BlackRock Floating Rate Income Fund (BFRAX)
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. It may also purchase, without limitation, participations or assignments in senior floating rate loans or second lien floating rate loans.
Expense Ratio
BFRAX has an expense ratio of 0.90%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
BlackRock Floating Rate Income Fund (BFRAX) returned 0.64% year-to-date (YTD) and 5.44% over the past 12 months. Over the past 10 years, BFRAX returned 4.25% annually, underperforming the S&P 500 benchmark at 10.46%.
BFRAX
0.64%
2.39%
1.75%
5.44%
6.93%
4.25%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of BFRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.67% | -0.01% | -0.58% | 0.14% | 0.42% | 0.64% | |||||||
| 2024 | 0.51% | 0.91% | 0.21% | 1.20% | 0.78% | 0.25% | 0.68% | 0.58% | 0.66% | 0.74% | 0.81% | 0.39% | 7.99% |
| 2023 | 2.54% | 0.30% | 0.28% | 0.99% | -0.30% | 2.35% | 1.13% | 0.93% | -0.21% | 0.59% | 1.36% | 1.80% | 12.35% |
| 2022 | 0.14% | -0.56% | 0.09% | -0.32% | -2.24% | -2.61% | 2.81% | 1.19% | -2.16% | 1.31% | 1.44% | 0.40% | -0.67% |
| 2021 | 0.68% | 0.55% | -0.03% | 0.36% | 0.59% | 0.27% | -0.13% | 0.36% | 0.58% | 0.16% | -0.27% | 0.66% | 3.83% |
| 2020 | 0.25% | -1.67% | -10.41% | 4.27% | 3.09% | 0.62% | 1.91% | 1.01% | 0.59% | 0.00% | 2.28% | 1.11% | 2.30% |
| 2019 | 2.52% | 1.60% | -0.28% | 1.52% | -0.39% | 0.29% | 0.92% | -0.12% | 0.56% | -0.33% | 0.64% | 1.35% | 8.57% |
| 2018 | 0.84% | 0.01% | 0.15% | 0.35% | 0.08% | -0.04% | 0.67% | 0.37% | 0.55% | -0.13% | -0.91% | -2.70% | -0.79% |
| 2017 | 0.52% | 0.38% | 0.02% | 0.31% | 0.41% | -0.09% | 0.82% | -0.16% | 0.30% | 0.62% | -0.07% | 0.33% | 3.45% |
| 2016 | -0.28% | -0.61% | 2.07% | 1.43% | 0.75% | -0.26% | 1.24% | 0.64% | 0.64% | 0.44% | 0.33% | 1.01% | 7.65% |
| 2015 | 0.35% | 1.38% | 0.43% | 0.61% | 0.14% | -0.23% | 0.36% | -0.46% | -0.58% | 0.11% | -0.69% | -0.68% | 0.73% |
| 2014 | 0.49% | 0.09% | 0.31% | 0.01% | 0.70% | 0.52% | -0.21% | 0.19% | -0.77% | 0.40% | 0.58% | -1.09% | 1.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, BFRAX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
BlackRock Floating Rate Income Fund provided a 7.45% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.77 | $0.80 | $0.46 | $0.31 | $0.37 | $0.46 | $0.44 | $0.39 | $0.40 | $0.40 | $0.43 |
Dividend yield | 7.45% | 7.98% | 8.26% | 4.85% | 3.15% | 3.73% | 4.63% | 4.52% | 3.79% | 3.91% | 4.02% | 4.17% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Floating Rate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.21 | |||||||
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.77 |
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.80 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.46 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.46 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.40 |
| 2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Floating Rate Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Floating Rate Income Fund was 20.61%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current BlackRock Floating Rate Income Fund drawdown is 0.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.61% | Jan 16, 2020 | 46 | Mar 23, 2020 | 161 | Nov 9, 2020 | 207 |
| -6.09% | Jan 24, 2022 | 112 | Jul 5, 2022 | 131 | Jan 10, 2023 | 243 |
| -6.06% | May 5, 2011 | 78 | Aug 24, 2011 | 102 | Jan 20, 2012 | 180 |
| -4.2% | Oct 10, 2018 | 54 | Dec 27, 2018 | 42 | Feb 28, 2019 | 96 |
| -3.74% | Aug 4, 2015 | 141 | Feb 24, 2016 | 46 | Apr 29, 2016 | 187 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...