BlackRock Credit Allocation Income Trust Overview
Pro stress-test →BTZ is a closed-end investment trust with an investment objective to provide current income, current gains and capital appreciation. The trust invests at least 80% of its assets in credit-related securities including investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds. The fund appeals to income-focused investors seeking diversified credit exposure.
Strategic Profile
Pro stress-test →BTZ invests in securities with an average credit quality of BBB by Standard & Poor's. As of April 22, 2026, the fund offers a 9.71% distribution rate and trades at a -6.66% discount to NAV. The fund maintains a 34% leverage ratio and invests in U.S. investment grade and high-yield bonds.
Competitive Landscape
Pro stress-test →BTZ is a closed-end balanced mutual fund launched by BlackRock, Inc., co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund competes with other multi-sector bond CEFs and income-focused fixed income strategies. The fund underperforms peer multi-sector bond funds in both yield and five-year total return metrics.
Industry Context
BlackRock Credit Allocation Income Trust operates in Closed-End Mutual Funds / Asset Management.
Key facts
Founded: 2006 · Headquarters: New York, US · Revenue: $101.46M · Market cap: $962M