FRA:NYE-Blackrock Floating Rate Income Strategies Fund Inc (USD)

ETF | Airports & Air Services | New York Stock Exchange

Last Closing

USD 13.25

Change

+0.06 (+0.45)%

Market Cap

USD 0.52B

Volume

0.13M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The Fund is a diversified closed-end investment management company that seeks a high level of current income with the secondary objective of preservation of capital. Under normal market conditions, it invests at least 80% of its assets in floating rate debt securities and instruments. There is no limitation to investment in senior floating rate loans and other floating or fixed rate debt securities and instruments that are rated below investment grade by the established rating services. However, it may not invest more than 10% of its total assets in securities and instruments that are rated Caa1 / CCC+ or lower. The Fund intends to leverage its portfolio up to 30% of the value of its total assets through borrowings, the issuance of debt securities or preferred stock or a combination thereof.

Inception Date: 31/10/2003

Primary Benchmark: Credit Suisse Leveraged Loan USD

Primary Index: BBgBarc US Agg Bond TR USD

Gross Expense Ratio: 1.54%

Management Expense Ratio:

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-05-08 )

Largest Industry Peers for Airports & Air Services

Symbol Name Mer Price(Change) Market Cap
ASR Grupo Aeroportuario del Surest.. 0.00 %

N/A

USD 10.68B
PAC Grupo Aeroportuario del Pacifi.. 0.00 %

N/A

USD 9.56B
JOBY Joby Aviation 0.00 %

N/A

USD 3.58B
CAAP Corporacion America Airports 0.00 %

N/A

USD 2.91B
UP Wheels Up Experience Inc 0.00 %

N/A

USD 1.57B
SOAR Volato Group Inc. 0.00 %

N/A

N/A

ETFs Containing FRA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Airports & Air Services) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 4.66% 57% F 59% D-
Dividend Return 3.91% 100% F 94% A
Total Return 8.57% 71% C- 71% C-
Trailing 12 Months  
Capital Gain 13.54% 67% D+ 61% D-
Dividend Return 10.21% 100% F 93% A
Total Return 23.75% 83% B 71% C-
Trailing 5 Years  
Capital Gain 2.40% 25% F 46% F
Dividend Return 36.07% 100% F 90% A-
Total Return 38.47% 25% F 58% F
Average Annual (5 Year Horizon)  
Capital Gain 0.55% 29% F 42% F
Dividend Return 8.00% 57% F 59% D-
Total Return 7.45% 100% F 91% A-
Risk Return Profile  
Volatility (Standard Deviation) 13.11% 100% F 73% C
Risk Adjusted Return 61.06% 57% F 84% B
Market Capitalization 0.52B 67% D+ 76% C+

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.