2 / 5 Stars
4 4 4 5 1
Zacks Investment Research
1 (Strong Buy)
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 5.12 percent over the past year, 5.74 percent over the past three years, and 7.29 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.1%|
|3 Years (Annualized)||5.7%|
|5 Years (Annualized)||7.3%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income. Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate senior loans. It may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and foreign securities, including emerging market securities. The fund may invest up to 20% of its net assets in other types of debt securities and short-term instruments. In addition, it may invest up to 10% of its net assets in derivatives.
Fees are Low compared to funds in the same category.
Lord Abbett Floating Rate Fund has an expense ratio of 0.80 percent.
Risk is Average compared to funds in the same category according to Morningstar.