BlackRock Floating Rate Income Strategies Fund Inc (FRA)

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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.

BlackRock Floating Rate Income Strategies Fund Inc (FRA) has returned -3.38% so far this year and -3.81% over the past 12 months. Over the last ten years, FRA has returned 6.61% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 29, 2003, FRA's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +13.2%, while the worst month was Sep 2008 at -23.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FRA closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +21.7%, while the worst single day was Mar 18, 2020 at -23.6%.

BlackRock Floating Rate Income Strategies Fund Inc has an annualized alpha of 2.24%, beta of 0.41, and R² of 0.22 versus S&P 500 Index. Calculated based on daily prices since October 30, 2003.

• This fund participated in 55.31% of S&P 500 Index downside but only 49.00% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.41 may look defensive, but with R² of 0.22 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.22 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FRA has a high expense ratio of 2.17%, indicating above-average management fees.

FRA ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for BlackRock Floating Rate Income Strategies Fund Inc (FRA) and compare them to a chosen benchmark (S&P 500 Index).

BlackRock Floating Rate Income Strategies Fund Inc provided a 13.49% dividend yield over the last twelve months, with an annual payout of $1.49 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 51.43%, occurring on Dec 15, 2008. Recovery took 278 trading sessions.

The current BlackRock Floating Rate Income Strategies Fund Inc drawdown is 11.62%.

The chart below shows the rolling one-month volatility.