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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.47% -1.30% 502.46M 163350.8
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
9.50% 30.00% -- Upgrade

Basic Info

Investment Strategy
The Fund primary investment objective is to provide current income by investing primarily in a diversified portfolio of US companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P’s or Baa or lower by Moody’s). The Fund’s secondary objective is to provide capital appreciation. Corporate loans include senior and subordinated corporate loans, both secured and unsecured. The Fund may invest directly in such securities or synthetically through the use of derivatives.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Bank Loan
Category Index Morningstar LSTA US LL Index TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg US Corp HY 2% Isr Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Mitchell Garfin 7.93 yrs
David Delbos 2.25 yrs
Carly Wilson 0.84 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 25, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
10.69%
-10.05%
23.83%
1.52%
19.36%
-15.48%
30.28%
2.23%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.44%
0.76%
-8.29%
20.82%
-2.44%
17.79%
-10.58%
25.40%
7.15%
3.90%
-11.96%
18.97%
-0.84%
25.90%
-16.55%
26.28%
7.61%
0.19%
-5.37%
16.95%
-0.14%
16.96%
-1.09%
20.83%
8.31%
11.53%
-10.21%
31.09%
5.29%
13.51%
-15.88%
17.22%
-1.19%
As of April 25, 2024.

Asset Allocation

As of December 31, 2023.
Type % Net % Long % Short
Cash 1.22% Upgrade Upgrade
Stock 0.09% Upgrade Upgrade
Bond 98.38% Upgrade Upgrade
Convertible 0.09% Upgrade Upgrade
Preferred 0.18% Upgrade Upgrade
Other 0.05% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund primary investment objective is to provide current income by investing primarily in a diversified portfolio of US companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P’s or Baa or lower by Moody’s). The Fund’s secondary objective is to provide capital appreciation. Corporate loans include senior and subordinated corporate loans, both secured and unsecured. The Fund may invest directly in such securities or synthetically through the use of derivatives.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Bank Loan
Category Index Morningstar LSTA US LL Index TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg US Corp HY 2% Isr Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Mitchell Garfin 7.93 yrs
David Delbos 2.25 yrs
Carly Wilson 0.84 yrs

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