2 / 5 Stars
3 3 3 2 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 43 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 6.35 percent over the past year, and 5.88 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.5%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks high current income. The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating rate securities (including loans). It invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as "junk bonds").
Fees are Low compared to funds in the same category.
Neuberger Berman Floating Rate Income Fund has an expense ratio of 1.07 percent.
Risk is Average compared to funds in the same category according to Morningstar.