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Morningstar, Inc. Commentaries

2 BlackRock Funds File for At-the-Market Offerings

Mar 25, 2014
Click here to access 2 BlackRock Funds File for At-the-Market Offerings

Last week, BlackRock filed to implement an at-the-market (ATM) shelf offering program for two of their funds:  BlackRock Limited Duration Income (BLW) and BlackRock Floating Rate Strategies (FRA). Considering that both funds are currently trading at substantial discounts, this is a strange move.

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Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions.

Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.