# BlackRock Credit Allocation Income Trust (BTZ): Mutual Fund Facts & Distributions

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- Issuer: BlackRock · Asset class: Fixed Income
- Strategy: Thematic · Inception: 2006-12-27

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor’s Corporation. It invests in investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives. The fund was formerly known as BlackRock Preferred...

## Key Facts

| Metric | Value |
|---|---|
| Price | $9.45 |
| Expense Ratio | 3.38% |
| Assets Under Management | $968.0M |
| NAV | $10.37 |
| Holdings Count | 1680 |
| Distribution Yield (TTM) | 10.65% |
| Annual Distribution (TTM) | $1.01 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $9.25 – $11.18 |
| Beta | 0.76 |

## Latest Distribution

- Amount: $0.0839 /share
- Ex-date: 2026-12-11
- Pay date: 2026-12-22

## Frequently Asked Questions

### What does BTZ invest in?

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor’s Corporation. It invests in investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives. The fund was formerly known as BlackRock Preferred & Equity Advantage Trust. BlackRock Credit Allocation Income Trust was formed on December 27, 2006 and is domiciled in the United States.

### What is the expense ratio of BTZ?

BlackRock Credit Allocation Income Trust (BTZ) charges an expense ratio of 3.38%. This is the annual fee deducted from fund assets to cover management and operations.

### What is BTZ's dividend yield?

BTZ's trailing-twelve-month yield is 10.65%, calculated from the sum of dividends over the past year divided by the current price.

### What is the duration of BTZ?

Effective duration measures BTZ's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BTZ's current duration is published on the fund's factsheet on the issuer's website.

### What is the credit quality of BTZ?

BTZ's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

### What is the yield to maturity of BTZ?

Yield to maturity (YTM) is the total return you'd earn from BTZ if every bond in the portfolio is held to maturity at the current price. BTZ's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

### Does BTZ pay a dividend?

Yes, BlackRock Credit Allocation Income Trust (BTZ) distributes dividends to shareholders. The trailing-twelve-month yield is 10.65%. Full dividend history is on this page.

### How often does BTZ pay dividends?

BlackRock Credit Allocation Income Trust pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is BTZ's next ex-dividend date?

The most recently announced ex-dividend date for BTZ was 2026-12-11. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will BTZ's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 3.38% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does BTZ charge its expense ratio?

The expense ratio is deducted in tiny daily slices from BTZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does BTZ cost more than a fund like VOO?

BTZ's strategy (current expense ratio 3.38%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BTZ sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to BTZ?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BTZ (3.38%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/btz
- Distribution history: https://www.dividenddata.com/funds/btz/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/btz/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/btz/expenses
- Peer comparison: https://www.dividenddata.com/funds/btz/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.