BlackRock Managed Income Fund (BLDIX)

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BlackRock Managed Income Fund (BLDIX) is up 2.2% since the beginning of the year. BLDIX is currently trading at $10 per share. Investors who bought $1,000 worth of BLDIX shares 5 years ago would now be looking at an investment worth $1,183.

BlackRock Managed Income Fund (BLDIX) has returned 2.15% so far this year and 8.08% over the past 12 months. Over the last ten years, BLDIX has returned 4.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 22, 2007, BLDIX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was Dec 2008 with a return of +12.9%, while the worst month was Mar 2020 at -7.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BLDIX closed higher 44% of trading days. The best single day was Jul 23, 2018 with a return of +6.5%, while the worst single day was Jul 20, 2018 at -6.1%.

BlackRock Managed Income Fund has an annualized alpha of 6.18%, beta of -0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 23, 2007.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.39%) than losses (10.12%) - typical of diversified or defensive assets.
• Beta of -0.03 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BLDIX has an expense ratio of 0.41%, placing it in the medium range.

BLDIX ranks 40 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for BlackRock Managed Income Fund (BLDIX) and compare them to S&P 500 Index.

BlackRock Managed Income Fund provided a 5.45% dividend yield over the last twelve months, with an annual payout of $0.53 per share.

The table displays the monthly dividend distributions for BlackRock Managed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock Managed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock Managed Income Fund was 14.47%, occurring on Oct 17, 2008. Recovery took 41 trading sessions.

The current BlackRock Managed Income Fund drawdown is 0.03%.

The chart below shows the rolling one-month volatility.