BlackRock Floating Rate Income Strategies Fund Inc (FRA)
The BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) aims to provide investors with high current income and capital preservation by primarily investing in floating rate debt securities, including those that are below investment grade, either directly or through derivatives.
Fund Info
US09255X1000
09255X100
Oct 29, 2003
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 Strategies Fund Inc, 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 Strategies Fund Inc had a return of 21.75% year-to-date (YTD) and 30.28% in the last 12 months. Over the past 10 years, BlackRock Floating Rate Income Strategies Fund Inc had an annualized return of 7.90%, while the S&P 500 had an annualized return of 11.21%, indicating that BlackRock Floating Rate Income Strategies Fund Inc did not perform as well as the benchmark.
FRA
21.75%
1.85%
11.62%
30.28%
10.72%
7.90%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of FRA, 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 | 0.29% | 2.74% | 1.99% | 1.57% | 1.41% | 0.03% | 5.78% | -2.83% | 2.11% | 5.20% | 21.75% | ||
| 2023 | 6.86% | 1.00% | -1.44% | 2.42% | -0.48% | 5.38% | 2.94% | 1.68% | 1.57% | -5.61% | 2.77% | 6.47% | 25.46% |
| 2022 | 1.19% | -2.62% | -0.63% | -4.58% | -4.62% | -2.24% | 8.07% | -0.95% | -8.19% | 4.11% | 5.45% | -4.88% | -10.58% |
| 2021 | 2.64% | 3.84% | 1.77% | -0.26% | 0.91% | 2.85% | 0.12% | 2.03% | 0.20% | 1.62% | 1.09% | -0.19% | 17.85% |
| 2020 | 0.22% | -6.59% | -19.37% | 8.69% | 4.38% | 0.63% | 2.96% | 3.24% | -1.22% | -0.73% | 6.97% | 1.62% | -2.36% |
| 2019 | 5.38% | 3.64% | -2.80% | 3.20% | 0.70% | 0.39% | 0.47% | -2.27% | 1.84% | 1.35% | 2.28% | 5.27% | 20.86% |
| 2018 | 3.12% | 2.41% | 0.63% | 0.56% | -2.27% | -1.41% | -0.69% | 0.91% | 0.40% | -5.49% | -1.82% | -4.55% | -8.25% |
| 2017 | 1.39% | 1.30% | -1.28% | 0.15% | 0.28% | -2.01% | 2.00% | -0.97% | 2.29% | 0.08% | -2.51% | 0.15% | 0.76% |
| 2016 | -2.79% | -1.98% | 7.38% | 1.78% | 1.45% | -1.20% | 3.44% | 1.64% | 1.62% | -0.14% | 1.25% | 5.24% | 18.68% |
| 2015 | -0.60% | 4.43% | 0.99% | 1.06% | -1.38% | -0.98% | -0.47% | -2.87% | 0.52% | 1.17% | -0.99% | 1.54% | 2.25% |
| 2014 | 0.34% | 0.80% | -0.41% | -0.13% | 0.28% | 1.88% | -1.51% | -0.21% | -0.91% | -1.80% | -0.53% | -0.56% | -2.77% |
| 2013 | 4.16% | 4.94% | -1.42% | -1.14% | 0.23% | -1.98% | 0.88% | -3.26% | -0.36% | 0.92% | -1.71% | 1.53% | 2.49% |
Expense Ratio
FRA has a high expense ratio of 2.17%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FRA is 88, placing it in the top 12% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) 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 Strategies Fund Inc provided a 10.71% dividend yield over the last twelve months, with an annual payout of $1.49 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.49 | $1.32 | $0.78 | $0.80 | $0.92 | $0.87 | $0.82 | $0.73 | $0.81 | $0.79 | $0.83 | $0.93 |
Dividend yield | 10.71% | 10.44% | 6.89% | 5.99% | 7.63% | 6.48% | 6.92% | 5.31% | 5.65% | 6.15% | 6.23% | 6.37% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Floating Rate Income Strategies Fund Inc. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.36 | |
| 2023 | $0.08 | $0.08 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $1.32 |
| 2022 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.78 |
| 2021 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.80 |
| 2020 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.13 | $0.92 |
| 2019 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.16 | $0.87 |
| 2018 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.19 | $0.82 |
| 2017 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 | $0.73 |
| 2016 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.20 | $0.81 |
| 2015 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.14 | $0.79 |
| 2014 | $0.00 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.83 |
| 2013 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.17 | $0.93 |
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 Strategies Fund Inc. 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 Strategies Fund Inc was 51.42%, occurring on Dec 15, 2008. Recovery took 278 trading sessions.
The current BlackRock Floating Rate Income Strategies Fund Inc drawdown is 1.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.42% | Jun 20, 2007 | 377 | Dec 15, 2008 | 278 | Jan 25, 2010 | 655 |
| -42.8% | Jan 23, 2020 | 39 | Mar 18, 2020 | 209 | Jan 14, 2021 | 248 |
| -21.87% | Jun 3, 2011 | 86 | Oct 4, 2011 | 229 | Aug 30, 2012 | 315 |
| -20.13% | Apr 27, 2010 | 18 | May 20, 2010 | 247 | May 12, 2011 | 265 |
| -18.63% | Feb 10, 2022 | 88 | Jun 16, 2022 | 261 | Jul 3, 2023 | 349 |
Volatility
Volatility Chart
The current BlackRock Floating Rate Income Strategies Fund Inc volatility is 3.41%, 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.