2 / 5 Stars
1 1 4 5 4
Zacks Investment Research
5 (Strong Sell)
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 4.24 percent over the past year, 4.19 percent over the past three years, 6.25 percent over the past five years, and 3.66 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||1.5%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||6.3%|
|10 Years (Annualized)||3.7%|
The investment seeks a high level of current income; capital preservation is a secondary goal. The fund normally invests at least 80% of its net assets in income-producing floating interest rate corporate loans and corporate debt securities made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. It invests at least 75% of its net assets in corporate loans and corporate debt securities that are rated B or higher at the time of purchase by a nationally recognized statistical rating organization (NRSRO) or, if unrated, are determined to be of comparable quality by the fund's investment manager.
Fees are Low compared to funds in the same category.
Franklin Floating Rate Daily Access Fund has an expense ratio of 0.83 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.