iShares Floating Rate Loan Active ETF (BRLN)

Blackrock Floating Rate Income Strategies Fund Inc. (BRLN) is a diversified, closed-end management investment company. It invests in a diversified portfolio of primarily floating rate senior secured U.S. corporate loans and other debt instruments. The fund's objective is to provide shareholders with high current income and preservation of capital. It seeks to achieve its investment objective by investing primarily in a portfolio of U.S. dollar-denominated floating rate senior secured corporate loans.

The fund's portfolio had a weighted average yield of 3.71% and an effective duration of 0.16 years. The fund's expenses ratio is 1.05%.

Investing in BRLN carries risks, including credit risk, interest rate risk, and liquidity risk. The value of the fund's shares will fluctuate with changes in market conditions, interest rates, and the credit quality of the issuers in the fund's portfolio. In addition, the fund's investments in non-investment grade and unrated securities and in foreign securities subject the fund to additional risks. The fund's use of leverage also exposes it to additional risks.