BlackRock Floating Rate Inc Strategies:FRA

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$12.87$14.06-8.46%
    52 Wk Avg$12.18$13.69-11.14%
    52 Wk High$13.14$14.07-6.16%
    52 Wk Low$11.01$12.97-15.71%
    Regular Distribution TypeIncome Only
    Distribution Rate6.22%
    Distribution Amount$0.0667
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$704.812M
    Total Common Assets:$496.812M
    Common Shares Outstanding:35,335,136
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $208.000M
    Regulatory Leverage (USD): $208.000M
    Effective Leverage (USD): $208.000M
    Effective Leverage (%): 29.51%
    Annual Expense Ratios

    As of 8/31/2020

      Per Common Share
    Management Fees1.06%
    Other Expenses:0.07%
    Baseline Expense: N/A
    Interest Expense:0.54%
    Total: 1.67%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    Joshua Tarnow

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: FRA
    NAV Ticker: XFRAX
    Average Daily Volume (shares): 144,533
    Average Daily Volume (USD): $1.776M
    Inception Date: 10/31/2003
    Inception Share Price: $20.00
    Inception NAV: $19.10
    Tender Offer: No
    Term: No
    Fiscal Year End: August 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    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 12/31/2020
    $0.3375
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    5.69%
    Total Return on NAV (12 months):
    As of 6/11/2021
    14.99%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    4.19%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    29.51%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-8.64%
    1 Year-11.14%
    3 Year-11.16%
    5 Year-8.89%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month-2.44
    6 Month0.09
    1 Year0.89
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD9.17%3.33%13.26%5.04%
    2020-2.44%1.70%0.14%1.12%
    201920.82%12.17%18.13%8.70%
    2018-8.29%-2.07%-7.68%-1.95%
    20170.76%4.38%3.80%5.83%
    201618.69%10.89%24.86%18.27%
    20152.28%1.29%-3.65%-4.65%
    2014-2.71%1.88%-2.59%1.36%
    20132.59%8.41%3.18%9.08%
    201221.60%13.48%23.78%15.96%
    2011-4.16%2.27%-4.49%1.82%
    201011.61%13.28%24.86%14.07%
    200979.39%69.54%89.99%79.89%
    2008-38.16%-43.32%  
    2007-3.61%0.52%  
    200614.77%9.41%  
    2005-1.89%4.26%  
    20040.44%6.83%  
    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 5/31/2021
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    4.19%
    Number of Holdings:
    As of 3/31/2021
    437
    Annual Portfolio Turnover:
    As of 8/31/2020
    65.00%
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)89.72%
    Bank Loan77.50%
    Corporate Bond12.02%
    Cash Equivalents (Super Sector)0.57%
    Cash Equivalents0.57%
    Securitized (Super Sector)0.49%
    Asset Backed0.49%
    Convertible0.19%
    Sensitive (Super Sector)0.08%
    Communication Services0.04%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    INMARSAT PLC / CONNECT US FINCO$9.05M1.71%
    INFORMATICA LLC$8.61M1.63%
    ZAYO GROUP HOLDING / FRONT RANGE$8.38M1.59%
    iShares iBoxx $ High Yield Corp Bd ETF$8.37M1.58%
    THE DUN & BRADSTREET CORP$7.76M1.47%
    Galderma(Sunshine Lux)/Nestle$7.31M1.38%
    Veritas Us Inc$7.28M1.38%
    TEMPO ACQUISITION(ALIGHT SOLUTION)$6.90M1.30%
    PERATON CORP$6.90M1.30%
    Ssb Loc Overnight Libor Facility$-209.00M-39.53%
    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income7.90%
    France - Fixed Income0.70%
    Canada - Fixed Income0.25%
    United States - Equity0.13%
    United Kingdom - Fixed Income0.11%
    Others - Fixed Income0.04%
    Netherlands - Fixed Income0.04%
    Israel - Fixed Income0.02%
    Germany - Fixed Income0.01%
    Belgium - Fixed Income0.01%
    Japan - Fixed Income0.01%
    Brazil - Fixed Income0.01%
    Italy - Fixed Income0.01%
    Ireland - Fixed Income0.01%
    Australia - Fixed Income0.01%
    China - Fixed Income0.00%
    Switzerland - Fixed Income0.00%
    Spain - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Singapore - Equity0.00%
    Norway - Fixed Income0.00%
    Finland - Fixed Income0.00%
    Sweden - 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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