BlackRock Multi-Asset Income Portfolio
Conservative allocation fund
As of its 2026 Q2 report, BlackRock Multi-Asset Income Portfolio held 5,325 positions with $10.54B in net assets. Its ten largest holdings made up 12.2% of the fund. Its share classes cost 0.52%–1.57% a year. Over the 12 months to May 2026, it returned 10.1%, with dividends reinvested. In 2026 Q3 it added 1,422 new positions and exited 976.
The investment objective of BlackRock Multi-Asset Income Portfolio (the Fund) is to seek to maximize current income with consideration for capital appreciation.
The fund seeks to maximize current income by investing up to 60% in dividend-paying equities and up to 100% in fixed-income securities, including substantial allocations to high-yield bonds, bank loans, and emerging-market debt, while employing derivatives such as covered call options and credit default swaps to enhance yield. The fund may also use a proprietary volatility control process to shift assets between cash and riskier securities based on market conditions. Because the fund's returns depend on the manager's selection of individual securities and tactical allocation decisions, performance will diverge from any benchmark. The fund may engage in active and frequent trading and may invest significantly in cash at times.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TSTXXBlackRock Liquidity Funds | 4.91% | $517.29M | — | — |
BlackRock Funds III | 2.06% | $216.86M | — | — |
iShares Trust | 2.02% | $213.07M | — | — |
iShares, Inc. | 1.08% | $113.75M | — | — |
Beignet Investor LLC 6.58% · due 2049-05-30 | 0.49% | $51.83M | — | — |
MSFTMicrosoft Corp. | 0.43% | $45.51M | 111.6K | $407.78 |
GOOGLAlphabet, Inc. | 0.36% | $37.65M | 97.8K | $384.80 |
AVGOBroadcom, Inc. | 0.33% | $34.31M | 82.2K | $417.43 |
0.30% | $31.80M | 52.0K | $611.91 | |
0.24% | $25.47M | 333.8K | $76.31 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 5,325 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 39.27% |
| Stocks | 25.86% |
| Securitized | 21.71% |
| Cash & short-term | 7.43% |
| 2 smaller | 8.96% |
| Derivatives | -0.32% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- International
- 27.4%
- Securitized
- 21.6%
- Other
- 16.7%
- Cash
- 7.2%
- 12 other sectors
- 27.1%
- International
- 27.4%
- Securitized
- 21.6%
- Other
- 16.7%
- Cash
- 7.2%
- Financials
- 5.7%
- Utilities
- 3.6%
- Information Technology
- 2.9%
- Industrials
- 2.6%
- Government
- 2.3%
- Real Estate
- 2.0%
- Health Care
- 2.0%
- Energy
- 1.8%
- Communication Services
- 1.4%
- Consumer Discretionary
- 1.2%
- Consumer Staples
- 1.0%
- Materials
- 0.7%
How it has done
C000058060 share class · total returns with dividends reinvested
Volatility over the last 12 months: 5.58%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
BlackRock Multi-Asset Income Portfolio is a conservative allocation fund.
- Asset class
- Allocation (multi-asset)
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Conservative
- Expense ratio, by class
- 0.52% – 1.57%
- Portfolio turnover
- 99.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1422 new· the largest 8
976 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 53.2% |
| Floating rate | 46.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 23.1% |
| 1-3y | 6.0% |
| 3-5y | 15.3% |
| 5-10y | 23.3% |
| 10y+ | 32.3% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 60% |
| Credit spreads | 40% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.90 yr |
| High yield | +0.88 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.04 yr | 2% |
| 1 yr | 0.15 yr | 5% |
| 5 yr | 2.00 yr | 74% |
| 10 yr | 0.26 yr | 9% |
| 30 yr | 0.26 yr | 10% |
| 3 mo | 0.54 yr | 30% |
| 1 yr | 0.07 yr | 4% |
| 5 yr | 0.89 yr | 50% |
| 10 yr | 0.19 yr | 11% |
| 30 yr | 0.09 yr | 5% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.04 | +0.27 | +0.27 | $280.3k | $288.1k |
| 1 yr | +0.15 | +0.03 | +0.04 | $32.3k | $45.4k |
| 5 yr | +2.00 | +0.43 | +0.46 | $456.3k | $484.3k |
| 10 yr | +0.26 | +0.15 | +0.04 | $154.5k | $44.4k |
| 30 yr | +0.26 | +0.03 | +0.06 | $27.7k | $67.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 2.71 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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