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Morningstar

BlackRock Floating Rate Income Inv A BFRAX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.68  /  +0.17 %
  • Total Assets 4.4 Bil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.45%
  • Effective Duration 0.05 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis BFRAX

Will BFRAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BFRAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BFRAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BFRAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in BlackRock Floating Rate Income Inv A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BFRAX

More BFRAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity T-Fund Instl

12.56 550.6 Mil
Cash and Equivalents

ICE: (CDX.NA.HY.40.V2)

2.36 103.3 Mil
Derivative

TRSWAP: IBXXLLTR INDEX

1.47 64.2 Mil
—

Invesco Senior Loan ETF

1.13 49.5 Mil
—

Dun & Bradstreet (Dun & Bradstreet Tl-B2

0.97 42.6 Mil
Corporate

Citrix (Cloud Software Group Inc) Tl-B

0.91 40.1 Mil
Corporate

TRSWAP: IBXXLLTR INDEX

0.80 35.0 Mil
—

TRSWAP: IBXXLLTR INDEX

0.77 33.9 Mil
—

Alliant Holdings Intermediate Llc Tl-B6

0.75 32.7 Mil
Corporate

Solera Llc (Polaris Newco Llc) Tl-B

0.74 32.3 Mil
Corporate