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BAICX BlackRock Multi-Asset Income Investor A

  • Fund
  • BAICX
  • Price as of: Aug 08, 2016
  • $10.76
  • + $0.01
  • + 0.09%
  • Category
  • Diversified Portfolio

BAICX - Profile

Vitals

  • YTD Return 2.5%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 6.1%
  • Net Assets $13.3 B
  • Holdings in Top 10 5.7%

52 WEEK LOW AND HIGH

$10.76
$9.95
$10.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 60.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$100

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.85%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BlackRock Multi-Asset Income Portfolio
  • Fund Family Name BlackRock
  • Inception Date Apr 07, 2008
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Justin Christofel

Fund Description

The BlackRock Multi-Asset Income Portfolio Investor A Shares (BAICX) is a low-cost, actively managed fund that aims to provide a high income. BAICX is a “go anywhere” fund that can own foreign and domestic stocks, bonds and other securities, such as ETFs, in search of that income. BAICX uses fundamental analysis when selecting securities for its portfolio as well as tactical asset allocation to guard against volatility.

With its wide mandate for achieving income, BAICX makes for a great core holding in a portfolio. The fund is managed by BlackRock Investment Management, LLC.

BAICX - Performance

Return Ranking - Trailing

Period BAICX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.5% -65.8% 22.5% 63.75% 4
1 Yr 2.2% -30.1% 18.0% 40.03% 3
3 Yr 4.4% * -14.0% 12.6% 55.59% 3
5 Yr 6.1% * -13.4% 12.2% 45.29% 3
10 Yr N/A * -5.6% 9.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period BAICX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.5% -61.2% 48.7% 50.57% 3
2014 N/A -11.0% 4.5% N/A N/A
2013 N/A -11.5% 25.9% N/A N/A
2012 N/A 5.1% 15.7% N/A N/A
2011 N/A -7.3% 5.7% N/A N/A

Total Return Ranking - Trailing

Period BAICX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.5% -65.8% 22.5% 64.62% 4
1 Yr -3.1% -30.1% 17.0% 74.98% 4
3 Yr 2.5% * -15.0% 12.6% 74.33% 4
5 Yr 4.9% * -13.7% 12.2% 60.71% 4
10 Yr N/A * -5.6% 9.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BAICX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.5% -61.2% 48.7% 50.57% 3
2014 N/A -11.0% 9.6% N/A N/A
2013 N/A -4.1% 29.6% N/A N/A
2012 N/A 7.8% 20.7% N/A N/A
2011 N/A -3.5% 11.7% N/A N/A

NAV & Total Return History

BAICX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

BAICX Category Low Category High BAICX % Rank Quintile
Net Assets 13.3 B 81.4 K 99.6 B 0.78% 1
Number of Holdings 4183 1 12089 0.14% 1
Net Assets in Top 10 737 M -654 M 19.5 B 4.99% 2
Weighting of Top 10 5.7% 0.0% 246.1% 30.11% 5

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corporate Bd 2.03%
  2. SPDR® Barclays High Yield Bond ETF 1.34%
  3. AstraZeneca PLC 0.29%
  4. Emera FRN 0.30%
  5. Merrill Lynch Intl ([Wts/Rts]) 0.29%
  6. Bnp Paribas 144A FRN 0.29%
  7. British American Tobacco PLC 0.28%
  8. LaSalle LOGIPORT REIT 0.28%
  9. Simon Property Group Inc 0.30%
  10. CyrusOne Inc 0.29%

Asset Allocation

Weighting Category Low Category High BAICX % Rank Quintile
Bonds
59.07% -0.39% 98.35% 3.38% 1
Stocks
24.22% -3.90% 139.24% 25.17% 5
Cash
9.71% -80.76% 100.06% 12.81% 3
Other
5.42% -9.98% 131.62% 5.08% 1
Convertible Bonds
0.81% 0.00% 33.12% 3.84% 1
Preferred Stocks
0.77% -0.04% 36.35% 5.95% 1

Stock Sector Breakdown

Weighting Category Low Category High BAICX % Rank Quintile
Real Estate
4.15% -2.11% 51.75% 6.78% 2
Energy
2.19% -3.72% 31.87% 14.81% 4
Consumer Defense
2.02% -6.80% 33.05% 17.13% 4
Financial Services
1.98% -5.44% 81.82% 22.24% 5
Healthcare
1.60% -0.78% 26.13% 21.63% 5
Consumer Cyclical
1.35% -6.71% 67.05% 22.14% 5
Industrials
1.28% -4.76% 59.46% 22.19% 5
Communication Services
1.17% -2.19% 32.13% 12.30% 4
Technology
0.93% -11.24% 86.30% 23.58% 5
Utilities
0.62% -6.48% 56.47% 12.86% 4
Basic Materials
0.53% -3.08% 25.70% 15.78% 5

Stock Geographic Breakdown

Weighting Category Low Category High BAICX % Rank Quintile
Non US
17.23% -2.43% 163.55% 8.28% 2
US
6.99% -123.16% 136.63% 28.38% 5

Bond Sector Breakdown

Weighting Category Low Category High BAICX % Rank Quintile
Corporate
38.56% 0.00% 93.84% 2.84% 1
Securitized
19.54% -0.01% 42.26% 2.75% 1
Cash & Equivalents
8.85% -80.82% 157.26% 13.09% 3
Government
2.42% -160.96% 76.37% 22.33% 4
Municipal
0.00% 0.00% 137.36% 7.60% 5
Derivative
-0.19% -84.53% 22.60% 3.84% 5

Bond Geographic Breakdown

Weighting Category Low Category High BAICX % Rank Quintile
US
40.61% -31.85% 93.68% 6.68% 2
Non US
18.46% -57.44% 70.46% 2.11% 1

BAICX - Expenses

Operational Fees

BAICX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.94% 0.00% 165.34% 14.79% 2
Management Fee 0.52% 0.00% 2.55% 3.48% 3
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 3
Administrative Fee 0.08% 0.00% 0.83% 2.30% 3

Sales Fees

BAICX Fees (% of AUM) Category Low Category High BAICX Rank Quintile
Front Load 5.25% 0.14% 5.75% 0.69% 2
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

BAICX Fees (% of AUM) Category Low Category High BAICX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover 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.

BAICX Fees (% of AUM) Category Low Category High BAICX Rank Quintile
Turnover 60.00% 0.00% 5473.00% 9.88% 3

BAICX - Distributions

Dividend Yield Analysis

BAICX Category Low Category High BAICX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 12.69% 1

Dividend Distribution Analysis

BAICX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BAICX Category Low Category High BAICX % Rank Quintile
Net Income Ratio 4.85% -2.96% 9.94% 0.96% 1

Capital Gain Distribution Analysis

BAICX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

BAICX - Managers

Justin Christofel

Manager

Start Date

Nov 28, 2011

Tenure

4.68

Tenure Rank

3.7%

Justin Christofel, CFA, CAIA, Managing Director and portfolio manager, is a member of the BlackRock Multi-Asset Strategies group, which is responsible for developing, assembling, and managing global tactical asset allocation portfolios as well as outcome oriented investment solutions. Mr. Christofel is a portfolio manager for the Multi-Asset Income, Global Multi-Asset Income, and Dynamic High Income Funds. He is also manages traditional tactical asset allocation, managed volatility, and real return strategies for both institutional and individual investors. Prior to joining BlackRock in 2007, Mr. Christofel was with Oliver Wyman, a consulting firm specializing in financial services. His projects spanned from retail banking to structured finance. Mr. Christofel earned a BA degree, with honors, in economics and mathematics from Yale University.


Michael Fredericks

Manager

Start Date

Nov 28, 2011

Tenure

4.68

Tenure Rank

3.7%

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, and Dynamic High 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

Manager

Start Date

Mar 09, 2015

Tenure

1.4

Tenure Rank

6.1%

Alex Shingler, Managing Director, is a portfolio manager in the Credit, Rates & Alternative Strategies business within BlackRock Fixed Income. He is head of US Event Driven Credit and the co-portfolio manager of the European Credit Strategies funds. Prior to joining BlackRock in 2009, Mr. Shingler was a Senior Vice President and 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. Prior to that, he was an analyst with J.P. Morgan. Mr. Shingler earned an AB degree in Philosophy from Princeton University in 1997 and is a CFA charterholder.


Tenure Analysis

Category Low

0.0

Category High

35.5

Category Average

5.28

Category Mode

1.6