2 / 5 Stars
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 50 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 3.83 percent over the past year, 4.09 percent over the past three years, 10.23 percent over the past five years, and 3.28 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.4%|
|3 Years (Annualized)||4.1%|
|5 Years (Annualized)||10.2%|
|10 Years (Annualized)||3.3%|
The investment seeks to provide high current income; long-term capital appreciation is a secondary consideration. The fund normally invests at least 80% of its assets in floating rate investments and investments that are the economic equivalent of floating rate investments, which effectively enables the fund to achieve a floating rate of income. It may also purchase, without limitation, participations or assignments in senior floating rate loans or second lien floating rate loans.
Fees are High compared to funds in the same category.
BlackRock Floating Rate Income Fund has an expense ratio of 1.76 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.