BLACKROCK FLOATING RATE INCOME TRUST
Offers high current income from a diversified portfolio of floating rate corporate loans.
BGT | NYSE
Overview
Corporate Details
- ISIN(s):
- N/A
- LEI:
- Country:
- United States of America
- Address:
- 100 BELLEVUE PARKWAY, WILMINGTON
- Website:
- https://www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund
- Sector:
- Mining and quarrying
- Industry:
- Extraction of natural gas
Description
BlackRock Floating Rate Income Trust (BGT) is a closed-end investment fund managed by BlackRock, Inc. The Trust's primary investment objective is to provide a high level of current income, with a secondary objective of capital preservation. To achieve its goal, the Trust invests at least 80% of its assets in a diversified portfolio of floating rate investments. These primarily consist of senior, secured floating rate loans made to corporations, which are typically rated below investment grade. The fund's strategy of focusing on floating rate instruments aims to provide income that adjusts with changes in short-term interest rates, offering a potential hedge in rising rate environments. The Trust provides investors with access to the leveraged loan market, managed by BlackRock's Fundamental Fixed Income group.
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Filings
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Market Data
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Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
