BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust (BGT) is a closed-end fixed income mutual fund launched by BlackRock Inc. The fund invests primarily in the fixed income markets across the globe, with a focus on the United States. It targets corporate bonds of companies operating in diversified sectors, maintaining an average effective portfolio duration of no more than 1.5 years. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. Its investment objective is to provide income by investing in floating rate instruments, which help mitigate interest rate risk. The trust was originally known as BlackRock Global Floating Rate Income Trust and was formed on August 30, 2004.

BlackRock Floating Rate Income Trust (BGT) is listed on the New York Stock Exchange (NYSE) under the ticker symbol BGT. The fund trades in US Dollars (USD), as it is domiciled in the United States and primarily invests in US fixed income markets. Being listed on the NYSE provides investors with liquidity and access to a major global exchange. The fund's net asset value (NAV) is calculated in USD, and all distributions are paid in the same currency.

BlackRock Floating Rate Income Trust (BGT) operates in the Financial Services sector, specifically within the Asset Management industry. As a closed-end fixed income mutual fund, its primary business is managing a portfolio of floating rate corporate bonds to generate income for shareholders. The fund falls under asset management because it pools investor capital and invests in a diversified set of fixed income securities, with professional management by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. This classification reflects its role in the financial markets as an investment vehicle rather than a direct provider of banking or insurance services.

BlackRock Floating Rate Income Trust (BGT) is domiciled in the United States and focuses its investments primarily on the US fixed income markets. While the fund has a global investment mandate, its emphasis is on corporate bonds issued by US companies across diversified sectors. The trust was formed in the United States on August 30, 2004, and its management team is based in the US. The fund's concentration on US markets means its performance is closely tied to the economic conditions and interest rate environment in the United States. This geographic focus allows investors to gain exposure to US corporate debt with floating rate features.