Multi Asset

BIICX

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
2.43 3.75 5.27 6.15
Benchmark (%) 9.36 6.88 7.58 6.73
Morningstar Category Avg. (%) 4.38 4.18 5.68 5.68
Morningstar Ranking 384/547 356/514 305/450 90/285
Morningstar Quartile 3 3 3 2
Lipper Category Avg. (%) 3.22 3.23 5.62 5.74
Lipper Ranking 257/513 195/454 215/365 65/162
Lipper Quartile 2 2 3 2
  YTD 1m 3m 1y 3y 5y 10y
0.06 -0.68 3.46 2.43 11.68 29.31 81.65
Benchmark (%) 4.84 -1.75 4.31 9.36 22.10 44.10 91.90
Morningstar Category Avg. (%) 1.02 -1.52 3.85 4.38 13.07 31.81 73.83
Lipper Category Avg. (%) -1.09 -2.07 4.59 3.22 10.38 32.21 78.00
  2015 2016 2017 2018 2019
Total Return (%) -1.35 6.72 9.02 -3.59 13.86
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.” 


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Key Facts

Key Facts

Size of Class (Millions) as of Oct 23, 2020 $9,291.1 M
Size of Fund (Millions) as of Oct 23, 2020 $16,540.0 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
Distribution Frequency Monthly
Number of Holdings as of Sep 30, 2020 5,413
Max Offer Price as of Oct 23, 2020 $10.72
Open to New Investors Yes
Turnover Percent in the Annual Report 67%

Portfolio Characteristics

Portfolio Characteristics

Fund Sharpe Ratio (3y) as of Sep 30, 2020 0.28
30 Day SEC Yield as of Sep 30, 2020 4.35%
Unsubsidized 30-Day SEC Yield as of Sep 30, 2020 4.24%
Effective Duration as of Sep 30, 2020 2.47 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 9.50%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -11.68%
Fund Standard Deviation (3y) as of Sep 30, 2020 8.39

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

Fees

as of current prospectus
Gross Expense Ratio 0.70%
Net Expense Ratio 0.59%

Net Expense Ratio excluding Investment Related Expenses is 0.55%

  • Acquired Fund Fees and Expenses 0.04%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Multi-Asset Income Fund, Class Inst, as of Sep 30, 2020 rated against 514 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 Sep 30, 2020 out of 450, 4,538, 454, 215 and 454 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 20, 2020) ‡

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
APPLE INC - ELN 0.53
MICROSOFT CORP - ELN 0.39
AMAZON COM INC - ELN 0.32
TAIWAN SEMICONDUCTOR MANUFACTURING 0.26
JOHNSON & JOHNSON - ELN 0.26
Name Weight (%)
MICROSOFT CORP 0.24
BERKSHIRE HATHAWAY INC CLASS B - ELN 0.24
FACEBOOK CLASS A INC - ELN 0.24
ALPHABET INC CLASS A - ELN 0.22
APPLE INC 0.22
as of Sep 30, 2020
Name Weight (%)
ISHARES IBOXX $ HIGH YIELD CORP BO 2.07
ISHARES 1-5 YR INV GRD CORP BD ETF 0.53
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.28
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.27
STATE STREET CORP 1.25038 06/15/2037 0.23
Name Weight (%)
WELLS FARGO & CO 5.9 12/31/2049 0.23
NORDEA BANK ABP 144A 6.625 12/31/2049 0.23
TRANSDIGM INC 144A 6.25 03/15/2026 0.22
CITIGROUP INC 5 12/31/2049 0.22
TRANSCANADA TRUST 5.875 08/15/2076 0.21

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 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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Tactical asset allocation in action

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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