2 / 5 Stars
3 3 4 2 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 50 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 4.23 percent over the past year, 4.32 percent over the past three years, and 12.10 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.5%|
|3 Years (Annualized)||4.3%|
|5 Years (Annualized)||12.1%|
|10 Years (Annualized)||N/A|
The investment seeks to provide high current income. Under normal market conditions, 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. Senior loans typically are of below-investment-grade quality and, compared to investment grade loans, may pay higher yields and have higher volatility and higher risk of default on payments of interest or principal. The fund is non-diversified.
Fees are High compared to funds in the same category.
DWS Floating Rate Fund has an expense ratio of 1.09 percent.
Risk is Average compared to funds in the same category according to Morningstar.