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Trending ETFs

Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.68

$3.75 B

8.42%

$0.82

0.62%

Vitals

YTD Return

4.2%

1 yr return

9.9%

3 Yr Avg Return

5.5%

5 Yr Avg Return

4.9%

Net Assets

$3.75 B

Holdings in Top 10

13.7%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.68

$3.75 B

8.42%

$0.82

0.62%

BFRKX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.68%
DIVIDENDS
  • Dividend Yield 8.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Floating Rate Income Portfolio
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 17, 2018
  • Shares Outstanding
    216945621
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Keenan

Fund Description

The Fund normally invests at least 80% of its assets in floating rate investments and investments that are the economic equivalent of floating rate investments, which effectively enables the Fund to achieve a floating rate of income. These investments may include, but are not limited to, any combination of the following securities: (i) senior secured floating rate loans or debt; (ii) second lien or other subordinated or unsecured floating rate loans or debt; and (iii) fixed-rate loans or debt with respect to which the Fund has entered into derivative instruments to effectively convert the fixed-rate interest payments into floating rate interest payments. The Fund may also purchase, without limitation, participations or assignments in senior floating rate loans or second lien floating rate loans.
For purposes of the Fund’s investments, the term debt includes investments in convertible or preferred securities.
The Fund may invest in investments of any credit quality without limitation, including investments rated below investment grade. The Fund anticipates that, under current market conditions, a substantial portion of its portfolio will consist of leveraged loans rated below investment grade and similar investments. These investments are expected to exhibit credit risks similar to high yield securities, which are commonly referred to as “junk bonds.”
The Fund may invest up to 20% of its assets in fixed income securities with respect to which the Fund has not entered into derivative instruments to effectively convert the fixed-rate interest payments into floating-rate interest payments. Such fixed income securities include, but are not limited to, corporate bonds, preferred securities, convertible securities, mezzanine investments, collateralized loan obligations, senior loans, second lien loans, structured products and U.S. government debt securities.
The Fund’s investments in any floating rate and fixed income securities may be of any duration or maturity. The Fund may invest in securities of foreign issuers, including issuers located in emerging markets, without limitation. The Fund may also invest up to 15% of its net assets in illiquid investments.
The Fund may also invest in companies whose financial condition is uncertain, where the borrower has defaulted in the payment of interest or principal or in the performance of its covenants or agreements, or that may be involved in bankruptcy proceedings, reorganizations or financial restructurings.
The Fund may invest up to 10% of its assets in common stocks or other equity securities. In addition, the Fund may acquire and hold such securities (or rights to acquire such securities) in unit offerings with fixed income securities, in connection with an amendment, waiver, conversion or exchange of fixed income securities, in connection with the bankruptcy or workout of a distressed fixed income security, or upon the exercise of a right or warrant obtained on account of a fixed income security.
The Fund may buy or sell options or futures on a security or an index of securities, buy or sell options on futures or enter into credit default swaps and interest rate or foreign currency transactions, including swaps and forward contracts (collectively, commonly known as derivatives). The Fund may use derivatives for hedging purposes, but is not required to, as well as to increase the total return on its portfolio investments.
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BFRKX - Performance

Return Ranking - Trailing

Period BFRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -96.4% 6.5% 27.74%
1 Yr 9.9% -96.3% 15.2% 56.57%
3 Yr 5.5%* -67.0% 8.3% 19.54%
5 Yr 4.9%* -47.8% 37.6% 15.38%
10 Yr N/A* -2.2% 19.3% 34.13%

* Annualized

Return Ranking - Calendar

Period BFRKX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -12.0% 11.1% 45.45%
2022 -5.3% -22.9% 5.1% 8.58%
2021 0.7% -12.2% 11.1% 70.50%
2020 -1.7% -14.1% 289.8% 25.60%
2019 3.6% -8.1% 7.5% 23.14%

Total Return Ranking - Trailing

Period BFRKX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -96.4% 6.5% 27.74%
1 Yr 9.9% -96.3% 15.2% 56.57%
3 Yr 5.5%* -67.0% 8.3% 19.54%
5 Yr 4.9%* -47.8% 37.6% 15.38%
10 Yr N/A* -2.2% 19.3% 32.06%

* Annualized

Total Return Ranking - Calendar

Period BFRKX Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -12.0% 22.1% 48.36%
2022 -0.1% -22.9% 5.1% 5.60%
2021 4.6% -10.2% 11.1% 56.32%
2020 2.9% -14.1% 306.9% 21.20%
2019 8.4% -3.6% 10.5% 30.58%

NAV & Total Return History


BFRKX - Holdings

Concentration Analysis

BFRKX Category Low Category High BFRKX % Rank
Net Assets 3.75 B 29.9 M 13.5 B 13.96%
Number of Holdings 459 2 1848 26.22%
Net Assets in Top 10 513 M -191 M 2.48 B 17.60%
Weighting of Top 10 13.68% 5.2% 100.8% 56.39%

Top 10 Holdings

  1. BlackRock Liquidity Funds, T-Fund, Institutional Class 6.34%
  2. Cloud Software Group, Inc., 1st Lien Term Loan B 1.05%
  3. Sunshine Luxembourg VII SARL, Facility Term Loan B3 0.90%
  4. Alliant Holdings Intermediate LLC, Term Loan B6 0.87%
  5. Medline Borrower LP, Term Loan 0.78%
  6. Polaris Newco LLC, 1st Lien Term Loan 0.77%
  7. Naked Juice LLC, 1st Lien Term Loan 0.76%
  8. Zayo Group Holdings, Inc., Term Loan 0.75%
  9. Connect Finco SARL, Term Loan 0.74%
  10. Fertitta Entertainment LLC, Term Loan B 0.70%

Asset Allocation

Weighting Return Low Return High BFRKX % Rank
Bonds
95.09% 0.00% 161.82% 52.81%
Cash
6.70% -61.90% 20.29% 32.58%
Stocks
0.19% 0.00% 100.78% 77.90%
Other
0.17% -52.39% 26.58% 38.20%
Convertible Bonds
0.07% 0.00% 5.51% 40.75%
Preferred Stocks
0.06% -3.99% 6.22% 23.60%

Stock Sector Breakdown

Weighting Return Low Return High BFRKX % Rank
Energy
74.60% 0.00% 100.00% 14.78%
Industrials
24.75% 0.00% 100.00% 7.83%
Consumer Cyclical
0.34% 0.00% 97.66% 27.83%
Technology
0.31% 0.00% 100.00% 13.91%
Utilities
0.00% 0.00% 100.00% 60.87%
Real Estate
0.00% 0.00% 48.61% 52.17%
Healthcare
0.00% 0.00% 100.00% 52.17%
Financial Services
0.00% 0.00% 89.61% 53.04%
Communication Services
0.00% 0.00% 100.00% 79.13%
Consumer Defense
0.00% 0.00% 100.00% 62.61%
Basic Materials
0.00% 0.00% 1.36% 52.17%

Stock Geographic Breakdown

Weighting Return Low Return High BFRKX % Rank
US
0.19% -0.01% 100.78% 76.03%
Non US
0.00% 0.00% 0.68% 62.55%

Bond Sector Breakdown

Weighting Return Low Return High BFRKX % Rank
Corporate
89.08% 0.00% 99.80% 54.34%
Cash & Equivalents
6.70% 0.00% 25.03% 29.59%
Derivative
0.17% -11.50% 1.00% 23.60%
Securitized
0.00% 0.00% 91.68% 76.60%
Municipal
0.00% 0.00% 0.47% 54.34%
Government
0.00% 0.00% 3.18% 63.40%

Bond Geographic Breakdown

Weighting Return Low Return High BFRKX % Rank
US
94.84% 0.00% 143.64% 33.71%
Non US
0.25% 0.00% 63.23% 47.94%

BFRKX - Expenses

Operational Fees

BFRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.03% 12.26% 96.35%
Management Fee 0.49% 0.00% 1.89% 12.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.02% 0.27% 21.11%

Sales Fees

BFRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

BFRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BFRKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 4.00% 180.00% 35.32%

BFRKX - Distributions

Dividend Yield Analysis

BFRKX Category Low Category High BFRKX % Rank
Dividend Yield 8.42% 0.00% 11.13% 84.00%

Dividend Distribution Analysis

BFRKX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

BFRKX Category Low Category High BFRKX % Rank
Net Income Ratio 3.68% 1.77% 9.82% 44.27%

Capital Gain Distribution Analysis

BFRKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BFRKX - Fund Manager Analysis

Managers

James Keenan


Start Date

Tenure

Tenure Rank

Jul 07, 2010

11.91

11.9%

Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team from 2006 to 2007;Prior to joining BlackRock in 2004, He was a senior high yield trader at Columbia Management Group from 2003 to 2004. Mr. Keenan began his investment career at UBS Global Asset Management where he held roles as a trader, research analyst and a portfolio analyst from 1998 through 2003. Mr. Keenan holds the Chartered Financial Analyst designation.

Mitchell Garfin


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.

Carly Wilson


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

Carly Wilson, Director, is a portfolio manager on the Global Long Short Credit team. Before this role, she was a portfolio manager on the Leveraged Finance Credit Team responsible for managing Bank Loan strategies. Prior to joining BlackRock in 2009, Ms. Wilson was an Associate and trader in the US Leveraged Loans group at R3 Capital Partners. Previously, she was with Lehman Brothers for four years, most recently in the Global Principal Strategies team. Earlier, she was in Lehman Brothers' Equity and Capital Structure Arbitrage Group. Ms. Wilson earned a BS degree in economics from the University of Pennsylvania Wharton School of Business in 2004.

Matthew Maxwell


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

Director of BlackRock, Inc. since 2016; Executive Director at Morgan Stanley from 2014 to 2016; Vice President at Morgan Stanley from 2011 to 2014.

Abigail Apistolas


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

Vice President of BlackRock, Inc. since 2018;; Associate of BlackRock, Inc. since 2016; Associate at Morgan Stanley from 2014 to 2016; Analyst at Morgan Stanley from 2012 to 2014.

David Delbos


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

Managing Director of BlackRock, Inc. since 2012; Director of BlackRock, Inc. from 2007 to 2011; Vice President of BlackRock, Inc. from 2005 to 2006.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.03 3.25