Multi Asset

BKMIX

Multi-Asset Income Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
10.35 1.95 4.21 4.10
Benchmark (%) 12.97 3.14 6.40 5.65
Morningstar Category Avg. (%) 10.10 1.76 4.65 4.30
Morningstar Ranking 167/460 148/441 262/409 -
Morningstar Quartile 2 2 3 3
Lipper Ranking 294/429 266/397 269/357 -
Lipper Quartile 3 3 4 -
  YTD 1m 3m 1y 3y 5y 10y
2.62 1.95 2.62 10.35 5.97 22.88 49.52
Benchmark (%) 3.99 2.07 3.99 12.97 9.72 36.38 73.31
Morningstar Category Avg. (%) 3.24 2.03 3.24 10.10 5.38 25.52 52.37
  2019 2020 2021 2022 2023
Total Return (%) 14.03 6.54 7.28 -11.54 11.12
Benchmark (%) 18.11 12.49 9.69 -15.33 14.43
Morningstar Category Avg. (%) 14.81 8.86 8.24 -13.31 10.43

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 performance information for periods prior to February 3, 2017, the commencement of operations 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.

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.”

See the Fund’s prospectus for more details.

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Key Facts

Key Facts

Size of Class (Millions)
as of Jun 21, 2024
$654.8 M
Share Class launch date
Feb 03, 2017
Morningstar Category
Moderately Conservative Allocation
Benchmark Index
50% MSCI World Index/50% Bloomberg U.S. Aggregate Bond Index (USD)
Distribution Frequency
Monthly
Max Offer Price
as of Jun 21, 2024
$10.03
Turnover Percent in the Annual Report
56.00%
Size of Fund (Millions)
as of Jun 21, 2024
$10,855.6 M
Asset Class
MultiAsset
Lipper Classification
Flexible Portfolio Funds
CUSIP
09257E662
Number of Holdings
as of May 31, 2024
3,959
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Fund Sharpe Ratio (3y)
as of May 31, 2024
-0.15
30 Day SEC Yield
as of May 31, 2024
6.19%
Effective Duration
as of May 31, 2024
2.56 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-9.28%
Standard Deviation (3y)
as of -
-
Unsubsidized 30-Day SEC Yield
as of May 31, 2024
6.09%
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
9.94%

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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research and due diligence phase of the investment process. ESG information may be sourced internally, via collaboration with the BlackRock Investment Stewardship team in engaging issuers on material environmental, societal or governance topics, and from third-party providers. The Fund manager’s ongoing monitoring of the portfolio involves regular portfolio risk reviews with the Risk and Quantitative Analysis group. Where appropriate, these reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.62%
Net Expense Ratio 0.52%

Net Expense Ratio excluding Investment Related Expenses is 0.50%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of May 31, 2024 out of 390, 4,488, 394, 208 and 394 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective May 03, 2024)

Holdings

Holdings

as of May 31, 2024
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 3.05
MICROSOFT CORP - ELN 0.75
TAIWAN SEMICONDUCTOR MANUFACTURING 0.57
APPLE INC - ELN 0.47
AMAZON COM INC - ELN 0.46
Name Weight (%)
ALPHABET INC CLASS A - ELN 0.35
META PLATFORMS INC CLASS A - ELN 0.32
NVIDIA CORP - ELN 0.26
MICROSOFT CORP 0.25
SANOFI SA 0.23
as of May 31, 2024
Name Weight (%)
ISHARES IBOXX $ HIGH YIELD CORPORA 2.11
TREASURY (CPI) NOTE 0.25 01/15/2025 0.52
TREASURY (CPI) NOTE 2.375 01/15/2025 0.52
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.19
AMSR_20-SFR1 F 144A 0.18
Name Weight (%)
BSP_19-19AR AR 144A 0.16
CIFC_19-5A A1R1 144A 0.15
PRIMA_16-6A C 144A 0.14
ABBSL_21-2A A 144A 0.14
KAYNE_19-3A A 144A 0.13
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 31, 2024

% of Market Value

Type Fund Benchmark Net
as of May 31, 2024

% 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

See how Multi-Asset Income Fund manages income for a better outcome.
Tactical asset allocation in action

Portfolio Managers

Portfolio Managers

Justin Christofel, CFA
Co-Head of Income Investing, Multi-Asset Strategies & Solutions

   

Alex Shingler, CFA
Co-Head of Income Investing, Multi-Asset Strategies & Solutions

     

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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