BlackRock 20/80 Target Allocation Fund
Data updated: 2026-08-27
C000050785 — BlackRock 20/80 Target Allocation Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000050785 Fund Overview
BlackRock 20/80 Target Allocation Fund is a US mutual fund managed by BlackRock Funds II, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: BlackRock Funds II
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $459.16M
- 1-year return: 9.5%
- SEC CIK: 0001398078
- SEC series ID: S000018373
- Share class ID: C000050785
C000050785 Investment Objective and Strategy
BlackRock 20/80 Target Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock Funds II.
Investment objective
The investment objective of the BlackRock 20/80 Target Allocation Fund (“20/80 Fund” or the “Fund”) is to seek a balance between long term capital appreciation and high current income, with an emphasis on income.
Principal investment strategy
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 20% of its assets and exposure to fixed-income securities in an amount equal to 80% 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 20%/80%, the Fund may have an equity/fixed-income allocation that ranges from 30%/70% to 10%/90%.
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 Funds 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 Funds 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, when consistent with its investment objective, buy or sell options or futures, or enter into total return swaps and foreign currency transactions (collectively, commonly known as derivatives). The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls). The Fund may use derivatives as a substitute for taking a position in an underlying fund or ETF and such derivative exposure shall be included in the Funds equity or fixed-income asset allocation as determined by Fund management.
The Fund may also use derivatives as part of a strategy designed to reduce exposure to other risks and to enhance returns, in which case their use would involve leveraging risk.
C000050785 Holdings
Top 10 holdings of BlackRock 20/80 Target Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BlackRock Bond Fund, Inc. | 16.85% |
| Blackrock Funds V | 11.86% |
| Ishares Trust | 9.85% |
| Ishares Trust | 9.21% |
| Ishares Trust | 8.74% |
| Blackrock ETF Trust Ii | 5.92% |
| Ishares Trust | 5.85% |
| Ishares Trust | 4.87% |
| Ishares Trust | 4.15% |
| Blackrock ETF Trust Ii | 4.14% |
C000050785 Portfolio Allocation
Asset-class allocation of BlackRock 20/80 Target Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.2% |
C000050785 Performance
Total returns for C000050785 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.0% |
| 1 year | 9.5% |
| 3 years (annualised) | 8.2% |
| 5 years (annualised) | 2.8% |
C000050785 Risk Information
Risk metrics for C000050785, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.2%
C000050785 Costs and Fees
C000050785 costs about $33 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.33%
- Gross expense ratio: 0.53%
- Portfolio turnover: 50%
- Brokerage commissions: 1.92 bps of average net assets (SEC N-CEN)
C000050785 Cashflows
Over the 12 months to 2026-06, BlackRock 20/80 Target Allocation Fund had net inflows of $1.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $777.63K |
| 2026-05 | $2.32M |
| 2026-04 | −$4.49M |
| 2026-03 | $2.19M |
| 2026-02 | $3.63M |
| 2026-01 | −$3.93M |
C000050785 Debt Constituents
No individual debt constituents are reported in BlackRock 20/80 Target Allocation Fund's latest SEC N-PORT filing.
C000050785 Prospectus and SEC Filings
Official BlackRock 20/80 Target Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-27
- Prospectus (485BPOS) — filed 2025-01-27
- Prospectus (485BPOS) — filed 2024-01-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2023-12-11
- Annual census (N-CEN) — filed 2022-12-09
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.