4 / 5 Stars
3 4 4 4 3
Zacks Investment Research
Standard & Poor's
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.
The fund has returned 4.15 percent over the past year, 4.67 percent over the past three years, 7.77 percent over the past five years, and 4.32 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.3%|
|3 Years (Annualized)||4.7%|
|5 Years (Annualized)||7.8%|
|10 Years (Annualized)||4.3%|
The investment seeks to provide a high level of current income. Under normal circumstances, the fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). Senior Loans typically are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics (sometimes referred to as "junk"). The fund may invest up to 25% of total assets in foreign Senior Loans.
Fees are Low compared to funds in the same category.
Eaton Vance Floating Rate Fund has an expense ratio of 0.74 percent.
Risk is Average compared to funds in the same category according to Morningstar.