CEF Advisors AICA Event NAVigator Podcast

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BlackRock Floating Rate Income Strategies Fund (FRA)

Taxable Bond Funds - Loan Participation

Data as of Feb. 23, 2024
Current
Market Price $12.61 (- $0.13)
NAV (Feb. 23, 2024) $13.18 (+ $0.02)
Fund Listed NYSE
Premium / Discount -4.32% (-1.13%)
Fund Info
Inception Oct. 31, 2003
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
NAV Symbol XFRAX
Location Delaware
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High current income and preservation of capital with investment in primarily of floating rate debt securities and instruments.
Related Indexes
High Income Index
Senior Loan Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
US Bond Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 35,232,197
Total Assets (Reported: June 30, 2023) $607M
Estimated Total Assets $596M
Net Assets $464M
Market Cap $444M
Portfolio Turnover 14.00%
Total Leverage 22.07%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.76%
Non Lev Exp Ratio 1.04%
Rel Lev Cost 5.93%
Discount Data
Average Discount (3 Yr) -6.87%
Discount Low(3 Yr) -13.58%
Discount High(3 Yr) 0.00%
Discount Rel Range (3 Yr) 76.50%
Comp Discount 0.44
Discount St Dev (1Yr) 2.27
Z-Stat
Z-Stat (6mo) 1.51
Z-Stat (1Yr) 1.88
Z-Stat (3Yr) 1.25
Comp Z-Stat (6mo) -0.19
Comp Z-Stat (3Yr) 0.42
Distribution Data
Market Yield 11.78%
Income Yield 11.78%
Lev Adj NAV Yield 9.24%
Distribution Frequency M
Current Distribution $0.124
Current Income $0.124
Ex-Date 2/14/24
Payable Date 2/29/24
Div Growth (3yr) 85.67%
Dividend Change 5.8% on 12/5/23
Expected Div 3/1/24
RoC (1yr) 8.36%
RoC (3yr) 7.79%
Tax Dividend Data 2022 2020 - 2022
Income 100% 86.3%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 13.7%
Volume & Liquidity
Average Daily $ (K) $2,038
Avg Volume 30 day 169,037
Avg Volume 90 day 161,624
Volume Trend 4.59%
Comp Volume Trend 14.35%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
50.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
73.0%
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
85.0%
Most Correlated Peer (Mk Pr): BGT 81.0%
NAV - Price Correlation (30 d) -51.9%
NAV - Price Correlation (90 d) 20.4%
NAV - Price Correlation (1 Yr) 85.9%
Price St Dev (1Yr) 11.8%
NAV St Dev (1Yr) 3.5%
Earnings
Earnings / Share (12/29/23) $0.107
Earn Coverage 86.32%
Earnings Trend Up
UNII / Share (12/29/23) $-0.057
Rel UNII -3.86
UNII Trend Down
Bond Specific Data
Maturity 5.07
Duration 0.21
Credit Rating (rbo) B
Investment Grade 4.75%
Non Investment Grade 92.66%
Unrated Bonds 2.58%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.04
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.30
NAV Beta (2yr)
vs. CEFA's Senior Loan Index
0.76

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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