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Multi Asset

BLADX

Managed Income Fund

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 1y 3y 5y 10y
6.03 1.39 2.18 5.68 12.51 19.98 87.40
1.79 -2.67 -1.91 1.45 8.01 15.19 79.91
Benchmark (%) Index: 70% BBG Barc US Aggregate Bond / 30% S&P 500 Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 9.89 2.99 3.57 9.04 18.87 30.06 101.11
Morningstar Category Avg. (%) Allocation--15% to 30% Equity 7.79 0.24 1.69 4.31 12.46 14.76 71.66
Lipper Category Avg. (%) Corp Debt BBB Rated Fds 9.07 2.08 3.95 9.43 11.20 18.78 76.67
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 Sep 16, 2019 $161.9 M
Size of Fund (Millions) as of Sep 16, 2019 $420.5 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 091937219
Number of Holdings as of Aug 30, 2019 1,044
Max Offer Price as of Sep 16, 2019 $10.41
Open to New Investors Yes
Turnover Percent as of Aug 31, 2019 79%

Portfolio Characteristics

Portfolio Characteristics

Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 3.78%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -1.99%
R-Squared (3y) as of Aug 31, 2019 67.27
Fund Standard Deviation (3y) as of Aug 31, 2019 2.20

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 A, as of Aug 31, 2019 rated against 184 Allocation--15% to 30% Equity Funds.

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 Aug 31, 2019 out of 279, 5,851, 279, 96 and 279 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

as of Aug 30, 2019
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 1.16
WISDOMTREE INTERNATIONAL EQUITY FU 0.48
ISHARES INTERNATIONAL SELECT DIVID 0.24
DANAHER CORP - ELN 0.17
PROGRESSIVE CORP - ELN 0.17
Name Weight (%)
HONEYWELL INTERNATIONAL INC - ELN 0.17
BANK OF AMERICA CORP - ELN 0.17
MORGAN STANLEY - ELN 0.17
UNITED AIRLINES HOLDINGS INC - ELN 0.16
UNITED TECHNOLOGIES CORP - ELN 0.13
as of Aug 30, 2019
Name Weight (%)
HIGH YIELD BOND FUND CLASS K 14.21
FLOATING RATE INCOME FUND CLASS K 11.37
BLACKROCK ALL TGT SH BATS SERIES A 4.58
GNMA FUND CLASS K 3.53
CIFC_17-3A A1 144A 0.45
Name Weight (%)
ALLERGAN FUNDING SCS 3.45 03/15/2022 0.44
CIGNA CORP 3.2 09/17/2020 0.42
BANK OF AMERICA CORP MTN 2.881 04/24/2023 0.42
DRSLF_17-49A A 144A 0.40
WELLS FARGO & COMPANY MTN 3.75 01/24/2024 0.38

Exposure Breakdowns

Exposure Breakdowns

as of Aug 30, 2019

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Aug 30, 2019

% 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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