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 June 14, 2024
Market Price $12.87 (- $0.22)
NAV (June 14, 2024) $13.06 (- $0.14)
Fund Listed NYSE
Premium / Discount -1.45% (-0.62%)
Fund Info
Inception Oct. 31, 2003
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
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
15 Major CEF Sectors Index
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: Dec. 31, 2023) $623M
Estimated Total Assets $589M
Net Assets $460M
Market Cap $453M
Portfolio Turnover 25.00%
Total Leverage 21.90%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.87%
Non Lev Exp Ratio 1.04%
Rel Lev Cost 6.27%
Discount Data
Average Discount (3 Yr) -6.25%
Discount Low(3 Yr) -13.58%
Discount High(3 Yr) 0.91%
Discount Rel Range (3 Yr) 76.96%
Comp Discount 1.10
Discount St Dev (1Yr) 2.86
Z-Stat (6mo) 0.15
Z-Stat (1Yr) 0.84
Z-Stat (3Yr) 1.13
Comp Z-Stat (6mo) -0.60
Comp Z-Stat (3Yr) 0.11
Distribution Data
Market Yield 11.55%
Income Yield 8.99%
Lev Adj NAV Yield 9.33%
Distribution Frequency M
Current Distribution $0.124
Current Income $0.096
Ex-Date 6/14/24
Payable Date 6/28/24
Div Growth (3yr) 85.67%
Dividend Change 5.8% on 12/5/23
Expected Div 7/1/24
RoC (1yr) 11.59%
RoC (3yr) 8.43%
Tax Dividend Data 2023 2021 - 2023
Income 94.6% 92.7%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 5.4% 7.3%
Volume & Liquidity
Average Daily $ (K) $1,725
Avg Volume 30 day 134,838
Avg Volume 90 day 134,057
Volume Trend 0.58%
Comp Volume Trend 5.84%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): JFR 77.0%
NAV - Price Correlation (30 d) -29.6%
NAV - Price Correlation (90 d) 12.6%
NAV - Price Correlation (1 Yr) 49.4%
Price St Dev (1Yr) 11.3%
NAV St Dev (1Yr) 3.1%
Earnings / Share (4/30/24) $0.101
Earn Coverage 81.64%
Earnings Trend Down
UNII / Share (4/30/24) $-0.054
Rel UNII -4.66
UNII Trend Down
Bond Specific Data
Maturity 5.73
Duration 0.04
Credit Rating (rbo) B
Investment Grade 2.58%
Non Investment Grade 94.43%
Unrated Bonds 2.99%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index


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