Multi Asset

BKGPX

60/40 Target Allocation Fund

  • NAV as of Apr 25, 2025 $14.91
    52 WK: 13.86 - 16.91
  • 1 Day NAV Change as of Apr 25, 2025 0.08 (0.54%)
  • NAV Total Return as of Apr 25, 2025 YTD: -0.93%

Overview

About this Fund

1. Core, diversified solution that seeks to deliver attractive risk adjusted returns via broad asset class tilts (equity vs. fixed income) as well as tilts within assets classes (credit vs. rates, emerging markets vs. developed markets, value vs. growth)

2. Constructed in a scalable and cost-efficient way using iShares ETFs and BlackRock mutual funds

3. Seeks to balance the trade-offs between risk and return by focusing on the long term

Investment Approach

BlackRock Target Allocation Funds offer investors a risk-focused, well-diversified, multi-asset investment strategy in a simple, low-fee solution.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 5.28 4.32 10.09 6.57
Morningstar Category Avg. (%) 5.41 4.30 10.14 6.33
Morningstar Ranking 349/707 338/682 306/628 -
Morningstar Quartile 2 2 2 2
Lipper Ranking 214/530 168/524 93/482 -
Lipper Quartile 2 2 1 -
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -0.67 -3.11 -0.67 5.28 13.54 61.68 89.00
Morningstar Category Avg. (%) -0.31 -2.58 -0.31 5.41 13.47 62.05 84.72
  2020 2021 2022 2023 2024
Total Return (%) 17.28 11.40 -15.78 15.70 11.70
Morningstar Category Avg. (%) 11.72 13.89 -13.64 13.78 11.39

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The performance information for periods prior to March 28, 2016, the commencement of operations of the share class, shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. 

The Fund’s returns prior to June 3, 2015 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Growth Prepared Portfolio.”

See the Fund’s prospectus for more details.
Click here for Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 25, 2025
$1,718.5 M
Share Class launch date
Mar 28, 2016
Distribution Frequency
None
Lipper Classification
Mixed-Asset Target Allocation Moderate
Max Offer Price
as of Apr 25, 2025
$14.91
Turnover Percent in the Annual Report
as of Sep 30, 2024
104%
Size of Class (Millions)
as of Apr 25, 2025
$563.0 M
Asset Class
Multi Asset
Morningstar Category
Moderate Allocation
CUSIP
09257E738
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Mar 31, 2025
22
Average Market Cap (Millions)
as of -
-
Fund Standard Deviation (3y)
as of Mar 31, 2025
12.73
Effective Duration
as of Mar 31, 2025
2.19 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-11.82%
Alpha (3y)
as of Mar 31, 2025
-0.06
R-Squared (3y)
as of Mar 31, 2025
99.56
Beta (3y)
as of Mar 31, 2025
1.02
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
12.77%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.32%
Net Expense Ratio 0.30%

Net Expense Ratio excluding Investment Related Expenses is 0.07%

  • Acquired Fund Fees and Expenses 0.23%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Feb 28, 2025)
Analyst-Driven % as of Feb 28, 2025
55.00
Data Coverage % as of Feb 28, 2025
100.00

Lipper Leader

 
 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Mar 31, 2025 out of 524, 4,310, 524, 295 and 522 Funds, respectively in Lipper's Mixed-Asset Target Allocation Moderate classification.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
BLK TOTAL RETURN FUND CLASS K 11.32
ISHARES CORE S&P ETF TRUST 10.70
iShares MSCI USA Quality Factor ET 7.69
iShares U.S. Eqty Fctr Rtn Act ETF 6.88
ISHARES S&P 500 GROWTH ETF TRUST 6.70
Name Weight (%)
STRATEGIC INCOME OPPORTUNITIES FUN 6.21
ISHARES CORE TOTAL USD BOND MARKET 6.15
ISHARES S&P 500 VALUE ETF 5.97
ISHARES 10-20 YEAR TREASURY BOND E 5.12
US MORTGAGE INSTITUTIONAL 4.22
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Top Holdings


Exposure Breakdowns


Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2025

% of Market Value

Type Fund
as of Mar 31, 2025

% of Market Value

Type Fund
as of Mar 31, 2025

% of Market Value

Type Fund
Allocations subject to change.
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Michael Gates, CFA
Michael Gates, CFA
Head of Model Portfolios Solutions, Americas, Multi-Asset Strategies and Solutions

  

Read More

Michael Gates, CFA, is the Head of Model Portfolio Solutions in the Americas for BlackRock's Multi-Asset Strategies & Solutions group and is the lead portfolio manager for BlackRock's Target Allocation and Target Income Series of Managed Portfolios.

 

Michael’s 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. From 1999 to 2009, Michael 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 Michael worked as an analyst responsible for equity risk models at Barra.

 

Michael earned his M.S. in Economics from the University of California, Davis, and a B.S., with honors, from the University of California, Davis.

 

Multi-Asset Strategies and Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Suzanne Ly
Suzanne Ly
Global Head of Model Portfolio Management, Multi-Asset Strategies and Solutions

  

Read More

Suzanne Ly, CFA, FRM, Managing Director, is the Global Head of Models Portfolio Management in BlackRock's Multi-Asset Strategies and Solutions group.

 

The Multi-Asset Strategies and Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of BlackRock's index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and cutting-edge alpha insights. MASS constructs active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels.

 

Prior to joining BlackRock in 2019, Suzanne was a Director at Mellon Capital Management a systematic asset manager in the Multi-Asset Group. She was responsible for the production and implementation of the quantitative models. In addition, she was the lead Portfolio Manager on Mellon's active commodity strategy.

 

Suzanne went through the Grande Ecole system in France and earned a graduate degree in Business Management from ESSEC Business School.

Lisa O'Connor, CFA
Lisa O'Connor, CFA
Global Head of Model Portfolio Solutions and Co-CIO for Global Solutions, Multi-Asset Strategies and Solutions
Read More

Lisa O'Connor, Managing Director, is the Global Head of Model Portfolio Solutions and the Deputy CIO for Solutions. The Multi-Asset Strategies & Solutions (MASS) team is the investment group at the heart of BlackRock's portfolio construction, asset allocation, and active management ecosystem. MASS draws on the full toolkit of BlackRock's index, factor, and alpha-seeking investment capabilities to deliver precise investment outcomes and cutting-edge alpha insights. MASS constructs active asset allocation strategies and whole portfolio solutions across a wide spectrum of commingled funds, separate accounts, model portfolios, and outsourcing solutions in the wealth and institutional channels.

 

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.

 

Before SSGA - Ms. O'Connor was at Mellon Capital Management for fourteen years where she worked extensively in the development and management of quantitative investment strategies. Her last role at Mellon Capital was leading the active fixed income team, with investment strategies ranging from hedge funds to actively managed ETFs. She served as a Senior Portfolio Manager for both the Mellon Global Opportunity Hedge Fund and the Mellon Global Fixed Income Hedge Fund. Ms. O'Connor was named one of the 50 leading women in hedge funds by the Hedge Fund Journal in 2015.

Portfolio Manager

Literature

Literature

 

Funds related to BKGPX

Funds related to BKGPX

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iShares Core 60/40 Balanced Allocation ETF
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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694