Blackrock Multi Sector Income Closed Fund
BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc. It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic. BlackRock Multi-Sector Income Trust was formed on February 25,… Read more
Blackrock Multi Sector Income Closed Fund (BIT) - Net Assets
Latest net assets as of April 2025: $603.69 Million USD
Based on the latest financial reports, Blackrock Multi Sector Income Closed Fund (BIT) has net assets worth $603.69 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($939.76 Million) and total liabilities ($336.08 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $603.69 Million |
| % of Total Assets | 64.24% |
| Annual Growth Rate | -2.08% |
| 5-Year Change | -12.82% |
| 10-Year Change | -20.45% |
| Growth Volatility | 7.79 |
Blackrock Multi Sector Income Closed Fund - Net Assets Trend (2013–2024)
This chart illustrates how Blackrock Multi Sector Income Closed Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blackrock Multi Sector Income Closed Fund (2013–2024)
The table below shows the annual net assets of Blackrock Multi Sector Income Closed Fund from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $577.86 Million | +10.95% |
| 2023-10-31 | $520.82 Million | -5.74% |
| 2022-10-31 | $552.55 Million | -18.31% |
| 2021-10-31 | $676.39 Million | +2.04% |
| 2020-10-31 | $662.85 Million | +2.19% |
| 2019-10-31 | $648.62 Million | -8.75% |
| 2018-10-31 | $710.83 Million | -7.19% |
| 2017-10-31 | $765.86 Million | +5.43% |
| 2016-10-31 | $726.38 Million | -0.01% |
| 2015-10-31 | $726.43 Million | -4.84% |
| 2014-10-31 | $763.40 Million | +4.88% |
| 2013-10-31 | $727.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blackrock Multi Sector Income Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7292.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $642.59 Million | 111.20% |
| Total Equity | $577.86 Million | 100.00% |
Blackrock Multi Sector Income Closed Fund Competitors by Market Cap
The table below lists competitors of Blackrock Multi Sector Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
THC Biomed Intl Ltd
PINK:THCBF
|
$116.34K |
|
O.R.T.
TA:ORTC
|
$116.42K |
|
SurgePays Inc. Warrant
NASDAQ:SURGW
|
$116.47K |
|
Hanna Capital Corp
F:04U1
|
$116.52K |
|
Brightstar Lottery PLC
NYSE:BRSL
|
$116.29K |
|
Southern BancShares (N.C.) Inc. PFD CV B
PINK:SBNCM
|
$116.24K |
|
Daesang Corp. Pfd. Series 1
KQ:001685
|
$116.19K |
|
Octo Fundo De Investimento Imobiliario
SA:OCRE11
|
$116.17K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blackrock Multi Sector Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 520,821,190 to 577,855,898, a change of 57,034,708 (11.0%).
- Net income of 47,191,285 contributed positively to equity growth.
- Dividend payments of 54,554,124 reduced retained earnings.
- New share issuances of 27,045,369 increased equity.
- Other factors increased equity by 37,352,178.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.19 Million | +8.17% |
| Dividends Paid | $54.55 Million | -9.44% |
| Share Issuances | $27.05 Million | +4.68% |
| Other Changes | $37.35 Million | +6.46% |
| Total Change | $- | 10.95% |
Book Value vs Market Value Analysis
This analysis compares Blackrock Multi Sector Income Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.67x to 0.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-10-31 | $18.95 | $12.60 | x |
| 2014-10-31 | $19.87 | $12.60 | x |
| 2015-10-31 | $18.91 | $12.60 | x |
| 2016-10-31 | $18.97 | $12.60 | x |
| 2017-10-31 | $20.10 | $12.60 | x |
| 2018-10-31 | $19.69 | $12.60 | x |
| 2019-10-31 | $13.54 | $12.60 | x |
| 2020-10-31 | $17.62 | $12.60 | x |
| 2021-10-31 | $17.92 | $12.60 | x |
| 2022-10-31 | $14.69 | $12.60 | x |
| 2023-10-31 | $13.75 | $12.60 | x |
| 2024-10-31 | $14.94 | $12.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blackrock Multi Sector Income Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 83.73%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.64x
- Recent ROE (8.17%) is above the historical average (5.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 3.71% | 57.92% | 0.04x | 1.77x | $-45.81 Million |
| 2014 | 11.69% | 114.11% | 0.05x | 1.96x | $12.92 Million |
| 2015 | 2.77% | 26.79% | 0.06x | 1.75x | $-52.54 Million |
| 2016 | 6.98% | 88.14% | 0.05x | 1.64x | $-21.94 Million |
| 2017 | 14.57% | 99.30% | 0.09x | 1.66x | $35.03 Million |
| 2018 | 1.27% | 91.24% | 0.01x | 1.61x | $-62.06 Million |
| 2019 | -0.74% | 0.00% | 0.00x | 1.61x | $-69.65 Million |
| 2020 | 10.55% | 98.90% | 0.07x | 1.60x | $3.67 Million |
| 2021 | 10.04% | 98.43% | 0.06x | 1.70x | $290.30K |
| 2022 | -12.51% | 0.00% | -0.07x | 1.68x | $-124.39 Million |
| 2023 | 4.37% | 97.50% | 0.03x | 1.68x | $-29.35 Million |
| 2024 | 8.17% | 83.73% | 0.06x | 1.64x | $-10.59 Million |
Industry Comparison
This section compares Blackrock Multi Sector Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blackrock Multi Sector Income Closed Fund (BIT) | $603.69 Million | 3.71% | 0.56x | $116.31K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |