- What does FROPX invest in?
- Continuously offered, non-diversified, closed-end interval fund. Primary objective is current income with secondary objective of long-term capital appreciation. Invests primarily in equity and junior debt tranches of CLOs, which hold diversified pools of senior secured loans made to below-investment-grade companies. Designed for long-term investors tolerant of limited liquidity and leveraged credit risk exposure.
- What is the expense ratio of FROPX?
- Flat Rock Opportunity Fund (FROPX) charges an expense ratio of 4.69%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is FROPX?
- Flat Rock Opportunity Fund (FROPX) manages $420.4M 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 FROPX actively managed or an index fund?
- FROPX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was FROPX launched?
- Flat Rock Opportunity Fund (FROPX) launched in April 2023 and is managed by the fund issuer.
- How has FROPX performed?
- FROPX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
