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Morningstar

BlackRock Floating Rate Income K BFRKX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.68  /  +0.07 %
  • Total Assets 4.4 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 5.0 Mil
  • Status Open
  • TTM Yield 8.77%
  • Effective Duration 0.05 years

USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:19 PM GMT+0

Morningstar’s Analysis BFRKX

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

  • People Pillar

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

A drop in its Process Pillar rating is the primary driver of BlackRock Floating Rate Income K's downgrade to a Morningstar Medalist Rating of Neutral from Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BFRKX

More BFRKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity T-Fund Instl

13.46 586.7 Mil
Cash and Equivalents

ICE: (CDX.NA.HY.40.V2)

2.40 104.7 Mil
Derivative

Invesco Senior Loan ETF

1.14 49.7 Mil
—

Dun & Bradstreet (Dun & Bradstreet Tl-B2

0.98 42.8 Mil
Corporate

Citrix (Cloud Software Group Inc) Tl-B

0.92 40.3 Mil
Corporate

TRSWAP: IBXXLLTR INDEX

0.79 34.6 Mil
—

TRSWAP: IBXXLLTR INDEX

0.77 33.6 Mil
—

Alliant Holdings Intermediate Llc Tl-B6

0.75 32.8 Mil
Corporate

Solera Llc (Polaris Newco Llc) Tl-B

0.74 32.4 Mil
Corporate

TRSWAP: IBXXLLTR INDEX

0.72 31.5 Mil
—