Multi Asset

BDHIX

Dynamic High 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.
12.61 - - - 6.04
Benchmark (%) Index: 70% MSCI World Ind(Net TR)/30% 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. 12.47 - - - -
Morningstar Category Avg. (%) World Allocation 10.48 3.92 5.63 3.93 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 95/466 - - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 2 - - - -
Lipper Category Avg. (%) Flexible Portfolio Funds 9.51 3.87 5.80 4.06 -
Lipper Ranking Rankings are based on total return excluding sales charges. 115/634 - - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 1 - - - -
  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.
10.77 1.42 3.01 12.61 - - - 18.60
Benchmark (%) Index: 70% MSCI World Ind(Net TR)/30% 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. 12.02 1.43 3.64 12.47 - - - -
Morningstar Category Avg. (%) World Allocation 11.01 1.03 3.37 10.48 12.22 31.49 46.97 -
Lipper Category Avg. (%) Flexible Portfolio Funds 9.18 1.10 3.00 9.51 12.27 33.55 50.33 -


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 Dec 12, 2017 $344.2 M
Size of Fund (Millions) as of Dec 12, 2017 $423.4 M
Share Class launch date Nov 03, 2014
Asset Class MultiAsset
Morningstar Category World Allocation
Lipper Classification Flexible Portfolio Funds
Benchmark Index 70% MSCI World Ind(Net TR)/30% Bar US Agg Ind
CUSIP 09257E795
Number of Holdings as of Nov 30, 2017 621
Max Offer Price as of Dec 12, 2017 $10.00
Open to New Investors Yes
Turnover Percent as of Nov 30, 2017 93%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Nov 30, 2017 90.28
Beta (3y) as of Nov 30, 2017 0.96
Best 3-Month Return Over the Last 3 Years 3 months ending - -
Worst 3-Month Return Over the Last 3 Years 3 months ending - -
Standard Deviation (3y) as of Nov 30, 2017 7.27

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 Dynamic High Income Fund, Class I, as of Nov 30, 2017 rated against 400 World Allocation Funds.

Holdings

Holdings

as of Nov 30, 2017
Name Weight (%)
ISHARES CORE HIGH DIVIDEND ETF 0.86
WISDOMTREE EMERGING MARKETS HIGH D 0.83
ASML HOLDING NV - ELN 0.82
ENTERPRISE PRODUCTS PARTNERS UNITS 0.63
ENERGY TRANSFER PARTNERS UNITS 0.62
Name Weight (%)
DAIMLER AG - ELN 0.60
MAGELLAN MIDSTREAM PARTNERS UNITS 0.59
MPLX COMMON UNITS 0.58
DEUTSCHE LUFTHANSA AG - ELN 0.57
COVESTRO AG - ELN 0.56
as of Nov 30, 2017
Name Weight (%)
ISHARES IBOXX HIGH YIELD CORP BOND 6.09
BLACKROCK ALL TGT SH BATS SERIES A 4.77
ISHARES 0-5 YEAR HIGH YIELD CORPOR 2.31
MORGAN STANLEY 5.85 12/31/2049 0.54
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.45
Name Weight (%)
MACQUARIE BANK LTD (LONDON BRANCH) 144A 6.125 12/31/2049 0.43
STATE STREET CORP 2.32 06/15/2037 0.38
ROYAL BANK OF SCOTLAND GROUP PLC 8.625 12/31/2049 0.36
SOCIETE GENERALE SA 144A 8 12/31/2049 0.36
ANDEAVOR LOGISTICS LP 6.875 12/31/2049 0.31

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2017

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 30, 2017

% of Market Value

Type Fund Benchmark Net
as of Nov 30, 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.

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

   

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

     

Portfolio Manager

Literature

Literature

 

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