3 / 5 Stars
5 5 4 4 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 47 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 5.85 percent over the past year, 6.14 percent over the past three years, and 10.34 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||4.6%|
|3 Years (Annualized)||6.1%|
|5 Years (Annualized)||10.3%|
|10 Years (Annualized)||N/A|
The investment seeks to provide shareholders with a high level of current income and, as a secondary objective, preservation of capital. Under normal market conditions, at least 80% of the fund's assets will be invested in floating rate loans and other floating rate debt securities. These debt obligations will generally be rated non-investment grade by recognized rating agencies (similar to "junk bonds") or, if unrated, be considered to be of comparable quality. Up to 25% of the fund's net assets may be invested in foreign investments. It normally invests in senior secured floating rate loans.
Fees are Low compared to funds in the same category.
Columbia Floating Rate Fund has an expense ratio of 1.01 percent.
Risk is Average compared to funds in the same category according to Morningstar.