What is the Floating Rate Fund ?

The Fund seeks to deliver a high level of current income by investing primarily in a variety of below investment grade loans.

HISTORY OF CREDIT RESEARCH

Brings a 40+ year heritage of high-yield credit investing, focused on fundamental, bottom-up credit research.

ATTRACTIVE INCOME & LOW EXPENSES

Has provided high income and lower expenses relative to its Morningstar peer group category average.
 

ATTRACTIVE RETURN FOR RISK

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core bank loan holding over a full market cycle.

Yield

Dividend Yield 1 as of 02/10/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 4.56%
w/ sales charge - 4.46%

30-Day Standardized Yield 2 as of 01/31/2016  

 
4.41%

Fund Basicsas of 12/31/2015

Total Net Assets
$6.07 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
421

Expense Ratioas of 01/31/2016

Fund Expense Ratio :

0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge -0.53% -0.33% 1.74% 3.27% - 3.70%
Lipper Category Avg. Loan Participation Funds -0.86% -2.21% 0.71% 2.34% - -
CS Leveraged Loan Index -0.73% -1.36% 1.95% 3.20% - 3.83%
w/ sales charge -2.75% -2.57% 0.97% 2.79% - 3.41%

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 0.35% 0.35% 2.36% 3.68% - 3.81%
Lipper Category Avg. Loan Participation Funds -1.24% -1.24% 1.39% 2.84% - -
CS Leveraged Loan Index -0.38% -0.38% 2.57% 3.76% - 3.97%
w/ sales charge -1.90% -1.90% 1.57% 3.22% - 3.52%

Fund Expense Ratio :

0.80%

Investment Team

Jeffrey D. Lapin
Jeffrey D. Lapin, J.D.

Portfolio Manager

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Deputy Chief Investment Officer

25 Years of Industry Experience

Supported By 48 Investment Professionals and 13 Years Avg. Industry Experience

RELATED CONTENT

Fund Performance Details next tab

Contact a Representative