BCAT

BlackRock Capital Allocation Term Trust is a diversified closed-end management investment company managed by BlackRock Advisors, LLC. The fund employs a dynamic asset allocation strategy, seeking to provide total return and income through a flexible investment approach that shifts allocations across equity, fixed income, and alternative investment strategies based on market conditions and relative value opportunities. This tactical allocation flexibility differentiates the fund from static asset allocation strategies and aims to enhance risk-adjusted returns across market cycles. The fund's investment team actively adjusts exposure across asset classes, geographies, credit qualities, and sectors based on fundamental analysis, quantitative models, and market outlook. The equity sleeve may include U.S. and international stocks across market capitalizations, while fixed income investments span investment grade and high-yield bonds, bank loans, convertibles, and other credit instruments. The fund may also utilize derivatives for hedging, efficient portfolio management, or to gain targeted exposures. This multi-asset approach seeks to identify the most attractive risk-adjusted opportunities while managing overall portfolio risk. As a closed-end fund, BlackRock Capital Allocation Term Trust trades on stock exchanges at prices that may differ from its net asset value (NAV), providing opportunities for investors to purchase shares at discounts or premiums. The fund has a specified term structure (indicated by "Term" in its name) meaning it has a predetermined termination date when assets will be liquidated and distributed to shareholders, reducing the typical concern about perpetual closed-end fund discounts. The trust provides regular distributions and leverages BlackRock's global investment platform, research capabilities, and risk management expertise.