BlackRock Multi-Sector Income Trust (BIT)

• Market cap: $571M
• 1 day: -0.34%
• 5 days: 0.61%
• 1 month: -0.27%
• 3 months: -2.12%
• 6 months: -0.34%
• Year to date: -1.86%
• 1 year: -3.78%
• 5 years: -12.03%
• 10 years: -11.40%

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.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

55% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 20

0% more funds holding

Funds holding: 79 [Q2] → 79 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

2.46% less ownership

Funds ownership: 19.32% [Q2] → 16.86% (-2.46%) [Q3]

9% less capital invested

Capital invested by funds: $107M [Q2] → $97.3M (-$9.89M) [Q3]