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 03/27/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge - 3.88%
w/ sales charge - 3.79%

30-Day Standardized Yield 2 as of 02/28/2015  

 
4.11%

Fund Basicsas of 02/27/2015

Total Net Assets
$6.81 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
424

Expense Ratioas of 02/28/2015

Fund Expense Ratio :

0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 1.78% 2.04% 5.04% 5.37% - 4.48%
Lipper Category Avg. Loan Participation Funds 1.59% 1.44% 4.42% 4.99% - -
CS Leveraged Loan Index 1.67% 2.80% 5.46% 5.73% - 4.74%
w/ sales charge -0.50% -0.27% 4.26% 4.90% - 4.14%

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 0.93% 0.93% 5.58% 5.25% - 4.32%
Lipper Category Avg. Loan Participation Funds 0.57% 0.57% 4.88% 5.05% - -
CS Leveraged Loan Index 2.06% 2.06% 5.84% 5.83% - 4.60%
w/ sales charge -1.35% -1.35% 4.77% 4.77% - 3.98%

Fund Expense Ratio :

0.80%

Investment Team

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

Portfolio Manager

17 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Director

23 Years of Industry Experience

Supported By 40 Investment Professionals and 13 Years Avg. Industry Experience

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