Blackrock Floating Rate Fund Quote
| BFRAX Fund | USD 9.70 0.01 0.10% |
Performance18 of 100
| Odds Of DistressLess than 16
|
Blackrock Floating is trading at 9.70 as of the 29th of November 2024; that is 0.10% up since the beginning of the trading day. The fund's open price was 9.69. Blackrock Floating has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Blackrock Floating Rate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2024 and ending today, the 29th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its assets in floating rate investments and investments that are the economic equivalent of floating rate investments, which effectively enables the fund to achieve a floating rate of income. It may also purchase, without limitation, participations or assignments in senior floating rate loans or second lien floating rate loans.. More on Blackrock Floating Rate
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Blackrock Mutual Fund Highlights
| Fund Concentration | BlackRock Funds, Large Value Funds, Bank Loan Funds, Bank Loan, BlackRock (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 29th of December 2022 |
| Fiscal Year End | August |
Blackrock Floating Rate [BFRAX] is traded in USA and was established 29th of November 2024. Blackrock Floating is listed under BlackRock category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of BlackRock family. This fund currently has accumulated 4.21 B in assets under management (AUM) with no minimum investment requirementsBlackrock Floating Rate is currently producing year-to-date (YTD) return of 7.5% with the current yeild of 0.08%, while the total return for the last 3 years was 6.28%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Blackrock Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Blackrock Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Blackrock Floating Rate Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Blackrock Floating Rate Mutual Fund Constituents
| BKLN | Invesco Senior Loan | Etf | Bank Loan | |
| HYG | iShares iBoxx High | Etf | High Yield Bond | |
| JNK | SPDR Bloomberg High | Etf | High Yield Bond | |
| LQD | iShares iBoxx Investment | Etf | Corporate Bond | |
| SJNK | SPDR Bloomberg Short | Etf | High Yield Bond |
Blackrock Floating Rate Risk Profiles
| Mean Deviation | 0.076 | |||
| Standard Deviation | 0.1427 | |||
| Variance | 0.0204 | |||
| Downside Variance | 0.013 |
Blackrock Floating Against Markets
Other Information on Investing in Blackrock Mutual Fund
Blackrock Floating financial ratios help investors to determine whether Blackrock Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackrock with respect to the benefits of owning Blackrock Floating security.
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