Is FRA a Friend, Question Mark or Foe?

FRA is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the FRA distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

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Public snapshot

FRA Income Quality Score

Name: FRA Income Quality Score
Creator: Income Quality Score
Keywords: FRA income quality, FRA dividend quality, FRA dividend safety, FRA distribution history, FRA dividend score, FRA analysis, BlackRock Floating Rate Income Strategies Fund, Inc. dividend

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) has an Income Quality Score of 44/100, classified as a Question Mark with high confidence, based on a 10-year income and total-return history.

BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 5 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

44/100

Question MarkHigh confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

253 of 358

Lookback

10-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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FRABlackRock Floating Rate Income Strategies Fund, Inc.

44Question MarkHigh confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

39/100

Working Capital Preservation

66/100

Distribution Cut Score

40/100

Distribution Trend

50/100

NAV CAGR

38/100

What is working

Working capital preserved over time

What to watch

1–2 years with a material annual distribution decline

Distribution Safety

11Years raised

2Years cut

24Years of data

HeldCurrent trend

High confidence (10-year history)

20030.075Held
20040.9614Raised
20051.2836Raised
20061.4621Raised
20071.5188Raised
20081.4758Lower total
20091.1061Lower total
20100.942Lower total
20110.924Lower total
20121.032Raised
20130.9323Lower total
20140.8351Lower total
20150.796Lower total
20160.814Raised
20170.732Cut
20180.8211Raised
20190.8662Raised
20200.9214Raised
20210.8004Cut
20220.7748Lower total
20231.3214Raised
20241.4856Raised
20251.4856Held
20260.7428Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.