BlackRock Floating Rate Income Trust

Frequently Asked Questions About BGT

What does BGT invest in?

BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years.

What is the expense ratio of BGT?

BlackRock Floating Rate Income Trust (BGT) charges an expense ratio of 2.13%. This is the annual fee deducted from fund assets to cover management and operations.

What is BGT's dividend yield?

BGT's trailing-twelve-month yield is 13.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BGT?

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

What is the credit quality of BGT?

BGT'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 BGT?

Yield to maturity (YTM) is the total return you'd earn from BGT if every bond in the portfolio is held to maturity at the current price. BGT'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.