5 / 5 Stars
Zacks Investment Research
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 5.78 percent over the past year, 5.47 percent over the past three years, 9.56 percent over the past five years, and 5.12 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.2%|
|3 Years (Annualized)||5.5%|
|5 Years (Annualized)||9.6%|
|10 Years (Annualized)||5.1%|
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 Low compared to funds in the same category.
Oppenheimer Senior Floating Rate Fund has an expense ratio of 0.62 percent.
Risk is Average compared to funds in the same category according to Morningstar.
The fund's Value Line Overall Rank, a measure of risk-adjusted performance and relative growth in fund returns, is 2 on a scale of 1 to 5, with 1 being the best and 5 the worst.Value Line 2014-06-11
The fund's Value Line Growth Persistence rank, which awards funds that consistently outperform their broad universes, is 3 for one year, 2 for five years, and 3 for 10 years. Scores are on a 1 to 5 scale, with 1 being the best and 5 the worst.Value Line 2014-06-11
The fund's Value Line Risk Rank, a measure of volatility, is 3 on a scale of 1 to 5, with 1 being the least volatile and 5 the most.Value Line 2014-06-11