BlackRock Multi-Asset Income Portfolio

C000058061 Fund Overview

BlackRock Multi-Asset Income Portfolio is a US mutual fund managed by BlackRock Funds II, categorised as Global (incl. US) Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: BlackRock Funds II
• Category: Global (incl. US) Large Cap Blend / Core Equity
• Assets under management: $10.40B
• 1-year return: 12.4%
• SEC CIK: 0001398078
• SEC series ID: S000020792
• Share class ID: C000058061

C000058061 Investment Objective and Strategy

BlackRock Multi-Asset Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock Funds II.

Investment objective

The investment objective of the BlackRock Multi-Asset Income Portfolio (“Multi-Asset Income Portfolio” or the “Fund”) is to seek to maximize current income with consideration for capital appreciation.

Principal investment strategy

The Fund may invest up to 60% of its assets in equity securities and up to 100% of its assets in fixed-income securities. The Fund may also gain exposure to such equity securities and fixed-income securities by investing in BlackRock equity and/or fixed-income mutual funds (underlying funds) and affiliated and unaffiliated ETFs. In addition, the Fund may invest in structured notes that provide exposure to covered call options or other types of financial instruments. With respect to the Funds equity investments, the Fund may invest in common stock, preferred stock, securities convertible into common and preferred stock and non-convertible preferred stock. The Fund generally intends to invest in dividend paying stocks. From time to time, the Fund may invest in shares of companies through initial public offerings (IPOs).

The Fund may invest in securities of both U.S. or non-U.S. issuers without limit, which can be U.S. dollar based or non-U.S. dollar based and may be currency hedged or unhedged. The Fund may invest in securities of companies of any market capitalization. With respect to the Funds fixed-income investments, the Fund may invest in fixed-income securities such as corporate bonds and notes, mortgage-backed securities, asset-backed securities, convertible securities, preferred securities and government obligations. The Fund may also invest significantly in non-investment grade bonds (high yield, junk bonds or distressed securities), non-investment grade bank loans, non-dollar denominated bonds and bonds of emerging market issuers. The Funds investment in non-dollar denominated bonds may be on a currency hedged or unhedged basis.

Non-investment grade bonds acquired by the Fund will generally be in the lower categories of the major rating agencies at the time of purchase (BB or lower by S&P Global Ratings, a division of the S&P Global Inc. (S&P) or Ba or lower by Moodys Investors Service, Inc. (Moodys)) or will be determined by the management team to be of similar quality. Split rated bonds will be considered to have the higher credit rating. The average portfolio duration of the Fund will vary based on the management teams forecast of interest rates and there are no limits regarding portfolio duration or average maturity. The Fund may also invest up to 15% of its assets in collateralized debt obligations (CDOs), including collateralized loan obligations (CLOs). The Fund may, when consistent with its investment objective, buy or sell options or futures on a security or an index of securities, or enter into swaps, including total return swaps, credit default swaps and credit default swap index products, and foreign currency transactions (collectively, commonly known as derivatives).

The Fund typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as currency risk. The Fund may also use derivatives to seek to enhance returns (for example, by enhancing yield to the Fund in the form of distributions), in which case their use may involve leveraging risk. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls). The underlying funds and ETFs in which the Fund invests may, to varying degrees, also invest in derivatives. The Fund may also engage in option writing to generate additional income in the portfolio.

The Fund may invest in master limited partnerships (MLPs) that are generally in energy-related industries and in U.S. and non-U.S. real estate investment trusts (REITs), structured products, including structured notes that provide exposure to covered call options or other types of financial instruments, and floating rate securities (such as bank loans). The Fund may incorporate a proprietary volatility control process that seeks to reduce risk when market volatility is expected to exceed normal ranges. The Fund may allocate assets without limitation into cash or short-term fixed-income securities, and away from riskier assets such as equity and high yield fixed-income securities. When volatility decreases, the Fund may move assets out of cash and back into riskier securities. The Fund may, at times, invest significantly in cash.

The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.

C000058061 Holdings

Top 10 holdings of BlackRock Multi-Asset Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000058061 holdings

C000058061 Portfolio Allocation

Asset-class allocation of BlackRock Multi-Asset Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000058061 Performance

Total returns for C000058061 (as of 2026-10-01), from SEC filings.

C000058061 Risk Information

Risk metrics for C000058061, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.6%

C000058061 Costs and Fees

C000058061 costs about $57 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.57%
• Gross expense ratio: 0.68%
• Portfolio turnover: 99%
• Brokerage commissions: 2.78 bps of average net assets (SEC N-CEN)

C000058061 Cashflows

Over the 12 months to 2026-04, BlackRock Multi-Asset Income Portfolio had net outflows of $193.99M, from monthly SEC N-PORT filings.

C000058061 Debt Constituents

Largest debt holdings of BlackRock Multi-Asset Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000058061 Prospectus and SEC Filings

Official BlackRock Multi-Asset Income Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-11-21
• Prospectus (485BPOS) — filed 2024-11-22
• Prospectus (485BPOS) — filed 2023-11-20
• Portfolio holdings (N-PORT) — filed 2026-09-25
• Portfolio holdings (N-PORT) — filed 2026-06-26
• Portfolio holdings (N-PORT) — filed 2026-03-27
• Annual census (N-CEN) — filed 2025-10-14
• Annual census (N-CEN) — filed 2024-10-11

Related Funds

Other Global (incl. US) Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Capital World Growth & Income Fund (CWGIX)
• Vanguard Total World Stock Index Fund (VT)
• iShares MSCI ACWI ETF (ACWI)
• Old Westbury Large Cap Strategies Fund (OWLSX)
• iShares MSCI World ETF (URTH)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.