AFRAX vs BFRIX

Both AFRAX and BFRIX are mutual funds. AFRAX has a higher 5-year return than BFRIX (2.69% vs 2.68%). AFRAX has a higher expense ratio than BFRIX (1% vs 0.69%). Below is the comparison between AFRAX and BFRIX.

AFRAX BFRIX
Security Type Mutual fund Mutual fund
Segment Taxable Fixed Income: Bank Loan Taxable Fixed Income: Bank Loan
Family Invesco BlackRock
Net Assets $773.90M $3.74B
Expense Ratio 1.00% 0.69%
Management Style active active
Dividend Yield 3.94% 3.43%
Minimum Investment $1,000.00 $2,000,000.00
YTD Return -3.23% -3.30%
1-Year Return -3.04% -3.05%
3-Year Return 2.05% 2.13%
5-Year Return 2.69% 2.68%
10-Year Return 3.53% 3.56%

AFRAX

AFRAX description

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AFRAX performance & returns

YTD Return -3.23%
1-Month Return -3.31%
3-Month Return -3.04%
1-Year Return -3.04%
3-Year Return 2.05%
5-Year Return 2.69%
10-Year Return 3.53%
AFRAX expense ratio is 1%.

AFRAX holdings

Top 10 Holdings (9.96% of Total Assets)

Name Symbol % Assets
Invesco Shrt-Trm Inv Gov&Agcy Instl AGPXX 1.22%
1011778 B.C. Unlimited Liability Company Term Loan B4 N/A 1.12%
Berry Global, Inc. Term Loan Y N/A 1.11%
Telesat Canada Term Loan B5 N/A 1.09%
Invesco Shrt-Trm Inv Liq Assets Corp LPCXX 1.02%
Virgin Media Bristol Llc Usd Term Loan N N/A 0.96%
Nexstar Broadcasting, Inc. 2019 Term Loan B4 N/A 0.95%
Calpine Corporation Term Loan B9 N/A 0.89%
Caesars Resort Collection, Llc 2017 1st Lien Term Loan B N/A 0.86%
Transdigm, Inc. 2020 Term Loan E N/A 0.74%

AFRAX pros

The following are AFRAX strengths from our perspective:

  • AFRAX 3-year return is 2.05%, which is higher than the 3-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 0.34%.
  • AFRAX 5-year return is 2.69%, which is higher than the 5-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 1.18%.
  • AFRAX 10-year return is 3.53%, which is higher than the 10-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 1.72%.
  • AFRAX 15-year return is 3.12%, which is in line with the 15-year return of the benchmark index (Bloomberg US Aggregate Bond TR USD), 3.32%.

AFRAX cons

The following are AFRAX weaknesses from our perspective:

  • AFRAX net assets are $773.90 million. This fund is not a popular choice with retail investors.
  • AFRAX expense ratio is 1%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 2.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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BFRIX

BFRIX description

The Fund seeks to provide high current income, with a secondary objective of long term capital appreciation. The Fund invests 80% of its assets in a diversified portfolio that effectively enables the Fund to achieve a floating rate of income. The Fund may also invest up to 15% of its assets in illiquid securities.

BFRIX performance & returns

YTD Return -3.30%
1-Month Return -3.33%
3-Month Return -3.05%
1-Year Return -3.05%
3-Year Return 2.13%
5-Year Return 2.68%
10-Year Return 3.56%
BFRIX expense ratio is 0.69%.

BFRIX holdings

Top 10 Holdings (15.78% of Total Assets)

Name Symbol % Assets
BlackRock Liquidity T-Fund Instl TSTXX 5.53%
Zayo Group Holding / Front Range Tl-B N/A 1.49%
Genesys (Greeneden Us Holdings) Tl-B3 N/A 1.40%
Vertiv Group Corporation Tl-B N/A 1.23%
Veritas Us Inc. Tl-B N/A 1.14%
Informatica Llc Tl-B N/A 1.14%
Husky Ims (Titan Acquisition Ltd) Tl-B N/A 1.01%
Clear Channel Outdoor Holdings Inc Tl-B N/A 0.96%
Epicor Software Corp(Eagle Parent) Tl-B N/A 0.95%
Inmarsat Plc / Connect Us Finco Tl-B N/A 0.93%

BFRIX pros

The following are BFRIX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

BFRIX cons

The following are BFRIX weaknesses from our perspective:

  • BFRIX 3-year return is 2.13%, which is lower than the 3-year return of the benchmark index (S&P/LSTA Leveraged Loan TR), 2.76%.
  • BFRIX 5-year return is 2.68%, which is lower than the 5-year return of the benchmark index (S&P/LSTA Leveraged Loan TR), 3.34%.
  • BFRIX 10-year return is 3.56%, which is lower than the 10-year return of the benchmark index (S&P/LSTA Leveraged Loan TR), 3.98%.
  • BFRIX expense ratio is 0.69%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?

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