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Trending ETFs

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.65

$282 M

0.00%

1.61%

Vitals

YTD Return

-1.9%

1 yr return

-0.8%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

-2.0%

Net Assets

$282 M

Holdings in Top 10

55.2%

52 WEEK LOW AND HIGH

$12.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 50.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.65

$282 M

0.00%

1.61%

XBGTX - Profile

Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return -2.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Floating Rate Income Trust of Benef Interest
  • Fund Family Name
    BlackRock
  • Inception Date
    Sep 29, 2004
  • Shares Outstanding
    22368273
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mitchell Garfin

Fund Description


XBGTX - Performance

Return Ranking - Trailing

Period XBGTX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -3.5% 10.0% 98.50%
1 Yr -0.8% -3.4% 14.8% 98.88%
3 Yr -2.3%* -7.1% 8.3% 94.57%
5 Yr -2.0%* -6.4% 38.1% 94.54%
10 Yr 1.1%* -2.2% 19.6% 95.11%

* Annualized

Return Ranking - Calendar

Period XBGTX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -12.0% 11.1% 19.10%
2022 -7.6% -22.9% 5.1% 54.23%
2021 0.3% -12.2% 11.1% 88.19%
2020 -5.0% -14.1% 289.8% 79.51%
2019 5.6% -8.1% 7.5% 1.27%

Total Return Ranking - Trailing

Period XBGTX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -3.5% 10.0% 98.50%
1 Yr -0.8% -3.4% 14.8% 98.88%
3 Yr -2.3%* -7.1% 8.3% 94.57%
5 Yr -2.0%* -6.4% 38.1% 94.54%
10 Yr 1.1%* -2.2% 19.6% 95.11%

* Annualized

Total Return Ranking - Calendar

Period XBGTX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -12.0% 22.1% 97.38%
2022 -7.6% -22.9% 5.1% 91.92%
2021 0.3% -10.2% 11.1% 98.03%
2020 -5.0% -14.1% 306.9% 93.85%
2019 8.0% -3.6% 10.5% 42.62%

NAV & Total Return History


XBGTX - Holdings

Concentration Analysis

XBGTX Category Low Category High XBGTX % Rank
Net Assets 282 M 29.9 M 13.5 B 70.88%
Number of Holdings 442 2 1977 33.20%
Net Assets in Top 10 -101 M -191 M 2.37 B 99.23%
Weighting of Top 10 55.19% 5.2% 100.7% 6.59%

Top 10 Holdings

  1. Ssb Loc Overnight Libor Facility 46.43%
  2. Ssb Loc Overnight Libor Facility 46.43%
  3. Ssb Loc Overnight Libor Facility 46.43%
  4. Ssb Loc Overnight Libor Facility 46.43%
  5. Ssb Loc Overnight Libor Facility 46.43%
  6. Ssb Loc Overnight Libor Facility 46.43%
  7. Ssb Loc Overnight Libor Facility 46.43%
  8. Ssb Loc Overnight Libor Facility 46.43%
  9. Ssb Loc Overnight Libor Facility 46.43%
  10. Ssb Loc Overnight Libor Facility 46.43%

Asset Allocation

Weighting Return Low Return High XBGTX % Rank
Bonds
95.00% 0.00% 161.82% 53.67%
Cash
4.73% -61.90% 16.36% 31.66%
Stocks
0.17% 0.00% 100.74% 81.08%
Convertible Bonds
0.10% 0.00% 5.51% 30.35%
Preferred Stocks
0.00% -3.99% 7.30% 66.02%
Other
0.00% -52.39% 34.87% 72.97%

Stock Sector Breakdown

Weighting Return Low Return High XBGTX % Rank
Utilities
0.00% 0.00% 100.00% 51.32%
Technology
0.00% 0.00% 100.00% 16.40%
Real Estate
0.00% 0.00% 48.61% 33.33%
Industrials
0.00% 0.00% 100.00% 20.11%
Healthcare
0.00% 0.00% 100.00% 34.39%
Financial Services
0.00% 0.00% 89.61% 43.92%
Energy
0.00% 0.00% 100.00% 52.38%
Communication Services
0.00% 0.00% 100.00% 17.99%
Consumer Defense
0.00% 0.00% 100.00% 53.97%
Consumer Cyclical
0.00% 0.00% 97.66% 25.93%
Basic Materials
0.00% 0.00% 1.36% 43.39%

Stock Geographic Breakdown

Weighting Return Low Return High XBGTX % Rank
US
0.17% -0.01% 100.74% 79.15%
Non US
0.00% 0.00% 0.68% 59.46%

Bond Sector Breakdown

Weighting Return Low Return High XBGTX % Rank
Corporate
96.35% 0.00% 99.80% 14.79%
Cash & Equivalents
3.59% 0.00% 25.03% 37.84%
Derivative
0.06% -10.96% 0.59% 24.71%
Securitized
0.00% 0.00% 91.68% 72.76%
Municipal
0.00% 0.00% 0.47% 52.14%
Government
0.00% 0.00% 3.18% 60.70%

Bond Geographic Breakdown

Weighting Return Low Return High XBGTX % Rank
US
59.61% 0.00% 123.41% 93.44%
Non US
35.39% 0.00% 63.23% 2.70%

XBGTX - Expenses

Operational Fees

XBGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.61% 0.03% 5.51% 33.46%
Management Fee 0.75% 0.00% 1.89% 81.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

XBGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XBGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XBGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 4.00% 180.00% 39.75%

XBGTX - Distributions

Dividend Yield Analysis

XBGTX Category Low Category High XBGTX % Rank
Dividend Yield 0.00% 0.00% 11.13% 97.00%

Dividend Distribution Analysis

XBGTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XBGTX Category Low Category High XBGTX % Rank
Net Income Ratio 4.82% 1.77% 9.82% 11.76%

Capital Gain Distribution Analysis

XBGTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XBGTX - Fund Manager Analysis

Managers

Mitchell Garfin


Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

Managing Director of BlackRock, Inc. since 2009 and Co-Head of U.S. Leveraged Finance; Director of BlackRock, Inc. from 2005 to 2008.

Abigail Apistolas


Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

Vice President of BlackRock, Inc. since 2018;; Associate of BlackRock, Inc. since 2016; Associate at Morgan Stanley from 2014 to 2016; Analyst at Morgan Stanley from 2012 to 2014.

James Keenan


Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

Mr. Keenan is a Managing Director of BlackRock, Inc. since 2008 and Head of the Leveraged Finance Portfolio Team from 2006 to 2007;Prior to joining BlackRock in 2004, He was a senior high yield trader at Columbia Management Group from 2003 to 2004. Mr. Keenan began his investment career at UBS Global Asset Management where he held roles as a trader, research analyst and a portfolio analyst from 1998 through 2003. Mr. Keenan holds the Chartered Financial Analyst designation.

David Delbos


Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

Managing Director of BlackRock, Inc. since 2012; Director of BlackRock, Inc. from 2007 to 2011; Vice President of BlackRock, Inc. from 2005 to 2006.

Carly Wilson


Start Date

Tenure

Tenure Rank

May 08, 2009

13.07

13.1%

Carly Wilson, Director, is a portfolio manager on the Global Long Short Credit team. Before this role, she was a portfolio manager on the Leveraged Finance Credit Team responsible for managing Bank Loan strategies. Prior to joining BlackRock in 2009, Ms. Wilson was an Associate and trader in the US Leveraged Loans group at R3 Capital Partners. Previously, she was with Lehman Brothers for four years, most recently in the Global Principal Strategies team. Earlier, she was in Lehman Brothers' Equity and Capital Structure Arbitrage Group. Ms. Wilson earned a BS degree in economics from the University of Pennsylvania Wharton School of Business in 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25