Top Bank Loan Funds |
There are several types of taxable bond mutual funds. They are corporate bond, government bond, multisector bond, bank loan, etc. Bank loan are popular among investors who are concerned about rising interest rates. Bank loans or floating rate loans are debts that offered by banks to companies as part of a leveraged buyout deal.
These bank loan funds have limited interest rate risk, but they have high credit risk. These bond funds typically have low credit quality or non-investment grade rating. They also have higher yield than investment grade rated bond funds.
Best Bank Loan Funds
You find the fund review from this top mutual fund list. Investors can find the fund performance, management, expense fee, sales load, top holding, effective duration, etc.
Top 8 Best Bank Loan Mutual Funds of 2012 are:
- Credit Suisse Floating Rate High Income A (CHIAX)
- Eaton Vance Floating-Rate Advantage A (EAFAX)
- Fidelity Floating Rate High Income (FFRHX)