Floating Rate Income Fund
Keeping Up With Interest Rates
As a pioneer in the market, the BlackRock Floating Rate Income Fund has a 23-year track record of conservatively balancing the trade-off between income and quality, seeking out the most attractive yields from the highest-quality issuers.
For standardized returns as of the most recent quarter and month end please click here.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Total/Net annual operating expenses as stated in the fund's most recent prospectus are 1.12/1.05%.
All returns assume reinvestment of all dividends and capital gains distributions. Available in multiple share classes with different sales charges, on-going account maintenance and distribution fees and other features.
Sources: Barclays; BlackRock; Morningstar; Lipper. Past performance does not guarantee future results.
Floating-rate loans provide investors the potential for rising income and enhanced diversification. Whereas traditional bonds typically lose value in a rising rate environment, floating-rate loans maintain their value as their income payments rise with rates. And while floating-rate loans are less liquid and carry greater risks as they tend to be non-investment grade, they provide a differentiated pattern and source of returns compared to a traditional fixed income portfolio.
Investor A: BFRAX
Investor C: BFRCX
Important Risks of the Fund: The fund is actively managed and its characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. Corporate loan values fluctuate in price so your investment can go down depending on market conditions. Corporate loans may be illiquid, affecting the fund’s ability to realize net asset value in the event of a liquidation of assets. The fund may invest in non-US borrowers, which involves risks including fluctuation in foreign exchange rates, political and economic developments. Corporate loans in the fund’s portfolio typically are not rated or rated non-investment-grade (below Baa by Moody’s or BBB by Standard & Poor’s). These corporate loans generally involve greater risks to principal and income. The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility.
You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The Fund's prospectus contains this and other information about the Fund. The prospectus should be read carefully before investing.
Prepared by BlackRock Investments, LLC, member FINRA.