BlackRock 20/80 Target Allocation Fund Institutional Shares (BICPX)
| Fund Assets | 443.45M |
| Expense Ratio | 0.33% |
| Min. Investment | $2,000,000 |
| Turnover | 94.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 4.31% |
| Dividend Growth | 6.77% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 11.85 |
| YTD Return | 2.32% |
| 1-Year Return | 11.61% |
| 5-Year Return | 14.90% |
| 52-Week Low | 10.34 |
| 52-Week High | 11.89 |
| Beta (5Y) | n/a |
| Holdings | 21 |
| Inception Date | Dec 21, 2006 |
About BICPX
BlackRock 20/80 Target Allocation Fund Institutional Shares is a diversified mutual fund designed to provide a blend of income and moderate capital appreciation through a strategic allocation of assets. By employing a fund-of-funds approach, it primarily invests 80% of its portfolio in fixed income securities and 20% in equities, aiming for enhanced current income with lower overall portfolio volatility. The fund leverages a mix of BlackRock-managed ETFs and actively managed mutual funds to achieve broad exposure across multiple asset classes, geographies, and sectors. Notable bond holdings include U.S. Treasury and aggregate bond ETFs, complemented by select mortgage-backed and global bond funds, while equity allocations focus mainly on large-cap U.S. stocks with some international exposure. This conservative allocation makes the fund particularly relevant for investors seeking income generation and risk mitigation rather than aggressive growth. Managed by BlackRock’s experienced multi-asset team, the fund emphasizes disciplined rebalancing and cost efficiency, with a competitive expense ratio and a turnover policy that adapts to changing market conditions. It does not pursue a dedicated ESG strategy, but does offer transparency on sustainability metrics for informational purposes.
Performance
BICPX had a total return of 11.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.43%.
Top 10 Holdings
79.72% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Total Return Fund Class K Shares | MPHQX | 16.97% |
| iShares 10-20 Year Treasury Bond ETF | TLH | 12.81% |
| BlackRock Strategic Income Opportunities Portfolio Class K | BSIKX | 12.03% |
| iShares Flexible Income Active ETF | BINC | 7.98% |
| iShares Securitized Income Active ETF | MSUMX | 5.99% |
| iShares Core Total USD Bond Market ETF | IUSB | 5.96% |
| iShares Core International Aggregate Bond ETF | IAGG | 5.92% |
| iShares S&P 500 Value ETF | n/a | 4.94% |
| iShares Convertible Bond ETF | ICVT | 3.98% |
| iShares S&P 500 Growth ETF | IVW | 3.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.51209 | Dec 30, 2025 |
| Dec 24, 2024 | $0.47962 | Dec 26, 2024 |
| Dec 22, 2023 | $0.37871 | Dec 26, 2023 |
| Dec 23, 2022 | $0.36405 | Dec 27, 2022 |
| Dec 31, 2021 | $0.60938 | Jan 3, 2022 |
| Dec 31, 2020 | $0.55412 | Jan 4, 2021 |