Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.98% 2.711B -- 47.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-1.657B 6.90%

Basic Info

Investment Strategy
The Fund seeks to provide high current income, with a secondary objective of long term capital appreciation. The Fund invests 80% of its assets in a diversified portfolio that effectively enables the Fund to achieve a floating rate of income. The Fund may also invest up to 15% of its assets in illiquid securities.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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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: 74
-911.80M Peer Group Low
625.73M Peer Group High
1 Year
% Rank: 97
-1.657B
-3.466B Peer Group Low
4.861B Peer Group High
3 Months
% Rank: 95
-1.776B Peer Group Low
2.153B Peer Group High
3 Years
% Rank: 96
-3.017B Peer Group Low
21.87B Peer Group High
6 Months
% Rank: 93
-2.236B Peer Group Low
3.452B Peer Group High
5 Years
% Rank: 89
-3.715B Peer Group Low
24.17B Peer Group High
YTD
% Rank: 95
-1.776B Peer Group Low
2.153B Peer Group High
10 Years
% Rank: 70
-10.97B Peer Group Low
24.77B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2019
2020
2021
2022
2023
2024
2025
YTD
8.54%
2.35%
3.82%
-0.69%
12.20%
8.04%
5.36%
-0.56%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.30%
0.17%
7.74%
1.64%
6.77%
-1.84%
10.98%
9.48%
5.94%
0.16%
8.27%
1.26%
4.16%
-3.73%
10.96%
7.90%
4.27%
-0.58%
7.89%
1.26%
4.41%
-1.25%
13.67%
7.97%
6.29%
-0.49%
8.12%
0.66%
3.02%
-1.65%
12.71%
7.72%
4.69%
-0.70%
As of April 08, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (4-6-26) 6.46%
30-Day SEC Yield (2-28-26) 5.89%
7-Day SEC Yield --
Number of Holdings 10
Bond
Yield to Maturity (10-31-25) 6.83%
Effective Duration 0.14
Average Coupon 7.44%
Calculated Average Quality 5.637
Effective Maturity 5.155
Nominal Maturity 5.160
Number of Bond Holdings 4
As of October 31, 2025

Asset Allocation

As of October 31, 2025.
Type % Net
Cash -3.85%
Stock 0.36%
Bond 96.78%
Convertible 0.00%
Preferred 0.03%
Other 6.69%
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Top 10 Holdings

Name % Weight Price % Change
BlackRock Liquidity T-Fund Institutional 9.52% 1.00 0.00%
IBOXX USD LIQUID LEVERAGED LOAN INDEX TRS
5.06% -- --
CREDIT DEFAULT SWAP INDEX NORTH AMERICA HIGH YIELD SER 43 V3
2.05% -- --
iShares Broad USD High Yield Corporate Bond ETF 1.18% 37.12 0.56%
Invesco Senior Loan ETF 0.86% 20.60 0.46%
HOLOGIC INC FRN 14-JAN-2033
0.82% -- --
HUB INTL LTD 20-JUN-2030 TERM LOAN B
0.82% -- --
ALLIED UNIVERSAL HOLDCO LLC 05-AUG-2032 TERM LOAN B
0.80% -- --
ALLIANT HOLDINGS INTERMEDIATE LLC FRN 19-SEP-2031
0.77% -- --
CREDIT DEFAULT SWAP INDEX NORTH AMERICA HIGH YIELD SER 44 V2
0.77% -- --

Fees & Availability

Fees
Actual 12B-1 Fee 0.25%
Actual Management Fee 0.49%
Administration Fee 187.9K%
Maximum Front Load 2.50%
Maximum Deferred Load 0.00%
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 1000.00 None
Minimum Subsequent Investment 50.00 None

Basic Info

Investment Strategy
The Fund seeks to provide high current income, with a secondary objective of long term capital appreciation. The Fund invests 80% of its assets in a diversified portfolio that effectively enables the Fund to achieve a floating rate of income. The Fund may also invest up to 15% of its assets in illiquid securities.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Loan Participation Funds
Peer Group Loan Participation Funds
Global Macro Loan Participation Funds
US Macro General Domestic Taxable Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Loan Participation Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (4-6-26) 6.46%
30-Day SEC Yield (2-28-26) 5.89%
7-Day SEC Yield --
Number of Holdings 10
Bond
Yield to Maturity (10-31-25) 6.83%
Effective Duration 0.14
Average Coupon 7.44%
Calculated Average Quality 5.637
Effective Maturity 5.155
Nominal Maturity 5.160
Number of Bond Holdings 4
As of October 31, 2025

Fund Details

Key Dates
Inception Date 11/3/1989
Share Classes
BFRCX C
BFRIX Inst
BFRKX K
Attributes
Inverse Fund No
Leveraged Fund --
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:BFRAX", "name")
Broad Asset Class: =YCI("M:BFRAX", "broad_asset_class")
Broad Category: =YCI("M:BFRAX", "broad_category_group")
Prospectus Objective: =YCI("M:BFRAX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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