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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.70% 3.76% 302.98M 102475.9
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.00% 65.00% -14.03M Upgrade

Basic Info

Investment Strategy
Invests primarily in floating rate securities, including a significant portion in senior, non-investment grade secured floating rate loans. At least 80% of the assets will be invested in U.S. and non-U.S. floating rate securities. The Fund will not be restricted to invest a specific percentage of its assets in non-U.S. securities or in securities across a minimum number of non-U.S. countries. Substantially all of the portfolio will consist of non-investment grade debt securities. It will employ up to 38% leverage through borrowing funds or issuing preferred shares.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Bank Loan
Category Index S&P/LSTA Leveraged Loan TR
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
BBgBarc Glb U.S. Corp HY 2% Issuer Cons 16.00%
BBgBarc Interm Credit Idx USD 24.00%
BBgBarc US Long Government/Credit 40.00%
BBgBarc US MBS USD 8.00%
Bloomberg ABS TR USD 8.00%
Bloomberg CMBS IG Elig for US Agg TR USD 8.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
C. Marshall 12.66 yrs
James Keenan 12.66 yrs
Joshua Tarnow 5.68 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 89
-14.03M
-1.088B Category Low
6.757B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

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)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
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--
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--
--
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% Rank in Cat (NAV)
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As of January 14, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
3.11%
19.39%
3.90%
-11.96%
18.97%
-0.84%
25.90%
0.50%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.54%
-1.82%
2.28%
18.69%
0.76%
-8.29%
20.82%
-2.44%
17.79%
2.72%
-2.24%
20.31%
10.69%
-10.05%
23.83%
1.52%
19.36%
-1.62%
-2.80%
27.22%
3.88%
-6.95%
16.40%
0.86%
22.87%
-2.03%
-0.64%
23.76%
3.08%
-2.40%
14.33%
6.15%
11.78%
1.67%
As of January 14, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-14-22) 5.00%
30-Day SEC Yield --
7-Day SEC Yield (4-6-11) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 6.98%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of September 30, 2021

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash 0.76% Upgrade Upgrade
Stock 0.19% Upgrade Upgrade
Bond 98.88% Upgrade Upgrade
Convertible 0.17% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
GALDERMA(SUNSHINE LUX)/NESTLE
1.42% -- --
VERITAS US INC
1.41% -- --
INMARSAT PLC / CONNECT US FINCO
1.35% -- --
PERATON CORP
1.34% -- --
Core & Main Lp (Hd Supply Water)
1.34% -- --
INFORMATICA LLC
1.33% -- --
CUBIC CORP / ATLAS CC ACQUISITION
1.24% -- --
MCAFEE / MAGENTA BUYER LLC
1.18% -- --
GRAB TECHNOLOGY LLC
1.13% -- --
CLEAR CHANNEL OUTDOOR HOLDINGS INC
1.13% -- --

Basic Info

Investment Strategy
Invests primarily in floating rate securities, including a significant portion in senior, non-investment grade secured floating rate loans. At least 80% of the assets will be invested in U.S. and non-U.S. floating rate securities. The Fund will not be restricted to invest a specific percentage of its assets in non-U.S. securities or in securities across a minimum number of non-U.S. countries. Substantially all of the portfolio will consist of non-investment grade debt securities. It will employ up to 38% leverage through borrowing funds or issuing preferred shares.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Bank Loan
Category Index S&P/LSTA Leveraged Loan TR
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
BBgBarc Glb U.S. Corp HY 2% Issuer Cons 16.00%
BBgBarc Interm Credit Idx USD 24.00%
BBgBarc US Long Government/Credit 40.00%
BBgBarc US MBS USD 8.00%
Bloomberg ABS TR USD 8.00%
Bloomberg CMBS IG Elig for US Agg TR USD 8.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
C. Marshall 12.66 yrs
James Keenan 12.66 yrs
Joshua Tarnow 5.68 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-14-22) 5.00%
30-Day SEC Yield --
7-Day SEC Yield (4-6-11) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 6.98%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of September 30, 2021

Fund Details

Key Dates
Inception Date 8/30/2004
Last Annual Report Date 12/31/2020
Last Prospectus Date 6/25/2004
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Top Portfolio Holders

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