Fixed Income

BTZ

BlackRock Credit Allocation Income Trust

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
10.49 -0.86 3.87 4.61
Market Price Total Return (%) 14.58 -1.91 5.08 5.19
  YTD 1m 3m 1y 3y 5y 10y
1.11 1.59 - 10.49 -2.55 20.90 57.00
Market Price Total Return (%) 6.02 0.60 - 14.58 -5.63 28.14 65.83
  2019 2020 2021 2022 2023
NAV Total Return (%) 21.90 12.78 2.80 -19.55 14.34
Market Price Total Return (%) 33.49 13.07 9.36 -27.10 12.70

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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.

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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets as of May 17, 2024 $1,052,754,895
Managed Assets as of May 17, 2024 $1,650,716,015.80
Share Class launch date Dec 27, 2006
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Shares Outstanding as of May 17, 2024 93,324,457
Distribution Frequency Monthly
Morningstar Category Multisector Bond
Lipper Classification Corp Debt BBB Leveraged
Premium Discount as of May 17, 2024 -7.54%
CUSIP 092508100
Number of Holdings as of Mar 28, 2024 1,725

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate as of May 17, 2024 9.65%
Yield to Maturity as of Mar 28, 2024 7.66%
Average Coupon as of Mar 28, 2024 6.91%
Yield to Worst as of Mar 28, 2024 7.32%
Effective Duration as of Mar 28, 2024 5.88 yrs
WAL to Worst as of Mar 28, 2024 15.15 yrs
WAL to Maturity as of Mar 28, 2024 22.57 yrs
Leverage as of Mar 28, 2024 $ 617,643,050.00
% Leveraged as of Mar 28, 2024 36.56%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of - -
MSCI - UN Global Compact Violators as of - -
MSCI - Nuclear Weapons as of - -
MSCI - Thermal Coal as of - -
MSCI - Civilian Firearms as of - -
MSCI - Oil Sands as of - -
MSCI - Tobacco as of - -

Business Involvement Coverage as of - -
Percentage of Fund not covered as of - -
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the investment research, portfolio construction, and investment monitoring phases of the investment process. The Fund manager maintains internal ESG scorecards for certain issuers under consideration for investment and certain existing issuers of publicly traded securities. These scorecards analyze and track internal and external research views across a range of environmental, social, and governance factors sourced from primary and third-party ESG information and research. Portfolio management teams may consider the sector and issuer ESG views and scores during portfolio construction. The Fund manager also considers ESG criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, where appropriate.

Fees

Fees

on net assets
Gross Expense Ratio 3.98%
Management Fee 0.97%
Interest Expense 2.94%
Other Expenses 0.07%
Acquired Fund Fees and Expenses 0.00%
on managed assets
Acquired Fund Fees and Expenses 0.00%
Interest Expenses 1.88%
Management Fee 0.62%
Other Expenses 0.04%
Gross Expense 2.54%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. (Effective Apr 10, 2017)

Holdings

Holdings

as of Mar 28, 2024
Name Weight (%)
UNIFORM MBS 7.67
POWERSHARES SENIOR LOAN PORTFOLIO 3.17
VERIZON COMMUNICATIONS INC 1.87
DEERFIELD DAKOTA HOLDING LLC 1.17
ALTRIA GROUP INC 1.10
Name Weight (%)
DUN & BRADSTREET CORPORATION (THE) 1.04
ENBRIDGE INC 0.99
NAKED JUICE LLC 0.99
INTERNATIONAL PAPER CO 0.98
REALPAGE INC 0.98
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Mar 28, 2024

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