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.
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Funds holding %
of 7,327 funds
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Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 22
4% more capital invested
Capital invested by funds: $101M [Q4 2024] → $105M (+$3.87M) [Q1 2025]
0.91% more ownership
Funds ownership: 18.1% [Q4 2024] → 19.01% (+0.91%) [Q1 2025]
8% less funds holding
Funds holding: 85 [Q4 2024] → 78 (-7) [Q1 2025]
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Research analyst outlook
We haven’t received any recent analyst ratings for BIT.
Financial journalist opinion
Positive
Seeking Alpha
5 days ago
BIT: Revisiting This Former Holding
BlackRock Multi-Sector Income Trust is now heavily overweight U.S. high yield, with over 75% sub-investment grade exposure and short duration. The fund delivered middle-of-the-pack performance versus peers over the past year, with leverage and asset mix helping to normalize returns. BIT currently trades near net asset value, with a typical premium/discount range of -6% to +6%, indicating fair valuation in the current market.
Neutral
24/7 Wall Street
2 weeks ago
Passive Income of $5,600 Annually Can Be Had From These 5 High-Yield Closed-End Funds
US mutual funds trace their origin to 1924's Massachusetts Investors Trust, which was the first formalized US mutual fund entity.
Negative
Seeking Alpha
2 months ago
BIT: Better Than A Bond Index Fund, But Still Expensive
Rising yields and inflation risks make U.S. dollar-denominated bonds unattractive, challenging the traditional safe-haven status of bond funds. BlackRock Multi-Sector Income Trust offers a high yield and outperforms indices on total return, but lags closed-end peers and has high U.S. dollar exposure. Recent market shocks and downgrades highlight heightened risks for bondholders, with leverage amplifying downside in volatile environments.
Positive
Seeking Alpha
3 months 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
4 months 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
4 months 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
7 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
9 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
1 year 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
1 year 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.
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