2 / 5 Stars
3 3 5 3 2
Zacks Investment Research
1 (Strong Buy)
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 4.25 percent over the past year, and 4.80 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.6%|
|3 Years (Annualized)||4.8%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide investors with a high level of current income. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate loans and other floating rate debt instruments. It normally invests substantially in floating rate loans. The fund generally invests in below investment-grade floating rate loans that either hold the most senior position in the capital structure of the borrower, hold an equal ranking with other senior debt, or have characteristics that the sub-adviser believes justify treatment as senior debt.
Fees are Low compared to funds in the same category.
ING Floating Rate Fund has an expense ratio of 1.01 percent.
Risk is Average compared to funds in the same category according to Morningstar.