BlackRock 20/80 Target Allocation Fund Institutional Shares (BICPX)

Fund Assets	443.45M
Expense Ratio	0.344%
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	11.82
YTD Return	2.24%
1-Year Return	3.35%
5-Year Return	7.60%
52-Week Low	11.44
52-Week High	12.19
Beta (5Y)	0.26
Holdings	22
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.

• Fund Family: BlackRock
• Category: Allocation--15% to 30% Equity
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: BICPX
• Index: Bloomberg U.S. Universal TR

Performance

BICPX had a total return of 3.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.66%.

Top 10 Holdings

81.26% of assets

Name	Symbol	Weight
BlackRock Total Return K	MPHQX	16.81%
BlackRock Strategic Income Opps K	BSIKX	11.89%
iShares U.S. Treasury Bond ETF	GOVT	9.78%
iShares Core S&P 500 ETF	IVV	8.98%
iShares 10-20 Year Treasury Bond ETF	TLH	8.95%
iShares Securitized Income Active ETF	SECU	5.95%
iShares Core Total USD Bond Market ETF	IUSB	5.82%
iShares Systematic Bond ETF	SYSB	4.83%
iShares Flexible Income Active ETF	BINC	4.13%
iShares Core International Aggregate Bond ETF	IAGG	4.11%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error