3 / 5 Stars
5 5 3 3 2
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 5.18 percent over the past year, 5.39 percent over the past three years, 12.45 percent over the past five years, and 4.39 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.6%|
|3 Years (Annualized)||5.4%|
|5 Years (Annualized)||12.5%|
|10 Years (Annualized)||4.4%|
The investment seeks total return, comprised of current income and capital appreciation. The fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities. It may use leverage in an effort to maximize its return through borrowing, generally from banks, in an amount of up to 33.3% of the fund's total assets after such borrowing.
Fees are High compared to funds in the same category.
Invesco Floating Rate Fund has an expense ratio of 1.08 percent.
Risk is Average compared to funds in the same category according to Morningstar.