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Multi Asset

BIICX

Multi-Asset Income Fund

Overview

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Performance

Performance

  • Returns

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

Key Facts

Size of Class (Millions) as of Mar 27, 2020 $8,501.6 M
Size of Fund (Millions) as of Mar 27, 2020 $15,026.4 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 09256H336
Number of Holdings as of Feb 28, 2020 4,558
Max Offer Price as of Mar 27, 2020 $9.48
Open to New Investors Yes
Turnover Percent as of Feb 29, 2020 67%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 6.97%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -4.48%
Fund Standard Deviation (3y) as of Feb 29, 2020 4.32

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 Rating

4
Overall Morningstar Rating for Multi-Asset Income Fund, Class Inst, as of Feb 29, 2020 rated against 515 Allocation--30% to 50% Equity Funds based on risk adjusted total return.

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 Feb 29, 2020 out of 472, 4,734, 476, 227 and 476 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 Apr 24, 2019) ‡

Holdings

Holdings

as of Feb 28, 2020
Name Weight (%)
JPMORGAN CHASE & CO - ELN 0.50
ENTERPRISE PRODUCTS PARTNERS UNITS 0.38
ENERGY TRANSFER UNITS 0.35
PLAINS ALL AMERICAN PIPELINE UNITS 0.31
MAGELLAN MIDSTREAM PARTNERS UNITS 0.28
Name Weight (%)
COMCAST CORP CLASS A - ELN 0.28
ABBVIE INC - ELN 0.28
FIDELITY NATIONAL INFORMATION SERV - ELN 0.27
LOCKHEED MARTIN CORP - ELN 0.27
GENERAL ELECTRIC - ELN 0.27
as of Feb 28, 2020
Name Weight (%)
ISHARES MBS ETF 4.21
ISHARES SHORT-TERM CORP BOND 0.49
TRANSDIGM INC 144A 6.25 03/15/2026 0.30
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.26
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.24
Name Weight (%)
MORGAN STANLEY 0.22
MACQUARIE BANK LTD (LONDON BRANCH) 144A 6.125 12/31/2049 0.20
NORDEA BANK ABP 144A 6.625 12/31/2049 0.20
TRANSCANADA TRUST 5.875 08/15/2076 0.19
ALIGNED ENERGY DATA CENTERS CML Prvt 0.19

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% 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.

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Literature

Literature

 

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