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Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BLACKROCK MULTI-ASSET INCOME PORTFOLIO

BKMIX | Fund

$10.09

$10.8 B

6.42%

$0.65

0.62%

Vitals

YTD Return

4.7%

1 yr return

9.2%

3 Yr Avg Return

1.0%

5 Yr Avg Return

3.7%

Net Assets

$10.8 B

Holdings in Top 10

20.7%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 135.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BLACKROCK MULTI-ASSET INCOME PORTFOLIO

BKMIX | Fund

$10.09

$10.8 B

6.42%

$0.65

0.62%

BKMIX - Profile

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.41%
DIVIDENDS
  • Dividend Yield 6.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BLACKROCK MULTI-ASSET INCOME PORTFOLIO
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Feb 06, 2017
  • Shares Outstanding
    104714619
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Justin Christofel

Fund Description

The Fund may invest up to 60% of its assets in equity securities and up to 100% of its assets in fixed-income securities. In addition, the Fund may invest in structured notes that provide exposure to covered call options or other types of financial instruments.
With respect to the Fund’s equity investments, the Fund may invest in common stock, preferred stock, securities convertible into common and preferred stock and non-convertible preferred stock. The Fund generally intends to invest in dividend paying stocks. From time to time, the Fund may invest in shares of companies through initial public offerings (“IPOs”). The Fund may invest in securities of both U.S. or non-U.S. issuers without limit, which can be U.S. dollar based or non-U.S. dollar based and may be currency hedged or unhedged. The Fund may invest in securities of companies of any market capitalization.
With respect to the Fund’s fixed-income investments, the Fund may invest in fixed-income securities such as corporate bonds and notes, mortgage-backed securities, asset-backed securities, convertible securities, preferred securities and government obligations. The Fund may also invest significantly in non-investment grade bonds (high yield, junk bonds or distressed securities), non-investment grade bank loans, non-dollar denominated bonds and bonds of emerging market issuers. The Fund’s investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis. Non-investment grade bonds acquired by the Fund will generally be in the lower categories of the major rating agencies at the time of purchase (BB or lower by S&P Global Ratings, a division of S&P Global Inc. or Ba or lower by Moody’s Investors Service, Inc.) or will be determined by the management team to be of similar quality. Split rated bonds will be considered to have the higher credit rating. The average portfolio duration of the Fund will vary based on the management team’s forecast of interest rates and there are no limits regarding portfolio duration or average maturity.
The Fund may also invest up to 15% of its assets in collateralized debt obligations (“CDOs”), including collateralized loan obligations (“CLOs”).
The Fund may, when consistent with its investment objective, buy or sell options or futures on a security or an index of securities, or enter into swaps, including total return swaps, credit default swaps and credit default swap index products, and foreign currency transactions (collectively, commonly known as derivatives). The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as currency risk. The Fund may also use derivatives to seek to enhance returns (for example, by enhancing yield to the Fund in the form of distributions), in which case their use may involve leveraging risk. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls). The Fund may also engage in option writing to generate additional income in the portfolio.
The Fund may invest in U.S. and non-U.S. real estate investment trusts (“REITs”), structured products, including structured notes that provide exposure to covered call options or other types of financial instruments, and floating rate securities (such as bank loans).
The Fund may incorporate a proprietary volatility control process that seeks to reduce risk when market volatility is expected to exceed normal ranges. The Fund may allocate assets without limitation into cash or short-term fixed-income securities, and away from riskier assets such as equity and high yield fixed-income securities. When volatility decreases, the Fund may move assets out of cash and back into riskier securities. The Fund may, at times, invest significantly in cash.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
Read More

BKMIX - Performance

Return Ranking - Trailing

Period BKMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 0.0% 18.9% 39.47%
1 Yr 9.2% -1.3% 23.4% 20.33%
3 Yr 1.0%* -16.2% 5.1% 29.68%
5 Yr 3.7%* -2.2% 7.8% 58.51%
10 Yr N/A* 0.8% 8.5% 55.15%

* Annualized

Return Ranking - Calendar

Period BKMIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -1.0% 27.4% 69.86%
2022 -15.9% -35.0% -7.4% 40.68%
2021 1.6% -11.5% 14.6% 55.09%
2020 1.7% -10.3% 40.7% 78.22%
2019 8.4% -9.5% 22.1% 75.14%

Total Return Ranking - Trailing

Period BKMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% 0.0% 18.9% 39.47%
1 Yr 9.2% -1.3% 23.4% 20.33%
3 Yr 1.0%* -16.2% 5.1% 29.68%
5 Yr 3.7%* -2.2% 7.8% 58.51%
10 Yr N/A* 0.8% 8.5% 52.32%

* Annualized

Total Return Ranking - Calendar

Period BKMIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% 2.6% 28.2% 29.19%
2022 -11.2% -35.0% -3.1% 29.54%
2021 7.3% -11.5% 32.0% 59.80%
2020 6.9% -5.4% 40.7% 68.77%
2019 13.6% 4.5% 27.7% 72.97%

NAV & Total Return History

BKMIX - Holdings

Concentration Analysis

BKMIX Category Low Category High BKMIX % Rank
Net Assets 10.8 B 244 K 50.8 B 3.58%
Number of Holdings 3991 2 3991 0.95%
Net Assets in Top 10 2.24 B 261 K 9.91 B 12.41%
Weighting of Top 10 20.71% 6.8% 101.1% 82.82%

Top 10 Holdings

  1. BlackRock Liquidity Funds, T-Fund, Institutional Class 9.10%
  2. iShares Core Dividend Growth ETF 4.29%
  3. BlackRock Cash Funds: Institutional, SL Agency Shares 2.12%
  4. iShares iBoxx $ High Yield Corporate Bond ETF 2.10%
  5. Societe Generale SA 0.67%
  6. Taiwan Semiconductor Manufacturing Co. Ltd. 0.65%
  7. U.S. Treasury Inflation Linked Notes 0.52%
  8. U.S. Treasury Inflation Linked Bonds 0.52%
  9. Microsoft Corp. 0.38%
  10. Sanofi SA 0.37%

Asset Allocation

Weighting Return Low Return High BKMIX % Rank
Bonds 		61.01% 0.00% 80.16% 7.40%
Stocks 		24.86% 0.00% 100.48% 87.59%
Cash 		11.22% -35.68% 21.36% 4.77%
Convertible Bonds 		3.02% 0.00% 71.77% 11.81%
Other 		1.39% -0.69% 62.24% 13.13%
Preferred Stocks 		0.28% 0.00% 21.95% 18.85%

Stock Sector Breakdown

Weighting Return Low Return High BKMIX % Rank
Financial Services 		17.07% 0.00% 83.50% 14.32%
Technology 		14.71% 0.22% 27.92% 58.01%
Real Estate 		12.51% 0.00% 43.16% 12.62%
Healthcare 		9.81% 0.00% 24.25% 90.05%
Industrials 		9.55% 0.14% 17.90% 62.86%
Consumer Cyclical 		9.14% 0.00% 14.20% 57.52%
Communication Services 		8.10% 0.00% 11.11% 23.30%
Consumer Defense 		6.65% 0.00% 18.62% 67.23%
Utilities 		4.86% 0.00% 48.33% 30.83%
Energy 		4.40% 0.00% 62.93% 64.81%
Basic Materials 		3.21% 0.00% 32.82% 87.86%

Stock Geographic Breakdown

Weighting Return Low Return High BKMIX % Rank
US 		12.52% 0.00% 100.48% 89.26%
Non US 		12.34% 0.00% 22.75% 7.40%

Bond Sector Breakdown

Weighting Return Low Return High BKMIX % Rank
Corporate 		64.80% 0.00% 96.66% 8.67%
Securitized 		20.18% 0.00% 52.08% 33.25%
Cash & Equivalents 		11.22% 0.00% 22.48% 4.77%
Government 		2.94% 0.00% 63.33% 92.05%
Municipal 		0.00% 0.00% 99.85% 98.55%
Derivative 		-0.47% -0.79% 62.23% 96.42%

Bond Geographic Breakdown

Weighting Return Low Return High BKMIX % Rank
US 		55.29% 0.00% 80.16% 12.41%
Non US 		5.72% 0.00% 6.02% 2.63%

BKMIX - Expenses

Operational Fees

BKMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.06% 21.26% 79.95%
Management Fee 0.51% 0.00% 1.25% 71.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.70% 37.14%

Sales Fees

BKMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BKMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BKMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 135.00% 2.00% 380.00% 93.75%

BKMIX - Distributions

Dividend Yield Analysis

BKMIX Category Low Category High BKMIX % Rank
Dividend Yield 6.42% 0.00% 7.99% 3.58%

Dividend Distribution Analysis

BKMIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly SemiAnnual

Net Income Ratio Analysis

BKMIX Category Low Category High BKMIX % Rank
Net Income Ratio 4.41% -1.22% 6.83% 3.39%

Capital Gain Distribution Analysis

BKMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

BKMIX - Fund Manager Analysis

Managers

Justin Christofel

Start Date

Tenure

Tenure Rank

Nov 28, 2011

10.51

10.5%

Justin Christofel, CFA, CAIA, Managing Director and portfolio manager, is a member of the BlackRock Multi-Asset Strategies group. Prior to the launch of the Income strategies, Mr. Christofel managed customized asset allocation portfolios for institutional investors. He also managed volatility control strategies, and a multi-asset real return portfolio. Mr. Christofel joined Blackrock in 2007 from Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance. Mr. Christofel graduated from Yale University with a BA degree, with honors, in economics and mathematics.

Michael Fredericks

Start Date

Tenure

Tenure Rank

Nov 28, 2011

10.51

10.5%

Michael Fredericks, Managing Director, is head of Income Investing for the Blackrock Multi-Asset Strategies group and lead portfolio manager for the Multi-Asset Income, Global Multi-Asset Income, Dynamic High Income, and Managed Income funds. Mr. Fredericks joined BlackRock in 2011 from JPMorgan Asset Management where he was an Executive Director and portfolio manager in the Global Multi-Asset Group (GMAG) responsible for retail asset allocation solutions. At JPMorgan he co-managed the JPMorgan Diversified Fund and the JPMorgan Income Builder Fund, and served on the GMAG New York investment committee. Previously he was an equity analyst responsible for global consumer discretionary stocks at Nicholas Applegate Capital Management. Mr. Fredericks holds a B.A. in Economics and History from the University of California, Berkeley and an M.P.I.A. from the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He regularly contributes to financial news media and has been featured in print and broadcast outlets including the Wall Street Journal, Financial Times, Associated Press, CNBC and Bloomberg TV, among others.

Alex Shingler

Start Date

Tenure

Tenure Rank

Mar 09, 2015

7.23

7.2%

Alex Shingler, CFA, Managing Director and portfolio manager, is a member of BlackRock's Multi-Asset Strategies group. Prior to his current role, Mr. Shingler served as a research analyst and portfolio manager within European and US Credit Strategies. Before joining BlackRock in 2009 in London, Mr. Shingler was Head of European Research at R3 Capital Partners and its predecessor. From 1999 to 2007, Mr. Shingler was with Seneca Capital Advisors, focusing on special situation equity and debt investments. He began his career as ananalyst with J.P. Morgan. Mr. Shingler earned an AB degree, summa cum laude, in philosophy from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.36 2.41

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