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Fixed Income

BTZ

BlackRock Credit Allocation Income Trust

Overview

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Performance

Performance

  • Returns

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.

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 Oct 18, 2019 $1,539,993,886
Managed Assets -
Share Class launch date Dec 27, 2006
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Corporate Bond
Lipper Classification Corp Debt BBB Leveraged
CUSIP 092508100
Management Fee 0.88%
Gross Expense Ratio 1.82%
Shares Outstanding as of Oct 18, 2019 103,865,554
Number of Holdings as of Sep 30, 2019 889

Portfolio Characteristics

Portfolio Characteristics

Ratings

Ratings

Morningstar Rating

4
Overall Morningstar Rating for BlackRock Credit Allocation Income Trust, -, as of Sep 30, 2019 rated against 8 Corporate Bond Funds.

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
VERIZON COMMUNICATIONS INC 2.59
BANK OF AMERICA CORP 2.16
WELLS FARGO & COMPANY 2.05
AVIATION CAPITAL GROUP LLC 1.95
JPMORGAN CHASE & CO 1.67
Name Weight (%)
INTERNATIONAL PAPER CO 1.29
ROYAL BANK OF SCOTLAND GROUP PLC 1.22
MORGAN STANLEY 1.20
ENERGY TRANSFER OPERATING LP 1.18
KINDER MORGAN ENERGY PARTNERS LP 1.12

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value Based on Managed Assets

Type Fund
as of Sep 30, 2019

% of Market Value Based on Managed Assets

Type Fund
as of Sep 30, 2019

% of Market Value Based on Managed Assets

Type Fund
as of Sep 30, 2019

% of Market Value Based on Managed Assets

Type Fund
as of Sep 30, 2019

% of Market Value Based on Managed Assets

Type Fund
as of Sep 30, 2019

% of Market Value Based on Managed Assets

Type Fund
as of Sep 30, 2019

% of Market Value Based on Managed Assets

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. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Jeff Cucunato
Head of Multi-Strategy Credit

     

Stephan Bassas
Managing Director

Stephan Bassas, Managing Director, is Head of Americas Liability Driven Investing and a member of Americas Fixed Income within Alpha Strategies. In addition to his responsibilities leading the North America LDI effort, he is also an active participant in the Investment Grade Credit Group as a senior portfolio manager.

Mr. Bassas' service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Bassas was the lead PM on European corporate bond portfolios. Prior to joining MLIM in 2000, Mr. Bassas worked as a portfolio manager and asset swap proprietary trader for Paribas Asset Management and Paribas Capital Markets in Luxembourg and London.

Mr. Bassas earned an MBA degree from the University of Lyon, France in 1993 and attended the Investment Management Program at the London Business School in 2000.

Mitchell S. Garfin, CFA
Co-Head of U.S. High Yield in Global Credit team

  

Portfolio Manager

Literature

Literature