Senior Loan Funds
A senior loan closed end fund is one of the taxable bond fund categories. This senior loan fund utilizes its assets to purchase a floating-rate bank loans instead of bonds. This bond fund provides high interest income for investors. It does have a higher investment risk than typical short term bond fund.The investment risks for this senior loan or bank loan funds are interest rate risk, market risk, issuer’s risk, etc. You can buy these funds for your retirement account or brokerage account.
Top Closed End Funds
The list is sorted based on the funds’ YTD performance in 2014. You can find fund review and information in this article. Other information such as expense ratio, management, top holdings, top sector, and shares price can be found as well.Top performing senior loan closed end funds 2014 are:
- NexPoint Credit Strategies Fund
- Oxford Lane Capital Corp
- Avenue Income Credit Strategy
- Ares Dynamic Credit Allocation
- Nuveen Floating Rate Income Opportunities
- Invesco VK Dynamic Credit Opportunities
- BlackRock Floating Rate Income Trust
- THL Credit Senior Loan Fund
- Blackstone/GSO LS Credit Income
- Apollo Senior Floating Rate