BlackRock 80/20 Target Allocation Fund
BlackRock Funds II
Fund classification
Classified from what the fund holds · as of 2026 Q2
BlackRock 80/20 Target Allocation Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2026 Q1
The investment objective of the BlackRock 80/20 Target Allocation Fund ( 80/20 Fund or the Fund) is to seek long term capital appreciation. Current income is not a consideration.
The fund is a fund of funds that obtains 80% exposure to equity securities and 20% exposure to fixed-income securities primarily through investments in underlying funds, including affiliated open-end funds and exchange-traded funds. Equity underlying funds may invest in domestic and international equities, real estate-related securities, or commodity-related instruments, while fixed-income underlying funds may invest in bonds, government securities, mortgage-backed securities, high-yield bonds, and cash instruments. The portfolio managers may vary the equity and fixed-income allocation by up to 10 percentage points from the stated targets based on market conditions. Because the fund's returns depend on the performance of the underlying funds selected, performance will diverge from any benchmark by the degree to which those underlying funds diverge from their own benchmarks.
| Share class | Gross | Net |
|---|---|---|
| C000050684 | 0.47% | 0.32% |
| C000050685 | 0.72% | 0.66% |
| C000050686 | 1.42% | 1.40% |
| C000050687 | 1.03% | 0.82% |
| C000166010 | 0.32% | 0.30% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 52.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.80% |
| Cash & short-term | 0.33% |
Latest quarter
What changed since the fund's previous filing
Exited: iShares Trust
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | ISHARES TRUST | 22.54% | $748.89 | $610.35M | 815.0K |
| — | International Tilts Master for BR_AGR | 10.06% | $26.18 | $272.47M | 10.4M |
| — | BLACKROCK ETF TRUST | 9.14% | $68.01 | $247.46M | 3.6M |
| — | iShares Trust | 8.94% | $137.53 | $242.14M | 1.8M |
| — | iShares Trust | 7.01% | $227.06 | $189.70M | 835.5K |
| — | ISHARES INC | 6.00% | $82.84 | $162.41M | 2.0M |
| MPHQX | BlackRock Bond Fund, Inc.MPHQX | 4.97% | $9.92 | $134.56M | 13.6M |
| BTEKX | BlackRock FundsBTEKX | 4.22% | $111.83 | $114.36M | 1.0M |
| — | BLACKROCK ETF TRUST | 3.99% | $50.37 | $108.13M | 2.1M |
| — | ISHARES TRUST | 3.99% | $100.35 | $107.99M | 1.1M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 80.87% of net assets, top 25 100.13%, across 11 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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