4 / 5 Stars
4 5 4 2 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 49 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 5.34 percent over the past year, 5.45 percent over the past three years, and 8.50 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.4%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||8.5%|
|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 net assets (including the amount of any borrowings for investment purposes) 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 "high yield securities" or "junk bonds") or, if unrated, determined to be of comparable quality. Senior floating rate loans held by the fund will generally have final maturities of nine years or less.
Fees are Low compared to funds in the same category.
Columbia Floating Rate Fund has an expense ratio of 1.09 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.