Trent Walker
About Trent Walker
Trent Walker serves as Chief Financial Officer (CFO) of MPA and has held this role since 2021; he is a Managing Director of BlackRock, Inc. since 2019, with a prior decade at PIMCO in senior finance and fund treasury roles (SVP 2008–2015; EVP 2016–2019; Treasurer for multiple PIMCO funds 2013–2019; Assistant Treasurer 2007–2017). Year of birth: 1974. Fund proxies state that executive officers (other than the Chief Compliance Officer) receive no compensation from the Fund, and do not disclose education or performance-linked compensation metrics (TSR, revenue/EBITDA growth) for Walker at the Fund level.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | Since 2019 | Senior finance leadership at the adviser; supports CFO responsibilities for the Fund |
| MPA (Fund) | Chief Financial Officer | Since 2021 | Fund CFO; executive officer of the Fund |
| PIMCO | Executive Vice President | 2016–2019 | Senior finance/operations leadership |
| PIMCO | Senior Vice President | 2008–2015 | Senior finance/operations leadership |
| PIMCO-sponsored funds (multiple trusts/funds) | Treasurer | 2013–2019 | Treasury oversight across mutual funds, ETFs, closed-end funds |
| PIMCO-sponsored funds (multiple trusts/funds) | Assistant Treasurer | 2007–2017 | Treasury/administration support across fund complexes |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in Fund proxy | — | — | The executive officer biographies list principal occupations; no external public company board roles are disclosed for Walker in the Fund proxy excerpts |
Fixed Compensation
- Executive officers (other than the Chief Compliance Officer) receive no compensation from the Fund; the Fund compensates only the CCO for CCO services.
| Compensation Element | Fund-Level Disclosure |
|---|---|
| Base salary | Not paid by the Fund; not disclosed at Fund level |
| Target bonus % / actual bonus | Not paid by the Fund; not disclosed at Fund level |
| Perquisites | Not disclosed at Fund level |
Performance Compensation
- The Fund does not disclose equity or performance awards (RSUs, PSUs, options) for executive officers; compensation for these individuals is determined and paid by BlackRock, Inc., not the Fund.
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| RSUs/PSUs (equity awards) | Not disclosed by Fund | — | — | — | — | — |
| Options | Not disclosed by Fund | — | — | — | — | — |
| Annual incentive | Not disclosed by Fund | — | — | — | — | — |
Equity Ownership & Alignment
- As of August 18, 2025 (record date), officers and Board Members of the Funds, as a group, beneficially owned less than 1% of the outstanding common shares of each Fund, including MPA.
- 5% beneficial holders for MPA (context): Wells Fargo & Company held 670,599 common shares (5.20%).
| Ownership Item | Value | As-of Date |
|---|---|---|
| Officers and Board Members as a group – beneficial ownership of MPA | <1% of outstanding common shares | August 18, 2025 |
| Wells Fargo & Company – beneficial ownership of MPA | 670,599 shares (5.20%) | August 18, 2025 |
| Shares pledged/hedged by Walker | Not disclosed in Fund proxy | — |
| Stock ownership guidelines for Walker | Not disclosed in Fund proxy | — |
Employment Terms
| Term | Disclosure |
|---|---|
| Position | Chief Financial Officer (executive officer) |
| Term of office | Annual; length of service since 2021 |
| Employer of record | BlackRock, Inc. (officer is an “interested person” due to position with BlackRock or affiliates) |
| Severance provisions | Not disclosed by the Fund (compensation and employment terms for executive officers are not Fund-level) |
| Change-of-control | Not disclosed by the Fund (no Fund-level change-of-control economics for executive officers) |
| Clawbacks / tax gross-ups | Not disclosed by the Fund |
| Non-compete / non-solicit | Not disclosed by the Fund |
| Address of record | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 |
Investment Implications
- Pay-for-performance analysis at the Fund level is not feasible: executive officers (including the CFO) are not compensated by the Fund, and no Fund-level salary/bonus/equity metrics or performance targets are disclosed; compensation is set and paid by BlackRock, Inc.
- Alignment via direct ownership appears limited: officers and Board Members as a group own <1% of MPA common shares; no Walker-specific ownership, pledging, or hedging details are disclosed. This suggests low direct Fund-level equity linkage and minimal insider-driven trading signals.
- Retention and severance risk cannot be assessed from Fund filings: employment contracts, severance, and change-of-control terms for Walker are not disclosed by the Fund. These economics sit at the adviser (BlackRock) and are outside Fund proxy disclosure.
- Given the absence of Fund-level compensation incentives and ownership data for Walker, investors should focus on adviser-level governance and incentives at BlackRock, Inc., while monitoring standard Fund governance (committee activity and oversight) disclosed in the proxy.