Value investing: Value investing is a strategy where investors use fundamental analysis (looking at financial statements, business strength, cash flows, etc.) to estimate what a company is truly worth (its “intrinsic value”).
Please be aware that costs and fees shown may not be exhaustive. Please refer to the prospectus for more information.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Marketing Material
BlackRock Investment Trusts | BlackRock American Income Trust
Hello, I'm Muzo Kayacan, Portfolio Manager for the BlackRock American Income Trust, a fund that seeks to combine an innovative approach to investing with a steady income stream.
The BlackRock American Income Trust invests in US equities and is the UK’s first and only AI-powered investment trust*. It gives you diversified access to leading companies beyond the usual headline-grabbing tech giants.
Our systematic approach uses big data and cutting-edge AI insights with the aim to uncover fundamentally strong US companies currently overlooked or undervalued by the market. Think of it as having an army of virtual analysts scouring the globe, reading thousands of documents every day, monitoring the news, social media, consumer transactions, hiring trends, economic data… if we find any information that can predict company fundamentals and stock prices, we incorporate it into our models to help identify new investment opportunities.
However, it's not just algorithms operating independently; our expert team oversees the research, portfolio construction, risk management and trading processes.
[On screen] Risk management cannot fully eliminate the risk of investment loss.
Our approach seeks to deliver both long-term capital appreciation and a steady income - paying dividends equivalent to 6% annually.
The extensive use of technology means that we can provide an active approach to picking stocks at a low cost with a management fee of 35 basis points, so can you keep even more of your returns.
Whether you're building wealth for the future or looking for income, BlackRock American Income Trust offers a smart, modern way to invest in US equities.
Thanks for watching and welcome to a smarter way to invest with The BlackRock American Income Trust.
*Source: theaic.co.uk – BlackRock American Income seeks to become first ‘systematic’ trust, March 2025
Risk Warnings
Investors should refer to the prospectus or offering documentation for the funds full list of risks.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time and depend on personal individual circumstances.
Fund-specific risks
Description of Fund Risks
Counterparty Risk
The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
Derivative Risk
Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
Equity securities
The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.
Quantitative model risk
The Fund uses quantitative models in order to make investment decisions. As market dynamics shift over time, a quantitative model may become less efficient or may even present deficiencies under certain market conditions.
Important Information
In the UK and Non-European Economic Area (EEA) countries: this is issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: + 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.
UK Investment Trust Funds: The Company is managed by BlackRock Fund Managers Limited (BFM) as the AIFM. BFM has delegated certain investment management and other ancillary services to BlackRock Investment Management (UK) Limited. The Company’s shares are traded on the London Stock Exchange and dealing may only be through a member of the Exchange. The Company will not invest more than 15% of its gross assets in other listed investment trusts. SEDOL™ is a trademark of the London Stock Exchange plc and is used under licence.
Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.
The investment trusts listed in this document currently conduct their affairs so that their securities can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s rules in relation to non-mainstream investment products and intend to continue to do so for the foreseeable future. The securities are excluded from the Financial Conduct Authority’s restrictions which apply to non-mainstream investment products because they are securities issued by investment trusts. Investors should understand all characteristics of the funds objective before investing, if applicable this includes sustainable disclosures and sustainable related characteristics of the fund as found in the prospectus, which can be found www.blackrock.com on the relevant product pages for where the fund is registered for sale. For information on investor rights and how to raise complaints please go to https://www.blackrock.com/corporate/compliance/investor-right available in in local language in registered jurisdictions.
Any research in this document has been procured and may have been acted on by BlackRock for its own purpose. The results of such research are being made available only incidentally. The views expressed do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereof and no assurances are made as to their accuracy.
This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in connection with any such offer.
© 2025 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
Investing in US Equities, reimagined
Discover how to invest using big data and AI seeking to uncover potential overlooked opportunities in the US stock market.
The BlackRock American Income Trust is one of a kind. It is the first investment trust in the UK to adopt a systematic investment approach1, using big data and AI insights seeking to uncover fundamentally strong American companies overlooked by the market. We believe this modern investment approach, alongside an enhanced dividend and low management fees2, is the best possible option to achieve the trust’s aims – long term capital growth and an attractive level of income.
The adoption of a systematic approach3 allows us to analyse our investment universe in an instant. Not only does this aim to deliver reliable portfolio outcomes, it is also cost-efficient. Management fees on the trust are 0.35%. The trust pays a dividend of 1.5% of NAV (Net Asset Value) per quarter, equivalent to approximately 6% of NAV annually. These payments are typically made quarterly in April, July, October & January, though dates and the amount paid are not guaranteed.
Please be aware that the costs and fees shown may not be exhaustive. Please refer to the prospectus for more information.
The trust focuses on value companies. These are companies trading at lower valuations4, using the Russell 1000 Value index5 as a benchmark. By focusing on these companies, the trust can have a role as a source of diversification away from the typically highly valued US mega-cap growth companies6. For example, the largest two sectors in the Russell 1000 Value index are financials and industrials, while technology is only 12% of the overall weight. In contrast, the S&P 500 has around 33% in technology7.
The systematic investing approach
Systematic investing harnesses the same digital tools that are transforming other industries, interrogating new and growing sources of data to find differentiated insights. We analyse company fundamentals and macroeconomic news aiming to unlock new ways of seeking consistent portfolio outcomes. In an evolving market landscape, our ability to analyse over 1,000 stocks in less than two seconds enables us to keep our finger on the pulse. It is not a black box. The process is designed, implemented and overseen by humans. The portfolio manager is the architect of the system, controlling the inputs and seeking to mitigate the risks.
Risk management cannot fully eliminate the risk of investment loss.
This data-driven strategy combines data, AI, and human expertise seeking to deliver emotion-proof, bias-free investment decisions. For example, BlackRock’s AI tools will scan 1,000s of broker reports, social media data, news stories and transaction information, far more than could be absorbed by the human mind. These provide more information on a company’s prospects than could be achieved by a single analyst poring over a company report.
How the systematic approach to investing could benefit BlackRock American Income Trust investors?
The advantage of a systematic approach is not only in the type and amount of data that can be analysed. Humans can be prone to unconscious biases: it can remove these weaknesses and ensure that any investment analysis is forward-looking and up to date. Overall, it allows us to build insights into individual companies that we use to take greater or lower exposure, with the aim of driving above benchmark performance over time.
BlackRock’s systematic equity team has been at the forefront of data-driven investing for more than 40 years, looking to transform research and data into actionable insights across a variety of strategies. It has been running since 1985, but expands and evolves as more data becomes available, including large language models8.
A powerful data-driven way to invest
A systematic approach gathers and analyses information at scale, delivering unique insights. The result for investors is consistent, seeking risk-mitigated exposure to value stocks at low cost. The trust seeks to provide diversified access to attractively valued companies beyond the usual headline-grabbing tech giants, while delivering an enhanced income. We believe it is a powerful and modern approach to investing in US equities.
Risk management cannot fully eliminate the risk of investment loss.
Start your investment journey
1 Source: Source: theaic.co.uk – BlackRock American Income seeks to become first ‘systematic’ trust, March 2025
2 The average fee of US Equity active fund in 2024 was 1.02%. Source: Morningstar 2024 US Fund Fee Study. The trust current fee is 0.35%.
3 Systematic approach: A systematic approach refers to a disciplined and structured method of investing, where decisions are guided by predefined rules, data analysis, and consistent processes rather than personal judgment or market timing. This approach helps ensure repeatability, transparency, and risk control, often using algorithms to select and manage investments over time.
4 Lower valuations: It refers to companies whose share price is judged to trade below their fair value based on standard valuation metrics (such as P/E, P/B, or EV/EBITDA) compared to peers.
5 Russell 100 Value index: The Russell 1000 Value Index measures the performance of large U.S. companies that are considered undervalued based on financial metrics like low price-to-book ratios and slower growth forecasts. It includes stocks from the broader Russell 1000 Index that show strong value characteristics and is commonly used as a benchmark for mutual funds focused on value investing.
6 US Mega-cap growth companies: Mega-cap growth companies are the largest publicly traded firms, typically with market capitalizations (market capitalization is the total value of a company’s outstanding shares) over $200 billion, that are expected to grow earnings and revenues at a faster-than-average rate. These companies are often leaders in sectors like technology or healthcare.
7 Source: FTSE Russell 1000 Value Index factsheet and Standard & Poors 500 Index factsheet as of 30th September 2025.
8 Large Language Models: Large language models are AI systems trained on massive volumes of text. They learn linguistic patterns and can generate, summarize or translate human-style writing.
Risk Warnings
Investors should refer to the prospectus or offering documentation for the funds full list of risks.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
Trust-specific risks
BlackRock American Income Trust plc
Capital Growth / Income Variation: Investors in the Fund should understand that capital growth is not a priority and values may fluctuate and the level of income may vary from time to time and is not guaranteed.
Currency Risk: The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment.
Derivatives Risk: Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.
Derivative Risk (Derivatives, Options, Covered calls): The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk.
Gearing Risk: Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall.
Investment Trust Disclaimers: Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.
