In plain terms — BlackRock Floating Rate Income Trust
Shares currently cost about 7.8% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 3.6% discount, so today's level is unusually wide for this fund (Z-score -2.1). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 14.3% a year of the share price (13.2% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.08 of assets — a ReinvestCapture™ rate of 15.5%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 3.7% over the past year including distributions (NAV total return).
Annual costs are 2.13% of assets.
Guided view hides the statistical panels. Switch to Expert view in the grey bar to see them. Nothing here is advice.
Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -2.79% | 1.79% | -2.43 | 55 |
| 6 months | -3.58% | 1.58% | -2.24 | 106 |
| 1 year | -3.55% | 1.73% | -2.06 | 208 |
| 3 years | -0.67% | — | — | — |
| 5 years | -3.35% | — | — | — |
Current contemporaneous premium/discount -7.13% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -8.20% to +1.18%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -7.14% | -5.84% | -10.41% | -16.12% | -5.32% | -5.57% |
| Market price total return | -6.09% | -2.65% | -1.12% | -4.50% | +6.25% | +4.69% |
| NAV return | -1.71% | -2.50% | -7.60% | -8.53% | -4.87% | -4.26% |
| NAV total return | -0.63% | +0.72% | +1.65% | +3.73% | +6.73% | +5.85% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
BlackRock Floating Rate Income Trust, an investment vehicle established in the United States on August 30, 2004 (originally known as BlackRock Global Floating Rate Income Trust), operates as a closed-end mutual fund concentrating on fixed income. Jointly managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc., under the umbrella of BlackRock Inc., the Trust strategically allocates capital to fixed income instruments across international markets, with a significant emphasis on opportunities within the United States. Its portfolio primarily comprises corporate bonds issued by companies spanning various sectors. A key characteristic of its investment strategy is maintaining an average effective portfolio duration of no more than 1.5 years.
CEF Explorer research page for BlackRock Floating Rate Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.