BlackRock Floating Rate Income Fund

Frequently Asked Questions About BFRKX

What does BFRKX invest in?

This fund typically allocates a minimum of 80% of its capital to investments with floating interest rates, or those designed to mimic such rates economically, with the primary goal of generating a variable income stream. Furthermore, it possesses the unrestricted ability to acquire participations or assignments tied to either senior or second lien floating rate loans.

What is the expense ratio of BFRKX?

BlackRock Floating Rate Income Fund (BFRKX) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

What is BFRKX's dividend yield?

BFRKX's trailing-twelve-month yield is 6.52%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BFRKX?

Effective duration measures BFRKX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BFRKX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BFRKX?

BFRKX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BFRKX?

Yield to maturity (YTM) is the total return you'd earn from BFRKX if every bond in the portfolio is held to maturity at the current price. BFRKX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.