#USA #New York #High Income Fund #Bluerock Fund #IIMAX

Bluerock High Income Institutional Credit Fund's Q3 2025 Distribution Report

On October 7, 2025, the Bluerock High Income Institutional Credit Fund, commonly referred to as the High Income Fund, revealed its thirteenth consecutive quarterly distribution. This announcement marks a continued trend of solid performance, boasting an annualized distribution rate of 11.2% since the fund's inception date of June 21, 2022.

Distribution Details

Shareholders who remained invested throughout the entire quarter will be rewarded with a distribution of approximately $0.55 per share. Over its lifetime, the fund has successfully delivered nearly $8.76 in total distributions per share to its investors, underscoring its commitment to providing consistent income amidst fluctuating market conditions.

Strategic Portfolio Diversification

One key strategy behind the Fund's consistent performance is its ongoing effort to diversify its portfolio actively. The fund has markedly increased its investments in debt positions within the Collateralized Loan Obligation (CLO) capital structure, a tactic designed to mitigate risk while still generating attractive yields. This careful positioning is integral for maintaining a robust risk-adjusted return profile and ensuring steady income generation across various market environments.

As of September 30, 2025, the Fund has initiated 120 CLO positions, with a total underlying loan value of approximately $52.2 billion. This includes exposure to over 1,325 senior secured loans spread across different industries, showcasing the fund's commitment to diversified investment strategies. The net assets under management are estimated to be around $189 million, reflecting a healthy growth trajectory since inception.

Performance Metrics

The fund's Class I shares have demonstrated commendable performance metrics, yielding 9.06% over the trailing twelve months and 9.09% since its inception. Such results illustrate the fund's capacity to adapt to changing market conditions while delivering positive returns for its shareholders. However, it's essential to note that past performance is not necessarily indicative of future results. The returns account for all distributions and the change in share price, emphasizing the importance of holistic evaluation when considering investment outcomes.

Expense Management and Fee Structure

An aspect contributing to the fund's strong income delivery is its relatively low expense ratio. Effective January 1, 2025, the total annual operating expense is 3.81% for Class A shares, 4.61% for Class C shares, and 3.66% for I shares. These figures are gross of any possible fee waivers or reimbursements. The fund's investment adviser has committed to ensuring that, at least until January 31, 2026, the net annual operating expenses will not exceed 2.10% for A shares, 2.85% for C shares, and 1.85% for I shares, reaching a commendable level of investor support.

Conclusion

The Bluerock High Income Institutional Credit Fund stands as a promising option for investors seeking exposure to high current income throughout varying economic landscapes. By combining strategic diversification with a robust expense management approach, the fund has successfully enabled its investors to capture income while reducing associated risks.

For anyone considering an investment, it’s vital to conduct thorough research, taking into account objectives, risks, and potential expenses by accessing the fund's prospectus or visiting its official site.

The continued success of this fund highlights the vital role of understanding market dynamics and the importance of informed investment decisions. Potential investors are encouraged to engage with the investment adviser to explore tailored strategies that align with their financial aspirations.