Multi Asset

BIICX

Multi-Asset Income Fund

Overview

Loading

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.
0.74 4.25 5.70 - 5.46
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. 1.80 5.68 5.43 - -
Morningstar Category Avg. (%) Tactical Allocation -2.24 2.51 2.69 3.59 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 102/351 98/284 15/188 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 2 1 - -
Lipper Category Avg. (%) Flexible Portfolio Funds -1.83 3.37 3.70 4.46 -
Lipper Ranking Rankings are based on total return excluding sales charges. 176/583 179/424 69/295 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 2 1 - -


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.

Performance chart data not available for display.
View full chart

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart

Key Facts

Key Facts

Size of Class (Millions) as of 26-Aug-2016 $5,983.7 M
Size of Fund (Millions) as of 26-Aug-2016 $13,519.1 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 0.74%
Number of Holdings as of 29-Jul-2016 4,222
Max Offer Price as of 25-Aug-2016 $10.79
Open to New Investors Yes
Turnover Percent as of 31-Jul-2016 151%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of 29-Jul-2016 93.72
Beta (3y) as of 29-Jul-2016 0.81
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%
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-Jul-2016 rated against 284 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-Jul-2016 out of 432, 4,041, 432, 176 and 435 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 29-Jul-2016
Name Weight (%)
ENERGY SELECT SECTOR SPDR FUND - ELN 0.48
MORGAN STANLEY - ELN 0.43
SPDR S&P OIL & GAS EXPLORATION & P - ELN 0.39
AMAZON COM INC - ELN 0.37
VISA INC CLASS A - ELN 0.35
Name Weight (%)
ISHARES RUSSELL 2000 ETF - ELN 0.29
MONSANTO - ELN 0.29
LASALLE LOGIPORT REIT 0.28
CYRUSONE REIT INC 0.28
SIMON PROPERTY GROUP REIT INC 0.27
as of 29-Jul-2016
Name Weight (%)
ISHARES IBOXX HIGH YIELD CORP BOND 1.98
SPDR BARCLAYS HIGH YIELD BOND ETF 1.31
EMERA INC. 6.75 06/15/2076 0.31
BNP PARIBAS SA 144A 7.625 12/31/2049 0.29
HSBC HOLDINGS PLC 6.875 12/31/2049 0.26
Name Weight (%)
REPUBLIC OF HUNGARY 6.25 01/29/2020 0.25
DAI-ICHI LIFE INSURANCE CO LTD/THE 144A 4 12/31/2049 0.24
LSTRZ_14-1 NOTE 144A 0.24
MEXICO (UNITED MEXICAN STATES) MTN 3.625 03/15/2022 0.22
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.22

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jul-2016

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-Jul-2016

% of Market Value

Sorry, countries/regions are not available at this time.
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 29-Jul-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.

Portfolio Managers

Portfolio Managers

Michael Fredericks
Head of Income Investing for the Blackrock Multi-Asset Strategies group

  

Alex Shingler
Portfolio Manager

     

Justin Christofel
Portfolio Manager

    

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

 

How to Buy BlackRock Funds

How to Buy BlackRock Funds

There are many ways to access BlackRock Funds, learn how you can add them to your portfolio