3 / 5 Stars
3 4 4 5 3
Zacks Investment Research
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 4.79 percent over the past year, 5.02 percent over the past three years, and 10.73 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.7%|
|3 Years (Annualized)||5.0%|
|5 Years (Annualized)||10.7%|
|10 Years (Annualized)||N/A|
The investment seeks high current income, while preservation of capital is a secondary goal. The fund invests mainly in corporate loans and debt securities that have floating rates of interest and other corporate debt securities. It invests mainly in obligations of U.S. issuers that are below-investment-grade in quality (having credit characteristics similar to "junk bonds"). The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.
Fees are Low compared to funds in the same category.
Putnam Floating Rate Income Fund has an expense ratio of 1.03 percent.
Risk is Average compared to funds in the same category according to Morningstar.