Multi Asset

BCICX

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
8.64 0.08 2.74 2.94
7.64 0.08 2.74 2.94
Benchmark (%) 11.19 2.01 5.92 5.44
Morningstar Category Avg. (%) 9.14 0.70 4.25 4.06
Morningstar Ranking 245/461 314/446 359/410 279/305
Morningstar Quartile 3 3 4 4
Lipper Category Avg. (%) 12.19 1.82 5.91 4.75
Lipper Ranking 321/426 302/395 311/347 214/241
Lipper Quartile 4 4 4 4
  YTD 1m 3m 1y 3y 5y 10y
3.01 0.66 0.63 8.64 0.23 14.47 33.64
2.01 -0.34 -0.36 7.64 0.23 14.47 33.64
Benchmark (%) 5.40 1.49 1.35 11.19 6.14 33.34 69.81
Morningstar Category Avg. (%) 4.05 0.99 0.75 9.14 2.11 23.11 48.90
Lipper Category Avg. (%) 6.31 0.87 0.79 12.19 5.81 34.34 62.01
  2019 2020 2021 2022 2023
Total Return (%) 12.75 5.43 6.17 -12.50 9.98
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 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.” 


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Key Facts

Key Facts

Size of Class (Millions)
as of Jul 19, 2024
$453.9 M
Share Class launch date
Apr 07, 2008
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 Jul 19, 2024
$10.10
Turnover Percent in the Annual Report
56%
Size of Fund (Millions)
as of Jul 19, 2024
$10,873.0 M
Asset Class
MultiAsset
Lipper Classification
Flexible Portfolio Funds
CUSIP
09256H344
Number of Holdings
as of Jun 28, 2024
4,040
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Fund Sharpe Ratio (3y)
as of Jun 30, 2024
-0.27
Unsubsidized 30-Day SEC Yield
as of Jun 30, 2024
5.02%
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
9.55%
Fund Standard Deviation (3y)
as of Jun 30, 2024
9.19
30 Day SEC Yield
as of Jun 30, 2024
5.14%
Effective Duration
as of Jun 28, 2024
2.47 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-9.44%

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 1.69%
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

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 Jun 30, 2024 out of 391, 4,463, 395, 80 and 395 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Holdings

Holdings

as of Jun 28, 2024
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 4.21
MICROSOFT CORP - ELN 0.80
TAIWAN SEMICONDUCTOR MANUFACTURING 0.72
AMAZON COM INC - ELN 0.53
APPLE INC - ELN 0.51
Name Weight (%)
ALPHABET INC CLASS A - ELN 0.41
META PLATFORMS INC CLASS A - ELN 0.35
MICROSOFT CORP 0.33
NVIDIA CORP - ELN 0.28
NOVO NORDISK CLASS B 0.25
as of Jun 28, 2024
Name Weight (%)
ISHARES IBOXX $ HIGH YIELD CORPORA 2.12
TREASURY (CPI) NOTE 2.375 01/15/2025 0.52
TREASURY (CPI) NOTE 0.25 01/15/2025 0.52
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.20
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 Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jun 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Jun 28, 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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