PL Floating Rate Loan Fund

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.

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Performance

The fund has returned 3.81 percent over the past year, and 4.63 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 1.2%
1 Year 3.8%
3 Years (Annualized) 4.6%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks a high level of current income. The fund normally invests at least 80% of its assets in floating rate loans. Floating rate loans are those with interest rates which float, adjust or vary periodically based upon a benchmark indicator, a specified adjustment schedule or prevailing interest rates. It may invest in participations in senior loans, may purchase assignments of portions of senior loans from third parties and may act as one of the group of lenders originating a senior loan.

Fees

Fees are Low compared to funds in the same category.
PL Floating Rate Loan Fund has an expense ratio of 0.80 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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See Also:

Top Pacific Life Funds Funds