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Multi Asset

BCICX

Multi-Asset Income Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y
12.75 5.16 3.71 5.80
11.75 5.16 3.71 5.80
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.

as of Dec 31, 2019

18.11 8.42 6.06 6.82
Morningstar Category Avg. (%) Allocation--30% to 50% Equity

as of Dec 31, 2019

14.81 6.31 4.66 6.19
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

473/562 446/506 357/419 166/270
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

4 4 4 3
Lipper Category Avg. (%) Flexible Portfolio Funds

as of Dec 31, 2019

15.98 6.72 4.68 6.49
Lipper Ranking Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

412/542 362/469 277/364 105/171
Lipper Quartile Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

4 4 4 3
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 Jan 24, 2020 $2,271.2 M
Size of Fund (Millions) as of Jan 24, 2020 $17,754.3 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 09256H344
Number of Holdings as of Dec 31, 2019 4,748
Max Offer Price as of Jan 24, 2020 $11.03
Open to New Investors Yes
Turnover Percent as of Dec 31, 2019 67%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 6.63%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -4.65%
Fund Standard Deviation (3y) as of Dec 31, 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 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 Dec 31, 2019
Name Weight (%)
ENTERPRISE PRODUCTS PARTNERS UNITS 0.44
PLAINS ALL AMERICAN PIPELINE UNITS 0.41
ENERGY TRANSFER UNITS 0.40
METLIFE INC - ELN 0.40
DELTA AIR LINES INC - ELN 0.34
Name Weight (%)
MAGELLAN MIDSTREAM PARTNERS UNITS 0.33
MPLX COMMON UNITS 0.32
ELI LILLY - ELN 0.28
CONOCOPHILLIPS - ELN 0.28
JOHNSON & JOHNSON - ELN 0.28
as of Dec 31, 2019
Name Weight (%)
ISHARES MBS ETF 4.76
ISHARES IBOXX $ INV GRADE CORPORAT 1.44
ISHARES SHORT-TERM CORP BOND 0.48
TRANSDIGM INC 144A 6.25 03/15/2026 0.32
TRANSCANADA TRUST 5.875 08/15/2076 0.30
Name Weight (%)
STATE STREET CORP 2.89363 06/15/2037 0.29
WESTPAC BANKING CORP. (NEW ZEALAND 5 12/31/2049 0.27
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.26
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.24
DANSKE BANK A/S RegS 7 12/31/2049 0.24

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 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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