Multi Asset

BKMIX

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.
-3.55 3.90 3.04 7.87 4.99
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. -4.19 4.32 3.70 6.82 4.26
Morningstar Category Avg. (%) Allocation--30% to 50% Equity -2.18 6.00 3.73 7.48 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 103/539 - - - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 1 2 2 1 -
Lipper Ranking Rankings are based on total return excluding sales charges. 74/621 - - - -
Lipper Quartile Rankings are based on total return excluding sales charges. 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. Effective as of May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares. The performance of this share class would be substantially similar to Institutional Shares because this share class and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that this share class and Institutional Shares have different expenses. For performance periods prior to May 31, 2018, the performance information for periods prior to the inception date of the share class shows the performance of the Fund’s Institutional Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.

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 Feb 15, 2019 $663.1 M
Size of Fund (Millions) as of Feb 15, 2019 $15,572.6 M
Share Class launch date Feb 03, 2017
Asset Class MultiAsset
Morningstar Category Allocation--30% to 50% Equity
Lipper Classification Flexible Portfolio Funds
Benchmark Index 50% MSCI World Ind(Net TR)/50% Bar US Agg Ind
CUSIP 09257E662
Number of Holdings as of Dec 31, 2018 4,124
Max Offer Price as of Feb 15, 2019 $10.58
Open to New Investors Yes
Turnover Percent as of Jan 31, 2019 61%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending - -
Worst 3-Month Return Over the Last 3 Years 3 months ending - -

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 Analyst Rating

Morningstar Analyst Rating - Silver
Morningstar has awarded the Fund a Silver medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective May 16, 2018) ‡

Holdings

Holdings

as of Dec 31, 2018
Name Weight (%)
MERCK & CO INC - ELN 0.59
ENTERPRISE PRODUCTS PARTNERS UNITS 0.47
ENERGY TRANSFER UNITS 0.46
CONOCOPHILLIPS - ELN 0.46
MPLX COMMON UNITS 0.43
Name Weight (%)
MAGELLAN MIDSTREAM PARTNERS UNITS 0.38
PLAINS ALL AMERICAN PIPELINE UNITS 0.38
CATERPILLAR INC - ELN 0.29
ABBOTT LABORATORIES - ELN 0.29
PFIZER INC - ELN 0.29
as of Dec 31, 2018
Name Weight (%)
ISHARES IBOXX HIGH YIELD CORP BOND 5.39
SPDR BLOOMBERG BARCLAYS HIGH YIELD 1.36
CREDIT SUISSE GROUP AG 144A 7.5 12/31/2049 0.44
STATE STREET CORP 3.78819 06/15/2037 0.39
HSBC HOLDINGS PLC 6 12/31/2049 0.37
Name Weight (%)
WESTPAC BANKING CORP. (NEW ZEALAND 5 12/31/2049 0.34
MORGAN STANLEY 5.85 12/31/2049 0.33
SOCIETE GENERALE SA 144A 8 12/31/2049 0.33
TRANSCANADA TRUST 5.875 08/15/2076 0.31
HOUSTON CENTER (BSREP II HOUSTON) Prvt 0.31

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2018

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2018

% 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.
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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

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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