3 / 5 Stars
3 2 4 1 1
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 4.24 percent over the past year, 4.67 percent over the past three years, and 10.93 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.4%|
|3 Years (Annualized)||4.7%|
|5 Years (Annualized)||10.9%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income. The fund will invest at least 80% of its net assets in floating-rate loans, which often include debt securities of domestic and foreign issuers that are rated below investment grade, at the time of purchase, or are of comparable quality, as determined by the subadvisor, and other floating-rate securities. It may invest in domestic and foreign issuer loans and loan participations that pay interest at rates that float or reset periodically at a margin above a generally recognized base lending rate such as the Prime Rate, the London InterBank Offered Rate, or another generally recognized base lending rate.
Fees are High compared to funds in the same category.
John Hancock Funds Floating Rate Income Fund has an expense ratio of 1.19 percent.
Risk is Average compared to funds in the same category according to Morningstar.