(FRA) BlackRock Floating Rate - Ratings and Ratios
Loans, Debt, Securities, Investments, Bonds
Description: FRA BlackRock Floating Rate
The BlackRock Floating Rate Income Strategies Closed Fund (NYSE:FRA) is a USA-originated investment fund that focuses on Bank Loan investments. As a closed-end fund, FRA provides a unique opportunity for investors seeking exposure to floating-rate debt securities.
To evaluate FRAs performance, we can analyze key performance indicators (KPIs) such as its premium/discount to net asset value (NAV), distribution yield, and total return. A consistently high distribution yield may indicate a attractive income opportunity, while a stable or narrowing premium/discount to NAV could suggest a well-managed fund. Additionally, FRAs total return, including both income and capital appreciation, can be compared to relevant benchmarks, such as the S&P/LSTA Leveraged Loan Index, to assess its relative performance.
Given FRAs investment focus on Bank Loans, its essential to consider the overall credit quality and diversification of the funds portfolio. Key metrics to examine include the average credit rating, industry concentration, and loan diversification. A well-diversified portfolio with a strong credit profile can help mitigate potential risks associated with Bank Loan investments.
To further assess FRAs attractiveness, we can examine its expense ratio, management fees, and overall cost structure. A fund with a competitive expense ratio and transparent fee structure can help investors maximize their returns. By analyzing these KPIs, investors can gain a more comprehensive understanding of FRAs strengths and weaknesses, enabling more informed investment decisions.
FRA Fund Overview
| Market Cap in USD | 452m |
| Style | Bank Loan |
| TER | 1.72% |
| IPO / Inception | 2003-10-31 |
FRA Fund Ratings
| Growth Rating | 62.4% |
| Fundamental | - |
| Dividend Rating | 97.1% |
| Return 12m vs S&P 500 | -1.95% |
| Analyst Rating | - |
FRA Dividends
| Dividend Yield 12m | 11.60% |
| Yield on Cost 5y | 20.00% |
| Annual Growth 5y | 10.00% |
| Payout Consistency | 94.0% |
| Payout Ratio | % |
FRA Growth Ratios
| Growth Correlation 3m | 97.4% |
| Growth Correlation 12m | 38.9% |
| Growth Correlation 5y | 87.5% |
| CAGR 5y | 12.36% |
| CAGR/Max DD 5y | 0.66 |
| Sharpe Ratio 12m | 1.13 |
| Alpha | 4.80 |
| Beta | 0.501 |
| Volatility | 8.92% |
| Current Volume | 197.3k |
| Average Volume 20d | 72.7k |
| Stop Loss | 12.8 (-3.7%) |
| Signal | -1.28 |
What is the price of FRA shares?
Over the past week, the price has changed by +0.45%, over one month by +1.86%, over three months by +7.06% and over the past year by +14.69%.
Is BlackRock Floating Rate a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FRA is around 14.64 USD . This means that FRA is currently undervalued and has a potential upside of +10.16% (Margin of Safety).
Is FRA a buy, sell or hold?
What are the forecasts/targets for the FRA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 16.2 | 22% |
Last update: 2025-08-21 11:19
FRA Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = None
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 452.4m USD (452.4m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 452.4m)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 452.4m / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(452.4m)/V(0.0) * Re(7.86%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for FRA Fund
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle