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Overview
Managing income for a better outcome
The BlackRock Managed Income Fund seeks consistent income in all markets through a diversified, risk-managed approach.
Core, low-cost income solution
Conservative, risk-managed approach
Seeks attractive income, with a focus on risk management
Time to rethink your income strategy
The scarcity of decent yields has driven determined income-seekers into fewer, more highly correlated asset classes.
Get the story
Performance
Performance
Growth of Hypothetical $10,000
Performance chart data not available for display.
Distributions
Interactive chart displaying fund performance. Javascript is required.
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Returns
Performance data is not currently available
Performance data is not currently available
Performance data is not currently available
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.”
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.”
Time to rethink your income strategy
The scarcity of decent yields has driven determined income-seekers into fewer, more highly correlated asset classes.
Get the story
Get the story
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
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
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.
There is an additional management fee waiver of 0.14% related to certain affiliated investments.
Ratings
Ratings
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
Allocations subject to change.
as of Sep 30, 2020
% Market Value
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
Portfolio Manager
Literature
Literature
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Important Information
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.
The fund is actively managed and its characteristics will vary.
Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.
Fund of funds are subject to the risks associated with the underlying BlackRock funds in which it invests.
International investing involves special risks including, but not limited to currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.
Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher rated securities.
Asset allocation strategies do not assure profit and do not protect against loss.
Non-diversification of investments means that more assets are potentially invested in fewer securities than if investments were diversified, so risk is increased because each investment has a greater effect on performance.
The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.
‡The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used.
The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months.
For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx.
The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.
Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.
Investing involves risk, including possible loss of principal.
Fund details, holdings and characteristics are as of the date noted and subject to change.
Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.
Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
©2020 BlackRock, Inc. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, FACTORSELECT, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
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