Fixed Income

BKT

Income Trust

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y
3.97 4.35 4.02 6.79
Market Price Total Return (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 10.79 5.20 5.17 6.69
  YTD 1m 1y 3y 5y 10y
2.98 0.98 3.97 13.62 21.80 92.97
Market Price Total Return (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 6.10 - 10.79 16.44 28.64 91.13
  2011 2012 2013 2014 2015
NAV Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 8.82 2.89 0.49 5.35 3.19
Market Price Total Return (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 13.40 6.92 -5.64 5.36 5.69

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Net Assets as of 27-Sep-2016 $445,424,486
Managed Assets 598,111,404.02
Share Class launch date 31-Jul-1988
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Intermediate-Term Bond
Lipper Classification US Mortgage Funds
CUSIP 09247F100
Management Fee 0.80%
Gross Expense Ratio 0.99%
Shares Outstanding as of 27-Sep-2016 63,942,535
Number of Holdings as of 31-Aug-2016 197
3m Avg Volume as of 31-Aug-2016 112,170.00

Portfolio Characteristics

Portfolio Characteristics

Ratings

Ratings

Holdings

Holdings

as of 31-Aug-2016
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 35.50
FNMA_11-99-CB 8.81
FEDERAL HOME LOAN MORTGAGE CORPORATION - GOLD 4.02
GNMA_10-99-JM 3.53
FHLMC_4016-BX 3.13
Name Weight (%)
FNMA_11-142-PE 3.03
GNMA_11-88-PY 2.96
FNMA_11-117-CP 2.88
GNMA_10-112-TL 2.75
UNITED STATES TREASURY 2.17

Exposure Breakdowns

Exposure Breakdowns

as of 31-Aug-2016

% of Market Value Based on Managed Assets

as of 31-Aug-2016

% of Market Value Based on Managed Assets

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the country where the issuer of the securities carries out much of their business.
as of 31-Aug-2016

% of Market Value Based on Managed Assets

as of 31-Aug-2016

% of Market Value Based on Managed Assets

as of 31-Aug-2016

% of Market Value Based on Managed Assets

as of 31-Aug-2016

% of Market Value Based on Managed Assets

as of 31-Aug-2016

% of Market Value Based on Managed Assets

The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Thomas Musmanno, CFA
Managing Director
Akiva Dickstein
Managing Director, Portfolio Manager

   

Matthew Kraeger
Managing Director
Ron Sion
Managing Director
Portfolio Manager

Literature

Literature