BLDIX

Managed 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.
4.92 4.07 3.30 - 6.93
Benchmark (%) Index: 70% BBG Barc US Aggregate Bond / 30% S&P 500 Index.<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. 4.90 4.70 5.91 - -
Morningstar Category Avg. (%) Allocation--15% to 30% Equity 4.75 2.11 3.71 3.89 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 95/210 9/181 103/149 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 1 3 - -
Lipper Category Avg. (%) Corp Debt BBB Rated Fds 2.47 2.96 3.63 5.35 -
Lipper Ranking Rankings are based on total return excluding sales charges. 209/337 35/255 138/192 - -
Lipper Quartile Rankings are based on total return excluding sales charges. 3 1 3 - -
  YTD 1m 3m 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.
2.87 0.45 1.58 4.92 12.73 17.61 - 91.47
Benchmark (%) Index: -.<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. 4.36 0.12 1.94 4.90 14.78 33.27 - -
Morningstar Category Avg. (%) Allocation--15% to 30% Equity 3.51 0.07 1.40 4.75 6.47 20.00 46.50 -
Lipper Category Avg. (%) Corp Debt BBB Rated Fds 3.69 0.26 2.24 2.47 9.21 19.68 69.95 -


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 Aug 18, 2017 $37.6 M
Size of Fund (Millions) as of Aug 18, 2017 $149.6 M
Share Class launch date Oct 19, 2007
Asset Class Fixed Income
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
Contractual End Date Apr 30, 2018
Number of Holdings as of Jul 31, 2017 265
Max Offer Price as of Aug 18, 2017 $10.00
Open to New Investors Yes
Turnover Percent as of Jun 30, 2017 67%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Aug 31, 2016 4.07%
Worst 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2015 -2.66%
R-Squared (3y) as of Jul 31, 2017 44.40
Beta (3y) as of Jul 31, 2017 0.60

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.

There is an additional management fee waiver of 0.14% related to certain affiliated investments.

Ratings

Ratings

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 Jun 30, 2017 out of 255, 5,783, 255, 157 and 255 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

as of Jul 31, 2017
Name Weight (%)
ISHARES CORE HIGH DIVIDEND ETF 2.29
WISDOMTREE INTERNATIONAL EQUITY FU 1.48
ISHARES INTERNATIONAL SELECT DIVID 0.77
KEYCORP - ELN 0.17
TIFFANY - ELN 0.15
Name Weight (%)
BB AND T CORP - ELN 0.11
AUTODESK INC - ELN 0.09
MGM RESORTS INTERNATIONAL - ELN 0.09
CITIGROUP INC - ELN 0.09
PAYPAL HOLDINGS INC - ELN 0.09
as of Jul 31, 2017
Name Weight (%)
BLACKROCK ALL TGT SH BATS SERIES A 7.89
ISHARES 1-3 YEAR CREDIT BOND ETF 6.94
BLK STRAT INC OPP PORT K CLASS 6.71
ISHARES 0-5 YEAR HIGH YIELD CORPOR 4.01
ISHARES US PREFERRED STOCK ETF 2.12
Name Weight (%)
ALLIANCEBERNSTEIN GLBL HIGH INCM C 0.49
ANHEUSER-BUSCH INBEV FINANCE INC 3.65 02/01/2026 0.40
AETNA INC 2.8 06/15/2023 0.35
ABBVIE INC 2.85 05/14/2023 0.34
BSP_14-IVA A1R 144A 0.34

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2017

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Jul 31, 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, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies

   

Jeff Cucunato
Managing Director, Head of US Investment Grade Credit

     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, CFA
Portfolio Manager, Multi-Asset Portfolio Strategies

     

Portfolio Manager

Literature

Literature

 

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