Multi-Asset Income Fund | BAICX

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NAV as of Jul 25, 2025 $10.47
52 WK: 9.69 - 10.48
1 Day NAV Change as of Jul 25, 2025 0.01 (0.10%)
NAV Total Return as of Jul 25, 2025 YTD: 7.20%
Morningstar Rating

4 stars
NEUTRAL

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

Returns

	1y	3y	5y	10y
Total Return (%)	10.34	8.62	5.57	4.59
Return w/ Sales Charge (%)	4.55	6.68	4.43	4.02
Benchmark (%)	9.99	7.63	5.23	4.96
Morningstar Category Avg. (%)	9.41	7.69	5.41	4.66
Morningstar Ranking	56/244	38/237	85/228	95/170
Morningstar Quartile	2	1	2	3
Lipper Category Avg. (%)	10.37	9.75	8.13	5.91
Lipper Ranking	216/424	248/395	302/348	196/241
Lipper Quartile	3	3	4	4

Performance data is not currently available

	YTD	1m	3m	1y	3y	5y	10y
Total Return (%)	6.39	2.05	4.34	10.34	28.14	31.11	56.57
Return w/ Sales Charge (%)	0.80	-3.30	-1.14	4.55	21.41	24.23	48.35
Benchmark (%)	5.98	1.66	2.44	9.99	24.67	29.04	62.25
Morningstar Category Avg. (%)	6.02	2.58	4.76	9.41	24.90	30.11	57.73
Lipper Category Avg. (%)	5.94	3.23	5.92	10.37	33.38	49.51	82.37

Performance data is not currently available

	2020	2021	2022	2023	2024
Total Return (%)	6.32	6.87	-11.73	10.80	7.12
Annual w/ Sales Charge (%)	0.74	1.26	-16.36	4.98	1.50
Benchmark (%)	12.49	9.69	-15.33	14.43	9.70
Morningstar Category Avg. (%)	8.42	7.76	-13.32	10.13	7.28

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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Key Facts

Size of Fund (Millions)

as of Jul 25, 2025

$10,494.3 M

Share Class launch date

Apr 07, 2008

Benchmark Index

33.34% MSCI World High Div / 33.33% US Agg / 33.33% BBG HY 2% Issuer Capped

Morningstar Category

Global Moderately Conservative Allocation

CUSIP

09256H351

Open to New Investors

Yes

Size of Class (Millions)

as of Jul 25, 2025

$3,602.8 M

Asset Class

Multi Asset

Distribution Frequency

Monthly

Lipper Classification

Flexible Portfolio Funds

Max Offer Price

as of Jul 25, 2025

$11.05

Turnover Percent in the Annual Report

as of Jul 31, 2024

83.00%

Portfolio Characteristics

Number of Holdings

as of Jun 30, 2025

3,685

Modified Duration

as of Jun 30, 2025

2.66 yrs

Fund Standard Deviation (3y)

as of Mar 31, 2025

9.25

Unsubsidized 30-Day SEC Yield

as of Jun 30, 2025

5.16%

Weighted Avg Maturity

as of Jun 30, 2025

2.52 yrs

Worst 3-Month Return Over the Last 3 Years

3 months ending Oct 31, 2022

-5.46%

30 Day SEC Yield

as of Jun 30, 2025

5.26%

R-Squared (3y)

as of Mar 31, 2025

95.28

Beta (3y)

as of Mar 31, 2025

0.78

Effective Duration

as of Jun 30, 2025

2.23 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.

Fees

as of current prospectus

Gross Expense Ratio	0.92%
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

Morningstar Rating

Overall

4 stars

Overall Morningstar Rating for Multi-Asset Income Fund, as of Jun 30, 2025 rated against 237 Global Moderately Conservative Allocation Funds based on risk adjusted total return.

Lipper Leader

Lipper Leader Ratings

Expense

Preservation

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 Jun 30, 2025 out of 391, 4,244, 395, 153 and 395 Funds, respectively in Lipper's Flexible Portfolio Funds classification.

Holdings

as of Jun 30, 2025

Name	Weight (%)
MICROSOFT CORP	0.92
ISHARES CORE DIVIDEND GROWTH ETF	0.75
MICROSOFT CORP - ELN	0.68
META PLATFORMS INC CLASS A	0.54
NVIDIA CORP - ELN	0.51

Name	Weight (%)
ALPHABET INC CLASS A - ELN	0.45
META PLATFORMS INC CLASS A - ELN	0.45
BROADCOM INC	0.42
TAIWAN SEMICONDUCTOR MANUFACTURING	0.37
APPLE INC - ELN	0.35

as of Jun 30, 2025

Name	Weight (%)
ISHARES 5-10 YR INV GRD CRP BD ETF	2.09
ISHARES IBOXX $ HIGH YIELD CORPORA	2.03
ISHARES 1-5 YR INV GRD CORP BD ETF	1.91
ISHARES CORE 1-5 YEAR USD BOND ETF	0.53
BSP_22-29AR AR 144A	0.19

Name	Weight (%)
BX_24-AIRC A 144A	0.18
HOUSTON CENTER (A) CML Prvt	0.17
BAMLL_24-BHP A 144A	0.17
BGCLO_24-9A A1 144A	0.16
CIFC_19-5A A1R1 144A	0.16

Custom Columns

Name
Market Value
Weight (%)
Shares

Name	Market Value	Weight (%)	Shares
BLACKROCK LIQ FUND T-FD-IN	$471,844,750.55	4.50	471,844,751.00
ISHARES 5-10 YR INV GRD CRP BD ETF	$219,712,538.40	2.09	4,122,960.00
ISHARES IBOXX $ HIGH YIELD CORPORA	$213,782,019.70	2.04	2,650,738.00
ISHARES 1-5 YR INV GRD CORP BD ETF	$200,274,269.24	1.91	3,795,949.00
MICROSOFT CORP	$96,956,152.02	0.92	194,922.00
ISHARES CORE DIVIDEND GROWTH ETF	$79,079,777.14	0.75	1,236,781.00
MICROSOFT CORP ELN	$64,476,007.07	0.61	131,121.00
META PLATFORMS INC CLASS A	$56,555,408.16	0.54	76,624.00
ISHARES CORE 1-5 YEAR USD BOND ETF	$55,283,816.70	0.53	1,136,358.00
CASH COLLATERAL USD BZUFT	$54,412,000.00	0.52	54,412,000.00

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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

Sorry, countries/regions are not available at this time.

as of Jun 30, 2025

% of Market Value

Type	Fund	Benchmark	Net
North America	77.77	81.89	-4.13
Europe	14.53	11.92	2.61
Emerging Markets	2.46	1.04	1.43
Japan	1.14	3.05	-1.92
Asia Pac ex Japan	1.03	1.65	-0.61
World	0.01	0.44	-0.43
Other	0.04	0.00	0.04
Cash and/or Derivatives	-0.62	0.00	-0.62

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as of Jun 30, 2025

% of Market Value

Type	Fund	Benchmark	Net
US Fixed Income	42.76	59.58	-16.82
US Equity	31.84	19.30	12.54
Non-US Fixed Income	11.24	7.08	4.16
Non-US Equity	10.10	14.04	-3.94
Other	0.03	0.00	0.03

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Allocations subject to change.

as of Jun 30, 2025

% of Market Value

Type	Fund	Benchmark	Net
AAA Rated	16.19	1.47	14.72
AA Rated	5.98	36.86	-30.88
A Rated	12.30	5.71	6.58
BBB Rated	15.64	5.94	9.70
BB Rated	17.82	25.64	-7.82
B Rated	19.35	17.87	1.48
CCC Rated	5.16	5.80	-0.64
CC Rated	0.39	0.36	0.03
C Rated	0.04	0.05	-0.01
D Rated	0.22	0.27	-0.06

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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.

Monthly Commentary: Multi-Asset Income Fund

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

Read the commentary Read the commentary

Portfolio Managers

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

Portfolio Manager

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.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.