BlackRock Floating Rate Income Strategies Fund
FRA

$13.07

0.15%

Market Cap: $460M

About: Blackrock Floating Rate Inc Stra Fd Inc is a United States-based diversified closed-ended management investment company. The Fund's investment objective is to provide shareholders with high current income and preservation of capital with investment in a diversified, leveraged portfolio consisting of floating-rate debt securities and instruments.

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 28

3.33% less ownership

Funds ownership: 23.12% [Q1] → 19.78% (-3.33%) [Q2]

9% less funds holding

Funds holding: 89 [Q1] → 81 (-8) [Q2]

19% less capital invested

Capital invested by funds: $111M [Q1] → $90.2M (-$20.8M) [Q2]

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

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Research analyst outlook

We haven’t received any recent analyst ratings for FRA.

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Financial journalist opinion

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FRA: Latest GDP Report Casts Doubt On Rate Cut Narrative

The BlackRock Floating Rate Income Strategies Fund offers a competitive yield of 11.06%, in line with its peers. The Fund has delivered a fairly impressive return over the past few months, but there are signs that it is now overvalued. The fund appears to be reducing the risk profile of its portfolio, which is a smart move given the potential for rising default rates.

FRA: Latest GDP Report Casts Doubt On Rate Cut Narrative

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Funds previously declared their June distributions on May 20, 2024 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) previous.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

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$178.25 Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.

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FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)

The BlackRock Floating Rate Income Strategies Fund Inc offers a high yield of 11.46% due to its investment in speculative-grade floating-rate securities.

FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Municipal Funds previously declared their February distributions. Taxable Municipal Fund: Declaration- 2/1/2024 Ex-Date- 2/14/2024 Record- 2/15/2024 Payable- 2/29/2024 Fund Ticker Distribution Change From Prior Distribution BlackRock Taxable Municipal Bond Trust* BBN $0.092900 - Taxable Fixed Income Funds: Declaration- 2/1/2024 Ex-Date- 2/14/2024 Record-.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

FRA: A Good Way To Hedge Your 2024 Interest Rate Risk

The BlackRock Floating Rate Income Strategies Fund Inc specializes in providing investors with a high level of current income, with an attractive 11.97% yield. The FRA closed-end fund invests in floating-rate securities, which are stable in terms of price regardless of interest rate movements. While the FRA fund has not seen significant gains in the current market environment, investors have made a 4.50% total return in four months.

FRA: A Good Way To Hedge Your 2024 Interest Rate Risk

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

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