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
-11.54 1.04 2.50 4.47
Benchmark (%) -12.12 3.35 4.56 5.69
Morningstar Category Avg. (%) -11.20 2.13 3.22 4.57
Morningstar Ranking 233/465 329/427 299/391 -
Morningstar Quartile 2 4 4 3
Lipper Ranking 215/477 321/413 270/368 -
Lipper Quartile 2 4 3 -
  YTD 1m 3m 1y 3y 5y 10y
-12.97 -5.16 -9.28 -11.54 3.16 13.16 54.85
Benchmark (%) -15.45 -5.12 -10.54 -12.12 10.39 24.96 73.98
Morningstar Category Avg. (%) -13.33 -4.78 -9.02 -11.20 6.52 17.17 56.33
  2017 2018 2019 2020 2021
Total Return (%) 8.97 -3.55 14.03 6.54 7.28
Benchmark (%) 12.62 -4.19 18.11 12.49 9.69
Morningstar Category Avg. (%) 9.86 -5.04 14.81 8.86 8.24
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.

Performance for the period between December 15, 2017 and February 8, 2021 is based on the investment strategies utilized by the Fund when it followed different investment strategies under the name “BlackRock Advantage U.S. Total Market Fund, Inc.” The Fund’s returns prior to December 15, 2017 are the returns of the Fund when it followed a different investment objective and different investment strategies under the name “BlackRock Value Opportunities Fund, Inc.
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Key Facts

Key Facts

Size of Class (Millions) as of Jul 05, 2022 $1,005.8 M
Size of Fund (Millions) as of Jul 05, 2022 $14,864.4 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 Index/50% Bloomberg U.S. Aggregate Bond Index
CUSIP 09257E662
Distribution Frequency Monthly
Number of Holdings as of May 31, 2022 4,889
Max Offer Price as of Jul 05, 2022 $9.67
Open to New Investors Yes
Turnover Percent in the Annual Report 74%

Portfolio Characteristics

Portfolio Characteristics

Fund Sharpe Ratio (3y) as of Jun 30, 2022 0.09
Standard Deviation (3y) as of - -
30 Day SEC Yield as of May 31, 2022 4.71%
Unsubsidized 30-Day SEC Yield as of May 31, 2022 4.61%
Effective Duration as of May 31, 2022 2.45 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 9.41%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -11.67%

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 material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of 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, but rather describes how ESG 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. 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 0.59%
Net Expense Ratio 0.51%

Net Expense Ratio excluding Investment Related Expenses is 0.50%

  • Acquired Fund Fees and Expenses 0.01%
  • 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, 2022 out of 423, 4,581, 427, 222 and 427 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

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 Dec 06, 2021)

Holdings

Holdings

as of May 31, 2022
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 1.00
TAIWAN SEMICONDUCTOR MANUFACTURING 0.57
APPLE INC - ELN 0.43
MICROSOFT CORP - ELN 0.43
MICROSOFT CORP 0.42
Name Weight (%)
BERKSHIRE HATHAWAY INC CLASS B - ELN 0.40
AMAZON COM INC - ELN 0.27
ALPHABET INC CLASS A - ELN 0.27
FREEPORT MCMORAN INC - ELN 0.27
CELLNEX TELECOM SA 0.26
as of May 31, 2022
Name Weight (%)
ISHARES IBOXX $ HIGH YIELD CORP BO 2.42
SPDR BLOOMBERG HIGH YIELD BOND ETF 1.11
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.29
CHARLES SCHWAB CORPORATION (THE) 4 12/31/2049 0.25
ENERGY TRANSFER LP 7.125 12/31/2049 0.25
Name Weight (%)
CITIGROUP INC 5 12/31/2049 0.23
MTN_22-LPFL F 144A 0.23
TRANSDIGM INC 144A 6.25 03/15/2026 0.22
EDISON INTERNATIONAL 5.375 12/31/2049 0.20
PARK AVENUE TOWER PrvtCML 0.20

Exposure Breakdowns

Exposure Breakdowns

as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of May 31, 2022

% of Market Value

Type Fund Benchmark Net
as of May 31, 2022

% 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

Michael Fredericks
Head of Income Investing for BlackRock Multi-Asset Strategies & Solutions

   

Justin Christofel, CFA
Portfolio Manager, Multi-Asset Income Team

   

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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