Multi Asset

BAICX

Multi-Asset Income Fund

  • NAV as of Nov 13, 2024 $10.26
    52 WK: 9.39 - 10.42
  • 1 Day NAV Change as of Nov 13, 2024 -0.01 (-0.10%)
  • NAV Total Return as of Nov 13, 2024 YTD: 8.11%

Overview

About this Fund

1. Flexible, core income solution
2. Focused on managing volatility
3. Seeks attractive income and total return

Investment Approach

Seeks to achieve attractive income with less risk by tactically managing a portfolio of equities, fixed income and non-traditional sources of income.

For more information read our monthly commentary
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 17.78 2.80 4.40 4.27
Return w/ Sales Charge (%) 11.60 0.97 3.28 3.71
Morningstar Category Avg. (%) 18.42 1.30 4.56 4.43
Morningstar Ranking 269/453 159/440 292/403 201/300
Morningstar Quartile 3 2 4 3
Lipper Category Avg. (%) 21.14 3.97 6.89 5.52
Lipper Ranking 313/431 267/400 295/353 192/243
Lipper Quartile 3 3 4 4
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 9.07 1.38 5.60 17.78 8.65 24.00 51.86
Return w/ Sales Charge (%) 3.35 -3.94 0.06 11.60 2.95 17.49 43.89
Morningstar Category Avg. (%) 7.72 -1.89 1.22 18.42 8.05 28.42 58.76
Lipper Category Avg. (%) 11.83 1.55 5.18 21.14 12.69 40.81 74.51
  2019 2020 2021 2022 2023
Total Return (%) 13.59 6.32 6.87 -11.73 10.80
Annual w/ Sales Charge (%) 7.63 0.74 1.26 -16.36 4.98
Morningstar Category Avg. (%) 14.81 8.86 8.24 -13.31 10.43

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 prior to November 28, 2011 are the returns of the Fund when it followed different investment strategies under the name “BlackRock Income Portfolio.” 
Click here for Distribution data

Time to rethink your income strategy

The scarcity of decent yields has driven determined income-seekers into fewer, more highly correlated asset classes.
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Income strategy

Key Facts

Key Facts

Size of Fund (Millions)
as of Nov 13, 2024
$10,844.3 M
Share Class launch date
Apr 07, 2008
Distribution Frequency
Monthly
Lipper Classification
Flexible Portfolio Funds
Max Offer Price
as of Nov 13, 2024
$10.83
Turnover Percent in the Annual Report
as of Jul 31, 2024
83%
Size of Class (Millions)
as of Nov 13, 2024
$3,755.1 M
Asset Class
Multi Asset
Morningstar Category
Moderately Conservative Allocation
CUSIP
09256H351
Open to New Investors
Yes

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Oct 31, 2024
3,648
Modified Duration
as of Oct 31, 2024
2.98 yrs
Fund Standard Deviation (3y)
as of Oct 31, 2024
9.31
Unsubsidized 30-Day SEC Yield
as of Oct 31, 2024
5.41%
Weighted Avg Maturity
as of Oct 31, 2024
2.42 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-9.26%
30 Day SEC Yield
as of Oct 31, 2024
5.50%
R-Squared (3y)
as of Oct 31, 2024
95.01
Beta (3y)
as of Oct 31, 2024
0.78
Effective Duration
as of Oct 31, 2024
2.62 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
9.86%

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.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.91%
Net Expense Ratio 0.82%

Net Expense Ratio excluding Investment Related Expenses is 0.80%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective May 03, 2024)
Analyst-Driven % as of May 03, 2024
100.00
Data Coverage % as of May 03, 2024
100.00

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 Oct 31, 2024 out of 392, 4,456, 396, 116 and 396 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Holdings

Holdings

as of Oct 31, 2024
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 4.51
MICROSOFT CORP 0.83
ISHARES CORE S&P 500 ETF 0.74
MICROSOFT CORP - ELN 0.53
APPLE INC - ELN 0.52
Name Weight (%)
TAIWAN SEMICONDUCTOR MANUFACTURING 0.46
NOVO NORDISK CLASS B 0.41
SANOFI SA 0.38
SHELL PLC 0.36
NVIDIA CORP - ELN 0.35
as of Oct 31, 2024
Name Weight (%)
ISHARES IBOXX $ HIGH YIELD CORPORA 2.18
ISHARES 5-10 YR INV GRD CRP BD ETF 1.99
AMSR_20-SFR1 F 144A 0.18
BX_24-AIRC A 144A 0.18
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.17
Name Weight (%)
BAMLL_24-BHP A 144A 0.16
BSP_19-19AR AR 144A 0.16
CIFC_19-5A A1R1 144A 0.15
BGCLO_24-9A A1 144A 0.14
ABBSL_21-2A A 144A 0.14
Name Market Value Weight (%) Shares
Detailed Holdings and Analytics
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

Sorry, countries/regions are not available at this time.
as of Oct 31, 2024

% of Market Value

Type Fund
as of Oct 31, 2024

% of Market Value

Type Fund
Allocations subject to change.
as of Oct 31, 2024

% of Market Value

Type Fund
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.

Tactical asset allocation in action

See how Multi-Asset Income Fund manages income for a better outcome.
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Tactical asset allocation in action

Portfolio Managers

Portfolio Managers

Justin Christofel, CFA
Justin Christofel, CFA
Co-Head of Income Investing, Multi-Asset Strategies & Solutions

   

Read More

Justin Christofel, CFA, CAIA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, Managed Income Fund, and Multi-Asset Income model portfolios.

 

Justin’s service with the firm dates back to 2007, where prior to the launch of the Income strategies, he managed customized asset allocation portfolios for institutional investors.

 

Justin earned his BA, with honors, in economics and mathematics from Yale University.

 

Justin’s interests include exploring the intersection of macroeconomic drivers and asset class returns and constructing portfolios that offer clients resilience in a variety of market regimes. Outside of work, he enjoys nearly any activity that allows him to be active, particularly Crossfit.

 

Multi-Asset Strategies & Solutions (MASS) meets client demand for active asset allocation strategies and whole portfolio solutions through funds, model portfolios, and more. MASS draws on the toolkit of BlackRock's index, factor, and alpha-seeking capabilities to deliver cutting-edge insights and investment outcomes.

Alex Shingler, CFA
Alex Shingler, CFA
Co-Head of Income Investing, Multi-Asset Strategies & Solutions

     

Read More

Alex Shingler, CFA, Managing Director, is co-head of Income Investing for BlackRock’s Multi-Asset Strategies & Solutions group. He is a portfolio manager for a number of income strategies including the Multi-Asset Income Fund, Dynamic High Income Fund, Managed Income Fund, and Multi-Asset Income model portfolios.

 

Alex’s service with the firm dates back to 2009, where he joined as a portfolio manager and research analyst within BlackRock’s European and US credit businesses. Alex has spent his career investing across equity and fixed income markets and before joining BlackRock in London, Alex focused on special situation equity investments.

 

Alex earned his AB, summa cum laude, in philosophy from Princeton University.

 

Alex grew up in Montreal, Canada, and resides in the New York City area with his wife and daughter.

Portfolio Manager

Team's Commentary

Get timely market outlooks, thought leadership and portfolio positioning insights from the investment team.

Read the Team's Commentary

Literature

Literature

 

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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 ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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