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BlackRock Income Fund
mutual fund
BMSKX
Payout Change
Pending
Price as of:
$9.1
-0.02
-0.22%
primary theme
Bond Sector Diversified
share class
BMSKX (Mutual Fund)
BlackRock Income Fund
Payout Change
Pending
Price as of:
$9.1
-0.02
-0.22%
primary theme
Bond Sector Diversified
share class
BMSKX (Mutual Fund)
BlackRock Income Fund
Payout Change
Pending
Price as of:
$9.1
-0.02
-0.22%
primary theme
Bond Sector Diversified
share class
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.8%
1 yr return
13.5%
3 Yr Avg Return
1.2%
5 Yr Avg Return
2.6%
Net Assets
$1.18 B
Holdings in Top 10
35.9%
52 WEEK LOW AND HIGH
$9.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 81.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BMSKX - Profile
Distributions
- YTD Total Return 6.8%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.52%
- Dividend Yield 5.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock Income Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateSep 17, 2018
-
Shares Outstanding35392071
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMitchell Garfin
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income securities. The Fund may invest without limit in fixed-income securities across several investment sectors, including, but not limited to: fixed-income securities rated below investment grade, investment grade corporate bonds, fixed-income securities issued by governmental entities (including supranational entities), their agencies and instrumentalities, mezzanine investments, collateralized loan obligations (“CLOs”), bank loans, mortgage-related securities (including, but not limited to, “to be announced” or “TBA” securities), asset-backed securities and other fixed and floating or variable rate obligations. The Fund may invest in such fixed-income securities of issuers located in the United States and non-U.S. countries, including emerging market countries. The Fund is not required to invest in each investment sector at all times, and its investment in each investment sector may vary over time.
The Fund may invest in instruments of any credit quality without limitation, including instruments rated below investment grade, which are commonly referred to as “junk bonds.” The Fund may invest in fixed-income securities of any duration or maturity.
The Fund may also invest in companies whose financial condition is uncertain, where the borrower has defaulted in the payment of interest or principal or in the performance of its covenants or agreements, or that may be involved in bankruptcy proceedings, reorganizations or financial restructurings.
The Fund may use a variety of portfolio strategies to hedge its portfolio against interest rate and currency risk, or to seek to enhance its return. These strategies include the use of derivatives, such as options on portfolio positions or currencies, financial and currency futures and options on these futures, forward foreign currency transactions, interest rate swaps, credit default swaps and total return swaps. Derivatives are financial instruments whose value is derived from another security or an index.
The Fund may invest in indexed and inverse securities (which are securities that provide a potential return based on a particular index of value or interest rates).
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
BMSKX - Performance
Return Ranking - Trailing
| Period | BMSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.8% | -8.0% | 15.4% | 41.50% |
| 1 Yr | 13.5% | -6.3% | 30.5% | 36.75% |
| 3 Yr | 1.2%* | -16.8% | 17.1% | 58.02% |
| 5 Yr | 2.6%* | -14.0% | 14.3% | 48.38% |
| 10 Yr | N/A* | -6.8% | 6.9% | 21.98% |
* Annualized
Return Ranking - Calendar
| Period | BMSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.1% | -12.0% | 15.7% | 43.58% |
| 2022 | -13.2% | -31.8% | 18.4% | 49.06% |
| 2021 | -5.4% | -16.2% | 25.7% | 91.57% |
| 2020 | 2.3% | -31.1% | 18.7% | 44.37% |
| 2019 | 6.6% | -6.1% | 15.3% | 25.10% |
Total Return Ranking - Trailing
| Period | BMSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.8% | -8.0% | 15.4% | 41.50% |
| 1 Yr | 13.5% | -6.3% | 30.5% | 36.75% |
| 3 Yr | 1.2%* | -16.8% | 17.1% | 58.02% |
| 5 Yr | 2.6%* | -14.0% | 14.3% | 48.38% |
| 10 Yr | N/A* | -6.8% | 6.9% | 21.43% |
* Annualized
Total Return Ranking - Calendar
| Period | BMSKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.0% | -6.9% | 22.2% | 34.71% |
| 2022 | -9.4% | -31.8% | 21.1% | 52.82% |
| 2021 | 0.3% | -13.5% | 49.9% | 75.53% |
| 2020 | 7.4% | -28.6% | 24.1% | 30.63% |
| 2019 | 11.7% | -4.8% | 19.1% | 18.63% |
NAV & Total Return History
BMSKX - Holdings
Concentration Analysis
| BMSKX | Category Low | Category High | BMSKX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.18 B | 2.53 M | 143 B | 39.06% |
| Number of Holdings | 1824 | 4 | 9195 | 8.95% |
| Net Assets in Top 10 | 422 M | -204 M | 80.4 B | 36.73% |
| Weighting of Top 10 | 35.89% | 6.2% | 209.5% | 33.75% |
Top 10 Holdings
- Uniform Mortgage-Backed Securities 8.93%
- U.S. Treasury Bills 7.54%
- U.S. Treasury Bills 5.49%
- Uniform Mortgage-Backed Securities 4.47%
- U.S. Treasury Bills 3.80%
- iShares Floating Rate Bond ETF 1.34%
- Truist Financial Corp. 1.31%
- BlackRock Liquidity Funds, T-Fund, Institutional Class 1.02%
- U.S. Treasury Bills 1.00%
- BAT Capital Corp. 0.97%
Asset Allocation
| Weighting | Return Low | Return High | BMSKX % Rank | |
|---|---|---|---|---|
| Bonds | 91.57% | 0.00% | 192.97% | 45.06% |
| Cash | 20.14% | -94.66% | 91.07% | 7.87% |
| Convertible Bonds | 3.66% | 0.00% | 33.50% | 26.94% |
| Other | 0.68% | -73.61% | 112.16% | 65.59% |
| Stocks | 0.09% | -4.92% | 99.66% | 61.73% |
| Preferred Stocks | 0.00% | 0.00% | 26.42% | 45.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BMSKX % Rank | |
|---|---|---|---|---|
| Energy | 38.63% | 0.00% | 100.00% | 28.49% |
| Real Estate | 13.66% | 0.00% | 100.00% | 16.24% |
| Communication Services | 10.82% | 0.00% | 100.00% | 17.38% |
| Financial Services | 10.13% | 0.00% | 100.00% | 36.75% |
| Basic Materials | 8.84% | 0.00% | 100.00% | 12.54% |
| Technology | 7.50% | 0.00% | 28.30% | 23.93% |
| Utilities | 3.66% | 0.00% | 100.00% | 24.22% |
| Healthcare | 3.27% | 0.00% | 18.60% | 25.07% |
| Consumer Cyclical | 1.89% | 0.00% | 89.95% | 37.89% |
| Industrials | 1.61% | 0.00% | 100.00% | 41.31% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 39.89% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BMSKX % Rank | |
|---|---|---|---|---|
| US | 0.09% | -4.84% | 99.66% | 58.95% |
| Non US | 0.00% | -0.26% | 17.73% | 21.60% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BMSKX % Rank | |
|---|---|---|---|---|
| Corporate | 67.17% | 0.00% | 96.66% | 11.46% |
| Cash & Equivalents | 20.14% | 0.00% | 88.00% | 6.81% |
| Government | 10.47% | 0.00% | 99.43% | 53.66% |
| Securitized | 10.35% | 0.00% | 99.65% | 66.88% |
| Derivative | 0.19% | -73.61% | 112.16% | 32.97% |
| Municipal | 0.00% | 0.00% | 54.26% | 41.24% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BMSKX % Rank | |
|---|---|---|---|---|
| US | 86.61% | 0.00% | 192.97% | 40.43% |
| Non US | 4.97% | 0.00% | 74.14% | 40.12% |
BMSKX - Expenses
Operational Fees
| BMSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.67% | 0.03% | 20.67% | 86.00% |
| Management Fee | 0.49% | 0.00% | 2.29% | 21.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.06% | 0.00% | 0.70% | 25.35% |
Sales Fees
| BMSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| BMSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BMSKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 81.00% | 0.00% | 632.00% | 50.84% |
BMSKX - Distributions
Dividend Yield Analysis
| BMSKX | Category Low | Category High | BMSKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.89% | 0.00% | 23.30% | 20.03% |
Dividend Distribution Analysis
| BMSKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| BMSKX | Category Low | Category High | BMSKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.52% | -1.55% | 11.51% | 28.06% |
Capital Gain Distribution Analysis
| BMSKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.045 | OrdinaryDividend |
| Aug 30, 2024 | $0.047 | OrdinaryDividend |
| Jul 31, 2024 | $0.046 | OrdinaryDividend |
| Apr 30, 2024 | $0.045 | OrdinaryDividend |
| Mar 31, 2024 | $0.047 | OrdinaryDividend |
| Feb 29, 2024 | $0.044 | OrdinaryDividend |
| Jan 31, 2024 | $0.047 | OrdinaryDividend |
| Dec 29, 2023 | $0.050 | OrdinaryDividend |
| Nov 30, 2023 | $0.047 | OrdinaryDividend |
| Oct 31, 2023 | $0.047 | OrdinaryDividend |
| Sep 30, 2023 | $0.045 | OrdinaryDividend |
| Aug 31, 2023 | $0.047 | OrdinaryDividend |
| Jul 31, 2023 | $0.046 | OrdinaryDividend |
| Jun 30, 2023 | $0.003 | OrdinaryDividend |
| May 31, 2023 | $0.044 | OrdinaryDividend |
| Apr 28, 2023 | $0.046 | OrdinaryDividend |
| Mar 31, 2023 | $0.043 | OrdinaryDividend |
| Feb 28, 2023 | $0.035 | OrdinaryDividend |
| Jan 31, 2023 | $0.037 | OrdinaryDividend |
| Dec 30, 2022 | $0.002 | OrdinaryDividend |
| Nov 30, 2022 | $0.038 | OrdinaryDividend |
| Oct 31, 2022 | $0.037 | OrdinaryDividend |
| Sep 30, 2022 | $0.037 | OrdinaryDividend |
| Aug 31, 2022 | $0.033 | OrdinaryDividend |
| Jul 29, 2022 | $0.032 | OrdinaryDividend |
| Jun 30, 2022 | $0.030 | OrdinaryDividend |
| May 31, 2022 | $0.028 | OrdinaryDividend |
| Apr 29, 2022 | $0.030 | OrdinaryDividend |
| Mar 31, 2022 | $0.028 | OrdinaryDividend |
| Feb 28, 2022 | $0.028 | OrdinaryDividend |
| Jan 31, 2022 | $0.030 | OrdinaryDividend |
| Dec 31, 2021 | $0.031 | OrdinaryDividend |
| Dec 22, 2021 | $0.201 | OrdinaryDividend |
| Nov 30, 2021 | $0.026 | OrdinaryDividend |
| Oct 29, 2021 | $0.028 | OrdinaryDividend |
| Sep 30, 2021 | $0.030 | OrdinaryDividend |
| Aug 31, 2021 | $0.032 | OrdinaryDividend |
| Jul 30, 2021 | $0.032 | OrdinaryDividend |
| Jun 30, 2021 | $0.029 | OrdinaryDividend |
| May 28, 2021 | $0.030 | OrdinaryDividend |
| Apr 30, 2021 | $0.030 | OrdinaryDividend |
| Mar 31, 2021 | $0.032 | OrdinaryDividend |
| Feb 26, 2021 | $0.029 | OrdinaryDividend |
| Jan 29, 2021 | $0.035 | OrdinaryDividend |
| Dec 31, 2020 | $0.039 | OrdinaryDividend |
| Nov 30, 2020 | $0.037 | OrdinaryDividend |
| Oct 30, 2020 | $0.037 | OrdinaryDividend |
| Sep 30, 2020 | $0.034 | OrdinaryDividend |
| Aug 31, 2020 | $0.036 | OrdinaryDividend |
| Jul 31, 2020 | $0.040 | OrdinaryDividend |
| Jun 30, 2020 | $0.037 | OrdinaryDividend |
| May 29, 2020 | $0.039 | OrdinaryDividend |
| Apr 30, 2020 | $0.038 | OrdinaryDividend |
| Mar 31, 2020 | $0.042 | OrdinaryDividend |
| Feb 28, 2020 | $0.036 | OrdinaryDividend |
| Jan 31, 2020 | $0.037 | OrdinaryDividend |
| Dec 31, 2019 | $0.045 | OrdinaryDividend |
| Dec 23, 2019 | $0.027 | CapitalGainShortTerm |
| Nov 29, 2019 | $0.040 | OrdinaryDividend |
| Oct 31, 2019 | $0.041 | OrdinaryDividend |
| Sep 30, 2019 | $0.039 | OrdinaryDividend |
| Aug 30, 2019 | $0.039 | OrdinaryDividend |
| Jul 31, 2019 | $0.041 | OrdinaryDividend |
| Dec 21, 2018 | $0.041 | CapitalGainShortTerm |
BMSKX - Fund Manager Analysis
Managers
Mitchell Garfin
Start Date
Tenure
Tenure Rank
Jul 02, 2012
9.92
9.9%
Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.
James Keenan
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team from 2006 to 2007;Prior to joining BlackRock in 2004, He was a senior high yield trader at Columbia Management Group from 2003 to 2004. Mr. Keenan began his investment career at UBS Global Asset Management where he held roles as a trader, research analyst and a portfolio analyst from 1998 through 2003. Mr. Keenan holds the Chartered Financial Analyst designation.
Jeffrey Cucunato
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
Jeffrey Cucunato, Managing Director, is a member of the US Bonds Portfolio Team within BlackRock's Fixed Income Portfolio Management Group. He is the lead manager for the Investment Grade Corporates and Long Duration Portfolio Team. Prior to joining the corporate bond team, Mr. Cucunato focused on interest rate products, including government and agency securities. He was also involved in the day-to-day management of BlackRock's inflation-linked bond portfolios. Mr. Cucunato joined the Portfolio Management Group in 1997. He began his career at BlackRock in 1995 as an analyst in the Account Management Group, working with international clients and alternative investments.
Jose Aguilar
Start Date
Tenure
Tenure Rank
Jul 01, 2016
5.92
5.9%
Jose Aguilar is Managing Director of BlackRock, Inc. since 2016 and Director of BlackRock, Inc. from 2013 to 2016. Previously, Jose was Vice President of BlackRock, Inc. from 2011 to 2013 and Associate of BlackRock, Inc. from 2009 to 2011. Prior to this, Jose was Associate of R3 Capital Partners from 2008 to 2009.
Ronie Ganguly
Start Date
Tenure
Tenure Rank
Oct 19, 2021
0.61
0.6%
Director of BlackRock, Inc. since 2016; Senior Vice President of PIMCO from 2013 to 2016; Credit Trader of Deutsche Bank from 2006 to 2013; Analyst of Citigroup from 2005 to 2006; Analyst of JP Morgan from 2001 to 2005.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.72 | 3.19 |
