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Morningstar

BlackRock Managed Income Institutional BLDIX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.01  /  0.01 %
  • Total Assets 728.8 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Conservative Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 4.93%
  • Turnover 60%

USD | NAV as of Sep 20, 2023 | 1-Day Return as of Sep 20, 2023, 10:16 PM GMT+0

Morningstar’s Analysis BLDIX

Will BLDIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BLDIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BLDIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of BLDIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A multi-asset income fund with an eye on risk.

Senior Analyst Megan Pacholok

Megan Pacholok

Senior Analyst

Summary

BlackRock Managed Income benefits from a strong and well-resourced team that deftly executes a research-driven, flexible process that delivers income while limiting downside risk. The departure of longtime lead manager Michael Fredericks is a loss, but the remaining portfolio managers are up to the task. The strategy earns a Morningstar Medalist Rating of Silver for its two cheapest share classes and Bronze and Neutral for its pricier shares.

by Megan Pacholok
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BLDIX

More BLDIX Holdings
  • Current Portfolio Date
  • Equity Holdings 86
  • Bond Holdings 2365
  • Other Holdings 255
  • % Assets in Top 10 Holdings 50.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 10 Year Treasury Note

21.09
156,066,000
Government

BlackRock Allocation Target Shrs Ser A

8.60
63,624,398
—

BlackRock GNMA K

7.59
56,174,450
—

Us 5Yr Note Dec 23

4.93
36,468,352
Government

BlackRock Liquidity T-Fund Instl

3.43
25,406,004
Cash and Equivalents

Future on Ultra 10 Year US Treasury Note

3.34
24,721,312
Government

BlackRock High Equity Income K

3.20
23,653,895
—

Gbp/Usd Future (Cme) Sep 23

2.17
16,026,083
Derivative

iShares Core Dividend Growth ETF

1.27
9,393,410
—

iShares iBoxx $ Invmt Grade Corp Bd ETF

1.05
7,769,107
—