Blackrock Floating Rate Income:BGT

    Manage Alerts

    Overview

    As of 7/12/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$13.00$12.791.64%
    52 Wk Avg$12.42$12.81-3.08%
    52 Wk High$13.97$12.957.34%
    52 Wk Low$11.23$12.67-11.12%
    Regular Distribution TypeManaged Distribution
    Distribution Rate11.10%
    Distribution Amount$0.1203
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Trust’s investment objective is to provide a high level of current income. The Trust, as a secondary objective, also seeks the preservation of capital to the extent consistent with its primary objective of high current income.

    Capital Structure

    As of 7/12/2024

    Total Investment Exposure:$286.506M
    Total Common Assets:$285.417M
    Common Shares Outstanding:22,315,637
    Leverage

    As of 7/12/2024

    Preferred Share Assets:
    Total Debt (USD): $1.089M
    Regulatory Leverage (USD): $1.089M
    Effective Leverage (USD): $1.089M
    Effective Leverage (%): 0.38%
    Annual Expense Ratios

    As of 10/31/2023

      Per Common Share
    Management Fees0.99%
    Other Expenses:0.10%
    Baseline Expense: N/A
    Interest Expense:1.94%
    Total: 3.03%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    David Delbos, Mitchell S. Garfin, Carly Wilson

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: BGT
    NAV Ticker: XBGTX
    Average Daily Volume (shares): 95,561
    Average Daily Volume (USD): $1.186M
    Inception Date: 8/30/2004
    Inception Share Price: $20.00
    Inception NAV: $19.10
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 7/12/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2023
    $0.6252
    Annualized Distribution Rate on NAV:
    As of 7/12/2024
    11.29%
    Total Return on NAV (12 months):
    As of 7/12/2024
    11.53%
    Avg. Portfolio Coupon:
    As of 7/12/2024
    8.66%
    Total % Portfolio Effectively Leveraged:
    As of 7/12/2024
    0.38%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/12/2024

    PeriodAvg Discount
    6 Month0.47%
    1 Year-3.08%
    3 Year-5.46%
    5 Year-7.65%
    Z-Score

    As of 7/12/2024

    PeriodZStat
    3 Month0.02
    6 Month0.46
    1 Year1.16
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2024
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD9.08%4.47%9.53%4.83%
    202326.28%14.86%18.44%14.27%
    2022-16.55%-1.93%-14.61%-6.12%
    202125.95%6.21%20.67%7.70%
    2020-0.84%1.83%0.14%1.12%
    201918.97%11.92%18.13%8.70%
    2018-11.96%-1.81%-7.68%-1.95%
    20173.90%4.30%3.80%5.83%
    201619.39%10.69%24.86%18.27%
    20153.11%1.78%-3.65%-4.65%
    2014-2.02%2.47%-2.59%1.36%
    2013-1.35%8.32%3.18%9.08%
    201220.35%15.02%23.78%15.96%
    2011-11.97%1.90%  
    201027.23%13.83%  
    200992.86%64.70%  
    2008-40.28%-41.04%  
    2007-10.94%0.64%  
    200621.43%7.90%  
    2005-1.32%6.00%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2024
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/12/2024
    8.66%
    Number of Holdings:
    As of 3/31/2024
    466
    Annual Portfolio Turnover:
    As of 10/31/2023
    25.00%
    Asset Allocation

    As of 3/31/2024

    Top Sectors

    As of 3/31/2024

    Sector%Portfolio
    Corporate (Super Sector)95.65%
    Bank Loan89.63%
    Corporate Bond6.02%
    Securitized (Super Sector)2.18%
    Asset Backed2.18%
    Cash Equivalents (Super Sector)1.40%
    Cash Equivalents1.40%
    Derivative (Super Sector)0.14%
    Swap0.14%
    Cyclical (Super Sector)0.08%
    Top Holdings

    As of 3/31/2024

    HoldingValue% Portfolio
    Alliant Holdings Intermediate Llc$4.23M1.42%
    Dun & Bradstreet (Dun & Bradstreet$3.88M1.31%
    DUFF & PHELPS / DEERFIELD DAKOTA H$3.72M1.25%
    REALPAGE INC$3.72M1.25%
    PERATON CORP$3.45M1.16%
    CITRIX(CLOUD SOFTWARE GROUP INC)$3.31M1.11%
    Invesco Senior Loan ETF$3.08M1.03%
    HUB INTERNATIONAL (HUB INT LTD)$3.05M1.03%
    ALIGHT (TEMPO ACQUISITION LLC)$2.93M0.99%
    Ssb Loc Overnight Libor Facility$-86.00M-28.93%
    Credit Quality

    As of 3/31/2024

    Maturity Breakdown

    As of 3/31/2024

    Country Allocation

    As of 3/31/2024

    Country% Portfolio
    United States - Fixed Income5.11%
    Others - Fixed Income1.11%
    United Kingdom - Fixed Income0.47%
    United States - Equity0.09%
    Canada - Fixed Income0.03%
    France - Fixed Income0.01%
    Israel - Fixed Income0.01%
    Netherlands - Fixed Income0.00%
    Australia - Fixed Income0.00%
    Germany - Fixed Income0.00%
    Italy - Fixed Income0.00%
    Japan - Fixed Income0.00%
    Ireland - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    Sweden - Fixed Income0.00%
    Austria - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Spain - Fixed Income0.00%
    Switzerland - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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