A go-anywhere income solution
Improve your income potential with a tactical, unconstrained strategy that sources opportunities across geographies and asset classes. BlackRock Multi-Asset Income Fund takes a risk-first approach while seeking to deliver a consistently attractive yield.
Performance and positioning update
- Positive stock and bond returns helped the fund deliver positive performance for the month. Many equity indices ended the quarter at record highs amidst a strong earnings and broader growth backdrop.
- We trimmed corporate credit where spreads have compressed in favor of equities, where we believe there is more scope for upside given the strong growth backdrop. We also cut duration and added to TIPs and floating rate in light of stickier inflation and risks to the timing of Fed easing.
The fund has delivered higher yield than global stocks or bonds
Source: Morningstar. Data as of 03/31/24 since strategy inception (11/28/11). Fund data based on Institutional share class. Other share classes will vary. Average fund yield shown is 30-day SEC yield as of 03/31/2024: 6.19% (subsidized); 6.08% (unsubsidized). Core bonds represented by Bloomberg U.S. Aggregate Bond Index. Global equities represented by MSCI World Index. Past performance is no guarantee of future results. Index performance shown for illustrative purposes. It is not possible to invest directly in an index. Must be preceded or accompanied by a prospectus.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of dividends and capital gains. Current performance may be lower or higher than that shown. Refer to blackrock.com for most recent month-end performance.
Investing involves risk, including possible loss of principal.
The opinions expressed are those of the fund's portfolio management team as of April 10, 2024, and may change as subsequent conditions vary. Information and opinions are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. There is no guarantee that any of these views will come to pass. Reliance upon information in this material is at the sole discretion of the reader. Percent of net assets figures represent the Fund's exposure based on the economic value of securities adjusted for futures, options, swaps and convertible bonds.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg, JPMorgan, MSCI Inc., Morningstar, Inc., Nasdaq, Inc., or S&P Dow Jones Indices LLC. None of these companies make any representation regarding the advisability of investing in the Funds. BlackRock, Inc. is not affiliated with the companies listed above.
There is no guarantee that any fund will pay dividends. Diversification and asset allocation may not protect against market risk or loss of principal. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market.
Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/ developing markets or in concentrations of single countries.
Fixed income risks include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments.
Non-diversification of investments means that more assets are potentially invested in fewer securities than if investments were diversified, so risk is increased because each investment has a greater effect on performance.
Dividends are not guaranteed and a company's future ability to pay dividends may be limited.
Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities.
Asset allocation and diversification may not protect against market risk, loss of principal or volatility of returns.
The funds may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.
BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings
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 visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.
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