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Multi Asset

BIICX

Multi-Asset Income Fund

Overview

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Performance

Performance

  • Returns

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 Dec 13, 2019 $9,862.2 M
Size of Fund (Millions) as of Dec 13, 2019 $17,364.0 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 09256H336
Number of Holdings as of Nov 29, 2019 4,423
Max Offer Price as of Dec 13, 2019 $10.93
Open to New Investors Yes
Turnover Percent as of Nov 30, 2019 67%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 6.97%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -4.48%
Fund Standard Deviation (3y) as of Nov 30, 2019 4.10

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 Inst, as of Nov 30, 2019 rated against 498 Allocation--30% to 50% Equity Funds based on risk adjusted total return.

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 Apr 24, 2019) ‡

Holdings

Holdings

as of Nov 29, 2019
Name Weight (%)
ENTERPRISE PRODUCTS PARTNERS UNITS 0.44
ENERGY TRANSFER UNITS 0.38
PLAINS ALL AMERICAN PIPELINE UNITS 0.36
DELTA AIR LINES INC - ELN 0.34
MAGELLAN MIDSTREAM PARTNERS UNITS 0.31
Name Weight (%)
MPLX COMMON UNITS 0.30
MASTERCARD INC CLASS A - ELN 0.28
ABBVIE INC - ELN 0.28
APPLE INC - ELN 0.28
MERCK & CO INC - ELN 0.28
as of Nov 29, 2019
Name Weight (%)
ISHARES IBOXX HIGH YIELD CORP BOND 4.09
ISHARES MBS ETF 2.92
ISHARES IBOXX $ INV GRADE CORPORAT 1.46
TRANSDIGM INC 144A 6.25 03/15/2026 0.32
ALIGNED ENERGY DATA CENTERS CML Prvt 0.31
Name Weight (%)
TRANSCANADA TRUST 5.875 08/15/2076 0.31
STATE STREET CORP 3.1185 06/15/2037 0.30
WESTPAC BANKING CORP. (NEW ZEALAND 5 12/31/2049 0.27
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.27
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.25

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% 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.
Tactical asset allocation in action
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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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