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BlackRock Floating Rate Income Instl (BFRIX) Fund Ranking and Research

Ranking, Research and Recommendation of BlackRock Floating Rate Income Instl (BFRIX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of BlackRock Floating Rate Income Instl Fund (BFRIX) ManagerFund Manager - C. Marshall

Fund Manager Information

Fund Manager Tenure: 9.6 years
Similar Funds: BFRAX  BFRCX 
Fund Family: BlackRock
Fund Category: Bank Loan
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.72)     (What does this score mean?)

 

Graph of BlackRock Floating Rate Income Instl Fund (BFRIX) ProfileBlackRock Floating Rate Income Instl Fund (BFRIX) Profile

Fund Profile and Description

BlackRock Floating Rate Income Instl Fund seeks to provide high current income; long-term capital appreciation is a secondary consideration. BlackRock Floating Rate Income Instl Fund normally invests 80% of assets in floating rate investments and investments that are the economic equivalent of floating rate investments, which effectively enables the fund to achieve a floating rate of income. It may invest in securities of any credit quality without limitation, including securities rated below investment grade. BlackRock Floating Rate Income Instl Fund invests up to 20% of assets in fixed income securities and 15% of assets in illiquid securities. In additional, it invests in securities of foreign issuers, including issuers located in emerging markets.

 

BlackRock Floating Rate Income Instl (BFRIX) Fund Strength What we like about BlackRock Floating Rate Income Instl (BFRIX) Fund

Data for BlackRock Floating Rate Income Instl Fund (BFRIX) as of May 30, 2016

  • BlackRock Floating Rate Income Instl Fund (BFRIX) management has been with BlackRock Floating Rate Income Instl Fund for 9.6 years
  • BlackRock Floating Rate Income Instl Fund (BFRIX) has good short-term performance (1-year return 1.49% vs 0.18% Bank Loan category median performance)
  • BlackRock Floating Rate Income Instl Fund (BFRIX) has good mid-term performance (3-year return 2.90% vs 1.93% Bank Loan category median performance)
  • BlackRock Floating Rate Income Instl Fund (BFRIX) has good Long-term performance (5-year return 3.88% vs 3.30% Bank Loan category median performance)
  • BlackRock Floating Rate Income Instl Fund (BFRIX) ratio of up-years vs down years is greater than 2
  • BlackRock Floating Rate Income Instl Fund (BFRIX) has a Morningstar rating of 4 and above
  • Asset base in BlackRock Floating Rate Income Instl Fund (BFRIX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • BlackRock Floating Rate Income Instl Fund (BFRIX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.37, lower than category average of 3.12
  • BlackRock Floating Rate Income Instl Fund (BFRIX) has a lower expense ratio than its Bank Loan average: 0.68% vs 1.10%
  • BlackRock Floating Rate Income Instl Fund (BFRIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

BlackRock Floating Rate Income Instl Fund (BFRIX) Weakness What we are cautious about BlackRock Floating Rate Income Instl (BFRIX) Fund

Data for BlackRock Floating Rate Income Instl Fund (BFRIX) as of May 30, 2016

  • BlackRock Floating Rate Income Instl Fund (BFRIX) has an annual stock turnover rate of 78.00% that is higher than the Bank Loan average of 34.28%. This could mean BlackRock Floating Rate Income Instl is more nimble, but also signal potential high tax impact and high trading fees
See BlackRock Floating Rate Income Instl Fund (BFRIX) performance details as of May 30, 2016

 

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Compare BlackRock Floating Rate Income Instl Fund (BFRIX)Compare with other top Bank Loan category mutual funds

Aadditional top Bank Loan mutual funds for your consideration

FundYear to Date1 Year3 year5 year
BlackRock Floating Rate Income Instl3.431.492.903.88
Credit Suisse Floating Rate Hi Inc Instl (CSHIX)3.340.982.773.86Compare
Voya Floating Rate I (IFRIX)3.521.192.603.92Compare
Columbia Floating Rate W (RFRWX)4.310.682.443.63Compare

See top fund managers for Bank Loan Category Funds

 

Graph of BlackRock Floating Rate Income Instl Fund (BFRIX) Net Asset TrackingBlackRock Floating Rate Income Instl (BFRIX) Fund Net Asset

Track net asset change of BlackRock Floating Rate Income Instl fund (BFRIX)

DateNet Asset
05/2016$3.05B
03/2016$2.84B
02/2016$2.61B
More historic net asset information on BlackRock Floating Rate Income Instl Fund (BFRIX)

  

Graph of BlackRock Floating Rate Income Instl Fund (BFRIX) Portfolio TrackingBlackRock Floating Rate Income Instl (BFRIX) Fund Portfolio Allocation

Track portfolio allocation change of BlackRock Floating Rate Income Instl fund (BFRIX)

DateCashStockBondOther
04/20165.09%0%89.91%4.85%
02/20169.21%0.01%89.69%0.65%
01/20167.47%0%85.93%6.23%
Click here to see more historic asset allocation information on BlackRock Floating Rate Income Instl Fund (BFRIX)

 

graph of BlackRock Floating Rate Income Instl Fund (BFRIX) Top 10 Position TrackingTop 10 Holdings in BlackRock Floating Rate Income Instl (BFRIX) Fund

Discover what BlackRock Floating Rate Income Instl Fund (BFRIX) manager is buying

Apr 29, 2016
Avago Technologies Cayman Finance Tl-B1 [1.78%]
First Data Corporation Tl [1.77%]
New Lightsquared Llc Tl [1.08%]
Caesars Entertainment Resort Prope Tl-B [1.04%]
Univision Communications Inc Tl-C4 [0.98%]
Level 3 Financing Inc Tl-B [0.97%]
Servicemaster Co Llc Tl-B [0.94%]
Trans Union Llc Tl-B2 [0.9%]
Berry Plastics Corporation Tl-F [0.87%]
Ss&C Technologies Inc. Tl-B1 [0.85%]

Feb 28, 2016
First Data Corporation Tl [1.81%]
Avago Technologies Cayman Finance Tl-B1 [1.71%]
Berry Plastics Corporation Tl-F [1.09%]
New Lightsquared Llc Tl [1.06%]
Univision Communications Inc Tl-C4 [1.01%]
Level 3 Financing Inc Tl-B [1%]
Caesars Entertainment Resort Prope Tl-B [0.99%]
Servicemaster Co Llc Tl-B [0.96%]
Ss&C Technologies Inc. Tl-B1 [0.87%]
Charter Communications Operating Tl-I [0.8%]

Jan 30, 2016
First Data Corporation Tl [1.8%]
Avago Technologies Cayman Finance Tl-B1 [1.64%]
Servicemaster Co Llc Tl-B [1.01%]
New Lightsquared Llc Tl [1%]
Caesars Entertainment Resort Prope Tl-B [0.97%]
Level 3 Financing Inc Tl-B [0.92%]
Charter Communications Operating Tl-I [0.91%]
Univision Communications Inc Tl-C4 [0.91%]
Ss&C Technologies Inc. Tl-B1 [0.88%]
Berry Plastics Corporation Tl-F [0.82%]
Click here for Stock Holding Change Map in BlackRock Floating Rate Income Instl Fund (BFRIX)

  

Latest News on BlackRock Floating Rate Income Instl (BFRIX) Fund

See what is happening with BlackRock Floating Rate Income Instl Fund (BFRIX)

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BlackRock Floating Rate Income Instl Fund (BFRIX) Related ResourcesSee more information on BlackRock Floating Rate Income Instl (BFRIX) Fund

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