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Multi Asset

BLDIX

Managed 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 between July 29, 2013 and October 1, 2016 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Investment Grade Bond Portfolio.” The Fund’s returns prior to July 29, 2013 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Long Duration Bond 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 Feb 21, 2020 $232.7 M
Size of Fund (Millions) as of Feb 21, 2020 $526.4 M
Share Class launch date Oct 19, 2007
Asset Class Fixed Income
Morningstar Category Allocation--15% to 30% Equity
Lipper Classification Multi-Sector Income Fds
Benchmark Index 70% BBG Barc US Aggregate Bond / 30% S&P 500 Index
CUSIP 091937185
Number of Holdings as of Jan 31, 2020 1,592
Max Offer Price as of Feb 21, 2020 $10.14
Open to New Investors Yes
Turnover Percent as of Jan 31, 2020 79%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 3.95%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -2.03%
R-Squared (3y) as of Jan 31, 2020 65.70
Fund Standard Deviation (3y) as of Jan 31, 2020 2.13

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.

There is an additional management fee waiver of 0.14% related to certain affiliated investments.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Managed Income Fund, Class Inst, as of Jan 31, 2020 rated against 178 Allocation--15% to 30% 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 Dec 31, 2019 out of 271, 5,840, 273, 186 and 273 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Dec 19, 2019) ‡

Holdings

Holdings

as of Jan 31, 2020
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 1.48
WISDOMTREE INTERNATIONAL EQUITY FU 0.42
ISHARES EMERGING MARKETS DIVIDEND 0.22
LOCKHEED MARTIN CORP - ELN 0.19
D R HORTON INC - ELN 0.19
Name Weight (%)
WHIRLPOOL CORP - ELN 0.18
MONDELEZ INTERNATIONAL INC CLASS A - ELN 0.17
NORTHROP GRUMMAN CORP - ELN 0.17
PARKER-HANNIFIN CORP - ELN 0.17
DANAHER CORP - ELN 0.17
as of Jan 31, 2020
Name Weight (%)
Notional Cash Offset (FVH0 FUTURE) 8.20
ISHARES MBS ETF 7.50
ISHARES IBOXX $ INV GRADE CORPORAT 1.67
ISHARES EMERGING MARKETS HIGH YIEL 1.38
Notional Cash Offset (TYH0 FUTURE) 1.37
Name Weight (%)
Notional Cash Offset (UXYH0 FUTURE) 1.26
Notional Cash Offset (WNH0 FUTURE) 0.61
CIFC_17-3A A1 144A 0.36
ALLERGAN FUNDING SCS 3.45 03/15/2022 0.36
BANK OF AMERICA CORP MTN 2.881 04/24/2023 0.34

Exposure Breakdowns

Exposure Breakdowns

as of Jan 31, 2020

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Jan 31, 2020

% 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. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

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

Literature

Literature

 

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