4 / 5 Stars
4 4 4 4 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 5.16 percent over the past year, 4.68 percent over the past three years, 12.79 percent over the past five years, and 4.53 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.3%|
|3 Years (Annualized)||4.7%|
|5 Years (Annualized)||12.8%|
|10 Years (Annualized)||4.5%|
The investment seeks income. The fund invests mainly in floating rate loans that hold a senior position in the capital structure of U.S. and foreign corporations, partnerships or other business entities. It normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in Senior Loans. The fund can invest 25% or more of its total assets in securities of the group of industries in the financial services sector. It can invest up to 100% of its assets in debt instruments rated below investment-grade, and will normally invest a substantial portion of its assets in those securities.
Fees are High compared to funds in the same category.
Oppenheimer Senior Floating Rate Fund has an expense ratio of 1.63 percent.
Risk is Average compared to funds in the same category according to Morningstar.