What is the expense ratio of FRBBX?

Flat Rock Enhanced Income Fund (FRBBX) charges an expense ratio of 3.55%. This is the annual fee deducted from fund assets to cover management and operations.

What is FRBBX's dividend yield?

FRBBX's trailing-twelve-month yield is 8.87%, calculated from the sum of dividends over the past year divided by the current price.

Flat Rock Enhanced Income Fund (FRBBX) manages $649.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FRBBX actively managed or an index fund?

FRBBX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FRBBX launched?

Flat Rock Enhanced Income Fund (FRBBX) launched in April 2023 and is managed by the fund issuer.

FRBBX

Flat Rock Enhanced Income Fund

NASDAQ·Asset Management · Financial Services

$21.56$0.01+0.05%

Aug 25 12:06 PM UTC

Price Chart

$21.56+$0.01 (+0.05%)today

+7.10%CAGR +2.02%

Select date range

FromTo

Mar 22, 2023Mar 22, 2023 → Aug 25, 2026· 3.4 yrsAug 25, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$1.92

Distribution Yield (FWD)8.91%

Annual Distribution (TTM)$1.91

Distribution Yield (TTM)8.87%

Distribution Growth (5Y)—

FrequencyMonthly

Most Recent$0.16

Ex-Dividend DateJul 29

Payment DateJul 29

Cost & RiskExpenses Tab

Expense Ratio3.55%

Cost per 10k Invested$355

AUM$649.35M

Avg Daily Volume—

Price$21.56

NAV$21.56

Premium / Discount+0.00%

52-Week Range$21.35 – $22.06

Beta0.06

Fund Overview

Continuously offered, non-diversified, closed-end interval fund. Seeks current income with secondary objective of long-term capital appreciation. Invests primarily in junior debt tranches of CLOs initially rated 'BB', which hold diversified pools of senior secured, below-investment-grade loans. Provides exposure to a large number of middle market loans. Shares are not publicly traded; liquidity provided through quarterly repurchase offers.

Cost Verdict

Is FRBBX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Equity
Strategy: Thematic
Inception: April 17, 2023
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US3385821091
CUSIP: 338582109
Website: flatrockglobal.com/flat-rock-enhanced-income-fund-frbbx/

Latest News

News Tab

No recent news available.

Frequently Asked Questions About FRBBX

What does FRBBX invest in?: Continuously offered, non-diversified, closed-end interval fund. Seeks current income with secondary objective of long-term capital appreciation. Invests primarily in junior debt tranches of CLOs initially rated 'BB', which hold diversified pools of senior secured, below-investment-grade loans. Provides exposure to a large number of middle market loans. Shares are not publicly traded; liquidity provided through quarterly repurchase offers.
What is the expense ratio of FRBBX?: Flat Rock Enhanced Income Fund (FRBBX) charges an expense ratio of 3.55%. This is the annual fee deducted from fund assets to cover management and operations.
What is FRBBX's dividend yield?: FRBBX's trailing-twelve-month yield is 8.87%, calculated from the sum of dividends over the past year divided by the current price.
How big is FRBBX?: Flat Rock Enhanced Income Fund (FRBBX) manages $649.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is FRBBX actively managed or an index fund?: FRBBX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
When was FRBBX launched?: Flat Rock Enhanced Income Fund (FRBBX) launched in April 2023 and is managed by the fund issuer.