BlackRock Floating Rate Inc Strategies:FRA

    Manage Alerts

    Overview

    As of 2/23/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$12.61$13.18-4.32%
    52 Wk Avg$12.15$13.12-7.42%
    52 Wk High$12.96$13.33-1.75%
    52 Wk Low$11.11$12.80-12.86%
    Regular Distribution TypeManaged Distribution
    Distribution Rate11.66%
    Distribution Amount$0.1238
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is to provide stockholders with high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments (“floating rate debt securities”). The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its Managed Assets in floating rate debt securities, including floating or variable rate debt securities that pay interest at rates that adjust whenever a specified interest rate changes and/or which reset on predetermined dates.

    Capital Structure

    As of 2/23/2024

    Total Investment Exposure:$464.360M
    Total Common Assets:$464.360M
    Common Shares Outstanding:35,232,197
    Leverage

    As of 6/30/2023

    Preferred Share Assets:
    Total Debt (USD): $147.000M
    Regulatory Leverage (USD): $147.000M
    Effective Leverage (USD): $147.000M
    Effective Leverage (%): 24.10%
    Annual Expense Ratios

    As of 8/31/2023

      Per Common Share
    Management Fees1.07%
    Other Expenses:0.08%
    Baseline Expense: N/A
    Interest Expense:1.03%
    Total: 2.17%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    David Delbos, Carly Wilson, Abigail Parzanese

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: FRA
    NAV Ticker: XFRAX
    Average Daily Volume (shares): 145,557
    Average Daily Volume (USD): $1.766M
    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 2/23/2024

    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 6/30/2023
    $0.6039
    Annualized Distribution Rate on NAV:
    As of 2/23/2024
    11.29%
    Total Return on NAV (12 months):
    As of 2/23/2024
    11.45%
    Avg. Portfolio Coupon:
    As of 2/23/2024
    8.97%
    Total % Portfolio Effectively Leveraged:
    As of 2/23/2024
    24.10%

    Pricing Information

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

    As of 2/23/2024

    PeriodAvg Discount
    6 Month-6.19%
    1 Year-7.42%
    3 Year-6.86%
    5 Year-8.99%
    Z-Score

    As of 2/23/2024

    PeriodZStat
    3 Month0.73
    6 Month0.92
    1 Year1.35
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 1/31/2024
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.29%0.48%2.66%0.91%
    202325.40%14.57%18.44%14.27%
    2022-10.58%-1.85%-14.61%-6.12%
    202117.79%6.13%20.67%7.70%
    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%  
    201011.61%13.28%  
    200979.39%69.54%  
    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 1/31/2024
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 2/23/2024
    8.97%
    Number of Holdings:
    As of 9/30/2023
    466
    Annual Portfolio Turnover:
    As of 8/31/2023
    14.00%
    Asset Allocation

    As of 9/30/2023

    Top Sectors

    As of 9/30/2023

    Sector%Portfolio
    Corporate (Super Sector)96.23%
    Bank Loan90.32%
    Corporate Bond5.91%
    Asset Backed1.22%
    Securitized (Super Sector)1.22%
    Cash Equivalents0.55%
    Cash Equivalents (Super Sector)0.55%
    Derivative (Super Sector)0.04%
    Swap0.04%
    Future Forward0.01%
    Top Holdings

    As of 9/30/2023

    HoldingValue% Portfolio
    INMARSAT PLC / CONNECT US FINCO$6.46M1.37%
    INTERNET BRANDS(MH SUB I LLC)$6.21M1.32%
    REALPAGE INC$6.10M1.29%
    GALDERMA(SUNSHINE LUX)/NESTLE$6.00M1.27%
    DUFF & PHELPS / DEERFIELD DAKOTA H$5.97M1.27%
    PERATON CORP$5.62M1.19%
    iShares iBoxx $ High Yield Corp Bd ETF$5.16M1.09%
    Alight (Tempo Acquisition Llc)$4.77M1.01%
    HUB INTERNATIONAL LTD$4.60M0.97%
    Ssb Loc Overnight Libor Facility$-145.00M-30.74%
    Credit Quality

    As of 9/30/2023

    Maturity Breakdown

    As of 9/30/2023

    Country Allocation

    As of 9/30/2023

    Country% Portfolio
    United States - Fixed Income3.89%
    Others - Fixed Income0.32%
    United States - Equity0.10%
    Canada - Fixed Income0.05%
    United Kingdom - Fixed Income0.03%
    France - Fixed Income0.02%
    Israel - Fixed Income0.01%
    Netherlands - Fixed Income0.01%
    Italy - Fixed Income0.01%
    Australia - Fixed Income0.01%
    Ireland - Fixed Income0.01%
    Germany - Fixed Income0.01%
    Japan - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    Singapore - Equity0.00%
    Singapore - Fixed Income0.00%
    Austria - Fixed Income0.00%
    Sweden - 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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