BlackRock Floating Rate Income Trust (BGT)

• Market cap: $288M
• 1 day: 0.24%
• 5 days: 1.04%
• 1 month: -0.55%
• 3 months: -4.08%
• 6 months: -0.63%
• Year to date: -1.86%
• 1 year: -2.53%
• 5 years: 4.88%
• 10 years: -6.21%

About: Blackrock Floating Rate Income Trust is a closed-end management investment company. Its investment objective is to provide a high level of current income. The company's secondary investment objective is to seek the preservation of capital. The Trust seeks to achieve its investment objectives by investing mainly, under normal conditions, at least 80% of its assets in floating and variable rate instruments of U.S. and non-U.S. issuers, including a substantial portion of its assets in floating and variable rate securities including senior secured floating rate loans made to corporate and other business entities.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

5% more funds holding

Funds holding: 55 [Q3] → 58 (+3) [Q4]

1.4% more ownership

Funds ownership: 25.52% [Q3] → 26.92% (+1.4%) [Q4]

5% more capital invested

Capital invested by funds: $74.3M [Q3] → $77.9M (+$3.6M) [Q4]

38% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 24