Filter list by keyword
Show More
Show Less
to
of
Total
Sorry, no data available.
FRA
Floating Rate Income Strategies Fund
Fixed Income
You can trade this ETF now.
FRA
Floating Rate Income Strategies Fund
- Market Price as of Sep 25, 2023 $12.63
- 1 Day Price Change as of Sep 25, 2023 -0.01 (-0.08%)
- Distribution Rate as of Sep 22, 2023 11.11%
- Premium Discount as of Sep 25, 2023 -4.61%
Overview
Investment Approach
BlackRock 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.
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
Performance
Performance
Growth of Hypothetical $10,000
Performance chart data not available for display.
NAV
Market Price
Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The Growth of Hypothetical $10,000 chart reflects a hypothetical $10,000 investment in the fund. The chart uses NAV performance or market price performance and assumes reinvestment of dividends and capital gains. The chart assumes Fund expenses, including management fees and other expenses were deducted. The starting NAV for the NAV performance chart reflects a deduction of the sales charge from the initial public offering price.
Source: Lipper. Data reflects different methodology from the BlackRock calculated returns in the Returns tab. The $10,000 Hypothetical Over Time chart reflects a hypothetical $10,000 investment in the investor class of shares noted and does not assume the max sales charge. Had sales charge been included, returns would have been lower. The chart uses market price performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted. Performance for other share classes will vary.