Fund Evaluator:
BlackRock 40/60 Target Allocation Inv A (BAMPX)
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Best Performing in Moderately Conservative Allocation Over the Last Year
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Fund Details
BlackRock 40/60 Target Allocation Inv A Overview
BlackRock 40/60 Target Allocation Inv A (BAMPX) is an actively managed Allocation Moderately Conservative Allocation fund. BlackRock launched the fund in 2006.
The investment seeks a balance between long term capital appreciation and high current income, with an emphasis on income. 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 have indirect exposure to derivative instruments through its investments in certain underlying funds.
About BlackRock 40/60 Target Allocation Inv A (BAMPX)
There are 3 members of the management team with an average tenure of 6.74 years: Michael Gates (2015), Lisa O'Connor (2019), Suzanne Ly (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100%, MSCI USA NR USD index with a weighting of 12%, Bloomberg US Universal TR USD index with a weighting of 60% and MSCI ACWI NR USD index with a weighting of 28%. BlackRock 40/60 Target Allocation Inv A has 25 securities in its portfolio. The top 10 holdings constitute 72.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BlackRock 40/60 Target Allocation Inv A is part of the Allocation global asset class and is within the Allocation fund group. BlackRock 40/60 Target Allocation Inv A has 16.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 32.7%. There is 4.3% allocated to foreign stock, and 0.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 67.7% (55.5% domestic bond, 12.2% foreign bond and 0.2% convertible bond). BlackRock 40/60 Target Allocation Inv A has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $302 million in total assets, which is below the $561 million average for the Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BAMPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BlackRock 40/60 Target Allocation Inv A expense ratio is above average compared to funds in the Moderately Conservative Allocation category. BlackRock 40/60 Target Allocation Inv A has an expense ratio of 0.68%, which is 32% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BlackRock 40/60 Target Allocation Inv A has a portfolio turnover rate of 47%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.
Recently, in the month of July 2026, BlackRock 40/60 Target Allocation Inv A returned -1.7%, which earned it a grade of F, as the Moderately Conservative Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BlackRock 40/60 Target Allocation Inv A has a trailing yield of 2.91%, which is below the 3.29% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BlackRock 40/60 Target Allocation Inv A Grades
Year to date, the fund has returned 5.1%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 11.3% over the past year (grade of B), 10.0% over the past three years (grade of B) and 4.5% per year over the past five years (grade of C) and 6.4% per year over the past 10 years (grade of B).
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BAMPX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BAMPX Return (NAV) | -1.7% | 1.7% | 11.3% | 10.0% | 4.5% | 6.4% |
| BAMPX Grade | F | B | B | B | C | B |
| +/- Category | -1.3% | 0.5% | 0.9% | 0.6% | -0.1% | 0.5% |
| Moderately Conservative Allocation Avg | -0.3% | 1.2% | 10.4% | 9.4% | 4.6% | 6.0% |
| BAMPX Tax Cost Ratio | na | na | 1.7% | 1.3% | 1.4% | 1.3% |
BAMPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BAMPX Return (NAV) | 5.1% | 13.1% | 8.3% | 11.8% | -15.1% | 7.6% | 14.4% | 16.2% | -4.1% | 11.3% | 4.0% |
| BAMPX Grade | B | B | C | A | F | D | A | B | C | B | F |
| +/- Category | 0.3% | 1.6% | -0.0% | 1.8% | -3.3% | -2.4% | 6.3% | 0.6% | 0.2% | 1.5% | -4.5% |
| Moderately Conservative Allocation Avg | 4.8% | 11.5% | 8.3% | 10.0% | -11.8% | 10.0% | 8.1% | 15.6% | -4.3% | 9.8% | 8.5% |
| Risk Measures | |
| Standard Deviation: | 8.2% |
| Total Risk Index: | 0.67 - Below Average |
| Category Risk Index: | 1.12 - High |
| Category Risk Grade: | F (89% Rank) |
| Beta: | 0.86 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $792 Mil |
| Fund Total Assets: | $ 303 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 47% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 6.7 years | |||
| Managers (Year): Gates Michael (2015), O'Connor Lisa (2019), Ly Suzanne (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 25 |
| % in Top 10 Holdings: | 72.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 16.5% |
Portfolio Allocation |
|
| Domestic Stock: | 32.7% |
| Foreign Stock: | 4.3% |
| Preferred Stock: | 0.3% |
| Domestic Bond: | 55.5% |
| Foreign Bond: | 12.2% |
| Convertible Bond: | 0.2% |
| Other: | -5.3% |
| Cash: | 0.2% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | December 21, 2006 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.68% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | BlackRock 40/60 Target Allocation Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
