BlackRock Balanced Capital is being revamped. The changes include swapping out its bond managers, an increased focus on ESG, and inclusion of international equity exposure. As a result, the People rating is downgraded to Above Average from High while the new managers settle in, and the fund maintains its Average Process rating. The fund’s cheapest share classes are downgraded to Bronze from Silver and the more expensive share classes are rated Neutral.
Will MACPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MACPX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MACPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MACPX’s parent organization’s priorities and whether they’re in line with investors’ interests.