3 / 5 Stars
3 3 2 1 3
Zacks Investment Research
Standard & Poor's
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.
The fund has returned 7.18 percent over the past year, 5.23 percent over the past three years, and 6.13 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.8%|
|3 Years (Annualized)||5.2%|
|5 Years (Annualized)||6.1%|
|10 Years (Annualized)||N/A|
The investment seeks to provide high current income. The fund invests at least 80% of its total assets in adjustable rate loans that have a senior right to payment ("senior loans") and other floating rate debt securities. It may also borrow money in an amount up to 33 1-3% of the fund's total assets for a range of purposes, including to create investment leverage. Under normal market conditions, up to 20% of the fund's total assets may be held in cash and other investments. It may invest assets in senior loans that are not secured by collateral. The fund is non-diversified.
Fees are Low compared to funds in the same category.
DWS Floating Rate Fund has an expense ratio of 1.14 percent.
Risk is Average compared to funds in the same category according to Morningstar.