3 / 5 Stars
2 2 4 5 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 4.56 percent over the past year, 4.51 percent over the past three years, and 10.05 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.8%|
|3 Years (Annualized)||4.5%|
|5 Years (Annualized)||10.1%|
|10 Years (Annualized)||N/A|
The investment seeks high current income and, secondarily, capital appreciation. The fund invests at least 80% of net assets in floating rate loans and floating rate debt securities. Floating rate loans represent amounts borrowed by companies or other entities from banks and other lenders. It may invest up to 20% of its net assets in fixed rate debt securities. The fund's weighted average maturity generally is expected to be in the 4- to 8-year range. It may invest up to 20% of its total assets in non-U.S. dollar-denominated loans and debt securities.
Fees are Low compared to funds in the same category.
T. Rowe Price Institutional Floating Rate Fund has an expense ratio of 0.62 percent.
Risk is Average compared to funds in the same category according to Morningstar.