BlackRock Floating Rate Income Trust, Inc. (BGT)
Competitors to BlackRock Floating Rate Income Trust, Inc. (BGT)
American High Income Trust
American High Income Trust (AHIT) competes in the same fixed income space as BlackRock Floating Rate Income Trust by focusing on high income generation through a diversified portfolio of debt instruments, including floating-rate securities. AHIT leverages its broad investment strategy, which incorporates a larger variety of asset types beyond just floating rates, appealing to investors seeking higher returns through diversification. While BlackRock’s extensive market reach and branding give it an edge, AHIT's diverse portfolio may attract investors looking to mitigate risk through varied exposures.
Eaton Vance Floating-Rate Income Trust EFT -1.94%
Eaton Vance Floating-Rate Income Trust (EFT) competes with BlackRock Floating Rate Income Trust by offering investors a similar income-focused strategy through floating-rate loans and securities. Eaton Vance employs a strong investment management team known for its expertise in fixed income, which can be a compelling factor for investors. The firm's commitment to financial literacy and investor education may also serve as a competitive advantage, fostering strong relationships with investors and providing tailored investment solutions that could challenge BlackRock’s market share.
Invesco Senior Loan Fund VVR -1.86%
Invesco Senior Loan Fund (VVR) competes with BlackRock Floating Rate Income Trust by providing similar investment strategies focused on senior loans and floating rate securities. Invesco distinguishes itself through its diversified investment approach and the management expertise of its team, which may draw investors looking for aggressive yield strategies. Additionally, Invesco's scale allows it to offer competitive pricing models that may attract a broader range of investors, potentially positioning it as a strong competitor against BlackRock.
Nuveen Floating Rate Income Fund JFR -0.71%
Nuveen Floating Rate Income Fund (JFR) competes with BlackRock Floating Rate Income Trust (BGT) primarily by focusing on the same target market of investors looking for income through floating rate debt securities. Both funds aim to generate income by investing in floating rate loans and debt instruments, targeting a similar demographic of yield-seeking investors. Nuveen leverages its established brand and extensive network in fixed income management and may offer lower management fees compared to BlackRock, potentially giving it an edge in attracting cost-sensitive investors.
Tortoise Floating Rate Income Fund
Tortoise Floating Rate Income Fund (FRN) is another competitor to BlackRock Floating Rate Income Trust (BGT) that shares a similar investment thesis, focusing on floating rate instruments. Tortoise distinguishes itself through its specialized focus on energy and infrastructure debt, appealing to niche investors who prefer those sectors. While Tortoise may lack the brand recognition of BlackRock, its specialized offerings and portfolio management could be attractive for those seeking exposure to targeted floating rate investments, thus fostering competition in a specific market segment.