Bank Loan

Bank-loan portfolios primarily invest in floating-rate bank loans instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmark such as the London interbank offered rate, or LIBOR. Morningstar®

MainStay Floating Rate Fund (MXFAX)

Performance (1-yr.): 3.73% Expenses: 1.00%
Performance (1-mo.): 0.06% Total Assets: $1.78B
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Metropolitan West Floating Rate Income Fund (MWFLX)

Performance (1-yr.): Expenses: 0.65%
Performance (1-mo.): 0.30% Total Assets: $125.56M
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Neuberger Berman Floating Rate Income Fund (NFIAX)

Performance (1-yr.): 3.66% Expenses: 1.09%
Performance (1-mo.): 0.07% Total Assets: $617.65M
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Nuveen Symphony Floating Rate Income Fund (NFRAX)

Performance (1-yr.): 7.23% Expenses: 1.07%
Performance (1-mo.): 0.57% Total Assets: $846.48M
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Oppenheimer Senior Floating Rate Fund (OOSAX)

Performance (1-yr.): 5.57% Expenses: 1.11%
Performance (1-mo.): 0.21% Total Assets: $20.43B
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Oppenheimer Senior Floating Rate Plus Fund (OSFAX)

Performance (1-yr.): Expenses: 1.30%
Performance (1-mo.): 0.38% Total Assets: $41.58M
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Payden Floating Rate Fund (PYFIX)

Performance (1-yr.): Expenses: 0.65%
Performance (1-mo.): 0.25% Total Assets: $101.75M
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PIMCO Senior Floating Rate Fund (PSRZX)

Performance (1-yr.): 3.48% Expenses: 1.00%
Performance (1-mo.): 0.26% Total Assets: $2.36B
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Pioneer Floating Rate Fund (FLARX)

Performance (1-yr.): 3.74% Expenses: 1.10%
Performance (1-mo.): 0.30% Total Assets: $883.33M
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PL Floating Rate Income Fund (PLFLX)

Performance (1-yr.): 5.12% Expenses: 1.06%
Performance (1-mo.): 0.23% Total Assets: $1.02B
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Top Performing Bank Loan Funds As of 03.05.2014

Highland Floating Rate Opportunities Fund (HFRAX)

Total Return: 1.15%

Catalyst/Princeton Floating Rate Income Fund (CFRAX)

Total Return: 0.73%

First Trust Short Duration High Income Fund (FDHAX)

Total Return: 0.65%

Highland Floating Rate Opportunities Fund (HFRAX)

Total Return: 14.70%

Catalyst/Princeton Floating Rate Income Fund (CFRAX)

Total Return: 7.78%

Invesco Senior Loan Fund (VSLAX)

Total Return: 7.58%

Highland Floating Rate Opportunities Fund (HFRAX)

Total Return: 10.49%

Invesco Senior Loan Fund (VSLAX)

Total Return: 7.25%

ING Senior Income Fund (XSIAX)

Total Return: 6.59%

* Annualized