Fixed Income

BGT

Floating Rate Income Trust

  • NAV as of May 09, 2024 $12.89
    52 WK: 12.48 - 12.95
  • Morningstar Rating
  • NAV Total Return as of: Mar 31, 2024 YTD: 2.70%
  • Distribution Rate as of May 09, 2024 10.84%
  • Market Price as of May 09, 2024 $13.32
  • Market Price Total Return as of: Mar 31, 2024 YTD: 7.85%
  • Premium Discount as of May 09, 2024 3.34%

Overview

Investment Approach

BlackRock Floating Rate Income Trust’s (BGT) (the 'Trust') primary investment objective is to provide a high level of current income. The Trust’s secondary investment objective is to seek the preservation of capital. The Trust seeks to achieve its investment objectives by investing primarily, under normal conditions, at least 80% of its assets in floating and variable rate instruments of US and non-US issuers, including a substantial portion of its assets in global floating and variable rate securities including senior secured floating rate loans made to corporate and other business entities. Under normal market conditions, the Trust expects that the average effective duration of its portfolio will be no more than 1.5 years. The Trust may invest directly in such securities or synthetically through the use of derivatives.

No assurance can be given that the Trust’s investment objective will be achieved.

INCOME THAT SEEKS TO KEEP UP WITH INTEREST RATES

Unlike traditional bonds, floating rate loans provide income that adjusts with rates

A POWERFUL DIVERSIFIER

May serve as a hedge against rates and inflation with a low correlation to core bonds


THE FUND SEEKS ATTRACTIVE INCOME & RETURNS

The fund seeks to offer attractive income and total return in diverse markets


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