Multi Asset

BAICX

Multi-Asset Income Fund

Overview

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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
-11.75 -10.17 -11.75 -6.24 1.90 7.99 61.49
-16.38 -14.88 -16.38 -11.16 -3.45 2.32 53.02
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. -9.42 -6.91 -9.42 -0.64 11.46 19.15 70.83
Morningstar Category Avg. (%) Allocation--30% to 50% Equity -6.74 5.80 -6.98 -1.22 2.60 8.42 56.10
Lipper Category Avg. (%) Flexible Portfolio Funds -15.35 -10.92 -15.35 -9.15 -1.01 3.77 51.73
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.

The Fund’s returns prior to November 28, 2011 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Income Portfolio.” 


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 Jul 01, 2020 $4,176.7 M
Size of Fund (Millions) as of Jul 01, 2020 $16,140.4 M
Share Class launch date Apr 07, 2008
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 09256H351
Number of Holdings as of May 29, 2020 5,493
Max Offer Price as of Jul 01, 2020 $10.94
Open to New Investors Yes
Turnover Percent in the Annual Report as of Jun 30, 2020 67%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 6.91%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -11.75%
Fund Standard Deviation (3y) as of May 31, 2020 8.23

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 Multi-Asset Income Fund, Class A, as of Jun 30, 2020 rated against 505 Allocation--30% to 50% Equity Funds based on risk adjusted total return.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Apr 20, 2020) ‡

Holdings

Holdings

as of May 29, 2020
Name Weight (%)
UNITEDHEALTH GROUP INC - ELN 0.40
JOHNSON & JOHNSON - ELN 0.38
ADOBE INC - ELN 0.32
GOLDMAN SACHS GROUP INC - ELN 0.31
TEXAS INSTRUMENT INC - ELN 0.31
Name Weight (%)
SALESFORCE.COM INC - ELN 0.31
ALPHABET INC CLASS A - ELN 0.31
INTEL CORPORATION CORP - ELN 0.31
CISCO SYSTEMS INC - ELN 0.31
LOCKHEED MARTIN CORP - ELN 0.31
as of May 29, 2020
Name Weight (%)
ISHARES MBS ETF 4.68
ISHARES SHORT-TERM CORP BOND 0.53
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.29
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.27
TRANSDIGM INC 144A 6.25 03/15/2026 0.23
Name Weight (%)
ALIGNED ENERGY DATA CENTERS CML Prvt 0.22
NORDEA BANK ABP 144A 6.625 12/31/2049 0.20
TRANSCANADA TRUST 5.875 08/15/2076 0.20
PARK AVENUE TOWER PrvtCML 0.20
WELLS FARGO & CO 5.9 12/31/2049 0.20

Exposure Breakdowns

Exposure Breakdowns

as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 29, 2020

% of Market Value

Type Fund Benchmark Net
as of May 29, 2020

% 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.

Read the Team's Commentary

Literature

Literature

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