Multi Asset

BMICX

Managed Income Fund

  • NAV as of Apr 02, 2025 $9.46
    52 WK: 9.20 - 9.75
  • 1 Day NAV Change as of Apr 02, 2025 0.00 (0.00%)
  • NAV Total Return as of Apr 02, 2025 YTD: 2.30%

Overview

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Performance

Performance

  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 2.06 -0.76 2.06 4.96 8.15 23.95 32.99
Return w/ Sales Charge (%) 1.06 -1.75 1.06 3.96 8.15 23.95 32.99
Benchmark (%) 0.67 -1.66 0.67 5.99 9.89 28.79 61.14
Morningstar Category Avg. (%) 1.57 -0.91 1.57 5.18 7.42 23.02 35.49
  2020 2021 2022 2023 2024
Total Return (%) 4.72 4.50 -10.12 9.18 4.11
Annual w/ Sales Charge (%) 3.72 3.50 -10.99 8.18 3.11
Benchmark (%) 11.35 6.88 -14.29 11.48 7.98
Morningstar Category Avg. (%) 7.29 5.04 -10.84 7.98 5.41

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 performance information for periods prior to the inception date of the share class are based on the Fund’s Class K Shares, adjusted to reflect the fees and expenses applicable to such share class. See the fund prospectus for more details.
Click here for Distribution data

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Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 02, 2025
$783.2 M
Share Class launch date
Oct 03, 2016
Benchmark Index
70% Bloomberg U.S. Aggregate Bond Index/30% S&P 500 Index (USD)
Morningstar Category
Conservative Allocation
CUSIP
09257E688
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 02, 2025
$18.0 M
Asset Class
Multi Asset
Distribution Frequency
None
Lipper Classification
Multi-Sector Income Fds
Max Offer Price
as of Apr 02, 2025
$9.46
Turnover Percent in the Annual Report
as of Dec 31, 2023
65%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Feb 28, 2025
1,644
Modified Duration
as of Feb 28, 2025
5.74 yrs
Fund Standard Deviation (3y)
as of Feb 28, 2025
8.13
Unsubsidized 30-Day SEC Yield
as of Feb 28, 2025
4.63%
Weighted Avg Maturity
as of Feb 28, 2025
3.42 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Jun 30, 2022
-7.37%
30 Day SEC Yield
as of Feb 28, 2025
4.87%
R-Squared (3y)
as of Feb 28, 2025
94.51
Beta (3y)
as of Feb 28, 2025
0.81
Effective Duration
as of Feb 28, 2025
4.12 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
9.17%

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 1.69%
Net Expense Ratio 1.48%

Net Expense Ratio excluding Investment Related Expenses is 1.39%

  • Acquired Fund Fees and Expenses 0.09%
  • Interest expense 0.00%

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

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 Feb 28, 2025 out of 355, 6,088, 355, 77 and 355 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

as of Feb 28, 2025
Name Weight (%)
ISHARES CORE DIVIDEND GROWTH ETF 1.95
MICROSOFT CORP 0.43
APPLE INC - ELN 0.28
AMAZON COM INC - ELN 0.27
ASTRAZENECA PLC 0.26
Name Weight (%)
NVIDIA CORP - ELN 0.25
META PLATFORMS INC CLASS A 0.24
META PLATFORMS INC CLASS A - ELN 0.23
MICROSOFT CORP - ELN 0.23
TAIWAN SEMICONDUCTOR MANUFACTURING 0.23
as of Feb 28, 2025
Name Weight (%)
SPCLO_24-5A B 144A 0.64
DCLO_23-3AR A1R 144A 0.32
DCLO_23-3AR A2R 144A 0.32
GCBSL_24-77A A1 144A 0.32
OCP_20-19A A1R 144A 0.32
Name Weight (%)
GLM_17-1AR3 CR3 144A 0.32
BAYER US FINANCE LLC 144A 6.125 11/21/2026 0.29
PETROLEOS MEXICANOS MTN 6.875 08/04/2026 0.28
SPCLO_22-1AR A1R 144A 0.26
SPCLO_22-1AR BR 144A 0.26
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

as of Feb 28, 2025

% of Market Value

as of Feb 28, 2025

% of Market Value

Allocations subject to change.
as of Feb 28, 2025

% of Market Value

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

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 tennis.

 

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

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.

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USR-9694