Multi Asset

BIICX

Multi-Asset Income Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
7.39 4.61 7.70 - 5.67
Benchmark (%) Index: 50% MSCI World Ind(Net TR)/50% Bar US Agg Ind.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 8.47 5.10 7.48 - -
Morningstar Category Avg. (%) Tactical Allocation 5.82 2.27 5.00 3.51 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 144/355 59/289 17/194 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 1 1 - -
Lipper Category Avg. (%) Flexible Portfolio Funds 7.97 3.17 6.68 4.42 -


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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Key Facts

Key Facts

Size of Class (Millions) as of 02-Dec-2016 $6,327.4 M
Size of Fund (Millions) as of 02-Dec-2016 $13,754.9 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 0.72%
Contractual End Date 30-Nov-2016
Number of Holdings as of 31-Oct-2016 4,474
Max Offer Price as of 02-Dec-2016 $10.58
Open to New Investors Yes
Turnover Percent as of 30-Nov-2016 142%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of 30-Nov-2016 94.25
Beta (3y) as of 30-Nov-2016 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%

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 30-Nov-2016 rated against 251 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-Oct-2016 out of 433, 4,040, 438, 179 and 438 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-Oct-2016
Name Weight (%)
JPMORGAN CHASE & CO - ELN 0.54
ENERGY SELECT SECTOR SPDR FUND - ELN 0.46
SPDR S&P OIL & GAS EXPLORATION & P - ELN 0.39
ENTERPRISE PRODUCTS PARTNERS L.P. 0.33
ENERGY TRANSFER PARTNERS L.P. 0.32
Name Weight (%)
MONSANTO - ELN 0.30
MAGELLAN MIDSTREAM PARTNERS L.P. 0.30
PLAINS ALL AMERICAN PIPELINE L.P. 0.28
KROGER - ELN 0.27
TWENTY FIRST CENTURY FOX INC CLASS - ELN 0.27
as of 31-Oct-2016
Name Weight (%)
ISHARES IBOXX HIGH YIELD CORP BOND 3.94
SPDR BARCLAYS HIGH YIELD BOND ETF 1.28
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.29
BNP PARIBAS SA 144A 7.625 12/31/2049 0.28
EMERA INC. 6.75 06/15/2076 0.24
Name Weight (%)
TRANSCANADA TRUST 5.875 08/15/2076 0.21
ROYAL BANK OF SCOTLAND GROUP PLC 8.625 12/31/2049 0.21
SOCIETE GENERALE SA 144A 7.375 12/31/2049 0.20
STANDARD CHARTERED PLC 144A 7.5 12/31/2049 0.20
CITIGROUP INC 6.25 12/31/2049 0.20

Exposure Breakdowns

Exposure Breakdowns

as of 31-Oct-2016

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 31-Oct-2016

% of Market Value

Sorry, countries/regions are not available at this time.
as of 31-Oct-2016

% 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.

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Literature

Literature

 

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