Multi Asset

BCAT

BlackRock Capital Allocation Term Trust TERM

  • NAV as of Mar 28, 2025 $15.51
    52 WK: 15.51 - 17.93
  • NAV Total Return as of: Feb 28, 2025 YTD: 2.75%
  • Distribution Rate as of Mar 28, 2025 24.02%
  • Market Price as of Mar 28, 2025 $14.35
  • Market Price Total Return as of: Feb 28, 2025 YTD: 5.13%
  • Premium Discount as of Mar 28, 2025 -7.48%

BCAT Announces Adoption of Discount Management Program

BCAT Announces Increased Distribution Rate

Overview

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Performance

Performance

Distributions

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The chart has 1 Y axis displaying Total Distribution. Range: 0 to 0.35.
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Past distributions are not indicative of future distributions.


If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. Although the character of income will not be determined until the end of the fund’s fiscal year, please refer to the 'Closed-End Fund Resources' section of the BlackRock website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be not be relied upon for tax reporting purposes. A Form 1099-DIV for the calendar year will be sent to shareholders to illustrate how the Fund’s distributions should be reported for federal income tax purposes.

  1y 3y 5y 10y Incept.
Total Return (%) 11.99 3.48 - - 5.09
Market Price (%) 19.08 3.15 - - 3.11
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 11.99 -1.63 - 11.99 10.82 - - 23.54
Market Price (%) 19.08 -5.40 - 19.08 9.75 - - 13.92
  2020 2021 2022 2023 2024
Total Return (%) - 5.39 -12.46 13.04 11.99
Market Price (%) - -5.12 -22.66 19.16 19.08

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets
as of Mar 28, 2025
$1,625,043,940
Size of Fund (Millions)
as of Mar 28, 2025
$1,625.0 M
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Mar 28, 2025
104,775,271
Morningstar Category
Tactical Allocation
Premium Discount
as of Mar 28, 2025
-7.48%
Number of Holdings
as of Feb 28, 2025
1,704
Managed Assets
as of Mar 28, 2025
$1,625,043,939.73
Share Class launch date
Sep 25, 2020
Asset Class
Multi Asset
Distribution Frequency
Monthly
Lipper Classification
Global Funds
CUSIP
09260U109

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
24.02%
Yield to Worst
as of Feb 28, 2025
3.09%
Leverage
as of Feb 28, 2025
$ 0.00
Type of Options
Single Stock, Index
Average Market Cap (Millions)
as of -
-
Effective Duration
as of Feb 28, 2025
2.54 yrs
% Leveraged
as of Feb 28, 2025
0.00%
% Overwritten
as of Dec 31, 2024
9.57

Fees

Fees

on net assets
Gross Expense Ratio 1.47%
Management Fee 1.25%
Interest Expense 0.08%
Other Expenses 0.13%
Acquired Fund Fees and Expenses 0.01%
on managed assets
Acquired Fund Fees and Expenses 0.01%
Interest Expenses 0.08%
Management Fee 1.25%
Other Expenses 0.13%
Gross Expense 1.47%

Fees data reflected above is current as of the latest annual shareholder report.

Holdings

Holdings

as of Feb 28, 2025
Name Weight (%)
MICROSOFT CORP 2.63
AMAZON COM INC 2.54
ALPHABET INC CLASS C 1.86
MASTERCARD INC CLASS A 1.64
NVIDIA CORP 1.55
Name Weight (%)
MARSH & MCLENNAN INC 1.23
META PLATFORMS INC CLASS A 1.15
WALMART INC 1.15
COSTCO WHOLESALE CORP 1.07
APPLE INC 1.06
as of Feb 28, 2025
Name Weight (%)
UMBS 30YR TBA(REG A) 9.97
GALAXY BRANDS (REFI) TL Prvt 0.75
HR OTTAWA LP 144A 11 03/31/2031 0.63
SONDER SECURED NOTES Prvt 13.71339 12/10/2027 0.60
DREAM FINDERS HOMES INC Prvt 0.58
Name Weight (%)
LANDSEA HOMES CORP 4A2 SEN NOTES Prvt 11 07/17/2028 0.58
FREED CORP 4A2 144A 12.5 11/30/2028 0.58
WESTBAY 4A2 NOTES Prvt 11 02/06/2030 0.55
PROJECT SASE - SERIES E CONV PREF Prvt 0.53
DAVIDSON HOMES PREF EQUITY Prvt 0.43
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2025

% of Net Assets

Allocations subject to change.
as of Feb 28, 2025

% of Net Assets

as of Feb 28, 2025

% of Net Assets

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as of Feb 28, 2025

% of Net Assets

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as of Feb 28, 2025

% of Net Assets

as of Feb 28, 2025

% of Net Assets

as of Feb 28, 2025

% of Net Assets

The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of Feb 28, 2025

% of Net Assets

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.


% of Net Assets represents the Fund’s exposure based on the economic value of securities and is adjusted for futures, options, and swaps (except with respect to fixed income securities), and convertible bonds.

Portfolio Managers

Portfolio Managers

Rick Rieder
Rick Rieder
Chief Investment Officer of Global Fixed Income

        

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Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

 

Responsible for managing roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013.

 

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Randy Berkowitz
Randy Berkowitz
Russ Koesterich, CFA, JD
Russ Koesterich, CFA, JD

  

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Russ Koesterich, CFA, JD, Managing Director and portfolio manager, is a member of the Global Allocation team and the lead portfolio manager of the GA Selects Model Portfolios.

 

Mr. Koesterich's service with BlackRock dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. He joined the BlackRock Global Allocation team in 2016 as Head of Asset Allocation and was named a portfolio manager of the fund in 2017. Previously, he was BlackRock's Global Chief Investment Strategist and Chairman of the Investment Committee for the Model Portfolio Solutions business, and formerly served as the Global Head of Investment Strategy for scientific active equities and as senior portfolio manager in the US Market Neutral Group. Prior to joining BGI, Mr. Koesterich was the Chief North American Strategist at State Street Bank and Trust. He began his investment career at Instinet Research Partners where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research, and Equity Analyst. He is a frequent contributor to financials news media.

 

Mr. Koesterich earned a BA in history from Brandeis University, a JD from Boston College and an MBA from Columbia University. He is a CFA® Charterholder.

Sarah Thompson
Sarah Thompson
Portfolio Manager

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USR-9694