DoubleLine Floating Rate Fund

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.

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Performance

The fund has returned 3.46 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 1.4%
1 Year 3.5%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks a high level of current income. The fund normally will invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in floating rate loans and other floating rate investments. It expects that many or all of the fund's investments will be rated below investment grade or unrated but of comparable credit quality. The fund may invest in securities of stressed, distressed, and defaulted issuers (including issuers involved in bankruptcy proceedings, reorganizations, financial restructurings, or otherwise experiencing financial hardship).

Fees

Fees are Low compared to funds in the same category.
DoubleLine Floating Rate Fund has an expense ratio of 0.98 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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