Key information

🔎 Fund Overview

BlackRock Credit Allocation Income Trust (the Trust) is a closed-end management investment company. The Trust's investment objective is to provide current income, current gains and capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in credit-related securities, including, but not limited to, investment grade corporate bonds, high yield bonds (commonly referred to as junk bonds), bank loans, preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust has investments in industries, such as real estate investment trusts, auto components, banks, aerospace and defense, airlines, biotechnology, communications equipment and electric utilities. The manager of the Trust is BlackRock Advisors, LLC.