4 / 5 Stars
5 5 4 2 3
Zacks Investment Research
5 (Strong Sell)
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 4.50 percent over the past year, 4.96 percent over the past three years, 12.27 percent over the past five years, and 4.60 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.7%|
|3 Years (Annualized)||5.0%|
|5 Years (Annualized)||12.3%|
|10 Years (Annualized)||4.6%|
The investment seeks to provide a high level of current income. The fund normally invests at least 80% of total assets in a combination of income producing floating rate loans and other floating rate debt securities and high yield corporate bonds. It may not invest more than 20% of total assets in unsecured high yield corporate bonds. The fund invests primarily in senior floating rate loans of domestic and foreign borrowers and secondarily in high yield, high risk corporate bonds.
Fees are Low compared to funds in the same category.
Eaton Vance Floating-Rate & High Income Fund has an expense ratio of 1.07 percent.
Risk is Average compared to funds in the same category according to Morningstar.