Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.35% 0.00% 1.346B 436924.2
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
7.59% 62.00% -28.02M Upgrade

Basic Info

Investment Strategy
The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a diversified portfolio of fixed income securities which are rated below investment grade by the established rating services or, if unrated, are considered by advisor or sub-advisor, to be of comparable quality.
General
Security Type Closed-End Fund
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg US Corp HY 2% Isr Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Mitchell Garfin 14.85 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 18, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
8.99%
-7.84%
31.19%
11.49%
16.65%
-22.57%
19.85%
3.28%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.23%
8.64%
-11.45%
38.74%
4.50%
15.79%
-22.95%
3.74%
7.05%
7.35%
-3.34%
13.16%
6.65%
5.60%
-10.58%
12.80%
-0.06%
--
-2.41%
14.24%
6.18%
5.01%
-11.19%
12.71%
-0.02%
5.11%
0.02%
9.93%
3.16%
4.60%
-4.72%
10.38%
0.52%
As of April 18, 2024.

Asset Allocation

As of January 31, 2024.
Type % Net % Long % Short
Cash -3.87% Upgrade Upgrade
Stock 0.73% Upgrade Upgrade
Bond 99.98% Upgrade Upgrade
Convertible 0.95% Upgrade Upgrade
Preferred 1.40% Upgrade Upgrade
Other 0.81% Upgrade Upgrade

Basic Info

Investment Strategy
The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a diversified portfolio of fixed income securities which are rated below investment grade by the established rating services or, if unrated, are considered by advisor or sub-advisor, to be of comparable quality.
General
Security Type Closed-End Fund
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg US Corp HY 2% Isr Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Mitchell Garfin 14.85 yrs

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