| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
4
3
2
1
1
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
---
|
|
TheStreet.com
E+
(Sell)
|
U.S. News evaluated 43 Bank Loan Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 7.42 percent over the past year, 5.75 percent over the past three years, and 6.13 percent over the past five years.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 3.0% |
| 1 Year | 7.4% |
| 3 Years (Annualized) | 5.7% |
| 5 Years (Annualized) | 6.1% |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks high total return from both current income and capital appreciation. The fund invests primarily in non-investment grade bank loans with a focus on higher quality companies within a rating tier. It normally invests at least 80% of net assets in a portfolio of senior floating rate loans ("Senior Loans"). The fund may also invest up to 15% of total assets in U.S. and non-U.S. dollar denominated foreign securities and foreign Senior Loans, including Yankee bonds. It may borrow for investment purposes, to meet repurchase requests and for temporary, extraordinary or emergency purposes.
Fees
Fees are Low compared to funds in the same category.
Virtus Senior Floating Rate Fund has an expense ratio of 1.23 percent.
Risk
Risk is Below Average compared to funds in the same category according to Morningstar.
