Fund Facts  

Inception Date: Dec 21, 2006
CUSIP: 091937136
Ticker Symbol: BAGPX
Morningstar Category:Allocation--50% to 70% Equity
As of Jun 30, 2022
Fund Net Assets ($millions) $1,218

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long term capital appreciation, and current income is also a consideration.

Principal Investment Strategies  

The fund, which is a fund of funds, normally obtains exposure to equity securities in an amount equal to 60% of its assets and exposure to fixed-income securities in an amount equal to 40% 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.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
BlackRock 60/40 Target Alloca-11.93%-16.22%-13.40%5.03%5.69%7.61%5.67%
MSCI ACWI Index (Net)a,b-15.66%-20.18%-15.75%6.21%7.00%8.76%N/A
Morningstar Allocation -- 50% to 70% Equitya,c-10.58%-14.43%-11.07%4.54%5.29%6.69%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.icmarc.org, or institutions can go to www.investments.missionsq.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.64%
Net Expenses0.64%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI All Country World Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of large and mid cap segments of developed and emerging markets. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 31, 2021Dec 31, 2021$1.155125000
Dec 31, 2020Dec 31, 2020$0.552145000
Dec 31, 2019Dec 31, 2019$0.469115000
Dec 31, 2018Dec 31, 2018$0.065690000
Nov 13, 2018Nov 13, 2018$0.753697000
Dec 29, 2017Dec 29, 2017$0.380390000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2022
Period Stars Category Size
Overall 4 Stars709
3-Year 3 Stars709
5-Year 3 Stars645
10-Year 4 Stars476

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Jun 30, 2022
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Moderate
Allocation of Assets As of Mar 31, 2022
Type of Asset Percent
Equity63%
Fixed Income29%
Cash/Other8%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Mar 31, 2022
Asset ClassPercent
Domestic Stock48.9%
Foreign Stock14.2%
Domestic Bond24.8%
Foreign Bond4.2%
Preferred0.0%
Convertible0.3%
Cash7.6%
Other0.1%

Due to rounding, percentages shown may not add up to 100%.

 

Equity Sector As of Mar 31, 2022
SectorPercent
Technology14.1%
Financial Services8.9%
Healthcare7.6%
Consumer Cyclical6.9%
Industrials6.0%
Communication Services4.8%
Energy4.3%
Consumer Defensive4.0%
Basic Materials2.3%
Real Estate2.2%
Utilities1.7%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Credit Quality As of Mar 31, 2022
Quality LevelPercent
AAA54.3%
AA2.3%
A8.9%
BBB14.0%
BB11.3%
B3.5%
Below B1.2%
Not Rated4.5%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Mar 31, 2022
Holding NamePercent
iShares Core S&P Total US Stock Mkt ETF24.1%
iShares ESG Aware MSCI USA ETF16.4%
BlackRock Master Total Return Portfolio16.2%
iShares Core Total USD Bond Market ETF9.4%
iShares MSCI EAFE Value ETF7.2%
iShares MSCI EAFE Growth ETF3.7%
iShares GSCI Cmd Dyn Roll Stgy ETF3.4%
BlackRock Emerging Mkts K3.0%
iShares Fallen Angels USD Bond ETF2.9%
iShares Core S&P Small-Cap ETF2.5%
Fixed Income Sector As of Mar 31, 2022
SectorPercent
Corporate11.7%
Government10.0%
Cash & Equivalents7.6%
Securitized7.2%
Municipal0.2%
Derivative0.0%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
 

Statistics

Portfolio Statistics As of Jun 30, 2022
Statistic3-Year5-Year
Beta0.670.66
Alpha0.330.39
Standard Deviation12.3110.94
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.