BTZ: A Decent Multi-Sector Bond Fund, But Lack Of Floaters A Risk [Seeking Alpha]
BlackRock Credit Allocation Income Trust (BTZ)
US:NYSE Investor Relations:
blackrock.com/investing/products/240168/blackrock-credit-allocation-income-trust-usd-fund
Company Research
Source: Seeking Alpha
The BTZ closed-end fund claims to invest in a combination of floating-rate and fixed-rate debt, but the portfolio is almost entirely in fixed-rate assets with floating-rate securities an afterthought. The BTZ fund substantially underperformed competing funds that are more flexible in the balance between floaters and fixed-rate bonds over the past three years. The fund did manage to fully cover its distributions for the FY2023 period, but it had to rely on net unrealized gains to accomplish that goal. The fund's shares have substantially outperformed its portfolio recently, but the shares still trade at a discount. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The BlackRock Credit Allocation Income Trust NYSE: BTZ ) is a debt-focused closed-end fund, or CEF, that income-seeking investors can employ as a method of pursuing their goals. The fund does fairly well in this re
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BTZ
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- BTZ's page on the SEC website