Multi Asset

BLDIX

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

Key Facts

Key Facts

Size of Class (Millions) as of 23-Mar-2017 $31.4 M
Size of Fund (Millions) as of 23-Mar-2017 $131.4 M
Share Class launch date 19-Oct-2007
Asset Class MultiAsset
Morningstar Category Allocation--15% to 30% Equity
Lipper Classification Multi-Sector Income Fds
Benchmark Index 70% BBG Barc US Aggregate Bond / 30% S&P 500 Index
CUSIP 091937185
Net, Excluding Investment Related Expenses 0.44%
Gross Expense Ratio 1.03%
Contractual End Date 30-Apr-2018
Number of Holdings as of 28-Feb-2017 623
Max Offer Price as of 23-Mar-2017 $9.99
Open to New Investors Yes
Turnover Percent as of 28-Feb-2017 67%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending 31-Aug-2016 4.07%
Worst 3-Month Return Over the Last 3 Years 3 months ending 30-Jun-2015 -2.66%
R-Squared (3y) as of 28-Feb-2017 45.60
Beta (3y) as of 28-Feb-2017 0.61

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 Managed Income Fund, Class Inst, as of 28-Feb-2017 rated against 165 Allocation--15% to 30% Equity 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 28-Feb-2017 out of 243, 5,793, 243, 149 and 243 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

as of 28-Feb-2017
Name Weight (%)
BLK GLOBAL DIVIDEND PORT K CLASS 3.01
ISHARES CORE HIGH DIVIDEND ETF 1.06
DEUTSCHE POST AG - ELN 0.09
E.ON N - ELN 0.08
NIKE INC CLASS B - ELN 0.08
Name Weight (%)
SUNTRUST BANKS INC - ELN 0.08
ADOBE SYSTEM INC - ELN 0.08
CORNING INC - ELN 0.08
MORGAN STANLEY - ELN 0.08
FIFTH THIRD BANCORP - ELN 0.08
as of 28-Feb-2017
Name Weight (%)
ISHARES 1-3 YEAR CREDIT BOND ETF 8.95
BLACKROCK ALL TGT SH BATS SERIES A 6.78
BLK STRAT INC OPP PORT K CLASS 4.78
ISHARES 0-5 YEAR HIGH YIELD CORPOR 4.71
ISHARES US PREFERRED STOCK ETF 2.29
Name Weight (%)
ABBVIE INC 2.85 05/14/2023 0.48
ANHEUSER-BUSCH INBEV FINANCE INC 3.65 02/01/2026 0.43
AETNA INC 2.8 06/15/2023 0.38
BSP_14-IVA A1R 144A 0.37
CGMS_14-3AR A1AR 144A 0.37

Exposure Breakdowns

Exposure Breakdowns

as of 28-Feb-2017

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 28-Feb-2017

% 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. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

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

     Jeffrey Cucunato, Managing Director, is the head of US Investment Grade Credit and a member of Americas Fixed Income within Alpha Strategies.

Thomas Musmanno, CFA
Managing Director

  

Alex Shingler
Portfolio Manager, Multi-Asset Portfolio Strategies
Portfolio Manager

Literature

Literature

 

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