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5 / 5 Stars
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Lipper
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Zacks Investment Research
3
(Hold)
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 43 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 6.56 percent over the past year, 7.32 percent over the past three years, 7.34 percent over the past five years, and 6.85 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.6% |
| 1 Year | 6.6% |
| 3 Years (Annualized) | 7.3% |
| 5 Years (Annualized) | 7.3% |
| 10 Years (Annualized) | 6.8% |
Summary
The investment seeks high current income; capital appreciation is a secondary consideration. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield, fixed income securities (commonly referred to as "junk bonds"). The high yield, fixed income securities in which the fund will invest for purposes of this 80% policy will consist entirely of senior secured floating rate loans ("Senior Loans") issued by non-investment grade companies. It may invest up to 30% of its assets in securities of non-U.S. issuers.
Fees
Fees are Low compared to funds in the same category.
Credit Suisse Floating Rate High Income Fund has an expense ratio of 1.70 percent.
Risk
Risk is Above Average compared to funds in the same category according to Morningstar.
