Blackrock Floating Rate Income:BGT

    Manage Alerts

    Overview

    As of 9/25/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.22$13.05-14.02%
    52 Wk Avg$11.63$13.18-11.95%
    52 Wk High$13.30$14.21-6.51%
    52 Wk Low$7.20$9.85-29.72%
    Regular Distribution TypeIncome Only
    Distribution Rate8.17%
    Distribution Amount$0.0764
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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.

    Capital Structure

    As of 9/25/2020

    Total Investment Exposure:$412.946M
    Total Common Assets:$294.946M
    Common Shares Outstanding:22,601,203
    Leverage

    As of 9/25/2020

    Preferred Share Assets:
    Total Debt (USD): $118.000M
    Regulatory Leverage (USD): $118.000M
    Effective Leverage (USD): $118.000M
    Effective Leverage (%): 28.58%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees0.17%
    Other Expenses:1.81%
    Baseline Expense: N/A
    Interest Expense:0.16%
    Total: 2.14%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    James Keenan, C. Adrian Marshall, Joshua Tarnow

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: BGT
    NAV Ticker: XBGTX
    Average Daily Volume (shares): 94,410
    Average Daily Volume (USD): $1.069M
    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 9/25/2020

    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 6/30/2020
    $0.3576
    Annualized Distribution Rate on NAV:
    As of 9/25/2020
    7.03%
    Total Return on NAV (12 months):
    As of 9/25/2020
    -0.69%
    Avg. Portfolio Coupon:
    As of 9/25/2020
    4.04%
    Total % Portfolio Effectively Leveraged:
    As of 9/25/2020
    28.58%

    Pricing Information

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

    As of 9/25/2020

    PeriodAvg Discount
    6 Month-13.46%
    1 Year-11.95%
    3 Year-9.79%
    5 Year-8.25%
    Z-Score

    As of 9/25/2020

    PeriodZStat
    3 Month-1.36
    6 Month-0.54
    1 Year-0.74
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2020
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-6.79%-3.63%-11.03%-5.01%
    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%-4.49%1.82%
    201027.23%13.83%24.86%14.07%
    200992.86%64.70%89.99%79.89%
    2008-40.28%-41.04%-46.76%-49.37%
    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 8/31/2020
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/25/2020
    4.04%
    Number of Holdings:
    As of 6/30/2020
    389
    Annual Portfolio Turnover:
    As of 10/31/2019
    6.00%
    Average Bond Price:
    As of 6/30/2020
    $101.09
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)99.18%
    Bank Loan80.15%
    Corporate Bond18.96%
    Cash Equivalents (Super Sector)0.64%
    Cash Equivalents0.64%
    Sensitive (Super Sector)0.08%
    Convertible0.08%
    Energy0.05%
    Communication Services0.02%
    Consumer Cyclical0.00%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    iShares iBoxx $ High Yield Corp Bd ETF$10.45M3.44%
    Zayo Group Holding / Front Range$7.22M2.37%
    INMARSAT PLC / CONNECT US FINCO$6.43M2.12%
    Vertiv Group Corporation$5.02M1.65%
    Informatica Llc$4.82M1.59%
    Kronos Incorporated$4.42M1.45%
    T-Mobile Usa Inc$4.08M1.34%
    iShares iBoxx $ Invmt Grade Corp Bd ETF$4.04M1.33%
    Sotera Health(Sterigenics-Nordion)$3.92M1.29%
    Ssb Loc Overnight Libor Facility$-119.00M-39.13%
    Maturity Breakdown

    As of 6/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income10.41%
    France - Fixed Income0.76%
    United Kingdom - Fixed Income0.53%
    Canada - Fixed Income0.32%
    United States - Equity0.09%
    Netherlands - Fixed Income0.08%
    Israel - Fixed Income0.04%
    Brazil - Fixed Income0.03%
    Belgium - Fixed Income0.03%
    Others - Fixed Income0.03%
    Japan - Fixed Income0.02%
    Australia - Fixed Income0.02%
    Italy - Fixed Income0.01%
    Germany - Fixed Income0.01%
    Ireland - Fixed Income0.01%
    Switzerland - Fixed Income0.01%
    Norway - Fixed Income0.01%
    Sweden - Fixed Income0.01%
    Spain - Fixed Income0.01%
    China - Fixed Income0.01%
    Finland - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Greece - 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. 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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