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 features an expense ratio of 0.90%, falling within the medium range.
Share Price Chart
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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 0.10% year-to-date (YTD) and 8.10% in the last 12 months. Over the past 10 years, BlackRock Floating Rate Income Fund had an annualized return of 4.48%, while the S&P 500 had an annualized return of 11.24%, indicating that BlackRock Floating Rate Income Fund did not perform as well as the benchmark.
BFRAX
0.10%
0.40%
3.92%
8.10%
5.03%
4.48%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.51% | 0.91% | 0.21% | 1.20% | 0.78% | 0.25% | 0.68% | 0.58% | 0.66% | 0.74% | 0.81% | 0.40% | 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% | -0.31% | -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% | 0.81% | -0.16% | 0.30% | 0.62% | -0.07% | 0.33% | 3.45% |
| 2016 | -0.28% | -0.61% | 2.08% | 1.43% | 0.75% | -0.26% | 1.24% | 0.64% | 0.64% | 0.44% | 0.33% | 1.02% | 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 98, BFRAX is among the top 2% 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.
Dividends
Dividend History
BlackRock Floating Rate Income Fund provided a 7.97% dividend yield over the last twelve months, with an annual payout of $0.77 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.80 | $0.46 | $0.31 | $0.37 | $0.46 | $0.44 | $0.39 | $0.40 | $0.40 | $0.43 |
Dividend yield | 7.97% | 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 | $0.00 | $0.00 | |||||||||||
| 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.
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 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.61% | Jan 21, 2020 | 44 | Mar 23, 2020 | 161 | Nov 9, 2020 | 205 |
| -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 current BlackRock Floating Rate Income Fund volatility is 0.66%, 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.