BlackRock Floating Rate Income Strategies Fund

FRA

Market cap $467M

Overview Fund Activity

13.19 USD

-0.06

0.45%

At close Updated Sep 15, 4:00 PM EDT

1 day

-0.45%

5 days

-0.75%

1 month

0.15%

3 months

2.89%

6 months

3.21%

Year to date

-3.86%

1 year

0.46%

5 years

11.31%

10 years

1%

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.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

4% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 24

3% more capital invested

Capital invested by funds: $92.3M [Q1] → $95.3M (+$3M) [Q2]

0.27% more ownership

Funds ownership: 20.28% [Q1] → 20.56% (+0.27%) [Q2]

6% less funds holding

Funds holding: 84 [Q1] → 79 (-5) [Q2]

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

See Fund Rankings

Financial journalist opinion

FRA: The Time Has Passed For This Floating Rate Income Fund

FRA offers high income via floating rate debt, but its golden era may be ending as interest rate cuts loom. The fund's distributions exceed earnings, raising the likelihood of a dividend cut to preserve NAV health. FRA trades at a rare premium to NAV, but inconsistent NAV growth and high default risks temper my enthusiasm.

FRA: The Time Has Passed For This Floating Rate Income Fund

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FRA: Net Asset Value Destruction Continues As The Fund Maintains Distributions

FRA offers a high yield (11.69%) but is overdistributing, causing net asset value destruction and threatening sustainability. The fund is trading at a premium to NAV, while most peers trade at discounts, making it relatively expensive given its risks. FRA's income will likely decline further as the Fed cuts rates, increasing the likelihood of a distribution cut and share price drop.

FRA: Net Asset Value Destruction Continues As The Fund Maintains Distributions

FRA: Price Cannot Be Justified By Fundamentals

The BlackRock Floating Rate Income Strategies Fund offers an 11.64% yield but invests in riskier, floating-rate securities, making it vulnerable to interest rate cuts. The fund's recent performance has been disappointing, with a 7.34% total loss, underperforming both the S&P 500 and the Bloomberg U.S. Aggregate Bond Index. The market is expecting rate cuts going forward, and a recession could result in even larger cuts than expected.

FRA: Price Cannot Be Justified By Fundamentals

FRA: Sell This Fund Before It Cuts Its Distribution

The BlackRock Floating Rate Income Strategies Fund offers a 10.49% yield but is slightly below the median yield of similar funds, suggesting market confidence in its sustainability. The fund's share price increased by 4.27% despite declining portfolio income due to Federal Reserve rate cuts, raising concerns about future distribution sustainability. The coupon payments made by the fund's assets will decrease as the Federal Reserve continues to cut interest rates.

FRA: Sell This Fund Before It Cuts Its Distribution

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Consider shifting to areas of the market that are less sensitive to inflation expectations.

Bonds Are in Turmoil Again. How to Protect Your Portfolio.

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These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

FRA: This Floating Rate Fund Is Overvalued, It Is Time To Sell Or Trim

The BlackRock Floating Rate Income Strategies Fund currently trades at a 4% premium. It has historically traded at a discount, making it less attractive now. FRA's income may decrease as the Fed is likely to lower short-term rates, impacting floating rate loans negatively. The possibility of a distribution cut could deter investors seeking high payouts, further reducing FRA's appeal.

FRA: This Floating Rate Fund Is Overvalued, It Is Time To Sell Or Trim

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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

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