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Multi Asset

BDHAX

Dynamic High Income Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
19.56 8.24 6.15 - 6.00
13.28 6.32 5.01 - 4.90
Benchmark (%) Index: 70% MSCI World Ind(Net TR)/30% BBG Bar US Agg Ind.<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.

as of Dec 31, 2019

21.92 10.11 7.18 - 7.13
Morningstar Category Avg. (%) World Allocation

as of Dec 31, 2019

16.10 7.19 4.51 6.02 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

81/459 98/379 33/320 - -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking.

as of Dec 31, 2019

1 2 1 - -
Lipper Category Avg. (%) Flexible Portfolio Funds

as of Dec 31, 2019

15.98 6.72 4.68 6.49 -
Lipper Ranking Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

126/542 118/469 64/364 - -
Lipper Quartile Rankings are based on total return excluding sales charges.

as of Dec 31, 2019

1 2 1 - -
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.

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 Jan 24, 2020 $151.2 M
Size of Fund (Millions) as of Jan 24, 2020 $1,320.5 M
Share Class launch date Nov 03, 2014
Asset Class MultiAsset
Morningstar Category World Allocation
Lipper Classification Flexible Portfolio Funds
Benchmark Index 70% MSCI World Ind(Net TR)/30% BBG Bar US Agg Ind
CUSIP 09257E829
Number of Holdings as of Dec 31, 2019 1,404
Max Offer Price as of Jan 24, 2020 $10.49
Open to New Investors Yes
Turnover Percent as of Dec 31, 2019 69%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Dec 31, 2019 93.27
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 10.03%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2018 -8.84%
Fund Standard Deviation (3y) as of Dec 31, 2019 7.24

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.

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for Dynamic High Income Fund, Class A, as of Dec 31, 2019 rated against 379 World Allocation Funds based on risk adjusted total return.

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 Apr 24, 2019) ‡

Holdings

Holdings

as of Dec 31, 2019
Name Weight (%)
ISHS EDG MSCI USA VAL FCT ETF(USD) 2.04
ISHARES CORE S&P ETF 1.55
ISHARES CORE DIVIDEND GROWTH ETF 0.91
METLIFE INC - ELN 0.58
DELTA AIR LINES INC - ELN 0.55
Name Weight (%)
ENTERPRISE PRODUCTS PARTNERS UNITS 0.47
PLAINS ALL AMERICAN PIPELINE UNITS 0.43
ENERGY TRANSFER UNITS 0.43
SAMSUNG ELECTRONICS NON VOTING PRE 0.35
MAGELLAN MIDSTREAM PARTNERS UNITS 0.35
as of Dec 31, 2019
Name Weight (%)
BLACKROCK ALL TGT SH BATS SERIES A 5.56
ISHARES MBS ETF 1.75
FLOATING RATE INCOME FUND CLASS K 1.65
STATE STREET CORP 2.89363 06/15/2037 0.44
WELLS FARGO DEPOSITARY SHARES CO 0.43
Name Weight (%)
BANK OF AMERICA CORP 6.25 12/31/2049 0.40
WESTPAC BANKING CORP. (NEW ZEALAND 5 12/31/2049 0.40
INVESCO SENIOR LOAN ETF 0.40
CREDIT AGRICOLE SA 144A 8.125 12/31/2049 0.32
TRANSDIGM INC 144A 6.25 03/15/2026 0.30

Exposure Breakdowns

Exposure Breakdowns

as of Dec 31, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Dec 31, 2019

% of Market Value

Type Fund Benchmark Net
as of Dec 31, 2019

% 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.

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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