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 05/28/2015  

  Subsidized3 Un-Subsidized4
w/o sales charge - 4.18%
w/ sales charge - 4.09%

30-Day Standardized Yield 2 as of 04/30/2015  

 
4.04%

Fund Basicsas of 04/30/2015

Total Net Assets
$6.87 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
443

Expense Ratioas of 04/30/2015

Fund Expense Ratio :

0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 2.96% 2.76% 4.94% 5.05% - 4.53%
Lipper Category Avg. Loan Participation Funds 2.80% 2.40% 4.34% 4.58% - -
CS Leveraged Loan Index 2.99% 3.52% 5.40% 5.28% - 4.81%
w/ sales charge 0.65% 0.43% 4.16% 4.58% - 4.21%

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 2.05% 1.93% 4.90% 5.04% - 4.46%
Lipper Category Avg. Loan Participation Funds 1.91% 1.53% 4.29% 4.64% - -
CS Leveraged Loan Index 2.07% 2.83% 5.36% 5.36% - 4.74%
w/ sales charge -0.24% -0.38% 4.11% 4.57% - 4.13%

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 44 Investment Professionals and 14 Years Avg. Industry Experience

RELATED CONTENT

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