4 / 5 Stars
5 5 5 4 1
Zacks Investment Research
1 (Strong Buy)
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 5.12 percent over the past year, and 6.12 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.5%|
|3 Years (Annualized)||6.1%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide high current income, with a secondary objective of long-term capital appreciation. The fund normally invests at least 80% of its assets in secured instruments, including bank loans and bonds, issued primarily, but not exclusively, by below investment grade issuers. It may invest in instruments of any credit quality without limitation, including instruments rated below investment grade. The fund anticipates that, under current market conditions, substantially all of its portfolio will consist of instruments rated below investment grade. It may invest in floating rate and fixed income securities of any duration or maturity.
Fees are High compared to funds in the same category.
BlackRock Secured Credit Portfolio has an expense ratio of 0.95 percent.
Risk is Low compared to funds in the same category according to Morningstar.