FRA - BlackRock Floating Rate Income

Exchange: USA Stocks • Country: USA • Currency: USD • Type: Fund • ISIN: US09255X1000 • Bank Loan

Bonds, Loans, Securities

BlackRock Floating Rate Income Strategies Closed Fund (NYSE:FRA) is a diversified, closed-end investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation.

The fund invests primarily in a diversified portfolio of floating rate loans, debt securities, and other income-producing investments, with a focus on generating regular income for its shareholders.

FRA's investment strategy involves actively managing a portfolio of senior secured loans, high-yield bonds, and other debt securities, with a focus on mitigating risk and maximizing returns.

The fund's investment team, backed by BlackRock's global resources and expertise, seeks to identify undervalued investment opportunities and capitalize on market inefficiencies to generate attractive returns for shareholders.

As a closed-end fund, FRA offers a unique structure that allows it to take a long-term view and invest in less liquid securities, providing access to a broader range of investment opportunities that may not be available to open-end funds.

By leveraging BlackRock's extensive research capabilities and risk management expertise, FRA aims to provide shareholders with a stable source of income and the potential for long-term capital growth.

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for FRA - BlackRock Floating Rate Income

FRA Fund Overview

Market Cap in USD 452m
Style Bank Loan
TER 1.72%
IPO / Inception 2003-10-31

FRA Fund Ratings

Growth 5y 68.8
Fundamental -
Dividend 95.08
Rel. Performance vs Sector -0.12
Analysts -
Fair Price Momentum 14.48 USD
Fair Price DCF -

FRA Dividends

Dividend Yield 12m 10.90%
Yield on Cost 5y 17.35%
Dividends CAGR 5y 9.27%
Payout Consistency 93.8%

FRA Growth Ratios

Growth 12m 22.61%
Growth Correlation 12m 79%
Growth Correlation 3m 52%
CAGR 5y 9.72%
CAGR/Mean DD 5y 1.78
Sharpe Ratio 12m 1.63
Alpha vs SP500 12m 3.42
Beta vs SP500 5y weekly 0.74
ValueRay RSI 87.93
Volatility GJR Garch 1y 11.17%
Price / SMA 50 3.32%
Price / SMA 200 10.76%
Current Volume 238.3k
Average Volume 20d 168.5k

External Links for FRA Fund

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Fund Manager Positions
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What is the price of FRA stocks?
As of July 19, 2024, the stock is trading at USD 13.38 with a total of 238,260 shares traded.
Over the past week, the price has changed by +2.01%, over one month by +4.22%, over three months by +6.61% and over the past year by +22.41%.
What are the forecast for FRA stock price target?
According to ValueRays Forecast Model, FRA BlackRock Floating Rate Income will be worth about 16 in July 2025. The stock is currently trading at 13.38. This means that the stock has a potential upside of +19.73%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 16 19.7