BONDS / FIXED INCOME

Multi-Asset Income

A go-anywhere income solution

Improve your income potential with a tactical, unconstrained strategy that sources opportunities across geographies and asset classes. BlackRock Multi-Asset Income Fund takes a risk-first approach while seeking to deliver a consistently attractive yield.

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Performance and positioning update

  • Stocks and bonds rallied into year-end driven by soft-landing optimism and improving economic sentiment. The fund delivered a positive return.
  • We added exposure to dividend growth equities and high yield bonds during the month, modestly increasing risk to seek to capitalize upon the improving risk sentiment driven by relatively dovish Fed posturing at the latest Federal Open Market Committee. The growth, jobs, and inflation backdrop likely allow the Fed to cut rates in 2024, although current expectations may be too aggressive, in our opinion.

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The fund has delivered higher yield than global stocks or bonds

mai monthly

Source: Morningstar. Data as of 12/31/23 since strategy inception (11/28/11). Fund data based on Institutional share class. Other share classes will vary. Average fund yield shown is 30-day SEC yield as of 12/31/2023: 5.93% (subsidized); 5.82% (unsubsidized). Core bonds represented by Bloomberg U.S. Aggregate Bond Index. Global equities represented by MSCI World Index. Past performance is no guarantee of future results. Index performance shown for illustrative purposes. It is not possible to invest directly in an index. Must be preceded or accompanied by a prospectus.

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Alex Shingler
Co-Head of Income Investing, Multi-Asset Strategies & Solutions
Alex Shingler, CFA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, and Managed Income Fund.
Justin Christofel
Co-Head of Income Investing, Multi-Asset Strategies & Solutions
Justin Christofel, CFA, CAIA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, Managed Income Fund, and Multi-Asset Income model portfolios.

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Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. Refer to blackrock.com for most recent month-end performance.

To obtain more information on the fund, including the standardized average annual total returns as of the most recent calendar quarter and current month-end, please visit Multi-Asset Income Fund.