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BlackRock Multi-Sector Income Trust

CIK: 0001562818 BIT Fixed Income
Report date: 2026-02-24
AUM $794M
Expense Ratio
Category Fixed Income
State DE
Fiscal Year End
Inception Date
Manager
Latest Filing 2026-02-24

About this Fund

The BlackRock Multi-Sector Income Trust is a leading mutual fund company that specializes in providing a wide range of investment solutions to meet the diverse needs of its clients, leveraging its expertise in asset management to deliver consistent returns across various market conditions. As a trusted name in the industry, the company offers a broad spectrum of mutual funds, including equity, debt, and hybrid funds, each carefully designed to cater to the unique investment objectives and risk tolerance of its investors. Whether it's through systematic investment plans (SIPs) or lump sum investments, the BlackRock Multi-Sector Income Trust empowers its clients to build a robust portfolio that aligns with their long-term wealth management goals. With a strong focus on delivering exceptional investment experiences, the company's portfolio management team employs a rigorous research-driven approach to identify top-performing assets and construct diversified portfolios that minimize risk while maximizing returns. The BlackRock Multi-Sector Income Trust's equity funds, for instance, invest in a carefully curated selection of stocks across various sectors and geographies, aiming to capitalize on growth opportunities while maintaining a disciplined risk management framework. On the other hand, its debt funds offer a stable source of income, investing in a range of fixed-income securities, such as government bonds, corporate bonds, and money market instruments, to provide investors with a regular stream of income and relatively lower volatility. The company's hybrid funds, which combine the benefits of both equity and debt investments, are designed to provide a balanced investment approach, suitable for investors seeking to manage risk while still aiming for long-term capital appreciation. By offering a comprehensive suite of investment products and services, the BlackRock Multi-Sector Income Trust has established itself as a one-stop destination for investors seeking to achieve their financial goals, whether it's wealth accumulation, income generation, or capital preservation. The company's key strengths, including its experienced investment team, robust risk management processes, and commitment to transparency and accountability, have earned the trust of investors, who appreciate the value of partnering with a reputable and reliable asset manager. As a result, the BlackRock Multi-Sector Income Trust has become a preferred choice for investors seeking to navigate the complexities of the financial markets and achieve their investment objectives with confidence.

Holdings

From latest SEC N-PORT filing · US-listed stocks only

147 positions
# Security Name CUSIP Asset Type Weight % Value ($M) Quantity
1 T AT&T INC Since 2026-05-10 00206RBK7 Debt
0.28%
$2.19 2,656,000
2 ABBV ABBVIE INC Since 2026-05-10 00287YDV8 Debt
0.19%
$1.48 1,500,000
3 AAP ADVANCE AUTO PARTS Since 2026-05-10 00751YAK2 Debt
0.03%
$0.23 229,000
4 ACM AECOM Since 2026-05-10 00766TAE0 Debt
0.12%
$0.98 954,000
5 ATI ATI INC Since 2026-05-10 01741RAH5 Debt
0.02%
$0.16 157,000
6 ATI ATI INC Since 2026-05-10 01741RAL6 Debt
0.02%
$0.13 129,000
7 ATI ATI INC Since 2026-05-10 01741RAM4 Debt
0.04%
$0.35 350,000
8 ATI ATI INC Since 2026-05-10 01741RAN2 Debt
0.06%
$0.47 444,000
9 ALLY ALLY FINANCIAL INC Since 2026-05-10 02005NBM1 Debt
0.37%
$2.97 3,000,000
10 GOOG ALPHABET INC Since 2026-05-10 02079KAZ0 Debt
0.20%
$1.56 1,570,000
11 MO ALTRIA GROUP INC Since 2026-05-10 02209SBM4 Debt
0.07%
$0.58 750,000
12 AMZN AMAZON.COM INC Since 2026-05-10 023135CJ3 Debt
0.29%
$2.33 2,980,000
13 AMGN AMGEN INC Since 2026-05-10 031162BE9 Debt
0.03%
$0.24 250,000
14 AMKR AMKOR TECHNOLOGY INC Since 2026-05-10 031652BL3 Debt
0.01%
$0.11 104,000
15 AMRX Amneal Pharmaceuticals LLC Since 2026-05-10 03167DAR5 LON
0.06%
$0.51 507,728
16 AAPL APPLE INC Since 2026-05-10 037833EF3 Debt
0.19%
$1.54 2,500,000
17 ACA ARCOSA INC Since 2026-05-10 039653AA8 Debt
0.06%
$0.47 477,000
18 ACA ARCOSA INC Since 2026-05-10 039653AC4 Debt
0.01%
$0.04 40,000
19 ABG ASBURY AUTOMOTIVE GROUP Since 2026-05-10 043436AU8 Debt
0.00%
$0.02 22,000
20 ABG ASBURY AUTOMOTIVE GROUP Since 2026-05-10 043436AX2 Debt
0.00%
$0.04 40,000
21 AXON AXON ENTERPRISE INC Since 2026-05-10 05464CAD3 Debt
0.02%
$0.15 142,000
22 BGS B&G FOODS INC Since 2026-05-10 05508WAC9 Debt
0.01%
$0.12 118,000
23 BMO BANK OF MONTREAL Since 2026-05-10 06368LQ58 Debt
0.40%
$3.19 3,000,000
24 BZH BEAZER HOMES USA Since 2026-05-10 07556QBR5 Debt
0.01%
$0.07 74,000
25 AVGO BROADCOM INC Since 2026-05-10 11135FBT7 Debt
0.12%
$0.98 1,000,000
26 AVGO BROADCOM INC Since 2026-05-10 11135FCV1 Debt
0.08%
$0.65 800,000
27 BLDR BUILDERS FIRSTSOURCE INC Since 2026-05-10 12008RAS6 Debt
0.01%
$0.08 77,000
28 BLDR BUILDERS FIRSTSOURCE INC Since 2026-05-10 12008RAT4 Debt
0.03%
$0.24 234,000
29 CABO CABLE ONE INC Since 2026-05-10 12685JAE5 Debt
0.01%
$0.11 114,000
30 CABO CABLE ONE INC Since 2026-05-10 12685JAG0 Debt
0.12%
$0.93 1,148,000
31 CACI CACI INTERNATIONAL INC Since 2026-05-10 127190AE6 Debt
0.06%
$0.48 464,000
32 CVNA CARVANA CO Since 2026-05-10 146869AM4 Debt
0.37%
$2.90 2,574,604
33 CVNA CARVANA CO Since 2026-05-10 146869AN2 Debt
0.12%
$0.97 927,270
34 CCS CENTURY COMMUNITIES Since 2026-05-10 156504AN2 Debt
0.05%
$0.42 411,000
35 GTLS CHART INDUSTRIES INC Since 2026-05-10 16115QAF7 Debt
0.08%
$0.61 587,000
36 GTLS CHART INDUSTRIES INC Since 2026-05-10 16115QAG5 Debt
0.01%
$0.11 102,000
37 C CITIGROUP INC Since 2026-05-10 172967PJ4 Debt
0.33%
$2.60 2,500,000
38 CLH CLEAN HARBORS INC Since 2026-05-10 184496AQ0 Debt
0.01%
$0.06 53,000
39 CLF CLEVELAND-CLIFFS INC Since 2026-05-10 185899AQ4 Debt
0.07%
$0.58 563,000
40 CRK COMSTOCK RESOURCES INC Since 2026-05-10 205768AS3 Debt
0.06%
$0.44 436,000
41 CRK COMSTOCK RESOURCES INC Since 2026-05-10 205768AT1 Debt
0.10%
$0.82 844,000
42 CRK COMSTOCK RESOURCES INC Since 2026-05-10 205768AU8 Debt
0.02%
$0.18 180,000
43 CSTM CONSTELLIUM SE Since 2026-05-10 21039CAA2 Debt
0.03%
$0.25 250,000
44 CSTM CONSTELLIUM SE Since 2026-05-10 21039CAB0 Debt
0.18%
$1.44 1,492,000
45 CSTM CONSTELLIUM SE Since 2026-05-10 21039CAD6 Debt
0.05%
$0.44 422,000
46 DAR DARLING INGREDIENTS INC Since 2026-05-10 237266AJ0 Debt
0.01%
$0.09 84,000
47 DVA DAVITA INC Since 2026-05-10 23918KAW8 Debt
0.01%
$0.09 86,000
48 DVA DAVITA INC Since 2026-05-10 23918KAY4 Debt
0.01%
$0.05 49,000
49 CM Canadian Imperial Bank of Commerce Since 2026-05-10 DFE
0.00%
1
50 DFH DREAM FINDERS HOMES INC Since 2026-05-10 26154DAA8 Debt
0.02%
$0.15 151,000
51 EA ELECTRONIC ARTS INC Since 2026-05-10 285512AF6 Debt
0.03%
$0.22 236,000
52 ESI ELEMENT SOLUTIONS INC Since 2026-05-10 28618MAA4 Debt
0.25%
$2.02 2,068,000
53 ENB ENBRIDGE INC Since 2026-05-10 29250NAW5 Debt
0.24%
$1.89 1,865,000
54 ENB ENBRIDGE INC Since 2026-05-10 29250NBC8 Debt
0.38%
$3.03 3,000,000
55 EFXT ENERFLEX INC Since 2026-05-10 29281WAA6 Debt
0.02%
$0.16 158,000
56 NPO ENPRO INC Since 2026-05-10 29355XAH0 Debt
0.03%
$0.23 219,000
57 ERO ERO COPPER CORP Since 2026-05-10 296006AA7 Debt
0.01%
$0.11 110,000
58 FE FIRSTENERGY CORP Since 2026-05-10 337932AM9 Debt
0.30%
$2.35 3,410,000
59 FTRE FORTREA HOLDINGS INC Since 2026-05-10 34965KAA5 Debt
0.01%
$0.10 98,000
60 GFL GFL ENVIRONMENTAL INC Since 2026-05-10 36168QAL8 Debt
0.07%
$0.56 567,000
61 GFL GFL ENVIRONMENTAL INC Since 2026-05-10 36168QAP9 Debt
0.06%
$0.51 519,000
62 GFL GFL ENVIRONMENTAL INC Since 2026-05-10 36168QAQ7 Debt
0.06%
$0.47 444,000
63 GILD GILEAD SCIENCES INC Since 2026-05-10 375558BK8 Debt
0.07%
$0.58 700,000
64 GTE GRAN TIERRA ENERGY INC Since 2026-05-10 38500TAC5 Debt
0.02%
$0.14 200,000
65 GTN-A GRAY MEDIA INC Since 2026-05-10 389375AM8 Debt
0.01%
$0.11 103,000
66 GTN-A GRAY MEDIA INC Since 2026-05-10 389375AN6 Debt
0.11%
$0.85 824,000
67 GTN-A GRAY MEDIA INC Since 2026-05-10 389375AP1 Debt
0.13%
$1.07 1,046,000
68 GPI GROUP 1 AUTOMOTIVE INC Since 2026-05-10 398905AQ2 Debt
0.01%
$0.12 114,000
69 HSBC HSBC HOLDINGS PLC Since 2026-05-10 404280BL2 Debt
0.03%
$0.23 230,000
70 HSBC HSBC HOLDINGS PLC Since 2026-05-10 404280CQ0 Debt
0.06%
$0.44 465,000
71 HQY HEALTHEQUITY INC Since 2026-05-10 42226AAA5 Debt
0.07%
$0.55 559,000
72 HOLX HOLOGIC INC Since 2026-05-10 436440AP6 Debt
0.00%
$0.02 22,000
73 PODD INSULET CORPORATION Since 2026-05-10 45784PAL5 Debt
0.02%
$0.20 187,000
74 JPM JPMORGAN CHASE & CO Since 2026-05-10 46647PAM8 Debt
0.28%
$2.23 2,250,000
75 JPM JPMORGAN CHASE & CO Since 2026-05-10 46647PEJ1 Debt
0.39%
$3.08 3,000,000
76 JPM JPMORGAN CHASE & CO Since 2026-05-10 48123KAE6 Debt
0.04%
$0.33 358,000
77 JPM JPMORGAN CHASE & CO Since 2026-05-10 48128BAH4 Debt
0.51%
$4.01 4,000,000
78 KBR KBR INC Since 2026-05-10 48242WAC0 Debt
0.03%
$0.20 204,000
79 KGS KODIAK GAS SERVICES LLC Since 2026-05-10 50012LAC8 Debt
0.09%
$0.71 685,000
80 KGS KODIAK GAS SERVICES LLC Since 2026-05-10 50012LAD6 Debt
0.06%
$0.46 447,000
81 KGS KODIAK GAS SERVICES LLC Since 2026-05-10 50012LAE4 Debt
0.11%
$0.90 873,000
82 LGIH LGI HOMES INC Since 2026-05-10 50187TAH9 Debt
0.02%
$0.12 116,000
83 LGIH LGI HOMES INC Since 2026-05-10 50187TAK2 Debt
0.04%
$0.28 291,000
84 LEVI LEVI STRAUSS & CO Since 2026-05-10 52736RBJ0 Debt
0.00%
$0.02 21,000
85 LAD LITHIA MOTORS INC Since 2026-05-10 536797AJ2 Debt
0.03%
$0.24 237,000
86 LUMN LUMEN TECHNOLOGIES INC Since 2026-05-10 550241AC7 Debt
0.03%
$0.26 258,592
87 LUMN LUMEN TECHNOLOGIES INC Since 2026-05-10 550241AK9 Debt
0.04%
$0.28 282,639
88 LUMN Lumen Technologies Inc Since 2026-05-10 55024EAD7 LON
0.01%
$0.08 81,210
89 MRP MILLROSE PROPERTIES INC Since 2026-05-10 601137AA0 Debt
0.10%
$0.76 742,000
90 MRP MILLROSE PROPERTIES INC Since 2026-05-10 601137AB8 Debt
0.13%
$1.05 1,041,000
91 MOH MOLINA HEALTHCARE INC Since 2026-05-10 60855RAM2 Debt
0.03%
$0.20 198,000
92 MOH MOLINA HEALTHCARE INC Since 2026-05-10 60855RAN0 Debt
0.08%
$0.61 598,000
93 NRG NRG ENERGY INC Since 2026-05-10 629377CU4 Debt
0.09%
$0.68 625,000
94 NRG NRG ENERGY INC Since 2026-05-10 629377CW0 Debt
0.13%
$1.06 1,038,000
95 NRG NRG ENERGY INC Since 2026-05-10 629377CX8 Debt
0.11%
$0.87 847,000
96 NRG NRG ENERGY INC Since 2026-05-10 629377CY6 Debt
0.03%
$0.26 260,000
97 NRG NRG ENERGY INC Since 2026-05-10 629377DC3 Debt
0.12%
$0.93 916,000
98 NRG NRG ENERGY INC Since 2026-05-10 629377DD1 Debt
0.36%
$2.83 2,795,000
99 NBR NABORS INDUSTRIES INC Since 2026-05-10 62957HAR6 Debt
0.03%
$0.20 204,000
100 NWL NEWELL BRANDS INC Since 2026-05-10 651229BG0 Debt
0.03%
$0.24 228,000
101 OPCH OPTION CARE HEALTH INC Since 2026-05-10 68404LAA0 Debt
0.04%
$0.31 314,000
102 OWL BLUE OWL CAPITAL CORP Since 2026-05-10 69121KAJ3 Debt
0.04%
$0.35 348,000
103 PLTK PLAYTIKA HOLDING CORP Since 2026-05-10 72815LAA5 Debt
0.01%
$0.06 67,000
104 POST POST HOLDINGS INC Since 2026-05-10 737446AQ7 Debt
0.05%
$0.39 397,000
105 POST POST HOLDINGS INC Since 2026-05-10 737446AR5 Debt
0.01%
$0.04 42,000
106 POST POST HOLDINGS INC Since 2026-05-10 737446AU8 Debt
0.02%
$0.13 130,000
107 POST POST HOLDINGS INC Since 2026-05-10 737446AV6 Debt
0.04%
$0.32 317,000
108 POST POST HOLDINGS INC Since 2026-05-10 737446AX2 Debt
0.02%
$0.17 168,000
109 POST POST HOLDINGS INC Since 2026-05-10 737446AY0 Debt
0.07%
$0.59 592,000
110 MATV MATIV HOLDINGS INC Since 2026-05-10 808541AC0 Debt
0.02%
$0.20 195,000
111 SVC SERVICE PROPERTIES TRUST Since 2026-05-10 81761LAC6 Debt
0.31%
$2.45 2,330,000
112 SVC SERVICE PROPERTIES TRUST Since 2026-05-10 81761LAE2 Debt
0.08%
$0.60 604,000
113 SVC SERVICE PROPERTIES TRUST Since 2026-05-10 81761LAF9 Debt
0.13%
$1.01 1,115,000
114 SNAP SNAP INC Since 2026-05-10 83304AAL0 Debt
0.11%
$0.87 840,000
115 SNAP SNAP INC Since 2026-05-10 83304AAM8 Debt
0.09%
$0.74 715,000
116 XYZ BLOCK INC Since 2026-05-10 852234AN3 Debt
0.07%
$0.53 534,000
117 XYZ BLOCK INC Since 2026-05-10 852234AS2 Debt
0.33%
$2.61 2,510,000
118 XYZ BLOCK INC Since 2026-05-10 852234AT0 Debt
0.06%
$0.47 466,000
119 XYZ BLOCK INC Since 2026-05-10 852234AU7 Debt
0.08%
$0.61 598,000
120 STWD STARWOOD PROPERTY TRUST Since 2026-05-10 85571BBB0 Debt
0.03%
$0.24 226,000
121 STWD STARWOOD PROPERTY TRUST Since 2026-05-10 85571BBC8 Debt
0.01%
$0.12 115,000
122 STWD STARWOOD PROPERTY TRUST Since 2026-05-10 85571BBD6 Debt
0.04%
$0.30 292,000
123 STWD STARWOOD PROPERTY TRUST Since 2026-05-10 85571BBE4 Debt
0.04%
$0.34 323,000
124 TDW TIDEWATER INC Since 2026-05-10 88642RAE9 Debt
0.04%
$0.30 280,000
125 TWLO TWILIO INC Since 2026-05-10 90138FAC6 Debt
0.03%
$0.20 206,000
126 TWLO TWILIO INC Since 2026-05-10 90138FAD4 Debt
0.03%
$0.20 209,000
127 COHR COHERENT CORP Since 2026-05-10 902104AC2 Debt
0.07%
$0.55 547,000
128 UBS UBS GROUP AG Since 2026-05-10 902613BE7 Debt
0.78%
$6.22 5,300,000
129 UBS UBS GROUP AG Since 2026-05-10 902613BF4 Debt
0.03%
$0.22 200,000
130 UNFI UNITED NATURAL FOODS INC Since 2026-05-10 911163AA1 Debt
0.04%
$0.33 334,000
131 MTN VAIL RESORTS INC Since 2026-05-10 91879QAP4 Debt
0.06%
$0.50 479,000
132 MTN VAIL RESORTS INC Since 2026-05-10 91879QAQ2 Debt
0.04%
$0.28 278,000
133 VZ VERIZON COMMUNICATIONS Since 2026-05-10 92343VEA8 Debt
0.06%
$0.49 500,000
134 VZ VERIZON COMMUNICATIONS Since 2026-05-10 92343VFV1 Debt
0.09%
$0.73 1,250,000
135 VZ VERIZON COMMUNICATIONS Since 2026-05-10 92343VHH0 Debt
0.20%
$1.58 1,590,000
136 VIAV VIAVI SOLUTIONS INC Since 2026-05-10 925550AF2 Debt
0.01%
$0.06 67,000
137 VTRS VIATRIS INC Since 2026-05-10 92556VAC0 Debt
0.05%
$0.38 392,000
138 VST VISTRA CORP Since 2026-05-10 92840MAB8 Debt
0.03%
$0.25 240,000
139 VST VISTRA CORP Since 2026-05-10 92840MAC6 Debt
0.03%
$0.27 267,000
140 WD WALKER & DUNLOP INC Since 2026-05-10 93148PAA0 Debt
0.03%
$0.20 195,000
141 WEX WEX INC Since 2026-05-10 96208TAD6 Debt
0.07%
$0.53 518,000
142 LEVI LEVI STRAUSS & CO Since 2026-05-10 Debt
0.02%
$0.20 165,000
143 SLGN SILGAN HOLDINGS INC Since 2026-05-10 Debt
0.06%
$0.49 415,000
144 BLCO Bausch & Lomb Corporation Since 2026-05-10 LON
0.03%
$0.26 260,992
145 BLCO Bausch & Lomb Corporation Since 2026-05-10 LON
0.08%
$0.61 606,477
146 ICE Intercontinental Exchange, Inc. Since 2026-05-10 DCR
-0.04%
$-0.32 14,075,000
147 ICE Intercontinental Exchange, Inc. Since 2026-05-10 DCR
-0.07%
$-0.52 6,675,000
Frequently Asked Questions — BlackRock Multi-Sector Income Trust
What type of mutual fund is BlackRock Multi-Sector Income Trust?
BlackRock Multi-Sector Income Trust is a SEC-registered Fixed Income fund, with $794M in assets under management. Fixed Income funds invest in bonds, government securities, and other debt instruments, seeking regular income and capital preservation. They are generally considered lower risk than equity funds but are sensitive to changes in interest rates — when rates rise, bond prices typically fall. Fixed income funds are commonly used by income-oriented investors or as a portfolio stabiliser alongside equities. As of its latest SEC N-PORT filing, BlackRock Multi-Sector Income Trust holds 147 portfolio positions, all detailed in the holdings table on this page.
What are BlackRock Multi-Sector Income Trust's assets under management (AUM)?
BlackRock Multi-Sector Income Trust has $794M in assets under management (AUM) according to its most recent SEC N-PORT filing on StockSifting. AUM represents the total market value of all securities and other assets held by the fund as of the report date. A larger AUM generally signals a more established fund with greater institutional adoption, more trading liquidity, and potentially lower per-unit operational costs due to economies of scale. AUM changes daily as market prices fluctuate and as investors purchase or redeem fund shares — the figure shown here reflects the most recently available N-PORT disclosure, not the current real-time value. For the live figure, consult the fund's official website or its latest SEC EDGAR filing.
What are BlackRock Multi-Sector Income Trust's top holdings?
According to BlackRock Multi-Sector Income Trust's most recent SEC N-PORT filing, the fund's largest holdings by portfolio weight include AT&T INC, ABBVIE INC, ADVANCE AUTO PARTS , among others. The complete list of all 147 holdings — including CUSIP, asset type, portfolio weight percentage, dollar value, and share quantity — is available in the holdings table above. Holdings data is sourced directly from SEC EDGAR N-PORT filings and reflects the fund's positions as of the report date shown at the top of this page. Due to the 60-day SEC disclosure lag, these positions may differ from the fund's current portfolio. For the latest holdings before public release, refer to SEC EDGAR directly.
What is BlackRock Multi-Sector Income Trust's expense ratio?
Expense ratio data for BlackRock Multi-Sector Income Trust is not currently available in StockSifting's database. The expense ratio is the annual fee charged by a mutual fund as a percentage of your investment, covering management fees and operational costs. It is one of the most important factors affecting net long-term returns — lower expense ratios allow more of a fund's gross performance to flow through to investors. For the most accurate and current expense ratio, refer to the fund's official prospectus or its SEC EDGAR filings. You can also contact us if you believe this data should be present.
Where can I find BlackRock Multi-Sector Income Trust's SEC filings?
BlackRock Multi-Sector Income Trust is required to file monthly portfolio reports (Form N-PORT) with the U.S. Securities and Exchange Commission (SEC). Its SEC Central Index Key (CIK) is 0001562818. You can access all of BlackRock Multi-Sector Income Trust's SEC filings — including N-PORT holdings disclosures, annual reports (Form N-CEN), and registration statements — directly on SEC EDGAR (CIK: 0001562818). N-PORT filings disclose the fund's complete portfolio holdings, fair value measurements, and certain risk metrics as of each filing period end date. StockSifting automatically parses these filings to populate the holdings table, AUM figures, and expense ratio displayed on this page, making the raw EDGAR data accessible without needing to download and parse XML files manually.
How current is BlackRock Multi-Sector Income Trust's holdings data on StockSifting?
Holdings data for BlackRock Multi-Sector Income Trust on StockSifting is sourced from its most recent SEC EDGAR N-PORT filing. Under SEC rules, registered investment companies must file N-PORT reports monthly, but these are made publicly available approximately 60 days after the reporting period end date. This means the holdings shown on this page reflect the fund's portfolio from roughly two months prior — not today's exact positions. The Report date displayed at the top of this page indicates exactly when the underlying data was current. If the fund has made significant portfolio changes since that date — responding to market events, earnings releases, or macro shifts — those changes will not be reflected here until the next N-PORT filing is released. For the most up-to-date holdings before the public disclosure window, refer to the fund's official website or SEC EDGAR directly. StockSifting is best used for fundamental research and historical portfolio analysis, not real-time trading decisions.