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Morningstar

BlackRock Floating Rate Income Instl BFRIX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.45  /  0.13 %
  • Total Assets 4.1 Bil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.710%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 6.50%
  • Effective Duration 0.06 years

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:21 PM GMT+0

Morningstar’s Analysis BFRIX

Will BFRIX 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 BFRIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BFRIX 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 BFRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

BlackRock Floating Rate Income Instl boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral. The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BFRIX

More BFRIX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 5
  • Bond Holdings 414
  • Other Holdings 45
  • % Assets in Top 10 Holdings 8.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity T-Fund Instl

9.09
390,606,031
Cash and Equivalents

ICE: (CDX.NA.HY.39.V2)

1.99
85,569,063
Derivative

ICE: (CDX.NA.HY.40.V1)

1.78
76,438,140
Derivative

iShares iBoxx $ High Yield Corp Bd ETF

1.10
47,476,800
—

Invesco Senior Loan ETF

0.99
42,501,240
—

iShares 1-5 Year invmt Grd Corp Bd ETF

0.96
41,075,100
—

Tibco Software Inc/Picard Parent Tl-B

0.91
39,015,970
Corporate

Galderma(Sunshine Lux)/Nestle Tl-B3

0.91
38,975,698
Corporate

Medline / Mozart Borrower Lp Tl-B

0.77
33,295,631
Corporate

Equinox Holdings Inc Tl-B1

0.72
31,124,886
Corporate