Multi-Asset Income Fund | BCICX

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NAV as of Nov 27, 2020 $10.99
52 WK: 8.86 - 11.07
1 Day NAV Change as of Nov 27, 2020 0.02 (0.18%)
NAV Total Return as of Nov 27, 2020 YTD: 3.59%
Neutral

Overview

Managing income for a better outcome

The BlackRock Multi-Asset Income Fund seeks out the best income opportunities around the world and across asset classes, carefully balancing the trade-offs between yield and risk.

Flexible, core income solution

Focused on managing volatility

Seeks attractive income and total return

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Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.

Growth of Hypothetical $10,000
Historical NAVs

Multi-Asset Income Fund ($)

Cum. Fund Perf. Since Inception: 71.48

Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.

Historical NAVs

Distributions

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Ex-Date	Payable Date	Record Date	Total Distribution	Income	ST Cap Gains	LT Cap Gains	Return of Capital

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Table

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Year	Total Distribution	Income	ST Cap Gains	LT Cap Gains

Past distributions are not indicative of future distributions.
Click here, for the most recent distributions.

Returns

	1y	3y	5y	10y
Total Return (%)	1.32	2.69	4.21	5.09
Return w/ Sales Charge (%)	0.34	2.69	4.21	5.09
Benchmark (%)	9.36	6.88	7.58	6.73
Morningstar Category Avg. (%)	3.15	3.83	4.84	5.43
Morningstar Ranking	410/521	406/490	391/430	206/262
Morningstar Quartile	3	4	4	3
Lipper Category Avg. (%)	3.22	3.23	5.62	5.74
Lipper Ranking	317/513	276/454	274/365	104/162
Lipper Quartile	3	3	3	3

Performance data is not currently available

	YTD	1m	3m	1y	3y	5y	10y
Total Return (%)	-0.79	-0.77	3.21	1.32	8.28	22.92	64.26
Return w/ Sales Charge (%)	-1.75	-1.76	2.21	0.34	8.28	22.92	64.26
Benchmark (%)	4.84	-1.75	4.31	9.36	22.10	44.10	91.90
Morningstar Category Avg. (%)	0.62	-0.91	-0.26	3.15	11.93	26.68	69.69
Lipper Category Avg. (%)	-1.09	-2.07	4.59	3.22	10.38	32.21	78.00

Performance data is not currently available

	2015	2016	2017	2018	2019
Total Return (%)	-2.35	5.67	7.96	-4.48	12.75
Benchmark (%)	0.08	5.23	12.62	-4.19	18.11
Morningstar Category Avg. (%)	-2.32	6.62	9.86	-5.04	14.81

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.”

The scarcity of decent yields has driven determined income-seekers into fewer, more highly correlated asset classes.

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Key Facts

Size of Class (Millions) as of Nov 27, 2020 $1,720.6 M

Size of Fund (Millions) as of Nov 27, 2020 $16,949.6 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

Distribution Frequency Monthly

Number of Holdings as of Oct 30, 2020 5,165

Max Offer Price as of Nov 27, 2020 $10.99

Open to New Investors Yes

Turnover Percent in the Annual Report 86%

Portfolio Characteristics

Fund Sharpe Ratio (3y) as of Oct 31, 2020 0.11

30 Day SEC Yield as of Oct 31, 2020 3.30%

Unsubsidized 30-Day SEC Yield as of Oct 31, 2020 3.18%

Effective Duration as of Oct 30, 2020 2.44 yrs

Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 9.15%

Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -11.93%

Fund Standard Deviation (3y) as of Oct 31, 2020 8.40

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.

Fees

as of current prospectus

Gross Expense Ratio	1.70%
Net Expense Ratio	1.57%

Net Expense Ratio excluding Investment Related Expenses is 1.55%

Acquired Fund Fees and Expenses 0.02%
Interest expense 0.00%

Ratings

Lipper Leader

Lipper Leader Ratings

Expense

Preservation

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 Oct 31, 2020 out of 438, 4,467, 442, 90 and 442 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

as of Oct 30, 2020

Name	Weight (%)
RUSSELL 2000 - ELN	0.97
MICROSOFT CORP - ELN	0.42
ALPHABET INC CLASS A - ELN	0.40
TAIWAN SEMICONDUCTOR MANUFACTURING	0.36
JOHNSON & JOHNSON - ELN	0.33

Name	Weight (%)
TENCENT HOLDINGS LTD	0.30
JPMORGAN CHASE & CO - ELN	0.30
UNITEDHEALTH GROUP INC - ELN	0.30
AMAZON COM INC - ELN	0.28
MICROSOFT CORP	0.27

as of Oct 30, 2020

Name	Weight (%)
ISHARES IBOXX $ HIGH YIELD CORP BO	2.10
ISHARES 1-5 YR INV GRD CORP BD ETF	0.54
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt	0.28
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049	0.27
NORDEA BANK ABP 144A 6.625 12/31/2049	0.23

Name	Weight (%)
WELLS FARGO & CO 5.9 12/31/2049	0.23
STATE STREET CORP 1.25038 06/15/2037	0.23
TRANSDIGM INC 144A 6.25 03/15/2026	0.23
CITIGROUP INC 5 12/31/2049	0.22
TRANSCANADA TRUST 5.875 08/15/2076	0.21

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type	Fund

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Allocations subject to change.

as of Oct 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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as of Oct 30, 2020

% of Market Value

Type	Fund	Benchmark	Net

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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.

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