BlackRock Floating Rate Income Fund
BFRKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 12 Throgmorton AvenueLondon,RI EC2N 2DLUnited Kingdom United States of America
- IPO Date
- Mar 28, 2016
- CIK
- 0001259708
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Floating Rate Income Portfolio (Class K) (BFRKX) is a mutual fund managed by BlackRock Advisors, LLC that seeks high current income, with a secondary objective of long-term capital appreciation; it normally invests at least 80% of its assets in floating rate investments and economic equivalents, including senior secured floating rate loans or debt, second lien or subordinated floating rate loans, participations or assignments in such loans, and fixed-rate loans or debt converted to floating rates via derivatives. The Fund also may allocate up to 20% to fixed income securities such as corporate bonds, preferred securities, convertible securities, mezzanine investments, collateralized loan obligations, and U.S. government debt; up to 10% in common stocks or equity securities; and up to 15% in illiquid investments, with exposure to non-investment grade securities, foreign issuers including emerging markets, and distressed or defaulted borrowers without limitation. Top holdings include TransDigm Inc (1.29%), Asurion LLC (0.96%), Cloud Software Group Inc (0.95%), Beignet Investor LLC (0.95%), and Clarios Global LP (0.82%), with primary sector allocations to bank loans (91.42%), cash equivalents (9.54%), swaps (2.21%), corporate bonds (1.23%), and asset-backed securities (0.51%); the portfolio features an effective duration of 0.13 years and weighted average life of 4.26 years. Launched on March 28, 2016 as an open-ended investment company domiciled in the United States with a minimum initial investment of $5 million for Class K shares, the Fund is available for sale in the U.S. and headquartered alongside its parent BlackRock, Inc. in New York; total net assets stand at $3.53 billion, with Class K share class assets of $938.72 million and a net expense ratio of 0.63%. In recent developments, the Fund maintained its focus on higher-quality loans amid Q3 2025 market volatility, posting returns of 1.64% for Institutional shares amid interest rate cuts and sector dispersion; portfolio adjustments included small additions from new issuances and repayments, a slight reduction in liquid holdings, and a new position in an insurance brokerage for its defensive cash flows, while avoiding automotive exposures that benefited performance as one major manufacturer entered bankruptcy; BlackRock continues contractual fee waivers through June 30, 2027, limiting Institutional shares expenses to 0.70% excluding certain costs.