BlackRock Floating Rate Income Strategies Fund, Inc.

Frequently Asked Questions About FRA

What does FRA invest in?

BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are rated below investment grade. BlackRock Floating Rate Income Strategies Fund, Inc. was formed on October 31, 2003 and is domiciled in the United States.

What is the expense ratio of FRA?

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) charges an expense ratio of 2.64%. This is the annual fee deducted from fund assets to cover management and operations.

What is FRA's dividend yield?

FRA's trailing-twelve-month yield is 15.00%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FRA?

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

What is the credit quality of FRA?

FRA'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 FRA?

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