23.84% | 83.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MKCPX % Rank | |
|---|---|---|---|---|
| Technology | 25.78% | 0.00% | 44.21% | 8.04% |
| Financial Services | 15.01% | 0.00% | 38.77% | 44.05% |
| Healthcare | 14.11% | 0.00% | 29.35% | 42.71% |
| Consumer Cyclical | 10.03% | 0.00% | 19.36% | 46.58% |
| Industrials | 8.15% | 0.00% | 24.37% | 84.67% |
| Communication Services | 8.10% | 0.00% | 38.10% | 33.33% |
| Consumer Defense | 6.59% | 0.00% | 15.14% | 52.08% |
| Energy | 3.85% | 0.00% | 85.65% | 72.32% |
| Real Estate | 3.43% | 0.00% | 65.01% | 46.28% |
| Utilities | 2.62% | 0.00% | 99.55% | 62.65% |
| Basic Materials | 2.31% | 0.00% | 25.57% | 81.70% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MKCPX % Rank | |
|---|---|---|---|---|
| US | 42.37% | 0.00% | 100.10% | 84.54% |
| Non US | 19.47% | 0.00% | 42.80% | 2.06% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MKCPX % Rank | |
|---|---|---|---|---|
| Securitized | 13.57% | 0.00% | 92.13% | 64.09% |
| Corporate | 11.96% | 0.00% | 98.21% | 93.32% |
| Government | 8.81% | 0.00% | 97.26% | 87.09% |
| Cash & Equivalents | 0.84% | 0.00% | 99.92% | 55.38% |
| Municipal | 0.37% | 0.00% | 24.80% | 36.35% |
| Derivative | 0.34% | -4.58% | 41.29% | 4.27% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MKCPX % Rank | |
|---|---|---|---|---|
| US | 37.48% | 0.00% | 75.29% | 13.11% |
| Non US | 0.00% | 0.00% | 15.37% | 22.68% |
MKCPX - Expenses
Operational Fees
| MKCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | 27.98% | 89.75% |
| Management Fee | 0.42% | 0.00% | 1.83% | 50.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 2.42% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| MKCPX 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
| MKCPX 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.
| MKCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.83% | 343.00% | 0.63% |
MKCPX - Distributions
Dividend Yield Analysis
| MKCPX | Category Low | Category High | MKCPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.86% | 0.00% | 17.90% | 27.49% |
Dividend Distribution Analysis
| MKCPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
| MKCPX | Category Low | Category High | MKCPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.90% | -2.34% | 13.92% | 63.87% |
Capital Gain Distribution Analysis
| MKCPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 18, 2024 | $0.680 | OrdinaryDividend |
| Jul 18, 2024 | $0.100 | CapitalGainLongTerm |
| Dec 19, 2023 | $0.224 | OrdinaryDividend |
| Jul 20, 2023 | $0.542 | OrdinaryDividend |
| Jul 14, 2022 | $0.861 | OrdinaryDividend |
| Dec 21, 2021 | $3.275 | OrdinaryDividend |
| Jul 15, 2021 | $0.088 | OrdinaryDividend |
| Dec 22, 2020 | $0.817 | OrdinaryDividend |
| Dec 22, 2020 | $0.171 | OrdinaryDividend |
| Jul 16, 2020 | $0.146 | OrdinaryDividend |
| Dec 20, 2019 | $0.318 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.545 | CapitalGainLongTerm |
| Dec 20, 2019 | $0.227 | OrdinaryDividend |
| Jul 18, 2019 | $0.207 | OrdinaryDividend |
| Dec 20, 2018 | $0.215 | OrdinaryDividend |
| Dec 20, 2018 | $0.614 | CapitalGainShortTerm |
| Dec 20, 2018 | $0.603 | CapitalGainLongTerm |
| Jul 19, 2018 | $0.235 | OrdinaryDividend |
MKCPX - Fund Manager Analysis
Managers
Philip Green
Start Date
Tenure
Tenure Rank
Dec 31, 2006
15.42
15.4%
Philip Green, ortfolio Manager，Primarily responsible for the day-to-day management of the Master Portfolio since 2016, including setting the Master Portfolio’s overall investment strategy and overseeing the management of the Master Portfolio. managing Director of BlackRock, Inc. since 2006
Raffaele Savi
Start Date
Tenure
Tenure Rank
Jun 12, 2017
4.97
5.0%
Raffaele Savi, Managing Director, is Co-CIO of Active Equity and Co-Head of Systematic Active Equity (SAE). He is responsible for BlackRock's North American, European, and Developed Market Equity Strategies. He is a member of the Global Operating and Human Capital Committees. Prior to moving to his current role in 2010, Mr. Savi was the investment lead for the US Equity team within the Scientific Active Equity group. Mr. Savi's service with the firm dates back to 2006, including his years with Barclay's Global Investors (BGI), which merged with BlackRock in 2009.
Richard Mathieson
Start Date
Tenure
Tenure Rank
Jun 12, 2017
4.97
5.0%
Richard Mathieson, CA, Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal at Barclays Global Investors from 2008 to 2009; Equity Analyst for Exista UK from 2007 to 2008; Principal at Barclays Global Investors from 2005 to 2007; Associate of Barclays Global Investors from 2001 to 2005. Mr. Mathieson is a member of the Systematic Active Equity division within BlackRock's Active Equities Group. He is a Portfolio Manager responsible for global equity strategies. Prior to this he led the Investment Strategy team in EMEA for Scientific Active Equity. Mr. Mathieson's service with the firm dates back to 2002, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Prior to rejoining BGI in 2008, Mr. Mathieson was an equity analyst for a specialist investment company focused on European financial stocks. Previously he was with BGI as a senior portfolio manager, where he was responsible for managing both long only and market neutral strategies. Prior to joining the BlackRock, Inc. in 1999, Robert was a mortgage banking specialist at Ohio Savings Bank. Mr. Mathieson qualified as a Chartered Accountant with PricewaterhouseCoopers in 2000, and holds a Bachelor of Accountancy from the University of Glasgow
Scott Radell
Start Date
Tenure
Tenure Rank
Apr 04, 2022
0.16
0.2%
Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.
Michael Pensky
Start Date
Tenure
Tenure Rank
Apr 04, 2022
0.16
0.2%
Michael Pensky, CFA, Vice President and Associate, is a researcher and portfolio manager in the GTAA team. The team is responsible for managing global tactical asset allocation products with custom client preferences and constraints. Mr. Pensky’s service with the firm dates back to 2011. Prior to joining BlackRock, Mr. Pensky held a trading desk strategist position in Morgan Stanley’s Securitized Products Group and had worked as a senior analyst in Foreign Exchange Sales & Trading at SunTrust Robinson Humphrey.
Anna Hawley
Start Date
Tenure
Tenure Rank
Apr 04, 2022
0.16
0.2%
Director of BlackRock, Inc. since 2009; Principal of BGI from 2007 to 2009; Associate of BGI from 2002 to 2007;
Daniel Felder
Start Date
Tenure
Tenure Rank
Apr 04, 2022
0.16
0.2%
Director of BlackRock, Inc. since 2021; Vice President of BlackRock, Inc. from 2017 to 2020; Associate of BlackRock, Inc. from 2014 to 2016; Analyst of BlackRock, Inc. from 2011 to 2013.
Joel Silva
Start Date
Tenure
Tenure Rank
Apr 04, 2022
0.16
0.2%
Silva has been employed by BGFA and BGI as a Portfolio Manager since July 2007. Prior to becoming a Portfolio Manager, he was employed as a Managing Director for Stone & Youngberg LLC where he traded and underwrote municipal securities from 2002 to 2007.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
