BlackRock 80/20 Target Allocation Fund Class K is a multi-asset mutual fund designed to deliver long‑term capital appreciation through a diversified, risk‑aware portfolio. The strategy follows an approximately 80% allocation to equities and 20% to fixed income, implemented primarily via BlackRock’s iShares ETFs and select active strategies, creating broad exposure across U.S., developed international, and emerging markets alongside core bond holdings. As a fund‑of‑funds, it consolidates factor tilts such as quality, growth, value, and momentum with core market beta, and complements them with investment‑grade and aggregate bond exposures for balance. The vehicle emphasizes cost efficiency, with a low net expense ratio for its share class, and maintains a disciplined, benchmark‑aware approach within the moderately aggressive allocation category. Notable underlying positions commonly include large‑cap U.S. equities through index ETFs, developed ex‑U.S. growth and value sleeves, and total U.S. bond market exposure, reflecting a global, diversified core holding intended for long‑horizon portfolios. This structure aims to streamline asset allocation and ongoing portfolio maintenance within a single, professionally managed solution.
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