MONTHLY COMMENTARY

Multi-Asset Income Fund

Jun 21, 2021

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 has a proven record for delivering attractive yield and total return with low volatility.1

Performance and positioning update

  • The release of April’s inflation surge wasn’t enough to deter reopening optimism, as risk assets generally ended the month higher. The fund delivered positive returns.
  • We maintained our positioning during the month, preferring stocks and credit over higher quality fixed income. We modestly reduced cash in favor of bank loans.

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The fund has delivered higher yield than global stocks or bonds

yield chart

Morningstar. Data as of 5/31/21 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 5/31/2021: 3.54% (subsidized); 3.45% (unsubsidized). Core bonds represented by Bloomberg Barclays 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.

Michael Fredericks
Head of Income Investing for BlackRock Multi-Asset Strategies Team
Michael Fredericks, Managing Director, is head of Income Investing for the BlackRock Multi-Asset Strategies & Solutions group and lead portfolio manager for the ...
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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.

Click Here to obtain more information on the fund, including standardized average annual total returns as of the most recent calendar quarter and current month-end.