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.

HIGH INCOME & LOW EXPENSES

Has provided higher 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 08/28/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge - 4.46%
w/ sales charge - 4.36%

30-Day Standardized Yield 2 as of 07/31/2015  

 
4.16%

Fund Basicsas of 07/31/2015

Total Net Assets
$6.72 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
441

Expense Ratioas of 07/31/2015

Fund Expense Ratio :

0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 2.77% 1.77% 4.61% 5.08% - 4.35%
Lipper Category Avg. Loan Participation Funds 2.51% 1.26% 3.92% 4.66% - -
CS Leveraged Loan Index 2.96% 2.29% 4.97% 5.47% - 4.64%
w/ sales charge 0.47% -0.55% 3.82% 4.60% - 4.04%

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 2.73% 1.51% 4.93% 5.37% - 4.40%
Lipper Category Avg. Loan Participation Funds 2.48% 1.11% 4.24% 5.01% - -
CS Leveraged Loan Index 2.87% 2.15% 5.28% 5.75% - 4.69%
w/ sales charge 0.42% -0.79% 4.14% 4.89% - 4.08%

Fund Expense Ratio :

0.80%

Investment Team

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

Portfolio Manager

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Director

24 Years of Industry Experience

Supported By 47 Investment Professionals and 14 Years Avg. Industry Experience

RELATED CONTENT

Fund Performance Details next tab

Contact a Representative