BlackRock Floating Rate Income Trust (BGT)

Profile

https://www.blackrock.com/investing/products/240195/blackrock-floating-rate-income-trust-usd-fund

BlackRock Floating Rate Income Trust is a closed-end fixed income fund designed to deliver high levels of current income for investors. Managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., the Trust primarily invests in senior secured, floating-rate loans and short-duration corporate bonds, emphasizing companies operating across a wide range of sectors, with a strong focus on the United States. The portfolio’s average effective duration is targeted to be no greater than 1.5 years, which helps limit interest rate sensitivity and offers a measure of protection against rising rates. The fund is notable for its monthly dividend payments, currently providing a high yield to shareholders, and its ability to access diversified credit opportunities across both cyclical and non-cyclical industries. Since its inception in 2004, the Trust has served as a vehicle for generating steady income with relatively lower volatility compared to traditional fixed-rate bond funds, making it a significant presence in the leveraged loan and floating-rate asset segment of the financial market.