Bluerock High Income Institutional Credit Fund Generated an 11.3% Annualized Distribution Rate over the Trailing 12 Months; Marks Three Year Anniversary
Bluerock High Income Institutional Credit Fund (IIMAX) has marked its three-year anniversary with strong performance, delivering a 11.3% annualized distribution rate over the trailing 12 months. The Fund has paid its twelfth consecutive quarterly distribution, with shareholders receiving approximately $0.55 per share for the quarter.
Since its inception in June 2022, the Fund has distributed approximately $8.18 per share in total. The Fund's portfolio includes 122 collateralized loan obligations representing about $37.7 billion in aggregate underlying loan value, with exposure to over 2,250 underlying senior secured loans. Current net assets under management stand at approximately $190 million as of June 30, 2025.
The Fund's Class I shares have delivered 8.92% one-year returns and 9.19% returns since inception.
Bluerock High Income Institutional Credit Fund (IIMAX) ha celebrato il suo terzo anniversario con una performance solida, offrendo un tasso di distribuzione annualizzato dell'11,3% negli ultimi 12 mesi. Il Fondo ha effettuato la sua dodicesima distribuzione trimestrale consecutiva, con gli azionisti che hanno ricevuto circa 0,55 $ per azione nel trimestre.
Dalla sua costituzione nel giugno 2022, il Fondo ha distribuito complessivamente circa 8,18 $ per azione. Il portafoglio del Fondo comprende 122 obbligazioni garantite da prestiti (CLO) per un valore aggregato sottostante di circa 37,7 miliardi di dollari, con un'esposizione a oltre 2.250 prestiti senior garantiti. Gli attivi netti gestiti attualmente ammontano a circa 190 milioni di dollari al 30 giugno 2025.
Le azioni di Classe I del Fondo hanno registrato un rendimento dell'8,92% nell'ultimo anno e un rendimento del 9,19% dalla sua costituzione.
Bluerock High Income Institutional Credit Fund (IIMAX) ha celebrado su tercer aniversario con un sólido desempeño, ofreciendo una tasa de distribución anualizada del 11.3% durante los últimos 12 meses. El Fondo ha pagado su duodécima distribución trimestral consecutiva, con los accionistas recibiendo aproximadamente $0.55 por acción en el trimestre.
Desde su inicio en junio de 2022, el Fondo ha distribuido aproximadamente $8.18 por acción en total. La cartera del Fondo incluye 122 obligaciones de préstamos colateralizados que representan alrededor de $37.7 mil millones en valor agregado de préstamos subyacentes, con exposición a más de 2,250 préstamos senior asegurados. Los activos netos bajo administración actuales ascienden a aproximadamente $190 millones al 30 de junio de 2025.
Las acciones Clase I del Fondo han entregado un retorno del 8.92% en un año y un retorno del 9.19% desde su inicio.
블루락 하이 인컴 기관 신용 펀드 (IIMAX)가 강력한 성과와 함께 3주년을 맞이했으며, 최근 12개월 동안 연 환산 배당률 11.3%을 기록했습니다. 이 펀드는 12번째 연속 분기 배당금을 지급했으며, 주주들은 분기별로 약 주당 0.55달러를 받았습니다.
2022년 6월 설립 이후, 펀드는 총 약 주당 8.18달러를 배당했습니다. 펀드의 포트폴리오는 약 377억 달러 규모의 기초 대출 가치를 나타내는 122개의 담보부 대출 의무(CLO)를 포함하며, 2,250개 이상의 기초 선순위 담보 대출에 노출되어 있습니다. 2025년 6월 30일 기준 현재 순자산은 약 1억 9천만 달러입니다.
펀드의 클래스 I 주식은 1년 수익률 8.92%와 설립 이후 수익률 9.19%를 기록했습니다.
Bluerock High Income Institutional Credit Fund (IIMAX) a célébré son troisième anniversaire avec une performance solide, offrant un taux de distribution annualisé de 11,3% sur les 12 derniers mois. Le Fonds a versé sa douzième distribution trimestrielle consécutive, les actionnaires recevant environ 0,55 $ par action pour le trimestre.
Depuis sa création en juin 2022, le Fonds a distribué environ 8,18 $ par action au total. Le portefeuille du Fonds comprend 122 obligations de prêts garantis (CLO) représentant environ 37,7 milliards de dollars en valeur totale des prêts sous-jacents, avec une exposition à plus de 2 250 prêts seniors garantis. L’actif net sous gestion s’élève actuellement à environ 190 millions de dollars au 30 juin 2025.
Les actions de Classe I du Fonds ont généré un rendement d’un an de 8,92% et un rendement depuis la création de 9,19%.
Bluerock High Income Institutional Credit Fund (IIMAX) feiert sein dreijähriges Bestehen mit einer starken Performance und erzielte in den letzten 12 Monaten eine annualisierte Ausschüttungsrate von 11,3%. Der Fonds hat seine zwölfte aufeinanderfolgende vierteljährliche Ausschüttung vorgenommen, wobei die Anteilseigner für das Quartal etwa 0,55 $ pro Aktie erhalten haben.
Seit seiner Auflegung im Juni 2022 hat der Fonds insgesamt etwa 8,18 $ pro Aktie ausgeschüttet. Das Portfolio des Fonds umfasst 122 besicherte Kreditverpflichtungen (CLOs) mit einem aggregierten zugrundeliegenden Kreditvolumen von rund 37,7 Milliarden US-Dollar und eine Exponierung gegenüber über 2.250 gesicherten vorrangigen Krediten. Die aktuellen Nettovermögenswerte unter Verwaltung belaufen sich zum 30. Juni 2025 auf etwa 190 Millionen US-Dollar.
Die Class-I-Anteile des Fonds haben eine Einjahresrendite von 8,92% und eine Rendite seit Auflegung von 9,19% erzielt.
- Strong 11.3% annualized distribution rate over trailing 12 months
- Consistent quarterly distributions totaling $8.18 per share since inception
- Solid performance with 8.92% one-year returns for Class I shares
- Well-diversified portfolio with exposure to over 2,250 senior secured loans
- Management fee and operating expenses voluntarily waived by Adviser since inception
- High gross expense ratios ranging from 3.66% to 4.61% before fee waivers
- Fund performance may be dependent on voluntary fee waivers which could change
- Distribution rates not fixed and may vary based on underlying holdings performance
The Fund continues to capitalize on senior CLO debt securities offering the potential for high income with structural risk protections. In the second quarter, the Fund remained strategically positioned in more senior CLO tranches, maintaining an institutional-grade portfolio that seeks to deliver consistent, attractive risk-adjusted returns through varying market conditions.
"Crossing our three-year milestone with strong risk-adjusted performance, we believe the Fund has demonstrated consistent delivery on its core objectives of income generation and downside protection," said Jeffrey Schwaber, CEO of Bluerock Capital Markets. "Through disciplined allocations to senior CLO debt and active risk management, we feel we have navigated a dynamic market landscape with strategic precision. As we enter our fourth year of the Fund, we remain focused on delivering stable monthly income and long-term value to our investors."
The Fund currently maintains underlying positions in 122 collateralized loan obligations representing approximately
High Income Fund I-Share Net Performance
Performance Through 6.30.2025 | ||
One Year | Since Inception* | |
High Income Fund Class I | 8.92 % | 9.19 % |
Returns presented are total net return: Expressed in percentage terms, the calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Returns greater than one year are annualized.
* Inception date of the Fund is June 21, 2022.
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month end, please call toll-free 1-844-819-8287. Past performance is no guarantee of future results.
The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements is
1 The Fund's distribution policy is to make quarterly distributions to shareholders. The level of quarterly distributions is not fixed and will vary based on performance of the Fund's underlying holdings. This distribution policy is subject to change. The tax characterization of the Fund's distributions is dependent, upon several factors, including the tax characterization of the distributions received by the Fund from its underlying investments, which is not known to the Fund at the time of its distribution. The Fund estimates, in accordance with US GAAP, that none of its most recent distribution was attributable to return of capital, however, the characterization of Fund distributions for federal income tax purposes is different from the characterization under US GAAP and the final determination of the source and tax characteristics of all distributions will be made after the end of the year after receipt of the relevant tax information from the Fund's underlying investments. Shareholders should note that any return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. There is no assurance that the Fund will continue to declare distributions or that they will continue at these rates. The distribution rate represents cumulative distributions paid over the last 4 quarters divided by the NAV/share during that time.
Additional information on fund and/or investment performance and the calculations related thereto can be provided upon request.
About Bluerock High Income Institutional Credit Fund
The Bluerock High Income Institutional Credit Fund (the "Fund") is a public, closed-end interval fund that provides individual investors access to a rapidly growing institutional asset class. The Fund's primary investment objective is to generate high current income, while secondarily seeking attractive, long-term risk-adjusted returns, with low correlation to the broader markets. The Fund seeks to accomplish its objectives by investing, directly and indirectly, in private credit through actively managed pools of diversified Senior Secured Loans known as Collateralized Loan Obligations (CLOs). The Fund has partnered with Clearlake Capital Asset Management, LLC whose management team has overseen the issuance of
Risk Disclosures
Not FDIC Insured | No Bank Guarantee | May Lose Value
Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment, and that you may lose part or all of your investment. This is neither an offer to sell nor a solicitation to purchase any security.
Investors should carefully consider the investment objectives, risks, sales charges and expenses of the Bluerock High Income Institutional Credit Fund (the "Fund"). This and other important information about the Fund is contained in the prospectus, which can be obtained by visiting bluerock.com/hi-fund/documents. The prospectus should be read carefully before investing.
Past performance is not a guarantee of future results. The ability of the Fund to achieve its investment objective depends, in part, on the ability of the Advisor and Sub-Advisor to allocate effectively the assets of the Fund among the various available investment opportunities. There can be no assurance that the actual allocations will be effective in achieving the Fund's investment objective or delivering positive returns. There is no guarantee that the Fund's investment strategies will work under all market conditions. Statements relating to the performance of the Fund contained herein are historical and the Fund's performance subsequent to the date as of which such statements were made may differ materially. Updated performance data for the Fund is available at bluerockfunds.com/hi-fund/performance.
Please note that the performance data relating to various indices included herein is for informational purposes only. You cannot invest directly in an index. Index performance does not represent actual fund or portfolio performance. Performance of a fund or portfolio may differ significantly from the performance of index holding the same securities. Index performance assumes reinvestment of dividends but does not reflect any management fees, transaction costs or other expenses that would be incurred by a fund or portfolio, or brokerage commissions on transactions in fund shares. Such fees, expenses, and commissions would likely reduce returns.
The Fund is a closed-end interval fund, the shares have no history of public trading, nor is it intended that the shares will be listed on a public exchange at this time. No secondary market is expected to develop for the Fund's shares. Limited liquidity is provided to shareholders only through the Fund's quarterly repurchase offers for no less than
Investors in the Fund should understand that the net asset value ("NAV") of the Fund will fluctuate, which means the value of your shares at any point in time may be worth less than the value of your original investment, even after taking into account any reinvestment of dividends and distributions. An investment in shares represents an indirect investment in the securities owned by the Fund. The value of these securities, like other market investments, may move up or down, sometimes rapidly and unpredictably. The Fund is "non-diversified" under the Investment Company Act of 1940 and therefore may invest more than
Because the Fund invests primarily in debt-anchored instruments and securities, the value of your investment in the Fund may fluctuate with changes in interest rates. The Fund may invest in senior secured debt and CLOs. Substantial increases in interest rates may cause an increase in loan defaults and the value of the Fund's assets may also be affected by other uncertainties such as economic developments affecting the market for senior secured term loans or uncertainties affecting borrowers generally. There is a risk that the borrowers under the Senior Secured Loans may not make scheduled interest and/or principal payments on their loans and/or debt securities, which may result in losses or reduced cash flow to the Fund, either or both of which may cause the NAV of, or the distributions by, the Fund to decrease. CLOs carry additional risks, including but not limited to (i) the possibility that the Fund's investments in CLOs are subordinate to other classes or tranches thereof; and (iv) the complex structure of the CLO investment may not be fully understood at the time of investment and may produce disputes with the issuer, holders of senior tranches or other unexpected investment results. In addition, the nature of the Fund's investment strategy also subjects it to various risks, including credit risk (the debtor may default), liquidity risk (the investment may not be able to be sold at an advantageous time or price) and prepayment risk (the debtor may pay its obligation early, reducing the amount of interest payments). All potential investors should read the Risk Factors section of the prospectus for additional information related to the risks associated with an investment in the Fund.
The Bluerock High Income Institutional Credit Fund is distributed by ALPS Distributors, Inc (ALPS). Bluerock Credit Fund Advisor, LLC is not affiliated with ALPS, or Clearlake Capital Asset Management, LLC. This material is provided for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product or be relied upon for any other purpose. Certain information contained herein has been obtained from sources deemed to be reliable, but has not been independently verified. This material represents views as of its date and is subject to change without notice of any kind.
For more information, contact Bluerock Capital Markets at 877.826.BLUE (2583).
Collateralized Loan Obligations (CLOs): A form of securitization where payments from multiple business loans (most typically senior secured corporate loans) are pooled together and passed on to different classes of owners in various tranches.
Correlation: This indicates the strength and direction of a linear relationship between two random variables. The value will range between -1 and 1.
Senior Secured Loans (SSLs): Debt obligations issued by corporations that are typically backed ("secured") by a company's assets. SSLs sit at the top of the company's capital structure and have the highest priority claim on the borrower's assets.
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SOURCE Bluerock High Income Institutional Credit Fund
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