Fixed Income

BIT

Multi-Sector 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 Incept.
5.63 4.79 8.35 - 8.12
Market Price Total Return (%) 1.33 3.31 9.92 - 5.94
  YTD 1m 1y 3y 5y 10y Incept.
8.86 -0.36 5.63 15.08 49.33 - 80.81
Market Price Total Return (%) 4.49 -0.92 1.33 10.26 60.48 - 54.91
  2015 2016 2017 2018 2019
NAV Total Return (%) 3.56 12.67 17.15 -2.17 5.93
Market Price Total Return (%) 3.15 16.93 19.79 -8.02 14.41

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 Nov 20, 2020 $679,978,542
Size of Fund (Millions) as of Nov 20, 2020 $680.0 M
Share Class launch date Feb 25, 2013
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Multisector Bond
Lipper Classification General Bond Funds
CUSIP 09258A107
Management Fee 0.80%
Gross Expense Ratio 2.89%
Shares Outstanding as of Nov 20, 2020 37,537,596
Number of Holdings as of Oct 30, 2020 1,475
Managed Assets -
Premium Discount as of Nov 20, 2020 -9.39%

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate as of Nov 20, 2020 9.05%
Yield to Worst as of Oct 30, 2020 5.85%
Effective Duration as of Oct 30, 2020 -0.35 yrs
WAL to Worst as of Oct 30, 2020 11.17 yrs
Leverage as of Oct 30, 2020 $ 354,128,481.00
% Leveraged as of Oct 30, 2020 34.76%
% Insured as of Oct 30, 2020 0.00%
% Overwritten with Swaptions as of Oct 30, 2020 20.48

Ratings

Holdings

Holdings

as of Oct 30, 2020
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 7.38
FHLT_06-A-2A3 1.56
BANK OF AMERICA CORP 1.32
GOLDMAN SACHS GROUP INC/THE 1.12
FIRSTAR REALTY LLC 1.09
Name Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION 0.97
MORGAN STANLEY 0.96
FHLT_06-D-2A3 0.96
WELLS FARGO & COMPANY 0.96
JPMORGAN CHASE & CO 0.87

Exposure Breakdowns

Exposure Breakdowns

as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% of Market Value

Type Fund
as of Oct 30, 2020

% 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

Scott MacLellan, CFA
Portfolio Manager, BlackRock Global Fixed Income Group

  

Akiva Dickstein
Managing Director, Head of Customized Multi-Sector Portfolios

    

Samir Lakhani
Samir Lakhani
Portfolio Manager

Literature

Literature