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MULTI-ASSET INCOME FUND

Deliberately Flexible

Composed of stocks, bonds and alternative income sources, this fund seeks to find the best opportunities for income regardless of geography or investment type. This strategic diversification along with an agile approach allows for quick adjustments due to market fluctuations while still managing appropriate levels of risk.

Is This Fund a Good Fit?

The Multi-Asset Income Fund is designed for investors who:

  • Are nervous about risk, but still want to generate income.
  • Feel comfortable with a diversified mix of stocks, bonds, and non-traditional income sources.
  • Want to invest in a fund that seeks to balance risk, return and income.

Historically attractive returns

The fund's tactical and unconstrained strategy seeks out the best income opportunities around the world and across asset classes in order to deliver competitive performance over time. Ultimately, with risk being carefully managed, the fund seeks to provide an attractive income stream in comparison to its peers.

Average annual total return vs. the Morningstar Category Avg.

1 yr 3 yrs 5 yrs 10 yrs
Fund Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 13.86 6.17 4.73 6.85
Morningstar Category Avg. (%) Allocation--30% to 50% Equity 14.81 6.31 4.66 6.19

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Tactical in asset allocation

In an ever-shifting investment landscape, agility is often vital to produce positive results. Using a risk-first approach, the Multi-Asset Income fund is able to make quick and calculated changes to the various asset classes in the mix. This enables the fund to pursue a lower level of risk than its benchmark comprised of 50% stocks and 50% bonds.

Asset Class Breakdown

as of Jan 31, 2020

Type Fund Benchmark Net
US Fixed Income 50.07 45.99 4.09
Non-US Fixed Income 19.61 4.01 15.59
US Equity 18.68 31.24 -12.56
Non-US Equity 8.90 18.76 -9.87
Other 0.00 0.00 0.00

% of Current Market Value

Please refer to the BIICX product page for full list of exposures.

Top holdings

as of Jan 31, 2020

Name Weight (%)
ENTERPRISE PRODUCTS PARTNERS UNITS 0.40
METLIFE INC - ELN 0.39
ENERGY TRANSFER UNITS 0.39
PLAINS ALL AMERICAN PIPELINE UNITS 0.36
MAGELLAN MIDSTREAM PARTNERS UNITS 0.32
Name Weight (%)
LOCKHEED MARTIN CORP - ELN 0.31
MPLX COMMON UNITS 0.29
MONDELEZ INTERNATIONAL INC CLASS A - ELN 0.27
NORTHROP GRUMMAN CORP - ELN 0.27
DANAHER CORP - ELN 0.27
Name Weight (%)
ISHARES MBS ETF 5.76
ISHARES IBOXX $ INV GRADE CORPORAT 1.45
ISHARES SHORT-TERM CORP BOND 0.48
TRANSDIGM INC 144A 6.25 03/15/2026 0.30
HOUSTON CENTER (BSREP II HOUSTON) CML Prvt 0.26
Name Weight (%)
STATE STREET CORP 2.89363 06/15/2037 0.25
CREDIT SUISSE GROUP AG 144A 6.25 12/31/2049 0.24
BANK OF AMERICA CORP 6.25 12/31/2049 0.24
MORGAN STANLEY 0.23
TRANSCANADA TRUST 5.875 08/15/2076 0.23

Does it really take money to make money?

The short answer is yes. Why? Nearly all of the money you pay in fees is used to help manage your investment, which includes our powerful Aladdin investment platform, countless years of proprietary research and some of the most experienced teams in the industry.

What's behind your fee?*:

  • 4,000+ securities, offering more opportunities to make money and manage risk.
  • 1,000+ Aladdin technologists keeping up with the market.
  • 15 asset class specialist teams helping to produce 2X the yield of a balanced portfolio.*
  • 19+ years of experience (on average) per portfolio manager so you know your money is in knowledgeable hands.

*Data as of March 31, 2019

*“Double the Yield” claims are based on Institutional shares’ average SEC 30-day subsidized yield (4.96% vs. 2.48%) versus a “balanced portfolio” (defined as the fund’s benchmark, a portfolio of 50% MSCI World Index and 50% Bloomberg Barclays U.S. Aggregate Bond Index) since the inception of the strategy (inception 11/28/11) to 3/31/19.

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This fund may be an excellent addition to an investment portfolio. Before investing, it's always a good idea to check with your financial advisor to be sure that you are meeting your financial goals.

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