A go-anywhere income solution
Improve your income potential with a tactical, unconstrained strategy that sources opportunities across geographies and asset classes. BlackRock Multi-Asset Income Fund takes a risk-first approach while seeking to deliver a consistently attractive yield.
Performance and positioning update
- Positive stock and bond returns helped the fund deliver positive performance for the month. Many equity indices ended the quarter at record highs amidst a strong earnings and broader growth backdrop.
- We trimmed corporate credit where spreads have compressed in favor of equities, where we believe there is more scope for upside given the strong growth backdrop. We also cut duration and added to TIPs and floating rate in light of stickier inflation and risks to the timing of Fed easing.
The fund has delivered higher yield than global stocks or bonds
Source: Morningstar. Data as of 03/31/24 since strategy inception (11/28/11). Fund data based on Institutional share class. Other share classes will vary. Average fund yield shown is 30-day SEC yield as of 03/31/2024: 6.19% (subsidized); 6.08% (unsubsidized). Core bonds represented by Bloomberg U.S. Aggregate Bond Index. Global equities represented by MSCI World Index. Past performance is no guarantee of future results. Index performance shown for illustrative purposes. It is not possible to invest directly in an index. Must be preceded or accompanied by a prospectus.
Alex Shingler
Co-Head of Income Investing, Multi-Asset Strategies & Solutions
Alex Shingler, CFA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, and Managed Income Fund.
Justin Christofel
Co-Head of Income Investing, Multi-Asset Strategies & Solutions
Justin Christofel, CFA, CAIA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, Managed Income Fund, and Multi-Asset Income model portfolios.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. Refer to blackrock.com for most recent month-end performance.
To obtain more information on the fund, including the standardized average annual total returns as of the most recent calendar quarter and current month-end, please visit Multi-Asset Income Fund.
