Floating Rate Income Strategies Fund
INVESTMENT APPROACHBlackRock Floating Rate Income Strategies Fund, Inc.’s (FRA) (the 'Fund') investment objective is to provide shareholders 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. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its 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 (such as the last day of a month or calendar quarter). The Fund invests a substantial portion of its investments in floating rate debt securities consisting of secured or unsecured senior floating rate loans that are rated below investment grade. The Fund may invest directly in such securities or synthetically through the use of derivatives.
No assurance can be given that the Fund's investment objective will be achieved.
|Total Return (%)||6.45||9.97||10.47||5.68||5.57|
|Market Price Total Return (%)||1.33||9.11||9.98||4.73||4.39|
|Total Return (%)||3.34||0.36||6.45||33.00||64.53||73.75||79.85|
|Market Price Total Return (%)||1.00||-0.14||1.33||29.88||60.89||58.79||59.24|
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Past distributions are not indicative of future distributions.
as of 29-Aug-2014
|FIRST DATA CORPORATION||2.33|
|LA QUINTA INTERMEDIATE HOLDINGS LLC||1.86|
|LEVEL 3 FINANCING INC||1.81|
|DAVITA HEALTHCARE PARTNERS INC||1.67|
|GATES GLOBAL LLC||1.51|
Allocations are subject to change.