BlackRock Float Rate Strat (FRA)
13.51
-0.11 (-0.81%)
USD |
NYSE |
Nov 26, 16:00
Price Chart
Key Stats
Customize
| Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 1.67% | -2.81% | 489.73M | 152430.1 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (All) |
| 5.23% | 65.00% | -12.58M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund is a diversified closed-end investment management company that seeks a high level of current income with the secondary objective of preservation of capital. Under normal market conditions, it invests at least 80% of its assets in floating rate debt securities and instruments. There is no limitation to investment in senior floating rate loans and other floating or fixed rate debt securities and instruments that are rated below investment grade by the established rating services. However, it may not invest more than 10% of its total assets in securities and instruments that are rated Caa1 / CCC+ or lower. The Fund intends to leverage its portfolio up to 30% of the value of its total assets through borrowings, the issuance of debt securities or preferred stock or a combination thereof. |
| 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 - General |
| Fund Owner Firm Name | BlackRock |
| Prospectus Benchmark Index | |
| Credit Suisse Leveraged Loan USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Joshua Tarnow | 5.52 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
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Category Low
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Category High
1 Year
% Rank:
83
-12.58M
-347.25M
Category Low
6.218B
Category High
3 Months
% Rank:
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Category High
3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
--
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10 Years
% Rank:
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As of January 31, 2012
Performance Versus Category
As of November 26, 2021. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
Edit comparables
As of November 26, 2021.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Inmarsat Plc / Connect Us Finco
|
1.69% | -- | -- |
|
Informatica Llc
|
1.61% | -- | -- |
|
Galderma(Sunshine Lux)/Nestle
|
1.37% | -- | -- |
|
Veritas Us Inc
|
1.36% | -- | -- |
|
Zayo Group Holding / Front Range
|
1.34% | -- | -- |
|
Peraton Corp
|
1.29% | -- | -- |
|
Grab Technology Llc
|
1.22% | -- | -- |
|
Cubic Corp / Atlas Cc Acquisition
|
1.19% | -- | -- |
|
Clear Channel Outdoor Holdings Inc
|
1.19% | -- | -- |
|
The Dun & Bradstreet Corp
|
1.15% | -- | -- |
News
Headline
Wire
Time (ET)
SA Breaking News
05/07 10:12
SA Breaking News
04/07 13:48
SA Breaking News
03/04 11:48
SA Breaking News
02/04 15:41
SA Breaking News
12/21 17:17
SA Breaking News
12/04 18:24
SA Breaking News
11/03 12:34
SA Breaking News
10/01 18:39
SA Breaking News
09/02 14:10
Business Wire
09/01 17:00
Basic Info
| Investment Strategy | |
| The Fund is a diversified closed-end investment management company that seeks a high level of current income with the secondary objective of preservation of capital. Under normal market conditions, it invests at least 80% of its assets in floating rate debt securities and instruments. There is no limitation to investment in senior floating rate loans and other floating or fixed rate debt securities and instruments that are rated below investment grade by the established rating services. However, it may not invest more than 10% of its total assets in securities and instruments that are rated Caa1 / CCC+ or lower. The Fund intends to leverage its portfolio up to 30% of the value of its total assets through borrowings, the issuance of debt securities or preferred stock or a combination thereof. |
| 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 - General |
| Fund Owner Firm Name | BlackRock |
| Prospectus Benchmark Index | |
| Credit Suisse Leveraged Loan USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Joshua Tarnow | 5.52 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (11-26-21) | 5.23% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield (10-28-10) | Upgrade |
| Number of Holdings | Upgrade |
| Bond | |
| Current Yield | 5.18% |
| Yield to Maturity | -- |
| Effective Duration | -- |
| Average Coupon | Upgrade |
| Average Credit Score | Upgrade |
| Average Price | -- |
As of June 30, 2021
Fund Details
| Key Dates | |
| Inception Date | 10/31/2003 |
| Last Annual Report Date | 12/31/2020 |
| Last Prospectus Date | 10/28/2003 |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund |
|
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan |
|
| Socially Responsible Fund | No |
News
Headline
Wire
Time (ET)
SA Breaking News
05/07 10:12
SA Breaking News
04/07 13:48
SA Breaking News
03/04 11:48
SA Breaking News
02/04 15:41
SA Breaking News
12/21 17:17
SA Breaking News
12/04 18:24
SA Breaking News
11/03 12:34
SA Breaking News
10/01 18:39
SA Breaking News
09/02 14:10
Business Wire
09/01 17:00