2 / 5 Stars
2 2 4 1 2
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 4.45 percent over the past year, 4.69 percent over the past three years, and 9.48 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.7%|
|3 Years (Annualized)||4.7%|
|5 Years (Annualized)||9.5%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of first- and second-lien senior floating rate loans and other floating rate debt securities. It may also invest up to 20% of its net assets in any combination of junior debt securities or securities with a lien on collateral lower than a senior claim on collateral, high yield fixed-rate bonds, investment grade fixed income debt obligations, asset-backed securities (such as special purpose trusts investing in bank loans), money market securities and repurchase agreements.
Fees are Low compared to funds in the same category.
RidgeWorth Seix Floating RT High Income Fund has an expense ratio of 0.85 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.