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 04/29/2016  

  Subsidized3 Un-Subsidized4
w/o sales charge - 4.54%
w/ sales charge - 4.44%

30-Day Standardized Yield 2 as of 03/31/2016  

 
4.45%

Fund Basicsas of 03/31/2016

Total Net Assets
$6.03 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
444

Expense Ratioas of 03/31/2016

Fund Expense Ratio :

0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 3.60% 0.97% 2.46% 3.92% - 4.10%
Lipper Category Avg. Loan Participation Funds - - - - - -
CS Leveraged Loan Index - - - - - -
w/ sales charge 1.29% -1.26% 1.69% 3.44% - 3.81%

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 1.72% 0.02% 2.09% 3.65% - 3.91%
Lipper Category Avg. Loan Participation Funds 1.29% -1.83% 1.12% 2.70% - -
CS Leveraged Loan Index 1.33% -1.11% 2.22% 3.49% - 4.01%
w/ sales charge -0.54% -2.20% 1.31% 3.17% - 3.62%

Fund Expense Ratio :

0.80%

Investment Team

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

Portfolio Manager

19 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Portfolio Manager

15 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

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