Fixed Income

BIT

Multi-Sector Income Trust

Overview

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Performance

Performance

  • Returns

  2012 2013 2014 2015 2016
NAV Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. - - 10.37 3.56 12.67
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. - - 6.49 3.15 16.93

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 25-May-2017 $739,386,204
Managed Assets $1,190,150,844.95
Share Class launch date 25-Feb-2013
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Multisector Bond
Lipper Classification General Bond Funds
CUSIP 09258A107
Management Fee 1.32%
Gross Expense Ratio 2.05%
Shares Outstanding as of 25-May-2017 38,166,751
Number of Holdings as of 28-Apr-2017 1,221
3m Avg Volume as of 31-Jul-2015 96,240.00

Portfolio Characteristics

Portfolio Characteristics

Ratings

Holdings

Holdings

as of 28-Apr-2017
Name Weight (%)
AVIRON CAPITAL LLC 2.36
ARGENTINA REPUBLIC OF GOVERNMENT 1.86
FHLT_06-A-2A3 1.27
RUSSIAN FEDERATION 1.15
FIRSTAR REALTY LLC 1.04
Name Weight (%)
BANK OF AMERICA CORP 1.03
GOLDMAN SACHS GROUP INC/THE 0.98
WELLS FARGO & COMPANY 0.89
MACQUARIE BANK LTD 0.88
MORGAN STANLEY 0.88

Exposure Breakdowns

Exposure Breakdowns

as of 28-Apr-2017

% of Market Value

Type Fund
as of 28-Apr-2017

% of Market Value

Type Fund
as of 28-Apr-2017

% of Market Value

Type Fund
as of 28-Apr-2017

% of Market Value

Type Fund
as of 28-Apr-2017

% of Market Value

Type Fund
as of 28-Apr-2017

% of Market Value

Type Fund
as of 28-Apr-2017

% of Market Value

Type Fund
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, Head of Customized Multi-Sector Portfolios

  

Randy Robertson
Randy Robertson
Portfolio Manager

Literature

Literature