Multi Asset

BLADX

Managed 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
3.04 3.47 4.52 4.66
-1.08 2.07 3.67 4.23
Benchmark (%) 9.96 7.67 7.34 6.79
Morningstar Category Avg. (%) 3.85 3.64 4.48 4.48
Morningstar Ranking 134/185 119/172 98/155 45/95
Morningstar Quartile 3 3 3 2
Lipper Category Avg. (%) 7.85 5.98 5.66 4.97
Lipper Ranking 213/347 162/305 134/254 41/124
Lipper Quartile 3 3 3 2
  YTD 1m 3m 1y 3y 5y 10y
1.11 -0.53 2.23 3.04 10.78 24.76 57.70
-2.93 -4.51 -1.86 -1.08 6.35 19.77 51.39
Benchmark (%) 6.97 -1.18 3.14 9.96 24.83 42.52 92.90
Morningstar Category Avg. (%) 1.73 -0.90 2.77 3.85 11.33 24.51 55.07
Lipper Category Avg. (%) 6.95 -0.24 1.73 7.85 19.12 31.97 63.72
  2015 2016 2017 2018 2019
Total Return (%) -1.48 9.33 5.03 -0.82 9.36
Benchmark (%) 1.01 5.50 8.76 -1.06 15.37
Morningstar Category Avg. (%) -2.07 5.55 6.25 -3.14 11.20
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.” 
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Key Facts

Key Facts

Size of Class (Millions) as of Oct 20, 2020 $232.8 M
Size of Fund (Millions) as of Oct 20, 2020 $628.2 M
Share Class launch date Oct 19, 2007
Asset Class MultiAsset
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
Distribution Frequency Monthly
Number of Holdings as of Sep 30, 2020 2,400
Max Offer Price as of Oct 20, 2020 $10.43
Open to New Investors Yes
Turnover Percent in the Annual Report 71%

Portfolio Characteristics

Portfolio Characteristics

Fund Sharpe Ratio (3y) as of Sep 30, 2020 0.34
30 Day SEC Yield as of Sep 30, 2020 3.07%
Unsubsidized 30-Day SEC Yield as of Sep 30, 2020 2.87%
Effective Duration as of Sep 30, 2020 1.77 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 7.13%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -7.69%
R-Squared (3y) as of Sep 30, 2020 73.74
Fund Standard Deviation (3y) as of Sep 30, 2020 5.59

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 0.97%
Net Expense Ratio 0.76%

Net Expense Ratio excluding Investment Related Expenses is 0.59%

  • Acquired Fund Fees and Expenses 0.17%
  • Interest expense 0.00%

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

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 Sep 30, 2020 out of 301, 6,011, 305, 103 and 305 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
APPLE INC - ELN 0.23
UNILEVER PLC 0.19
SANOFI SA 0.17
NOVARTIS AG 0.17
COCA-COLA 0.16
Name Weight (%)
TELUS CORP 0.16
TEXAS INSTRUMENT INC 0.16
MEDTRONIC PLC 0.16
PAYCHEX INC 0.16
MICROSOFT CORP - ELN 0.15
as of Sep 30, 2020
Name Weight (%)
Notional Cash Offset (FVZ0 FUTURE) 11.99
ISHARES IBOXX $ HIGH YIELD CORP BO 5.56
Notional Cash Offset (TYZ0 FUTURE) 3.83
Notional Cash Offset (UXYZ0 FUTURE) 1.74
ISHARES IBOXX $ INV GRADE CORPORAT 1.59
Name Weight (%)
CIFC_17-3A A1 144A 0.29
DRSLF_17-49A A 144A 0.26
VERIZON COMMUNICATIONS INC 4.272 01/15/2036 0.25
TRANSDIGM INC 144A 6.25 03/15/2026 0.24
GRIPP_17-1A A 144A 0.24

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% Market Value

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

% Notional Exposures

Type Fund Benchmark Net
as of Apr 28, 2017

% Notional Exposures

Type Fund Benchmark Net
as of Sep 30, 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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