Multi Asset

BIICX

Multi-Asset Income Fund

Overview

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Performance

Performance

  • Returns



The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Earning an attractive yield takes double the risk
Income investors are being pushed to extremes and need help rebalancing portfolios.
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Earning an attractive yield takes double the risk Icon calender
Income investors are being pushed to extremes and need help rebalancing portfolios.

Key Facts

Key Facts

Size of Class (Millions) as of 24-Feb-2017 $6,819.0 M
Size of Fund (Millions) as of 24-Feb-2017 $14,381.1 M
Share Class launch date 07-Apr-2008
Asset Class MultiAsset
Morningstar Category Tactical Allocation
Lipper Classification Flexible Portfolio Funds
Benchmark Index 50% MSCI World Ind(Net TR)/50% Bar US Agg Ind
CUSIP 09256H336
Net, Excluding Investment Related Expenses 0.55%
Gross Expense Ratio 0.73%
Contractual End Date 30-Nov-2017
Number of Holdings as of 31-Jan-2017 4,387
Max Offer Price as of 24-Feb-2017 $10.85
Open to New Investors Yes
Turnover Percent as of 31-Jan-2017 142%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of 31-Jan-2017 94.36
Beta (3y) as of 31-Jan-2017 0.82
Best 3-Month Return Over the Last 3 Years 3 months ending 31-May-2016 5.32%
Worst 3-Month Return Over the Last 3 Years 3 months ending 31-Jan-2016 -3.47%
Standard Deviation (3y) as of 31-Jan-2017 4.67

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Multi-Asset Income Fund, Class Inst, as of 31-Jan-2017 rated against 250 Tactical Allocation Funds.

Lipper Leader

 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of 31-Jan-2017 out of 435, 4,142, 440, 169 and 444 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective 25-May-2016) ‡

Holdings

Holdings

as of 31-Jan-2017
Name Weight (%)
COMCAST A CORP - ELN 0.46
ENTERPRISE PRODUCTS PARTNERS L.P. 0.42
MAGELLAN MIDSTREAM PARTNERS L.P. 0.40
ENERGY TRANSFER PARTNERS L.P. 0.38
PLAINS ALL AMERICAN PIPELINE L.P. 0.33
Name Weight (%)
MPLX COMMON UNITS 0.30
AMAZON COM INC - ELN 0.26
MASTERCARD INC CLASS A - ELN 0.26
ACTIVISION BLIZZARD INC - ELN 0.26
CBS CORP- CLASS B - ELN 0.26
as of 31-Jan-2017
Name Weight (%)
ISHARES IBOXX HIGH YIELD CORP BOND 2.27
SPDR BLOOMBERG BARCLAYS HIGH YIELD 0.77
JPM CHASE CAPITAL XXIII 1.90567 05/15/2047 0.37
ROYAL BANK OF SCOTLAND GROUP PLC 8.625 12/31/2049 0.36
BARCLAYS PLC RegS 7.875 12/31/2049 0.34
Name Weight (%)
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.29
ENBRIDGE INC 6 01/15/2077 0.28
LSTAR_16-6 A 144A 0.24
STWH_16-NPLA1 NOTE 144A 0.22
SOCIETE GENERALE SA 144A 7.375 12/31/2049 0.21

Exposure Breakdowns

Exposure Breakdowns

as of 31-Jan-2017

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Jan-2017

% of Market Value

Sorry, countries/regions are not available at this time.
as of 31-Jan-2017

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.
Tactical asset allocation in action
Tactical asset allocation in action
See how Multi-Asset Income Fund manages income for a better outcome.
Tactical asset allocation in action
Tactical asset allocation in action Tactical asset allocation in action
See how Multi-Asset Income Fund manages income for a better outcome.

Portfolio Managers

Portfolio Managers

Michael Fredericks
Head of Income Investing for BlackRock Multi-Asset Strategies Team
Justin Christofel
Portfolio Manager, Multi-Asset Portfolio Strategies
Alex Shingler
Portfolio Manager, Multi-Asset Portfolio Strategies
Portfolio Manager

Team's Commentary

Get timely market outlooks, thought leadership and portfolio positioning insights from the investment team.

Read the Team's Commentary

Literature

Literature

 

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