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Trending ETFs

Name

As of 06/21/2024

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

$9.40

$749 M

4.16%

$0.39

0.72%

Vitals

YTD Return

2.8%

1 yr return

8.0%

3 Yr Avg Return

1.3%

5 Yr Avg Return

3.2%

Net Assets

$749 M

Holdings in Top 10

30.4%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$9.40

$749 M

4.16%

$0.39

0.72%

BLDIX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.17%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BLACKROCK MANAGED INCOME FUND
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Oct 29, 2007
  • Shares Outstanding
    50562971
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Justin Christofel

Fund Description

The Fund may invest up to 100% of its assets in fixed-income securities and up to 30% of its assets in equity securities. The Fund may also gain exposure to such fixed-income securities and equity securities by investing in BlackRock fixed-income and/or equity mutual funds (“underlying funds”) and affiliated and unaffiliated exchange-traded funds (“ETFs”).
With respect to the Fund’s fixed-income investments, the Fund may invest in fixed-income securities such as corporate bonds and notes, commercial and residential mortgage-backed securities (including collateralized mortgage obligations), asset-backed securities (such as collateralized debt obligations, including collateralized loan obligations), municipal securities, preferred securities, pass-through securities, U.S. Treasuries and agency securities, and securities issued or guaranteed by foreign governments, their agencies or instrumentalities, and floating rate securities (such as bank loans). The Fund may also invest 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. The Fund may invest in fixed-income securities of both U.S. and non-U.S. issuers, including emerging market issuers, without limit.
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.
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, including emerging market 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. In addition, the Fund may invest in structured notes that provide exposure to covered call options or other types of financial instruments.
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 and foreign currency transactions (collectively, commonly known as derivatives). The Fund’s use of derivatives will be primarily as part of a strategy designed to reduce exposure to other risks, such as currency risk. The Fund may also use derivatives as a substitute for taking a position in the underlying asset. 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 underlying funds and ETFs in which the Fund invests may, to varying degrees, also invest in derivatives. The Fund may also engage in option writing to generate additional income in the portfolio.
As part of the Fund’s risk management process, the Fund may allocate, without limitation, assets into cash or short-term fixed-income securities, and away from riskier assets such as equity and high yield fixed-income securities.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
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BLDIX - Performance

Return Ranking - Trailing

Period BLDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -2.1% 7.9% 45.08%
1 Yr 8.0% -2.8% 16.5% 31.15%
3 Yr 1.3%* -10.7% 5.8% 10.00%
5 Yr 3.2%* -9.2% 6.0% 16.96%
10 Yr 3.6%* -2.2% 3.6% 5.81%

* Annualized

Return Ranking - Calendar

Period BLDIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -6.5% 9.5% 61.48%
2022 -13.2% -24.6% -1.5% 18.33%
2021 0.3% -8.5% 3.8% 36.97%
2020 2.0% -16.2% 11.1% 88.79%
2019 5.5% 3.0% 10.7% 91.96%

Total Return Ranking - Trailing

Period BLDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -2.1% 7.9% 45.08%
1 Yr 8.0% -2.8% 16.5% 31.15%
3 Yr 1.3%* -10.7% 5.8% 10.00%
5 Yr 3.2%* -9.2% 6.0% 16.96%
10 Yr 3.6%* -2.2% 3.6% 5.81%

* Annualized

Total Return Ranking - Calendar

Period BLDIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -5.6% 13.3% 11.48%
2022 -9.5% -22.6% 8.8% 15.83%
2021 6.0% -8.5% 13.8% 20.17%
2020 6.2% -13.7% 13.5% 79.31%
2019 10.0% 5.7% 18.4% 70.54%

NAV & Total Return History


BLDIX - Holdings

Concentration Analysis

BLDIX Category Low Category High BLDIX % Rank
Net Assets 749 M 8.81 M 5.46 B 27.87%
Number of Holdings 2275 2 2275 0.82%
Net Assets in Top 10 228 M 9.21 M 5.27 B 45.90%
Weighting of Top 10 30.41% 10.9% 102.4% 94.26%

Top 10 Holdings

  1. BlackRock GNMA Portfolio, Class K Shares 7.71%
  2. BlackRock Liquidity Funds, T-Fund, Institutional Class 7.21%
  3. BlackRock Allocation Target Shares - BATS Series A 5.96%
  4. BlackRock High Equity Income Fund, Class K Shares, Class K Shares 3.51%
  5. iShares Core Dividend Growth ETF 2.89%
  6. BlackRock Floating Rate Income Portfolio, Class K Shares 1.00%
  7. Microsoft Corp. 0.60%
  8. RRX 4 Ltd., Series 2021-4A, Class A1 0.53%
  9. U.S. Treasury Inflation Linked Notes 0.50%
  10. U.S. Treasury Inflation Linked Bonds 0.50%

Asset Allocation

Weighting Return Low Return High BLDIX % Rank
Bonds
61.36% 0.00% 154.51% 11.48%
Stocks
11.93% 0.00% 100.18% 86.07%
Cash
7.21% 0.00% 44.38% 18.85%
Convertible Bonds
3.28% 0.00% 3.97% 5.74%
Other
0.94% -71.99% 36.26% 5.74%
Preferred Stocks
0.00% 0.00% 1.13% 51.64%

Stock Sector Breakdown

Weighting Return Low Return High BLDIX % Rank
Healthcare
18.59% 0.00% 19.76% 2.46%
Technology
16.57% 0.00% 25.62% 60.66%
Financial Services
16.41% 0.00% 20.10% 7.38%
Consumer Cyclical
9.14% 0.00% 12.36% 74.59%
Real Estate
9.04% 0.00% 78.69% 25.41%
Industrials
8.75% 0.00% 29.86% 85.25%
Consumer Defense
7.71% 0.00% 22.77% 10.66%
Communication Services
7.43% 0.00% 11.71% 39.34%
Utilities
2.63% 0.00% 91.26% 63.11%
Energy
2.38% 0.00% 27.98% 93.44%
Basic Materials
1.36% 0.00% 8.62% 90.16%

Stock Geographic Breakdown

Weighting Return Low Return High BLDIX % Rank
US
7.25% 0.00% 100.18% 88.52%
Non US
4.68% 0.00% 14.08% 3.28%

Bond Sector Breakdown

Weighting Return Low Return High BLDIX % Rank
Corporate
73.91% 0.00% 73.91% 0.82%
Securitized
20.70% 0.00% 61.25% 40.98%
Cash & Equivalents
7.21% 0.00% 44.38% 21.31%
Government
0.20% 0.00% 62.10% 94.26%
Derivative
0.17% -0.11% 36.26% 8.20%
Municipal
0.00% 0.00% 7.45% 86.07%

Bond Geographic Breakdown

Weighting Return Low Return High BLDIX % Rank
US
61.13% 0.00% 154.51% 10.66%
Non US
0.23% 0.00% 17.38% 9.02%

BLDIX - Expenses

Operational Fees

BLDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.11% 6.36% 77.05%
Management Fee 0.35% 0.00% 1.25% 65.57%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.70% 24.00%

Sales Fees

BLDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BLDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

BLDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 6.00% 318.00% 61.82%

BLDIX - Distributions

Dividend Yield Analysis

BLDIX Category Low Category High BLDIX % Rank
Dividend Yield 4.16% 0.00% 5.22% 1.64%

Dividend Distribution Analysis

BLDIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

BLDIX Category Low Category High BLDIX % Rank
Net Income Ratio 3.17% -1.30% 3.99% 5.83%

Capital Gain Distribution Analysis

BLDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

View More +

BLDIX - Fund Manager Analysis

Managers

Justin Christofel


Start Date

Tenure

Tenure Rank

Sep 30, 2016

5.67

5.7%

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

Sep 30, 2016

5.67

5.7%

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

Sep 30, 2016

5.67

5.7%

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 26.96 6.4 12.09