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BIICX BlackRock Multi-Asset Income Instl

  • Fund
  • BIICX
  • Price as of: May 21, 2019
  • $10.72 + $0.02 + 0.19%
  • Category
  • Diversified Portfolio

BIICX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return -1.5%
  • Net Assets $16.1 B
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$10.72
$9.99
$10.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.67%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 61.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 5.7%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Justin Christofel

BIICX - Performance

Return Ranking - Trailing

Period BIICX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -3.6% 18.6% 79.63%
1 Yr -0.6% -27.6% 10.7% 25.08%
3 Yr 0.7%* -9.2% 14.1% 67.33%
5 Yr -1.5%* -24.5% 8.6% 64.23%
10 Yr 3.3%* -14.3% 9.7% 60.79%

* Annualized


Return Ranking - Calendar

Period BIICX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.5% -34.6% 1.6% 31.33%
2017 3.8% -12.4% 33.2% 77.35%
2016 1.5% -65.8% 23.3% 75.77%
2015 -6.5% -64.9% 4.8% 53.46%
2014 -0.7% -59.3% 68.3% 58.93%

Total Return Ranking - Trailing

Period BIICX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.7% -3.6% 18.6% 79.95%
1 Yr -0.6% -25.5% 11.4% 55.29%
3 Yr 0.9%* -9.2% 14.1% 87.32%
5 Yr -1.2%* -21.8% 47.6% 89.22%
10 Yr 4.1%* -12.6% 13.3% 84.94%

* Annualized


Total Return Ranking - Calendar

Period BIICX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.5% -32.7% 1.6% 59.54%
2017 4.1% -8.4% 33.2% 88.96%
2016 1.8% -65.2% 23.3% 89.68%
2015 -6.3% -62.9% 9.2% 78.85%
2014 -0.3% -28.5% 76.9% 86.99%

NAV & Total Return History

BIICX - Holdings

Concentration Analysis

BIICX Category Low Category High BIICX % Rank
Net Assets 16.1 B 608 K 144 B 3.73%
Number of Holdings 4518 2 13342 0.32%
Net Assets in Top 10 1.9 B -752 M 26.4 B 15.43%
Weighting of Top 10 11.91% 0.0% 3196.0% 96.71%

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 7.27%

  2. iShares Short-Term Corporate Bond ETF 0.83%

  3. SPDR® Blmbg Barclays High Yield Bd ETF 0.55%

  4. Enterprise Products Partners LP 0.52%

  5. Cisco Systems Inc 0.51%

  6. Energy Transfer LP 0.50%

  7. Plains All American Pipeline LP 0.44%

  8. Pfizer Inc 0.44%

  9. MPLX LP Partnership Units 0.43%

  10. Microsoft Corp 0.41%


Asset Allocation

Weighting Return Low Return High BIICX % Rank
Bonds
59.85% -342.57% 261.66% 17.52%
Stocks
32.28% -18.54% 99.89% 78.43%
Convertible Bonds
5.11% -0.09% 39.88% 4.87%
Cash
1.74% -285.07% 453.71% 75.08%
Preferred Stocks
0.91% 0.00% 65.70% 14.80%
Other
0.12% -253.31% 51.84% 36.62%

Stock Sector Breakdown

Weighting Return Low Return High BIICX % Rank
Energy
5.35% -2.23% 32.61% 15.06%
Financial Services
4.73% -0.38% 47.66% 74.37%
Industrials
4.28% -0.28% 27.79% 62.91%
Healthcare
3.75% -2.72% 24.64% 75.51%
Technology
3.52% -9.43% 28.91% 81.39%
Consumer Cyclical
3.40% -10.37% 33.33% 71.33%
Real Estate
3.32% -3.85% 73.69% 22.85%
Consumer Defense
2.13% -1.62% 18.58% 74.49%
Communication Services
1.11% -0.92% 7.52% 65.76%
Utilities
0.45% -0.60% 23.50% 82.66%
Basic Materials
0.24% -1.52% 21.64% 92.41%

Stock Geographic Breakdown

Weighting Return Low Return High BIICX % Rank
US
22.79% -20.21% 124.70% 75.02%
Non US
9.49% -91.46% 98.02% 55.22%

Bond Sector Breakdown

Weighting Return Low Return High BIICX % Rank
Corporate
46.06% 0.00% 93.54% 5.06%
Securitized
16.21% 0.00% 43.20% 20.49%
Government
3.37% -203.24% 254.66% 79.76%
Cash & Equivalents
1.81% -278.69% 455.04% 71.60%
Municipal
0.00% 0.00% 99.76% 80.96%
Derivative
-0.02% -190.53% 70.06% 85.77%

Bond Geographic Breakdown

Weighting Return Low Return High BIICX % Rank
US
42.17% -337.34% 210.96% 29.60%
Non US
17.68% -84.44% 144.19% 8.29%

BIICX - Expenses

Operational Fees

BIICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.00% 11.64% 69.01%
Management Fee 0.51% 0.00% 2.50% 56.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.00% 0.83% 17.79%

Sales Fees

BIICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BIICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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.

BIICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 61.00% 0.00% 6067.00% 64.20%

BIICX - Distributions

Dividend Yield Analysis

BIICX Category Low Category High BIICX % Rank
Dividend Yield 0.04% 0.00% 0.31% 3.92%

Dividend Distribution Analysis

BIICX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

BIICX Category Low Category High BIICX % Rank
Net Income Ratio 5.04% -4.09% 6.99% 0.51%

Capital Gain Distribution Analysis

BIICX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

BIICX - Managers

Justin Christofel

Manager

Start Date

Tenure

Tenure Rank

Nov 28, 2011

7.42

7.4%

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

Manager

Start Date

Tenure

Tenure Rank

Nov 28, 2011

7.42

7.4%

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

Manager

Start Date

Tenure

Tenure Rank

Mar 09, 2015

4.15

4.2%

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

0.0

Category High

38.35

Category Average

6.56

Category Mode

6.95