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.
Fund Info
ISIN | US09260B7709 |
---|---|
CUSIP | 09260B770 |
Issuer | BlackRock |
Inception Date | Nov 2, 1989 |
Category | Bank Loan |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
BFRAX has a high expense ratio of 0.90%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BFRAX vs. SRLN, BFRAX vs. FLBL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Floating Rate Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Floating Rate Income Fund had a return of 2.96% year-to-date (YTD) and 11.52% in the last 12 months. Over the past 10 years, BlackRock Floating Rate Income Fund had an annualized return of 3.98%, while the S&P 500 had an annualized return of 10.71%, indicating that BlackRock Floating Rate Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.96% | 8.76% |
1 month | 0.69% | -0.28% |
6 months | 5.79% | 18.36% |
1 year | 11.52% | 25.94% |
5 years (annualized) | 4.73% | 12.51% |
10 years (annualized) | 3.98% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.51% | 0.91% | 0.21% | 1.20% | ||||||||
2023 | 0.57% | 1.36% | 1.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BFRAX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BFRAX (BlackRock Floating Rate Income Fund)
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.
Dividends
Dividend History
BlackRock Floating Rate Income Fund granted a 8.50% dividend yield in the last twelve months. The annual payout for that period amounted to $0.83 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.83 | $0.80 | $0.46 | $0.31 | $0.37 | $0.46 | $0.44 | $0.39 | $0.40 | $0.40 | $0.43 | $0.40 |
Dividend yield | 8.50% | 8.25% | 4.84% | 3.15% | 3.79% | 4.62% | 4.56% | 3.79% | 3.91% | 4.02% | 4.17% | 3.82% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.07 | $0.07 | $0.07 | $0.07 | ||||||||
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 |
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 |
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 |
2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
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 |
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 |
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 |
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 |
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 |
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 |
2013 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 20.62%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-20.62% | Jan 16, 2020 | 46 | Mar 23, 2020 | 161 | Nov 9, 2020 | 207 |
-6.1% | Jan 24, 2022 | 112 | Jul 5, 2022 | 131 | Jan 10, 2023 | 243 |
-6.06% | May 5, 2011 | 78 | Aug 24, 2011 | 101 | Jan 19, 2012 | 179 |
-4.17% | 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 current BlackRock Floating Rate Income Fund volatility is 0.75%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.