BlackRock Multi-Sector Income TrustBIT
BIT
About: BlackRock Multi-Sector Income Trust is a closed-end investment management company. It invests on behalf of its clients. The fund's primary investment objective is to provide a high level of current income, with a secondary objective of capital appreciation. The company seeks to achieve its investment objectives by investing, under normal market conditions, a majority of its assets in loan and debt instruments and other investments with similar economic characteristics. Its portfolio consists of Corporate Bonds, Asset-Backed Securities, Preferred Securities, and others.
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 12
6% more funds holding
Funds holding: 79 [Q3] → 84 (+5) [Q4]
1.19% more ownership
Funds ownership: 16.85% [Q3] → 18.04% (+1.19%) [Q4]
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
3% more capital invested
Capital invested by funds: $97.2M [Q3] → $101M (+$3.35M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for BIT.
Financial journalist opinion
Positive
Seeking Alpha
2 days ago
Profit From Wider Credit Spreads With These High-Yield Bond Funds
The ongoing trade war has led to a massive increase in uncertainty and bearish sentiment. Credit spreads have widened as a result, going from their lowest levels in history, to solidly above-average. Investing in high-yield corporate bond funds seems like an easy way to profit from these changes.
Neutral
Seeking Alpha
1 month ago
BIT: Questionable Double-Digit Dividend Yield
BlackRock Multi-Sector Income Trust (BIT) offers a 10.1% dividend yield but struggles with income generation, raising concerns about distribution sustainability and NAV growth. The fund's strategy involves leveraging income-oriented assets like high-yield bonds and securitized products, but high interest rates pose risks to its performance. BIT trades at a slight premium to NAV, yet its inability to fully cover distributions from net investment income questions the premium's justification.
Neutral
Seeking Alpha
1 month ago
BIT: Hard To Justify The Premium For This Fund
BlackRock Multi-Sector Income Trust offers a high yield of 10.13%, but its real after-tax yield is much more disappointing. The fund owns a lot of mortgages, which have been suffering from delinquency problems. BIT's leverage ratio of 36.25% is higher than its peers, which increases both potential returns and risks.
Positive
Seeking Alpha
4 months ago
BIT: This Fund Has A Historically Attractive Price, But It Could Get Cheaper
The BlackRock Multi-Sector Income Trust offers a 10.36% distribution yield, appealing for income-focused investors but lower than its peers. The fund's leverage increases both yield and risk, with a current leverage ratio of 38.32%, higher than its peers. The fund's diversified strategy allows flexibility in asset allocation, avoiding overvalued sectors and focusing on those with better valuations.
Neutral
Seeking Alpha
6 months ago
BIT: Good In Theory, But This Bond CEF Disappoints In Practice
The BlackRock Multi-Sector Income Trust offers a 9.80% yield but faces sustainability concerns due to recent distribution coverage issues. The fund's flexibility to invest in foreign bonds and currencies provides some inflation protection, but its current U.S.-centric portfolio limits this advantage. The fund is more diversified across sectors than some of BlackRock's other debt fund offerings, but it is not as good for investors looking for foreign exposure.
Neutral
Seeking Alpha
9 months ago
BIT: Premium Normalization For This CEF, 10% Distribution (Rating Upgrade)
The BlackRock Multi-Sector Income Trust has seen a negative performance since our prior 'Sell' rating, with -6.9% price loss in the process. BIT has a multi-asset approach with a bar-belled portfolio, being long a pocket of BB and B names versus a sleeve of AAA-rated assets. The CEF has seen its premium to NAV normalize, a factor which has contributed to a better valuation framework.
Negative
Seeking Alpha
9 months ago
BIT: Might Be Time To Sell (Rating Downgrade)
The BlackRock Multi-Sector Income Trust generates high income from a multi-sector portfolio of fixed income securities. Investors who like the BIT fund appear to be too complacent, bidding credit spreads to cycle lows despite elevated defaults. With the economy slowing in 2024, I expect credit spreads to eventually catch up with defaults and negatively impact credit funds like the BIT.
Neutral
Business Wire
10 months ago
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Funds previously declared their June distributions on May 20, 2024 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) previous.
Positive
24/7 Wall Street
1 year ago
Want $2000 In Passive Income? Invest $1000 Into These Dividend Stocks
Naturally, one should monitor their portfolio on a regular basis in case there are any news events or market circumstances that can affect a stock price or its dividend adversely.
Negative
Seeking Alpha
1 year ago
A Sell Signal For CEF BIT: Its Historic High Premium (Downgrade)
BlackRock Multi-Sector Income Trust outperformed its peers during the recent monetary tightening regime by immunizing the fund from duration via interest rate swaps. The composition of BIT's portfolio follows a bar-belled approach, with high-yield exposure balanced by AAA assets. However, this methodology has encountered trouble in the current inflationary environment. BIT is currently trading at a generational high premium to NAV. Additionally, the fund is a chronic over-distributor, with a high percentage of its distribution coming from the return of capital.
Charts implemented using Lightweight Charts™